HANOVER AREA CHAMBER OF COMMERCE (EIN 020406892) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

TRACY HUTCHINS

Phone

6034481203

Tax Period

2019-01-01 to 2019-12-31

HANOVER AREA CHAMBER OF COMMERCE, founded in 1977, is a small nonprofit that reported $176K in total revenue in fiscal year 2019. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $227K exceeded revenue, resulting in a 29% operating deficit.

Mission

HANOVER AREA CHAMBER OF COMMERCE (HACC) PROGRAMS AND SERVICES INCLUDE: 1) MARKETING AND PROMOTION, 2) NETWORKING OPPORTUNITIES, 3) ADVOCACY FOR BUSINESS INTERESTS AND 4) INFORMATION SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $53,044

Program Service Revenue $94,357

Investment Income $11

Other Revenue $28,922

TOTAL REVENUE $176,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,344

Fundraising Expenses $0

Program Expenses $196,226

Other Expenses $80,473

TOTAL EXPENSES $226,817

Year-over-Year Comparison

	2019	2018	Change
Revenue	$176,334	$262,406	-0.3%
Expenses	$226,817	$277,074	-0.2%
Net Income	$-50,483	$-14,668	+2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$103,517

Total Directors

$103,517

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY HUTCHINS	PRESIDENT	40.00	Officer Director	$93,250	$10,267	$103,517
JENNIFER PACKARD	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JENNIFER SNYDER	FIRST VICE-CHAIR	2.00	Officer Director	$0	$0	$0
MIKE PARISI	TREASURER	2.00	Officer Director	$0	$0	$0
MARY GIVEEN	SECRETARY	2.00	Officer Director	$0	$0	$0
TOM BRYNE	BOARD MEMBER	2.00	Director	$0	$0	$0
JOANNA WHITCOMB	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIA GRIFFIN	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD LEMAY	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL SCHELLER	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVE NEWLOVE	BOARD MEMBER	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2019	$176,334	$226,817	No data	$-50,483
2018	$262,406	$277,074	$62,483	$-14,668

HANOVER AREA CHAMBER OF COMMERCE