FRIENDS OF HANOVER CREW

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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

2007

Legal Domicile

Principal Officer

PETER KERMOND

Phone

6036432542

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF HANOVER CREW, founded in 2007, is a small nonprofit in the Recreation & Sports sector that reported $110K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $137K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE FRIENDS OF HANOVER CREW IS A GROUP OF PARENTS, COACHES, AND OTHERS WHO SUPPORT THE HANOVER, NH HIGH SCHOOL CREW PROGRAM THROUGH FUNDRAISING AND VOLUNTEER PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $109,498 Revenue: $64,076

THE FRIENDS OF HANOVER CREW CONTINUED TO FULFILL ITS MISSION TO RAISE MONEY TO SUPPORT THE LOCAL HANOVER HIGH SCHOOL ROWING TEAM, FUNDING EQUIPMENT, FACILITIES, AND OTHER NEEDS OF THE TEAM. THIS YEAR THE ORGANIZATION HOSTED 4 RACES FOR 7 VISITING TEAMS, INCLUDING APPROXIMATELY 1000 HIGH SCHOOL ATHLETES. IN 2024, FOHC PURCHASED TWO NEW SETS OF OARS AND A NEW VESPOLI 8 FOR TEAM USE.

Program 2

Expenses: $19,137 Revenue: $15,175

FULLINGTON FARMS SERVES AS THE HOME OF HANOVER CREW AND THE BASE FOR YOUTH AND COMMUNITY ROWING ON THE CONNECTICUT RIVER IN HANOVER, NH. THE FOHC BOATHOUSE PROVIDES RACK SPACE FOR THE HANOVER CREW...

FULLINGTON FARMS SERVES AS THE HOME OF HANOVER CREW AND THE BASE FOR YOUTH AND COMMUNITY ROWING ON THE CONNECTICUT RIVER IN HANOVER, NH. THE FOHC BOATHOUSE PROVIDES RACK SPACE FOR THE HANOVER CREW TEAM AS WELL AS FOR A FEW DOZEN ADULT AND JUNIOR SCULLERS FROM HANOVER, LEBANON AND THE SURROUNDING AREAS WHO STORE THEIR BOATS YEAR-ROUND, AND ROW IN THE SPRING, SUMMER AND FALL. FOHC CONTINUES TO WORK TO RENOVATE THE BARN SO THAT IT MAY BE USED FOR A TEAM GATHERING PLACE AS WELL AS WINTER STORAGE. FOHC INSTALLS AND REMOVES THE ROWING DOCK AND MAINTAINS WILSON'S LANDING. THIS AREA IS AVAIALABLE FOR USE BY THE PUBLIC FOR SWIMMING, SUNBATHING, LAUNCHING BOATS, AND FISHING FROM APRIL 1 TO NOVEMBER 1.

Program 3

Revenue: $29,202

DURING THE SUMMER, THE FRIENDS OF HANOVER CREW ONCE AGAIN JOINED TOGETHER AND FORMED A TEAM OF HIGH SCHOOL ROWERS, COACHES, PARENTS, FAMILY MEMBERS, AND SUPPORTERS TO RAISE MONEY TO SUPPORT CANCER...

DURING THE SUMMER, THE FRIENDS OF HANOVER CREW ONCE AGAIN JOINED TOGETHER AND FORMED A TEAM OF HIGH SCHOOL ROWERS, COACHES, PARENTS, FAMILY MEMBERS, AND SUPPORTERS TO RAISE MONEY TO SUPPORT CANCER RESEARCH IN THE ANNUAL PROUTY FUNDRAISING EVENT. EACH YEAR THIS IS A GREAT OUTREACH EVENT PROVIDING FIRST TIME PARTICIPANTS WITH AN INTRODUCTION TO ROWING WHILE SUPPORTING A GREAT CAUSE. SINCE 2007, WHEN THE FOHC FIRST PARTICIPATED IN THE PROUTY, IT HAS RAISED APPROXIMATELY 2 MILLION TO SUPPORT CANCER RESEARCH.

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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 $93,379

Program Service Revenue $15,175

Investment Income $1,521

Other Revenue $-101

TOTAL REVENUE $109,974

Expense Breakdown

Grants Paid $35,837

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $128,635

Other Expenses $100,883

TOTAL EXPENSES $136,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,974	$122,618	-0.1%
Expenses	$136,720	$188,491	-0.3%
Net Income	$-26,746	$-65,873	-0.6%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY CARTER	SECRETARY	2.00	Officer Director	$0	$0	$0
PETER KERMOND	TREASURER	2.00	Officer Director	$0	$0	$0
JULIE STEVENSON	DIRECTOR	2.00	Director	$0	$0	$0
FRED CRESSMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
ELI SNELLING	DIRECTOR	2.00	Director	$0	$0	$0
WIN PIPER	DIRECTOR	2.00	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
2024	$109,974	$136,720	$1,773,107	$-26,746
2023	$122,618	$188,491	$1,761,875	$-65,873
2022	$155,682	$132,539	$1,827,748	$23,143
2021	$138,762	$113,769	$1,804,605	$24,993
2020	$88,420	$104,365	$1,779,612	$-15,945
2019	$140,922	$148,792	$1,795,557	$-7,870
2018	$148,210	$135,789	$1,803,427	$12,421