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Filing year 2023

GRANITE GROUP INSURANCE TRUST

Barre, Vermont·EIN 03-0210827·501(c)(9)
Total revenue
$17M
Total assets
$3.5M
Total expenses
$15.2M
Reported officers
9
Mission

PROVIDES MEDICAL, DENTAL, VISION, LIFE, AND DISABILITY INSURANCE COVERAGES FOR MEMBER EMPLOYERS AND EMPLOYEES. WE ARE SIGNATURE TO A COLLECTIVE BARGAINING AGREEMENT. THE TRUST ALSO PROVIDES MEDICARE SUPPLEMENT PLAN COVERAGES FOR RETIRED MEMBERS.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Treasurer
25th percentile to median
$75k
$83k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Down 8%
from 2022

From $81k in 2022 to $75k in 2023.

$81k
2022
$75k
2023
In today's dollarsEst.
Down 11% in real terms$94k to $83k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Financial Officer pay fell 8% from 2022 to 2023, while revenue rose 7%.

$81k in 2022 to $75k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

GRANITE GROUP INSURANCE TRUST reported revenue and expenses across 2 filing years.

RevenueExpenses
$16M
$16.4M
2022
$17M
$15.2M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about GRANITE GROUP INSURANCE TRUST

What does the Chief Financial Officer of GRANITE GROUP INSURANCE TRUST earn?

In 2023, the Chief Financial Officer of GRANITE GROUP INSURANCE TRUST received $74,685 in total compensation. This pay is below the median (the midpoint) for Chief Financial Officer roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Financial Officer pay at GRANITE GROUP INSURANCE TRUST compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Financial Officer at GRANITE GROUP INSURANCE TRUST falls between the 25th percentile and the median.

What are GRANITE GROUP INSURANCE TRUST's revenue and expenses?

In 2023, GRANITE GROUP INSURANCE TRUST reported $17M in total revenue and $15.2M in total expenses on its IRS Form 990.

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