Hanover Volunteer Fire Department (EIN 311029846) - 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

1957

Legal Domicile

Principal Officer

Christy George

Tax Period

2023-01-01 to 2023-12-31

Hanover Volunteer Fire Department, founded in 1957, is a small nonprofit in the Public Safety sector that reported $911K in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $432K, a strong 47% operating margin.

Mission

Fire, EMT, and Paramedic Services

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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 $28,375

Program Service Revenue $876,471

Investment Income $5,042

Other Revenue $1,289

TOTAL REVENUE $911,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,214

Fundraising Expenses $0

Program Expenses $388,650

Other Expenses $196,393

TOTAL EXPENSES $479,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$911,177	$469,281	+0.9%
Expenses	$479,607	$490,205	0.0%
Net Income	$431,570	$-20,924	-21.6%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Christy George	President	Officer	$0	$0	$0
Chris Mitchelll	Lieutenant	Officer	$0	$0	$0
Brian Oravec	Vice President	Officer	$0	$0	$0
Jerald Martin	Treasurer	Officer	$0	$0	$0
Samantha Perigo	Secretary	Officer	$0	$0	$0
Dalton Lee	Captain	Officer	$0	$0	$0
Brian Spellman	Chief	Officer	$0	$0	$0
Doug Brown	Captain	Officer	$0	$0	$0
Trent McArtor	Lieutenant	Officer	$0	$0	$0
Steve Gregory	EMS Captain	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	No data	No data	No data	No data
2023	$911,177	$479,607	$1,055,142	$431,570
2022	$469,281	$490,205	$738,634	$-20,924
2021	$495,608	$577,335	$829,540	$-81,727
2020	$579,552	$529,388	$905,111	$50,164
2019	$422,221	$453,086	$881,185	$-30,865
2018	$724,472	$670,604	$971,525	$53,868

Hanover Volunteer Fire Department