HANCOCK PARTNERS INC

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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

2003

Legal Domicile

Principal Officer

JEFF SKELDING

Phone

6072878362

Tax Period

2024-01-01 to 2024-12-31

HANCOCK PARTNERS INC, founded in 2003, is a small nonprofit in the Recreation & Sports sector that reported $112K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $157K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROMOTE ECONOMIC AND SOCIAL GROWTH OF THE GREATER HANCOCK, NEW YORK AREA.

Program Service Accomplishments

Program 1

Expenses: $99,731 Revenue: $6,023

TO INCREASE PRIVATE AND PUBLIC INVESTMENT IN THE COMMUNITY, REDUCE VACANT STOREFRONTS, MAKE LOCAL BUSINESS MORE PROFITABLE, AND MAKE HANCOCK MORE APPEALING TO LIVE AND SHOP.

Program 2

Revenue: $72,400

TO INTRODUCE AND SOLICIT PARTICIPATION IN A PROGRAM TO HELP HANCOCK BECOME A PLACE THAT ATTRACTS PEOPLE, BUSINESSES, AND TOURISTS.

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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 $104,142

Program Service Revenue $5,984

Investment Income $2,284

Other Revenue $39

TOTAL REVENUE $112,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,731

Other Expenses $156,788

TOTAL EXPENSES $156,788

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,449	$90,076	+0.2%
Expenses	$156,788	$155,914	+0.0%
Net Income	$-44,339	$-65,838	-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

N/A

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
MIKE ARGIROS	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRIS GROSS	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
JEFF SKELDING	SECRETARY	0.50	Officer Director	$0	$0	$0
RUSSELL BASS	TREASURER	0.50	Officer Director	$0	$0	$0
JERRY DABRESCIA	MEMBER AT LARGE	0.50	Director	$0	$0	$0
DAWN JOYCE	MEMBER AT LARGE	0.50	Director	$0	$0	$0
CHRIS DUBOIS	MEMBER AT LARGE	0.50	Director	$0	$0	$0
RONALD SCHAEFER	MEMBER AT LARGE	0.50	Director	$0	$0	$0
ROBERT SINTICH	MEMBER AT LARGE	0.50	Director	$0	$0	$0
ELAINE GEORGE	MEMBER AT LARGE	0.50	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
2024	$112,449	$156,788	$530,365	$-44,339
2023	$90,076	$155,914	$575,579	$-65,838
2022	$87,661	$130,390	$644,162	$-42,729
2021	$113,429	$149,697	$667,758	$-36,268
2020	$78,612	$95,633	$641,639	$-17,021
2019	$32,785	$83,335	$722,481	$-50,550
2018	$58,593	$98,368	$706,292	$-39,775