HOVER VILLAGE INC

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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

1977

Legal Domicile

Principal Officer

MICHELLE CREGUT

Phone

3037729292

Tax Period

2022-07-01 to 2023-06-30

HOVER VILLAGE INC, founded in 1977, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

HOVER MANOR PROVIDES AFFORDABLE HOUSING AND SUPPORTIVE SERVICES FOR THE ELDERLY AND HANDICAPPED. THESE SUPPORTIVE SERVICES INCLUDE TRANSPORTATION, DINING SERVICES, AND WELLNESS PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $1,622,379 Revenue: $1,990,153

HOVER MANOR PROVIDES HOUSING AND SUPPORTIVE SERVICES FOR THE ELDERLY AND HANDICAPPED. THE ORGANIZATION OPERATES A 121-UNIT AFFORDABLE HOUSING APARTMENT BUILDING WITH SERVICES INCLUDING...

HOVER MANOR PROVIDES HOUSING AND SUPPORTIVE SERVICES FOR THE ELDERLY AND HANDICAPPED. THE ORGANIZATION OPERATES A 121-UNIT AFFORDABLE HOUSING APARTMENT BUILDING WITH SERVICES INCLUDING TRANSPORTATION, DINING SERVICE, WELLNESS PROGRAMS, SOCIAL PROGRAMS, AND PERSONAL SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,298

Program Service Revenue $1,988,378

Investment Income $8,752

Other Revenue $1,775

TOTAL REVENUE $2,001,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $846,284

Fundraising Expenses $0

Program Expenses $1,622,379

Other Expenses $1,121,871

TOTAL EXPENSES $1,968,155

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,001,203	$1,817,361	+0.1%
Expenses	$1,968,155	$1,752,875	+0.1%
Net Income	$33,048	$64,486	-0.5%

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

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

$302,461

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY SCHWALM	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTY BLOCK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BONNIE FINLEY	VICE PRESIDENT PRO TEMPORE	1.00	Officer Director	$0	$0	$0
LOIS BOSCHEE	SECRETARY	1.00	Officer Director	$0	$0	$0
DODE SIMONSON	TREASURER	1.00	Officer Director	$0	$0	$0
PAULA ENRIETTO	DIRECTOR	1.00	Director	$0	$0	$0
KEITH EVANS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF JEREBKER	DIRECTOR	1.00	Director	$0	$0	$0
PETER HOLT	DIRECTOR	1.00	Director	$0	$0	$0
CAROLE HULL	DIRECTOR	1.00	Director	$0	$0	$0
JEFF KING	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA SHUMAR	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL KAPSAK	DIRECTOR	1.00	Director	$0	$0	$0
RUTHIE HORTON	CHIEF EXECUTIVE OFFICER	15.00	Officer	$0	$4,328	$106,875
HOLLY RAYMER	CHIEF EXECUTIVE OFFICER	15.00	Officer	$0	$2,526	$84,138
LISA GAU	CHIEF FINANCIAL OFFICER	15.00	Officer	$0	$4,962	$111,448
MELISSA O'HARA	CHIEF EXECUTIVE OFFICER	15.00	Officer	$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
2023	$954,664	$3,093,113	No data	$-2,138,449
2023	$2,001,203	$1,968,155	$3,041,858	$33,048
2022	$1,817,361	$1,752,875	$3,338,796	$64,486
2021	$1,828,724	$1,587,586	$3,415,750	$241,138
2020	$1,733,193	$1,587,102	$3,419,587	$146,091
2019	$1,726,265	$1,487,872	$3,357,354	$238,393
2018	$1,745,215	$1,530,803	$3,279,880	$214,412