B — EducationEIN: 020368776

Granite Edvance Corporation

Concord, New Hampshire

BHealth Score
61B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

How This Organization Compares

Compared to 73 peers in Education with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org4.90×
Peer Median9.48×
💰
$61.7M
Total Revenue
📊
$60.4M
Total Expenses
🏦
$296.3M
Net Assets
📋
$619.5M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+2.8%
Year-over-year change (2022 → 2023)
Net Margin
+2.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
4.90
Net assets divided by total expenses
Liabilities-to-Assets
67.6%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$61,725,667↑3%$60,413,588↑15%$915,716,327↓1%
2022$60,034,018↓20%$52,511,711↓15%$928,313,847↑2%
2021$75,110,962↑37%$62,096,640↑11%$910,620,336↑5%
2020$54,814,259$56,076,554↑5%$867,907,952↑12%
2019$54,774,294↑14%$53,581,370↑22%$772,977,645↑12%
2018$48,139,019↑18%$43,835,663↑17%$693,191,534↑4%
2017$40,637,789↑6%$37,548,859↑5%$665,247,990↓9%
2016$38,301,361↓6%$35,859,899↑2%$728,918,980↓3%
2015$40,569,011↓5%$35,302,496↓11%$747,726,832↓9%
2014$42,889,133↓15%$39,557,862↓16%$824,702,305↓10%
2013$50,579,793↓3%$47,179,986↓9%$911,607,505↓10%
2012$51,938,026↓65%$52,051,091↓10%$1,016,677,936↓12%
2011$146,632,146$58,004,696$1,160,116,531

Frequently Asked Questions

What does Granite Edvance Corporation do?▼

Granite Edvance Corporation is a education nonprofit organization based in New Hampshire. It is classified under NTEE code B820 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Granite Edvance Corporation financially healthy?▼

Based on our 9-metric Financial Health Score model, Granite Edvance Corporation has a score of 61/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Granite Edvance Corporation generate?▼

Granite Edvance Corporation reports $61.2M in annual revenue and holds $912.8M in total assets, based on IRS filings.

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