HANOVER EDUCATION FOUNDATION (EIN 541573406) - 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

1989

Legal Domicile

Principal Officer

MARGARET HILL

Phone

8043654565

Tax Period

2022-07-01 to 2023-06-30

HANOVER EDUCATION FOUNDATION, founded in 1989, is a small nonprofit in the Education sector that reported $338K in total revenue in fiscal year 2018. Revenue decreased 19% compared to the prior year. Net assets of $3.8M represent 134 months of operating reserves.

Mission

TO ENHANCE EDUCATIONAL OPPORTUNITIES IN HANOVER COUNTY, VIRGINIA

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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 (2022)

Revenue Breakdown

Contributions & Grants $342,362

Program Service Revenue $0

Investment Income $233,019

Other Revenue $-32,546

TOTAL REVENUE $542,835

Expense Breakdown

Grants Paid $337,622

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $337,622

Other Expenses $59,049

TOTAL EXPENSES $396,671

Year-over-Year Comparison

	2022	2021	Change
Revenue	$542,835	$552,749	0.0%
Expenses	$396,671	$335,391	+0.2%
Net Income	$146,164	$217,358	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER A WOOD	PRESIDENT	1.00	Officer Director	$0	$0	$0
TREY HAYDEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KIMBERLEY B DAGES CPA	TREASURER	1.00	Officer Director	$0	$0	$0
KIM EPPS	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM AMOS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC S BATEMAN	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN CALDAS	DIRECTOR	1.00	Director	$0	$0	$0
GINNINA L EAKLE	DIRECTOR	1.00	Director	$0	$0	$0
LISA A MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
STACEY GILES	DIRECTOR	1.00	Director	$0	$0	$0
TRIP TRIBBLE	DIRECTOR	1.00	Director	$0	$0	$0
BETHANY PAINTER	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET HILL	EXECUTIVE DI	40.00	Officer	$0	$0	$0
STUART F SETTLE	DIRECTOR	1.00	Director	$0	$0	$0
DAVE WHITESIDE	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
2024	No data	No data	No data	No data
2023	$542,835	$396,671	$4,426,495	$146,164
2022	$552,749	$335,391	$4,181,076	$217,358
2021	$609,232	$279,936	$4,771,377	$329,296
2020	$585,857	$494,563	$3,831,915	$91,294
2019	$337,555	$356,503	$3,763,636	$-18,948

HANOVER EDUCATION FOUNDATION