Granite State Management & Resources
Granite State Management & Resources maintains stable finances with consistent revenue and no reported officer compensation.
EIN: 20404239 · Concord, NH · NTEE: W600 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $32.3M |
| Total Expenses | $25.0M |
| Program Spending | 85% |
| Net Assets | $40.7M |
| Transparency Score | 85/100 |
Is Granite State Management & Resources Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Granite State Management & Resources directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Granite State Management & Resources
Granite State Management & Resources (EIN: 20404239) is a nonprofit organization based in Concord, NH, classified under NTEE code W600. The organization reported total revenue of $32.3M and total assets of $46.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Granite State Management & Resources's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Granite State Management & Resources is a large nonprofit that has been operating for 39 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $27.4M |
| Total Expenses | $25.0M |
| Surplus / Deficit | +$2.4M |
| Total Assets | $46.0M |
| Total Liabilities | $5.3M |
| Net Assets | $40.7M |
| Operating Margin | 8.7% |
| Debt-to-Asset Ratio | 11.4% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2019, Granite State Management & Resources reported a surplus of $2.4M with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 11.4% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2019), Granite State Management & Resources's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -0.8% | +9.4% | +4.2% |
| 2018 | +36.7% | +9.8% | -1.0% |
| 2017 | +15.6% | +4.0% | +3.3% |
| 2016 | -1.1% | -0.3% | -0.6% |
| 2015 | -7.0% | +4.0% | -6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Granite State Management & Resources with a Mission Score of 85 out of 100 (Excellent). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Granite State Management & Resources allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.4%.
Executive Compensation Analysis
Granite State Management & Resources reported 0% officer compensation across all nine available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees. This suggests a highly efficient use of funds, with resources likely directed entirely towards program delivery and administrative overhead, rather than executive salaries.
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.
Strengths
The following positive indicators were identified for Granite State Management & Resources:
- Consistent revenue growth over the past decade, from $18.4M in 2011 to $27.3M in 2019.
- Strong asset base, consistently above $43M, providing financial stability.
- No reported officer compensation across all nine filings, indicating efficient use of funds.
- Healthy asset-to-liability ratio, demonstrating strong financial health.
- Consistent filing of IRS 990s, indicating good transparency practices.
Frequently Asked Questions about Granite State Management & Resources
Is Granite State Management & Resources a legitimate charity?
Based on AI analysis of IRS 990 filings, Granite State Management & Resources (EIN: 20404239) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Granite State Management & Resources spend its money?
Granite State Management & Resources directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Granite State Management & Resources tax-deductible?
Granite State Management & Resources is registered as a tax-exempt nonprofit (EIN: 20404239). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Granite State Management & Resources's spending goes to programs?
Granite State Management & Resources directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Granite State Management & Resources compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Granite State Management & Resources is above average for NTEE category W600 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Granite State Management & Resources located?
Granite State Management & Resources is headquartered in Concord, New Hampshire and files with the IRS under EIN 20404239. It is classified under NTEE code W600.
How many years of IRS 990 filings does Granite State Management & Resources have?
Granite State Management & Resources has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $32.3M in total revenue.
Is Granite State Management & Resources a good charity?
Based on the available IRS 990 data, Granite State Management & Resources appears to be a financially sound organization with consistent revenue and a strong asset base. The absence of reported officer compensation is a significant positive indicator of efficient resource allocation. However, a full assessment would benefit from a detailed breakdown of program vs. administrative spending.
How has Granite State Management & Resources' revenue trended over time?
Granite State Management & Resources has shown a generally increasing revenue trend, from $18,466,099 in 201109 to $27,392,450 in 201909, with the latest reported revenue at $32,345,358. There have been fluctuations, but the overall direction is positive.
What is the organization's financial stability?
The organization demonstrates strong financial stability. In 201909, assets were $46,001,608 against liabilities of $5,253,590, indicating a healthy financial cushion. This trend of strong assets relative to liabilities is consistent across all reported periods.
Filing History
IRS 990 filing history for Granite State Management & Resources showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Granite State Management & Resources's revenue has grown by 48.3%, moving from $18.5M to $27.4M. Total assets increased by 5% over the same period, from $43.8M to $46.0M. Total functional expenses rose by 44.4%, from $17.3M to $25.0M. In its most recent filing year (2019), Granite State Management & Resources reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $5.3M in liabilities against $46.0M in assets (debt-to-asset ratio: 11.4%), resulting in net assets of $40.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $27.4M | $25.0M | $46.0M | $5.3M | — | View 990 |
| 2018 | $27.6M | $22.9M | $44.2M | $5.5M | — | View 990 |
| 2017 | $20.2M | $20.8M | $44.6M | $5.5M | — | View 990 |
| 2016 | $17.5M | $20.0M | $43.2M | $5.1M | — | View 990 |
| 2015 | $17.6M | $20.1M | $43.5M | $4.4M | — | View 990 |
| 2014 | $19.0M | $19.3M | $46.6M | $3.5M | — | View 990 |
| 2013 | $20.6M | $20.6M | $47.7M | $4.4M | — | View 990 |
| 2012 | $17.5M | $16.0M | $47.1M | $4.2M | — | View 990 |
| 2011 | $18.5M | $17.3M | $43.8M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $27.4M, expenses of $25.0M, and assets of $46.0M (revenue -0.8% year-over-year).
- 2018: Revenue of $27.6M, expenses of $22.9M, and assets of $44.2M (revenue +36.7% year-over-year).
- 2017: Revenue of $20.2M, expenses of $20.8M, and assets of $44.6M (revenue +15.6% year-over-year).
- 2016: Revenue of $17.5M, expenses of $20.0M, and assets of $43.2M (revenue -1.1% year-over-year).
- 2015: Revenue of $17.6M, expenses of $20.1M, and assets of $43.5M (revenue -7.0% year-over-year).
- 2014: Revenue of $19.0M, expenses of $19.3M, and assets of $46.6M (revenue -7.8% year-over-year).
- 2013: Revenue of $20.6M, expenses of $20.6M, and assets of $47.7M (revenue +17.8% year-over-year).
- 2012: Revenue of $17.5M, expenses of $16.0M, and assets of $47.1M (revenue -5.3% year-over-year).
- 2011: Revenue of $18.5M, expenses of $17.3M, and assets of $43.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Granite State Management & Resources:
Data Sources and Methodology
This transparency report for Granite State Management & Resources 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.