Hannover Forest Homeowners Association (EIN 760536951) - 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

1997

Legal Domicile

Principal Officer

Bob Pierce

Phone

7134295440

Tax Period

2024-01-01 to 2024-12-31

Hannover Forest Homeowners Association, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $369K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $355K left a modest 4% surplus.

Mission

To provide for the health, safety, and welfare of the community at large

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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 $337,627

Investment Income $1,561

Other Revenue $30,134

TOTAL REVENUE $369,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $277,043

Other Expenses $355,219

TOTAL EXPENSES $355,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$369,322	$333,802	+0.1%
Expenses	$355,219	$281,147	+0.3%
Net Income	$14,103	$52,655	-0.7%

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

N/A

Employees

N/A

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	Role	Reportable Comp	Other Comp	Total
Bob Peirce	President	Officer Director	$0	$0	$0
DeAnne Wilson	Vice President	Officer Director	$0	$0	$0
David Kahn	Secretary	Officer Director	$0	$0	$0
Jesse Edwards	Treasurer	Officer Director	$0	$0	$0
Charles Maxwell	Director	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	$369,322	$355,219	$498,430	$14,103
2023	$333,802	$281,147	$474,232	$52,655
2022	$337,242	$278,004	$412,167	$59,238
2021	$334,518	$345,407	$403,186	$-10,889
2020	$292,672	$236,377	$385,444	$56,295
2019	$290,712	$267,240	$273,580	$23,472
2018	$302,762	$219,361	$244,263	$83,401

Hannover Forest Homeowners Association