HANCOCK COUNTY ASSESSMENT (EIN 610504098) - Form 990 Financial Analysis & Trantor Score

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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

1912

Legal Domicile

Principal Officer

JAMES HAGMAN

Tax Period

2024-01-01 to 2024-12-31

HANCOCK COUNTY ASSESSMENT, founded in 1912, is a small nonprofit that reported $156K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27K, a strong 17% operating margin.

Mission

THE DUES AND ASSESSMENTS OF THE PREMIUM IS TO CREATE A FUND TO PAY ALL LOSSES OF THE POLICY HOLDER AS WELL AS THE EXPENSE OF THE COMPANY. INTEREST RECEIVED IS USED FOR THE SAME AS DUES.

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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 $0

Program Service Revenue $91,712

Investment Income $63,949

Other Revenue $0

TOTAL REVENUE $155,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,661

Fundraising Expenses $0

Program Expenses $128,911

Other Expenses $104,250

TOTAL EXPENSES $128,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,661	$127,703	+0.2%
Expenses	$128,911	$134,319	0.0%
Net Income	$26,750	$-6,616	-5.0%

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

$18,475

Total Directors

$23,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HAGMAN	PRESIDENT	1.00	Officer Director	$1,125	$0	$1,125
GARY BAKER	DIRECTOR	1.00	Director	$925	$0	$925
JARROD CHAPPELL	DIRECTOR	1.00	Director	$850	$0	$850
NATALIE JACKSON	PRIOR SECRETARY	20.00	Officer Director	$550	$0	$550
DURWARD CHEEK	DIRECTOR	1.00	Director	$550	$0	$550
TOMMY HUNT	DIRECTOR	1.00	Director	$0	$0	$0
RONNIE VANDGRIFT	DIRECTOR	1.00	Director	$625	$0	$625
DALLAS POWERS	DIRECTOR	1.00	Director	$625	$0	$625
DUANE ARNOLD	DIRECTOR	1.00	Director	$625	$0	$625
JASON OBENCHAIN	DIRECTOR	1.00	Director	$550	$0	$550
LP RAY JR	DIRECTOR	1.00	Director	$625	$0	$625
AMY SINGLETON	SECRETARY	1.00	Officer Director	$16,800	$0	$16,800

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	$155,661	$128,911	$849,740	$26,750
2023	$127,703	$134,319	$804,143	$-6,616
2022	$114,767	$74,977	$723,353	$39,790
2021	$118,833	$122,002	$693,709	$-3,169
2020	$114,721	$89,869	$676,576	$24,852
2019	$119,273	$96,544	$651,758	$22,729
2018	$145,618	$110,816	$629,703	$34,802

HANCOCK COUNTY ASSESSMENT