HANOVER HOME ASSOCIATION (EIN 230670840) - 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

1933

Legal Domicile

Principal Officer

JENNIFER TIMMINS

Phone

7176325212

Tax Period

2024-01-01 to 2024-12-31

HANOVER HOME ASSOCIATION, founded in 1933, is a small nonprofit that reported $904K in total revenue in fiscal year 2024. The organization ran a surplus of $149K, a strong 16% operating margin.

Mission

THE PURPOSE OF THE CLUB IS TO PROVIDE A PLACE FOR THE MEMBERSHIP TO SHARE CAMARADERIE AND THE FRIENDSHIP OF FELLOW MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $28,675

Investment Income $20,409

Other Revenue $855,168

TOTAL REVENUE $904,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $403,973

Fundraising Expenses $0

Program Expenses $755,417

Other Expenses $351,444

TOTAL EXPENSES $755,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$904,252	$923,036	0.0%
Expenses	$755,417	$708,727	+0.1%
Net Income	$148,835	$214,309	-0.3%

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

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

$14,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MANDY BULLOCK	TREASURER	4.00	Officer	$7,200	$0	$7,200
SHERRI SMALL	SECRETARY	4.00	Officer	$7,200	$0	$7,200
KENNETH BAKER	DIRECTOR	0.00	Director	$0	$0	$0
RICCO LOMBARDI	DIRECTOR	0.00	Director	$0	$0	$0
LARRY SMITH	DIRECTOR	0.00	Director	$0	$0	$0
CARL KNAUB	VICE PRESIDE	0.00	Officer	$0	$0	$0
JENNIFER TIMMINS	PRESIDENT	0.00	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	$904,252	$755,417	$1,315,493	$148,835
2023	$923,036	$708,727	$1,167,829	$214,309
2022	$849,313	$692,236	$958,978	$157,077
2021	$583,542	$542,670	$604,761	$40,872
2021	$930,161	$542,670	$795,235	$387,491
2020	$333,962	$454,360	$480,248	$-120,398
2019	$820,269	$819,171	$532,763	$1,098
2018	$818,668	$842,999	$528,025	$-24,331

HANOVER HOME ASSOCIATION