Granite Vna Inc
Granite Vna Inc maintains stable finances with consistent revenue and no reported officer compensation.
EIN: 20222122 · Concord, NH · NTEE: E92Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $49.7M |
| Total Expenses | $49.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $51,441,113. |
| Net Assets | $50.7M |
| Transparency Score | 85/100 |
Is Granite Vna Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Granite Vna Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Granite Vna Inc
Granite Vna Inc (EIN: 20222122) is a nonprofit organization based in Concord, NH, classified under NTEE code E92Z. The organization reported total revenue of $49.7M and total assets of $51.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Granite Vna Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Granite Vna Inc is a large nonprofit that has been operating for 28 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51.4M |
| Total Expenses | $49.1M |
| Surplus / Deficit | +$2.3M |
| Total Assets | $55.2M |
| Total Liabilities | $4.5M |
| Net Assets | $50.7M |
| Operating Margin | 4.5% |
| Debt-to-Asset Ratio | 8.1% |
| Months of Reserves | 13.5 months |
Financial Health Grade: A
In 2023, Granite Vna Inc reported a surplus of $2.3M with revenue exceeding expenses, holds 13.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Granite Vna Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.0% | +7.1% | +6.7% |
| 2022 | -13.7% | +9.2% | -24.6% |
| 2021 | +40.5% | +14.6% | +33.1% |
| 2020 | +3.0% | +4.0% | +36.4% |
| 2019 | -1.1% | +4.8% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Vna Inc 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 Vna Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with latest revenue of $51,441,113. This suggests either that executive compensation is not paid, or it is categorized under other expense lines, requiring further investigation of the full 990 forms for clarity.
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 Vna Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for a large organization, potentially obscuring executive pay.
- Significant asset decrease of approximately $16.8 million between 202109 and 202209 without immediate explanation.
- Deficit spending in 202209 where expenses ($45,843,636) exceeded revenue ($41,824,646).
Strengths
The following positive indicators were identified for Granite Vna Inc:
- Consistent revenue generation, with latest revenue at $51,441,113.
- Long history of IRS 990 filings (12 filings), indicating strong compliance and transparency.
- Generally stable financial health with surpluses in most reporting periods, demonstrating good financial management.
- Substantial asset base, reaching $55,185,431 in 202309, providing financial stability.
Frequently Asked Questions about Granite Vna Inc
Is Granite Vna Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Granite Vna Inc (EIN: 20222122) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Granite Vna Inc spend its money?
Granite Vna Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Granite Vna Inc tax-deductible?
Granite Vna Inc is registered as a tax-exempt nonprofit (EIN: 20222122). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Granite Vna Inc CEO make?
Granite Vna Inc's highest-compensated officer earns $51,441,113. annually. The organization reported $49.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Granite Vna Inc's spending goes to programs?
Granite Vna Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Granite Vna Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Granite Vna Inc is above average for NTEE category E92Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Granite Vna Inc located?
Granite Vna Inc is headquartered in Concord, New Hampshire and files with the IRS under EIN 20222122. It is classified under NTEE code E92Z.
How many years of IRS 990 filings does Granite Vna Inc have?
Granite Vna Inc has 12 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 $49.7M in total revenue.
Why is officer compensation consistently reported as 0% for an organization of this size?
The consistent reporting of 0% officer compensation across all 12 filings for an organization with over $50 million in revenue is highly unusual. This could indicate that compensation for top executives is reported under other expense categories (e.g., salaries and wages for all employees), or that the organization truly operates without paid officers, which is less common for an entity of this scale. A deeper dive into the full 990 forms, specifically Part VII, Section A, would be necessary to understand how executive compensation is handled.
What caused the significant decrease in assets from $68,541,110 in 202109 to $51,710,798 in 202209?
The substantial drop in assets by approximately $16.8 million between the 202109 and 202209 fiscal periods is a notable financial event. This could be due to significant capital expenditures, investment losses, or a reclassification of assets. Further analysis of the organization's balance sheet and statement of functional expenses in those specific filings would be required to pinpoint the exact reasons for this change.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of how expenses are allocated among programs, administration, and fundraising. While a general spending breakdown is estimated, a precise understanding of the organization's efficiency in delivering its mission would require reviewing Part IX of the IRS Form 990, 'Statement of Functional Expenses,' to see the actual percentages.
Filing History
IRS 990 filing history for Granite Vna Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Granite Vna Inc's revenue has grown by 108.2%, moving from $24.7M to $51.4M. Total assets increased by 120.1% over the same period, from $25.1M to $55.2M. Total functional expenses rose by 110.3%, from $23.4M to $49.1M. In its most recent filing year (2023), Granite Vna Inc reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $4.5M in liabilities against $55.2M in assets (debt-to-asset ratio: 8.1%), resulting in net assets of $50.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51.4M | $49.1M | $55.2M | $4.5M | — | — |
| 2022 | $41.8M | $45.8M | $51.7M | $4.2M | — | View 990 |
| 2021 | $48.5M | $42.0M | $68.5M | $8.6M | — | View 990 |
| 2020 | $34.5M | $36.6M | $51.5M | $18.4M | — | View 990 |
| 2019 | $33.5M | $35.2M | $37.8M | $4.2M | — | View 990 |
| 2018 | $33.8M | $33.6M | $39.3M | $4.3M | — | View 990 |
| 2017 | $34.7M | $32.2M | $37.4M | $4.3M | — | View 990 |
| 2016 | $30.6M | $29.9M | $33.8M | $3.8M | — | View 990 |
| 2015 | $29.8M | $28.5M | $31.6M | $3.5M | — | View 990 |
| 2014 | $30.0M | $26.2M | $31.4M | $3.7M | — | View 990 |
| 2013 | $25.1M | $23.9M | $27.0M | $2.9M | — | View 990 |
| 2012 | $24.7M | $23.4M | $25.1M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51.4M, expenses of $49.1M, and assets of $55.2M (revenue +23.0% year-over-year).
- 2022: Revenue of $41.8M, expenses of $45.8M, and assets of $51.7M (revenue -13.7% year-over-year).
- 2021: Revenue of $48.5M, expenses of $42.0M, and assets of $68.5M (revenue +40.5% year-over-year).
- 2020: Revenue of $34.5M, expenses of $36.6M, and assets of $51.5M (revenue +3.0% year-over-year).
- 2019: Revenue of $33.5M, expenses of $35.2M, and assets of $37.8M (revenue -1.1% year-over-year).
- 2018: Revenue of $33.8M, expenses of $33.6M, and assets of $39.3M (revenue -2.6% year-over-year).
- 2017: Revenue of $34.7M, expenses of $32.2M, and assets of $37.4M (revenue +13.5% year-over-year).
- 2016: Revenue of $30.6M, expenses of $29.9M, and assets of $33.8M (revenue +2.7% year-over-year).
- 2015: Revenue of $29.8M, expenses of $28.5M, and assets of $31.6M (revenue -0.7% year-over-year).
- 2014: Revenue of $30.0M, expenses of $26.2M, and assets of $31.4M (revenue +19.5% year-over-year).
- 2013: Revenue of $25.1M, expenses of $23.9M, and assets of $27.0M (revenue +1.6% year-over-year).
- 2012: Revenue of $24.7M, expenses of $23.4M, and assets of $25.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Granite Vna Inc:
Data Sources and Methodology
This transparency report for Granite Vna Inc 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.