HANCOCK RESOURCE CENTER

🔒

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

2009

Legal Domicile

Principal Officer

RHONDA RHODES

Phone

2284638887

Tax Period

2024-07-01 to 2025-06-30

HANCOCK RESOURCE CENTER, founded in 2009, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

THE HANCOCK RESOURCE CENTER WORKS TO STABILIZE FAMILIES AND STRENGTHEN THE COMMUNITY. OUR MISSION IS ACCOMPLISHED BY ADDRESSING OBSTACLES AND BARRIERS TO HOUSING AND COORDINATING SERVICES FOR FAMILIES IN NEED.

Program Service Accomplishments

Program 1

Expenses: $1,393,029 Revenue: $1,442,245

CASE MANAGEMENT AND COUNSELING SERVICES: THE ORGANIZATION PROVIDES COUNSELING SERVICES AS PART OF MOST GRANT PROGRAMS; AND IN SOME CASES INDIVIDUALLY. SERVICES INCLUDE; HOME OWNERSHIP COUNSELING...

CASE MANAGEMENT AND COUNSELING SERVICES: THE ORGANIZATION PROVIDES COUNSELING SERVICES AS PART OF MOST GRANT PROGRAMS; AND IN SOME CASES INDIVIDUALLY. SERVICES INCLUDE; HOME OWNERSHIP COUNSELING, HOMEBUYER EDUCATION, HOUSEHOLD MANAGMENT, HOMELESSNESS PREVENTION, FORECLOSURE COUNSELING, AND EMPLOYMENT COUNSELING AND COMMUNITY EDUCATION PROGRAMS. MOST INDIVIDUALS RECEIVING THESE SERVICES HAVE LOW TO MODERATE INCOME LEVELS.

Program 2

Expenses: $533,943 Revenue: $542,311

OWNER OCCUPIED REHABILITATION: USING PREDETERMINED CRITERIA, HRC DETERMINES ELIGIBILITY OF INDIVIDUALS AND FAMILIES THAT NEED ASSISTANCE FOR LONG-TERM HOUSING STABILITY, SECURITY AND SAFETY. PROGRAMS INCLUDE HOME REHABILITATION AND WEATHERIZATION. SERVICES MAY BE IN THE FORM OF CASE MANAGMENT, CONSTRUCTION SCOPE DEFINITION AND ESTIMATION, CONSTRUCTION COORDINATION AND VOLUNTEER MANAGEMENT AND DIRECT ASSISTANCE, AND HOUSING ASSISTANCE.

Program 3

Expenses: $43,632 Revenue: $50,062

COMMUNITY DEVELOPMENT: THE CENTER SEEKS TO IMPROVE THE MORALE OF THE COMMUNITY, INCREASE THE VALUE OF NEIGHBORHOODS AND PROIDE HEALTHIER ENVIRONMENTS FOR QUALITY LIVING. SPECIAL DEVELOPMENT SERVICES...

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $2,250,809

Program Service Revenue $24,423

Investment Income $0

Other Revenue $59,010

TOTAL REVENUE $2,334,242

Expense Breakdown

Grants Paid $337,175

Salaries & Benefits $1,072,594

Fundraising Expenses $56,858

Program Expenses $1,970,604

Other Expenses $925,151

TOTAL EXPENSES $2,334,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,334,242	$1,852,460	+0.3%
Expenses	$2,334,920	$1,859,370	+0.3%
Net Income	$-678	$-6,910	-0.9%

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

Volunteers

120

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

$111,215

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY BETH BENVENUTTI	CHAIRPERSON	4.00	Officer Director	$0	$0	$0
BLAIR WELBORN	VICE-CHAIRPE	2.00	Officer Director	$0	$0	$0
JAMES NOEL GRAFE	TREASURER	2.00	Officer Director	$0	$0	$0
JEREMY COMPRETTA	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY MCDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
TISH WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN HICKS	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
GWYN ROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
MAEGAN HERRON	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY FORE	BOARD MEMBER	1.00	Director	$0	$0	$0
RHONDA RHODES	PRESIDENT	36.00	Officer	$111,215	$0	$111,215

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
2025	$2,334,242	$2,334,920	$644,700	$-678
2024	$1,852,460	$1,859,370	$341,109	$-6,910
2023	$1,968,027	$1,968,435	$431,887	$-408
2022	$2,260,359	$2,071,991	$408,019	$188,368
2020	$1,503,760	$1,670,570	$372,636	$-166,810
2019	$1,193,410	$1,237,043	$189,045	$-43,633
2018	$1,255,156	$1,242,030	$210,131	$13,126