HANOVER CHARITIES USA INC (EIN 263836362) - 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

JENNIFER FLANAGAN

Phone

7819297253

Tax Period

2023-11-01 to 2024-10-31

HANOVER CHARITIES USA INC, founded in 2009, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

CHARITABLE GIVING TO AID CHILDREN

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,012,353

Program Service Revenue $0

Investment Income $86

Other Revenue $0

TOTAL REVENUE $1,012,439

Expense Breakdown

Grants Paid $929,965

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,137,761

Other Expenses $226,356

TOTAL EXPENSES $1,156,321

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,012,439	$813,782	+0.2%
Expenses	$1,156,321	$674,142	+0.7%
Net Income	$-143,882	$139,640	-2.0%

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

N/A

Volunteers

100

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
AMY BERENSON	REGISTERED AGENT	1.00	Director	$0	$0	$0
RICHARD OHRSTROM	DIRECTOR	1.00	Director	$0	$0	$0
KATRIN CASSERLY	CHAIR	2.00	Officer	$0	$0	$0
JENNIFER I FLANAGAN	VICE CHAIR	2.00	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	$1,012,439	$1,156,321	$20,367	$-143,882
2023	$813,782	$674,142	$164,249	$139,640
2022	$705,070	$699,422	$24,609	$5,648
2021	$543,792	$564,608	$18,961	$-20,816
2020	$794,220	$822,858	$39,777	$-28,638
2019	$520,124	$605,891	$68,415	$-85,767
2018	$953,004	$942,610	$154,182	$10,394

HANOVER CHARITIES USA INC