HANOVER HOSE CO NO 1 INC (EIN 510191648) - 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

1962

Legal Domicile

Principal Officer

STEVE E PETERS

Tax Period

2025-01-01 to 2025-12-31

HANOVER HOSE CO NO 1 INC, founded in 1962, is a micro nonprofit in the Public Safety sector that reported $40K in total revenue in fiscal year 2025. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $75K exceeded revenue, resulting in a 88% operating deficit.

Mission

PROVIDE VOLUNTEER FIREMEN'S SERVICES TO TOWN OF HANOVER AND SURROUNDING COMMUNITIES AS NEEDED.

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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 (2025)

Revenue Breakdown

Contributions & Grants $33,581

Program Service Revenue $4,632

Investment Income $1,574

Other Revenue $0

TOTAL REVENUE $39,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,856

Other Expenses $74,856

TOTAL EXPENSES $74,856

Year-over-Year Comparison

	2025	2024	Change
Revenue	$39,787	$83,065	-0.5%
Expenses	$74,856	$89,616	-0.2%
Net Income	$-35,069	$-6,551	+4.4%

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
PAUL HARVEY	DIRECTOR	N/A	Director	$0	$0	$0
LON ROBINSON	DIRECTOR	N/A	Director	$0	$0	$0
MARK WOLF	DIRECTOR	N/A	Director	$0	$0	$0
STEVE E PETERS	TREASURER	N/A	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
2025	$39,787	$74,856	$328,688	$-35,069
2024	$83,065	$89,616	$363,757	$-6,551
2023	$77,671	$101,403	$370,308	$-23,732
2022	$88,883	$78,301	$394,040	$10,582
2021	$72,221	$63,749	$383,458	$8,472
2020	$72,695	$54,535	$374,986	$18,160
2019	$81,864	$59,708	$356,826	$22,156
2018	$69,840	$63,401	$399,145	$6,439

HANOVER HOSE CO NO 1 INC