HANOVER ATHLETIC ASSOCIATION INC (EIN 411496335) - 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

1969

Legal Domicile

Principal Officer

STAN KOLASA

Phone

6122699934

Tax Period

2023-01-01 to 2023-12-31

HANOVER ATHLETIC ASSOCIATION INC, founded in 1969, is a micro nonprofit in the Recreation & Sports sector that reported $52K in total revenue in fiscal year 2023. Revenue surged 209% from the prior year, signaling strong growth momentum. Net assets of $373K represent 86 months of operating reserves.

Mission

THE ORGANIZATIONS MISSION IS TO PROVIDE YOUTH ACTIVITIES AND MAINTAIN FACILITIES FOR YOUTH ACTIVITIES.

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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 $40,400

Program Service Revenue $0

Investment Income $406

Other Revenue $11,408

TOTAL REVENUE $52,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,359

Other Expenses $52,696

TOTAL EXPENSES $52,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,214	$16,880	+2.1%
Expenses	$52,696	$51,836	+0.0%
Net Income	$-482	$-34,956	-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

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
RYAN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
STAN KOLASA	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT KOSLOSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
BRENDON PETERSON	TREASURER	2.00	Officer Director	$0	$0	$0
BILL ROSSO	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DEREK ROSSO	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG SANDBERG	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$52,214	$52,696	$457,557	$-482
2022	$16,880	$51,836	$450,120	$-34,956
2021	$94,427	$43,757	$467,143	$50,670
2020	$72,532	$40,904	$362,928	$31,628
2019	$766	$45,231	$354,731	$-44,465

HANOVER ATHLETIC ASSOCIATION INC