HANCOCK RESOURCE CENTER (EIN 263648017) - 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

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.

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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 $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

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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

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

HANCOCK RESOURCE CENTER