HANOVER ASSOCIATION OF BUSINESSES AND CHAMBER OF COMMERCE (EIN 541148587) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

DOUG MAYS

Phone

8047988130

Tax Period

2025-01-01 to 2025-12-31

HANOVER ASSOCIATION OF BUSINESSES AND CHAMBER OF COMMERCE, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $221K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $189K left a modest 14% surplus.

Mission

PROMOTING A STRONG COMMUNITY, RESPONSIBLE GROWTH AND DYNAMIC BUSINESS THROUGH RELEVANT PROGRAMMING, INFORMATION SHARING AND NETWORK-BUILDING.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $180,536

Program Service Revenue $70,245

Investment Income $557

Other Revenue $47,998

TOTAL REVENUE $299,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,503

Fundraising Expenses $0

Other Expenses $132,057

TOTAL EXPENSES $270,560

Year-over-Year Comparison

	2025	2024	Change
Revenue	$299,336	$220,523	+0.4%
Expenses	$270,560	$188,988	+0.4%
Net Income	$28,776	$31,535	-0.1%

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

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
MEGAN UNDERWOOD	PRESIDENT	1.00	Officer Director	$0	$0	$0
STACEY SPEAR	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DOUG MAYS	TREASURER	1.00	Officer Director	$0	$0	$0
LAURIE URSINY	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
EDEN ARTHUR	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BAMFORD	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY BROYLES	DIRECTOR	1.00	Director	$0	$0	$0
ANETRA BYRD	DIRECTOR	1.00	Director	$0	$0	$0
NIKI DESANTIS	DIRECTOR	1.00	Director	$0	$0	$0
TONI GUTHRIE	DIRECTOR	1.00	Director	$0	$0	$0
JACOB HOLLINGSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
TRACY JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
GRADY LARSEN	DIRECTOR	1.00	Director	$0	$0	$0
JEAN POLLARD	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON SHAW	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN SHURM	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
2025	$299,336	$270,560	$109,357	$28,776
2024	$220,523	$188,988	$84,410	$31,535

HANOVER ASSOCIATION OF BUSINESSES AND CHAMBER OF COMMERCE