HANOVER TAVERN FOUNDATION

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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

1990

Legal Domicile

Principal Officer

DAVID DEAL

Phone

8045375050

Tax Period

2024-01-01 to 2024-12-31

HANOVER TAVERN FOUNDATION, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $395K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $626K exceeded revenue, resulting in a 58% operating deficit.

Mission

TO PRESERVE, INTERPRET, AND UTILIZE HANOVER TAVERN AS AN HISTORIC, EDUCATIONAL, COMMUNITY AND CULTURAL RESOURCE CENTER FOR THE ENJOYMENT OF ALL.

Program Service Accomplishments

Program 1

Expenses: $377,676 Revenue: $23,398

CONTINUE EXHIBITS, HISTORIC TOURS, SPEAKERS SERIES, FAMILY EVENTS AND EDUCATIONAL PROGRAMMING.

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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 $304,158

Program Service Revenue $23,398

Investment Income $33,250

Other Revenue $34,233

TOTAL REVENUE $395,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,192

Fundraising Expenses $121,672

Program Expenses $377,676

Other Expenses $448,829

TOTAL EXPENSES $626,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$395,039	$480,545	-0.2%
Expenses	$626,021	$579,446	+0.1%
Net Income	$-230,982	$-98,901	+1.3%

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

$114,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD W AXSELLE	DIRECTOR	1.00	Director	$0	$0	$0
CATHARYNE BACH	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BRAD BRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CALL	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN M DILLS	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA GILMAN	DIRECTOR	1.00	Director	$0	$0	$0
TONI GORVEATT	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS C HEBERT	DIRECTOR	1.00	Director	$0	$0	$0
BETH HOULIHAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT L HUNDLEY JR	DIRECTOR	1.00	Director	$0	$0	$0
EARL J HUNTER JR	DIRECTOR	1.00	Director	$0	$0	$0
JAMES ISAACS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN C JACOBY	DIRECTOR	1.00	Director	$0	$0	$0
ALPHINE W JEFFERSON	DIRECTOR	1.00	Director	$0	$0	$0
C J LINDEMANN	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN PAYNE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID R RUTH	DIRECTOR	1.00	Director	$0	$0	$0
JASON T SCHOOLS	DIRECTOR	1.00	Director	$0	$0	$0
MARK SUSNIS	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE T TENNENT	DIRECTOR	1.00	Director	$0	$0	$0
JACK F TORZA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN JACK TRAMMELL	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER WILSON	DIRECTOR	1.00	Director	$0	$0	$0
MAURICE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD J DENECKER JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID W FULLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROLYN R PEART	SECRETARY	1.00	Officer Director	$0	$0	$0
FRANK B BRADLEY III	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID DEAL	EXECUTIVE DIRECTOR	40.00	Officer	$114,000	$0	$114,000

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	$395,039	$626,021	$4,776,065	$-230,982
2023	$480,545	$579,446	$4,898,834	$-98,901
2022	$507,119	$571,818	$5,007,435	$-64,699
2021	$608,618	$501,354	$5,050,827	$107,264
2020	$355,143	$509,631	$4,915,364	$-154,488
2019	$561,013	$572,349	$5,069,241	$-11,336
2018	$486,564	$743,765	$5,075,703	$-257,201