Granite Hills Credit Union
Granite Hills Credit Union: Stable Operations, Limited Public Data
EIN: 222610446 · Barre, VT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $1.4M |
| Program Spending | 80% |
| Net Assets | $4.9M |
| Transparency Score | 65/100 |
Is Granite Hills Credit Union Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Granite Hills Credit Union directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Granite Hills Credit Union
Granite Hills Credit Union (EIN: 222610446) is a nonprofit organization based in Barre, VT. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Granite Hills Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Granite Hills Credit Union is a mid-size nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -3.0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$19K |
| Total Assets | $38.6M |
| Total Liabilities | $33.7M |
| Net Assets | $4.9M |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 87.3% |
| Months of Reserves | 343.2 months |
Financial Health Grade: A
In 2016, Granite Hills Credit Union reported a surplus of $19K with revenue exceeding expenses, holds 343.2 months of operating reserves (strong position), has a debt-to-asset ratio of 87.3% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Granite Hills Credit Union's revenue has declined at a compound annual growth rate (CAGR) of -3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -0.4% | +2.0% | +3.1% |
| 2015 | -4.4% | +1.1% | +4.3% |
| 2014 | -1.8% | -1.0% | +3.8% |
| 2013 | -7.4% | +2.3% | +3.9% |
| 2012 | -0.9% | -9.7% | +4.7% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Granite Hills Credit Union with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Granite Hills Credit Union allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 87.3%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available financial data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Granite Hills Credit Union's IRS 990 filings:
- Lack of detailed financial breakdowns (program, admin, fundraising expenses) makes it difficult to assess operational efficiency.
- No information on executive compensation is available, which is a common transparency concern for nonprofits.
- The provided data does not include information on community impact or specific programs, making it hard to evaluate mission effectiveness beyond financial stability.
Strengths
The following positive indicators were identified for Granite Hills Credit Union:
- Consistent revenue generation over the past several years, indicating stable operations.
- Assets have shown steady growth from $31,820,954 in 2011 to $38,636,898 in 2016, suggesting financial health.
- Liabilities have grown proportionally with assets, indicating managed financial leverage.
Frequently Asked Questions about Granite Hills Credit Union
Is Granite Hills Credit Union a legitimate charity?
Granite Hills Credit Union (EIN: 222610446) is a registered tax-exempt nonprofit based in Vermont. Our AI analysis gives it a Mission Score of 65/100. It has 6 years of IRS 990 filings on record. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Granite Hills Credit Union spend its money?
Granite Hills Credit Union directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Granite Hills Credit Union tax-deductible?
Granite Hills Credit Union is registered as a tax-exempt nonprofit (EIN: 222610446). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Granite Hills Credit Union's spending goes to programs?
Granite Hills Credit Union directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Granite Hills Credit Union located?
Granite Hills Credit Union is headquartered in Barre, Vermont and files with the IRS under EIN 222610446.
How many years of IRS 990 filings does Granite Hills Credit Union have?
Granite Hills Credit Union has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does Granite Hills Credit Union do?
Granite Hills Credit Union is a nonprofit organization in the Unknown sector, located in Barre, Vermont. It is classified under NTEE code Unknown.
How much revenue does Granite Hills Credit Union have?
Granite Hills Credit Union reported total revenue of N/A. Based on 6 IRS 990 filings on record.
What are Granite Hills Credit Union's total assets?
Granite Hills Credit Union holds total assets of N/A as reported in IRS 990 filings.
Where is Granite Hills Credit Union located?
Granite Hills Credit Union is based in Barre, Vermont.
What is Granite Hills Credit Union's EIN?
Granite Hills Credit Union's Employer Identification Number (EIN) is 222610446. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Granite Hills Credit Union?
Granite Hills Credit Union is classified under NTEE code Unknown (Unknown).
Is Granite Hills Credit Union a registered 501(c)(3)?
Granite Hills Credit Union appears in IRS records (EIN: 222610446). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Granite Hills Credit Union file IRS Form 990?
