HOBAN TRUST FUND INC (EIN 341204223) - 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

1978

Legal Domicile

Principal Officer

STEVEN A DIMENGO

Phone

3307736658

Tax Period

2024-01-01 to 2024-12-31

HOBAN TRUST FUND INC, founded in 1978, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $332K, a strong 30% operating margin.

Mission

SUPPORT SCHOLASTIC PROGRAMS AND PROVIDE SCHOLARSHIPS FOR STUDENTS AT ARCHBISHOP HOBAN HIGH SCHOOL.

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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 $482,603

Program Service Revenue $0

Investment Income $616,753

Other Revenue $0

TOTAL REVENUE $1,099,356

Expense Breakdown

Grants Paid $740,166

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $740,166

Other Expenses $27,176

TOTAL EXPENSES $767,342

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,099,356	$868,612	+0.3%
Expenses	$767,342	$700,217	+0.1%
Net Income	$332,014	$168,395	+1.0%

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

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

$218,284

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS DIMAURO	TRUSTEE, PRESIDENT HOBAN	0.20	Director	$0	$19,853	$218,284
STEVEN A DIMENGO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BR JAMES SPOONER	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW SPRUNGLE	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN DECENZO	TRUSTEE	0.20	Director	$0	$0	$0
STEVE HAMMERSMITH	TRUSTEE	0.20	Director	$0	$0	$0
DAVID KUNCE	TRUSTEE	0.20	Director	$0	$0	$0
ALICE LUSE	TRUSTEE	0.20	Director	$0	$0	$0
JAMES MCCOOL	TRUSTEE	0.20	Director	$0	$0	$0
JOE MORRIS	TRUSTEE	0.20	Director	$0	$0	$0
CHARLIE PETER	TRUSTEE	0.20	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	$1,099,356	$767,342	$16,047,452	$332,014
2023	$868,612	$700,217	$14,589,155	$168,395
2022	$1,075,782	$705,721	$13,078,356	$370,061
2021	$1,163,621	$647,770	$15,251,807	$515,851
2020	$717,008	$597,429	$13,255,542	$119,579
2019	$862,219	$547,069	$12,370,712	$315,150
2018	$675,492	$529,118	$10,753,122	$146,374

HOBAN TRUST FUND INC