HANNAN CENTER (EIN 814810239) - 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

2016

Legal Domicile

Principal Officer

VINCENT TILFORD

Phone

3138331300

Tax Period

2023-01-01 to 2023-12-31

HANNAN CENTER, founded in 2016, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE HANNAN CENTER'S MISSION IS TO PRESERVE THE DIGNITY AND ENHANCE THE QUALITY OF LIFE OF SENIORS IN MICHIGAN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $795,067

Program Service Revenue $136,704

Investment Income $0

Other Revenue $248,386

TOTAL REVENUE $1,180,157

Expense Breakdown

Grants Paid $389,358

Salaries & Benefits $0

Fundraising Expenses $74,181

Program Expenses $1,048,511

Other Expenses $811,757

TOTAL EXPENSES $1,201,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,180,157	$1,008,758	+0.2%
Expenses	$1,201,115	$889,268	+0.4%
Net Income	$-20,958	$119,490	-1.2%

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

$187,977

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH BROUWER	PRESIDENT	0.50	Officer Director	$0	$0	$0
THOMAS JANKOWSKI	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
LENORA HARDY FOSTER	TREASURER	0.50	Officer Director	$0	$0	$0
MARCIA BAUM	SECRETARY	0.50	Officer Director	$0	$0	$0
LARRY BRYANT	TRUSTEE	0.50	Director	$0	$0	$0
BEVERLY BURNS	TRUSTEE	0.50	Director	$0	$0	$0
RANDALL CHARLTON	TRUSTEE	0.50	Director	$0	$0	$0
RUTH DUNKLE	TRUSTEE	0.50	Director	$0	$0	$0
KATHLEEN GRAHAM	TRUSTEE	0.50	Director	$0	$0	$0
ANTONIA HARBIN	TRUSTEE	0.50	Director	$0	$0	$0
EVAN HO	TRUSTEE	0.50	Director	$0	$0	$0
MARY MEYER NEFF	TRUSTEE	0.50	Director	$0	$0	$0
CAROLE MORISSEAU	TRUSTEE	0.50	Director	$0	$0	$0
JASON PAULATEER	TRUSTEE	0.50	Director	$0	$0	$0
CHE BRIAN PETERSON	TRUSTEE	0.50	Director	$0	$0	$0
VINCENT TILFORD	EXECUTIVE DIRECTOR	20.00	Officer	$0	$29,725	$187,977
VINCENT GRZYWACZ	CHIEF ADMINISTRATIVE OFFICER	20.00	Highest	$0	$24,097	$124,563

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	$1,180,157	$1,201,115	$210,254	$-20,958
2022	$1,008,758	$889,268	$226,573	$119,490
2021	$879,213	$810,024	$105,008	$69,189
2020	$343,345	$391,581	$32,549	$-48,236
2019	$446,165	$442,386	$84,514	$3,779
2018	$538,510	$458,614	$177,831	$79,896

HANNAN CENTER