Yes, Granite Hills Credit Union has 6 IRS Form 990 filings on record. The most recent covers tax period 201612.
What was Granite Hills Credit Union's revenue in 2016?
In the 201612 filing period, Granite Hills Credit Union reported total revenue of $1,369,714, total expenses of $1,350,745, and net assets of $38,636,898.
Is Granite Hills Credit Union's revenue growing or declining?
Granite Hills Credit Union's revenue is relatively stable. Revenue went from $1,374,635 (201512) to $1,369,714 (201612), a -0.4% change. Based on 6 filings on record.
What is Granite Hills Credit Union's most recent 990 filing?
The most recent IRS Form 990 filing for Granite Hills Credit Union covers tax period 201612. It shows revenue of $1,369,714, expenses of $1,350,745, total assets of $38,636,898, and liabilities of $33,716,925.
How much does Granite Hills Credit Union spend on programs vs administration?
Based on IRS 990 analysis, Granite Hills Credit Union allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Granite Hills Credit Union a trustworthy charity?
Based on AI analysis of IRS 990 data, Granite Hills Credit Union shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Granite Hills Credit Union?
The following concerns were identified: Lack of detailed financial breakdowns (program, admin, fundraising expenses) makes it difficult to assess operational efficiency.. No information on executive compensation is available, which is a common transparency concern for nonprofits.. The provided data does not include information on community impact or specific programs, making it hard to evaluate mission effectiveness beyond financial stability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Granite Hills Credit Union's strengths?
Positive indicators for Granite Hills Credit Union include: Consistent revenue generation over the past several years, indicating stable operations.. Assets have shown steady growth from $31,820,954 in 2011 to $38,636,898 in 2016, suggesting financial health.. Liabilities have grown proportionally with assets, indicating managed financial leverage.. These findings are derived from AI analysis of the organization's financial filings.
How does Granite Hills Credit Union compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available financial data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' in the financial filings, does this indicate a specific tax-exempt status or a lack of reported contributions?
The 'c0%' likely indicates that the organization reported zero contributions or grants for those fiscal years, which is common for credit unions that primarily generate revenue from interest and fees rather than donations.
How does Granite Hills Credit Union's operational model, as a credit union, impact its 'nonprofit' classification and public reporting expectations compared to traditional charities?
As a credit union, Granite Hills is a member-owned financial cooperative, operating on a not-for-profit basis to serve its members. While tax-exempt, their reporting focuses on financial stability and member services rather than philanthropic program spending, which differs from traditional charities reliant on donations and grants.
Filing History
IRS 990 filing history for Granite Hills Credit Union showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Granite Hills Credit Union's revenue has declined by 14.1%, moving from $1.6M to $1.4M. Total assets increased by 21.4% over the same period, from $31.8M to $38.6M. Total functional expenses fell by 5.7%, from $1.4M to $1.4M. In its most recent filing year (2016), Granite Hills Credit Union reported a surplus of $19K, with revenue exceeding expenses. The organization holds $33.7M in liabilities against $38.6M in assets (debt-to-asset ratio: 87.3%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $1.4M | $1.4M | $38.6M | $33.7M | — | — |
| 2015 | $1.4M | $1.3M | $37.5M | $32.5M | — | View 990 |
| 2014 | $1.4M | $1.3M | $35.9M | $31.0M | — | View 990 |
| 2013 | $1.5M | $1.3M | $34.6M | $29.8M | — | View 990 |
| 2012 | $1.6M | $1.3M | $33.3M | $28.4M | — | View 990 |
| 2011 | $1.6M | $1.4M | $31.8M | $27.0M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $1.4M, expenses of $1.4M, and assets of $38.6M (revenue -0.4% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.3M, and assets of $37.5M (revenue -4.4% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $35.9M (revenue -1.8% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.3M, and assets of $34.6M (revenue -7.4% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.3M, and assets of $33.3M (revenue -0.9% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.4M, and assets of $31.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Granite Hills Credit Union:
Data Sources and Methodology
This transparency report for Granite Hills Credit Union is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.