HANOVER TAVERN FOUNDATION

EIN: 541559861 501(c)(3) Arts, Culture & Humanities

HANOVER, VA

Total Revenue
$395,039
Total Expenses
$626,021
Total Assets
$4,776,065
Net Assets
$4,539,942
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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
VA
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 $487K in total revenue in fiscal year 2018. Revenue decreased 10% compared to the prior year. Expenses of $744K exceeded revenue, resulting in a 53% operating deficit.

Mission

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

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Trantor Score

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

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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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Governance

Voting Members
28
Independent Members
28
Employees
71
Volunteers
50

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
5
$114,000
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
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
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