GRANITE WELLNESS CENTERS (EIN 942275091) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

VICTORIA BLACKSMITH

Phone

5308785166

Tax Period

2024-07-01 to 2025-06-30

GRANITE WELLNESS CENTERS, founded in 1975, is a community nonprofit in the Diseases & Disorders sector that reported $9.1M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $10.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

OUR MISSION IS TO PROMOTE WELLNESS AND QUALITY OF LIFE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $282,133

Program Service Revenue $8,508,050

Investment Income $282,240

Other Revenue $72,622

TOTAL REVENUE $9,145,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,623,404

Fundraising Expenses $6,112

Program Expenses $8,729,098

Other Expenses $4,059,192

TOTAL EXPENSES $10,682,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,145,045	$10,246,475	-0.1%
Expenses	$10,682,596	$11,549,804	-0.1%
Net Income	$-1,537,551	$-1,303,329	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

174

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$401,312

Total Directors

$251,639

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTORIA BLACKSMITH	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$217,273	$34,366	$251,639
STEVE MARTINO	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHIP ARENCHILD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVE SCINTO	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID POWERS	MEMBER	1.00	Director	$0	$0	$0
YANA MATYUK	DIRECTOR OF FINANCE	40.00	Officer	$127,447	$22,226	$149,673

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$9,145,045	$10,682,596	$14,568,990	$-1,537,551
2024	$10,246,475	$11,549,804	$16,632,198	$-1,303,329
2023	$9,215,830	$11,472,776	$18,688,290	$-2,256,946
2022	$11,335,097	$11,971,784	$16,518,160	$-636,687
2021	$11,056,316	$10,788,317	$17,075,627	$267,999
2020	$10,184,989	$10,298,861	$16,051,226	$-113,872
2018	$7,857,452	$7,837,012	$15,904,889	$20,440

GRANITE WELLNESS CENTERS