HANOVER PERMANENT SCHOLARSHIP FUND INC (EIN 042625836) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

SUSAN HANNIGAN

Phone

7818262753

Tax Period

2022-07-01 to 2023-06-30

HANOVER PERMANENT SCHOLARSHIP FUND INC, founded in 1977, is a micro nonprofit in the Education sector that reported $76K in total revenue in fiscal year 2022. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $27K, a strong 35% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS FROM HANOVER, MA

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $23,619

Program Service Revenue $0

Investment Income $52,632

Other Revenue $0

TOTAL REVENUE $76,251

Expense Breakdown

Grants Paid $37,941

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,244

Other Expenses $11,653

TOTAL EXPENSES $49,594

Year-over-Year Comparison

	2022	2021	Change
Revenue	$76,251	$106,865	-0.3%
Expenses	$49,594	$52,545	-0.1%
Net Income	$26,657	$54,320	-0.5%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY LAWRENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL MOLONGOSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
HEIDI DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW FERRON	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN FLEMING	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE MANNA	PRESIDENT	2.00	Officer	$0	$0	$0
SUSAN HANNIGAN	TREASURER	2.00	Officer	$0	$0	$0
CHRISTINA STEWART	VICE PRESIDENT	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$76,251	$49,594	$1,018,713	$26,657
2022	$106,865	$52,545	$992,055	$54,320
2021	$106,524	$55,277	$937,735	$51,247
2020	$83,239	$52,636	$886,488	$30,603
2019	$59,512	$54,113	$855,885	$5,399
2018	$81,768	$49,771	$850,486	$31,997

HANOVER PERMANENT SCHOLARSHIP FUND INC