BEducationEIN: 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$61,725,6673%$60,413,58815%$915,716,3271%
2022$60,034,01820%$52,511,71115%$928,313,8472%
2021$75,110,96237%$62,096,64011%$910,620,3365%
2020$54,814,259$56,076,5545%$867,907,95212%
2019$54,774,29414%$53,581,37022%$772,977,64512%
2018$48,139,01918%$43,835,66317%$693,191,5344%
2017$40,637,7896%$37,548,8595%$665,247,9909%
2016$38,301,3616%$35,859,8992%$728,918,9803%
2015$40,569,0115%$35,302,49611%$747,726,8329%
2014$42,889,13315%$39,557,86216%$824,702,30510%
2013$50,579,7933%$47,179,9869%$911,607,50510%
2012$51,938,02665%$52,051,09110%$1,016,677,93612%
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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