HANOVER ADULT CENTER INC

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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

1980

Legal Domicile

Principal Officer

DIANE DILLARD

Phone

8047460743

Tax Period

2023-07-01 to 2024-06-30

HANOVER ADULT CENTER INC, founded in 1980, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 3% surplus.

Mission

HANOVER ADULT CENTER IS A PRIVATE, NON PROFIT, COMMUNITY BASED PROGRAM THAT PROVIDES CARE FOR ADULTS OF ALL AGES WIHT SPECIAL NEEDS. THE ADULT DAY HEALTH SERVICES PROGRAM PROVIDES RELIABLE HEALTH CARE AND COMPANIONSHIP FOR ADULTS WHO NEED ASSISTANCE AND/OR SUPERVISION DURING THE DAY. THE LINKING LIVES MISSION IS TO PROVIDE A SUCCESS ORIENTED ENVIRONMENT THAT ENABLES ADULTS WITH INTELLECTUAL DISABILITIES TO ACHIEVE AND MAINTAIN RESPECT WITHIN THE COMMUNITY SETTING.

Program Service Accomplishments

Program 1

Expenses: $521,879 Revenue: $538,279

ADULT DAY CARE SERVICES, INCLUDING MEALS, ARE FURNISHED TO BETWEEN 20 AND 30 PARTICPANTS.

Program 2

Expenses: $730,550 Revenue: $807,418

PROVIDES AN ENVIRONMNENT WHERE INTELLECTUALLY DISABLED INDIVIDUALS CAN INTERACT WITH THEIR PEERS AND THE COMMUNITY. COORDINATES RECREATIONAL ACTIVITIES AND OPPORTUNTIES FOR SKILL BUILDING.

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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 $54,841

Program Service Revenue $1,345,697

Investment Income $12,868

Other Revenue $0

TOTAL REVENUE $1,413,406

Expense Breakdown

Grants Paid $38,648

Salaries & Benefits $1,012,394

Fundraising Expenses $0

Program Expenses $1,252,429

Other Expenses $315,439

TOTAL EXPENSES $1,366,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,413,406	$1,408,680	+0.0%
Expenses	$1,366,481	$1,307,060	+0.0%
Net Income	$46,925	$101,620	-0.5%

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

$105,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE DILLARD	EXECUTIVE DI	40.00	Officer	$98,900	$6,804	$105,704
REGINA BAKER TATE	PRESIDENT	N/A	Officer Director	$0	$0	$0
LINDA GAY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KATHY BERRY	SECRETARY	N/A	Officer Director	$0	$0	$0
JEFF UNDERDOWN	TREASURER	N/A	Officer Director	$0	$0	$0
BARRY BLAND	PAST PRESIDE	N/A	Director	$0	$0	$0
LORI HARRIS	DIRECTOR	N/A	Director	$0	$0	$0
JOSLYNN PERRY	DIRECTOR	N/A	Director	$0	$0	$0
DEBBIE PRESTON	DIRECTOR	N/A	Director	$0	$0	$0
DONALD ROZELL	DIRECTOR	N/A	Director	$0	$0	$0
MAUREEN UERZ	DIRECTOR	N/A	Director	$0	$0	$0
JACKIE DROUJINSKY	DIRECTOR	N/A	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
2025	No data	No data	No data	No data
2024	$1,413,406	$1,366,481	$1,145,250	$46,925
2023	$1,408,680	$1,307,060	$1,120,752	$101,620
2022	$1,091,546	$1,046,909	$676,541	$44,637
2021	$982,626	$755,993	$627,466	$226,633
2020	$829,778	$810,176	$390,315	$19,602
2019	$857,720	$835,682	$355,423	$22,038