HANOVER HOSPITAL FOUNDATION (EIN 822553293) - 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

2017

Legal Domicile

Principal Officer

Greg Mitstifer

Phone

4126472345

Tax Period

2024-07-01 to 2025-06-30

HANOVER HOSPITAL FOUNDATION, founded in 2017, is a community nonprofit in the Health Care sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 93% operating margin.

Mission

SECURING FINANCIAL AND OTHER SUPPORT NECESSARY TO ASSIST THE ORGANIZATION'S SUPPORTED ENTITY.

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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 $350

Program Service Revenue $0

Investment Income $2,386,624

Other Revenue $0

TOTAL REVENUE $2,386,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $174,594

TOTAL EXPENSES $174,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,386,974	$1,583,029	+0.5%
Expenses	$174,594	$1,702,386	-0.9%
Net Income	$2,212,380	$-119,357	-19.5%

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

$1,102,693

Total Directors

$1,102,693

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL W GASKINS	PRESIDENT	1.0	Officer Director	$0	$129,740	$814,115
DONNA L MULLER	TREASURER	1.0	Officer Director	$0	$18,155	$288,578
G STEVEN MCKONLY ESQ	BOARD CHAIR	1.0	Officer Director	$0	$0	$0
JOHN R SCHNITZER	BOARD VICE CHAIR	1.0	Officer Director	$0	$0	$0
PAUL F SPEARS MD	SECRETARY	1.0	Officer Director	$0	$0	$0
ALAN J STOCK	DIRECTOR	1.0	Director	$0	$0	$0
BARBARA RUPP	DIRECTOR	1.0	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
2025	$2,386,974	$174,594	$49,621,560	$2,212,380
2024	No data	No data	No data	No data
2023	$1,531,576	$1,801,963	$44,445,022	$-270,387
2022	$1,993,238	$1,941,674	$42,161,925	$51,564
2021	$3,248,085	$1,566,905	$48,987,511	$1,681,180
2020	$291,934	$1,523,322	$39,662,709	$-1,231,388
2019	$2,317,564	$338,986	$40,515,754	$1,978,578

HANOVER HOSPITAL FOUNDATION