HANOVER COUNTY CLEAN TECHNOLOGY INNOVATION CENTER (EIN 271229777) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

BRANDON TURNER

Phone

8046773885

Tax Period

2024-07-01 to 2025-06-30

HANOVER COUNTY CLEAN TECHNOLOGY INNOVATION CENTER, founded in 2021, is a micro nonprofit in the Environment sector that reported $12K in total revenue in fiscal year 2020. Expenses of $78K exceeded revenue, resulting in a 535% operating deficit.

Mission

TO SUPPORT THE INNOVATIONS NEEDED TO ACHIEVE A NET-ZERO CARBON ECONOMY

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $537,000

Program Service Revenue $51,169

Investment Income $11,882

Other Revenue $0

TOTAL REVENUE $600,051

Expense Breakdown

Grants Paid $63,684

Salaries & Benefits $121,234

Fundraising Expenses $29,507

Program Expenses $440,742

Other Expenses $519,104

TOTAL EXPENSES $704,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$600,051	$367,129	+0.6%
Expenses	$704,022	$290,119	+1.4%
Net Income	$-103,971	$77,010	-2.4%

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

N/A

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
EMIL AVRAM	BOARD MEMBER	1.00	Director	$0	$0	$0
DONTRESE BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH FARRRAR	TREASURER	1.00	Officer Director	$0	$0	$0
NATHAN FROST	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNN MCDANIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER MUHORO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCO RUBIN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDON TURNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
VIDA WILLIAMS	BOARD MEMBER	1.00	Director	$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
2025	$600,051	$704,022	$595,940	$-103,971
2023	$260,370	$248,181	$267,349	$12,189
2022	$288,972	$187,193	$254,168	$101,779
2021	$12,330	$78,263	$153,563	$-65,933

HANOVER COUNTY CLEAN TECHNOLOGY INNOVATION CENTER