HOVER COMMUNITY INC (EIN 840890971) - 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

1982

Legal Domicile

Principal Officer

MICHELLE CREGUT

Phone

3037729292

Tax Period

2022-07-01 to 2023-06-30

HOVER COMMUNITY INC, founded in 1982, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

HOVER COMMUNITY PROVIDES FACILITIES AND SERVICES FOR THE BENEFIT OF THE GENERAL PUBLIC.THE ORGANIZATION OPERATES AN ASSISTED LIVING RESIDENCE FOR THE ELDERLY AND HANDICAPPED AND OVERSEES THE CONTINUING DEVELOPMENT OF A RETIREMENT CAMPUS.

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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 $20,526

Program Service Revenue $2,378,856

Investment Income $9,784

Other Revenue $15,555

TOTAL REVENUE $2,424,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,773,047

Fundraising Expenses $0

Program Expenses $2,356,349

Other Expenses $1,034,093

TOTAL EXPENSES $2,807,140

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,424,721	$2,143,501	+0.1%
Expenses	$2,807,140	$2,546,241	+0.1%
Net Income	$-382,419	$-402,740	-0.1%

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

$303,158

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
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
BONNIE FINLEY	VICE PRESIDENT PRO TEMPORE	1.00	Officer Director	$0	$0	$0
RUTHIE HORTON	CHIEF EXECUTIVE OFFICER	15.00	Officer	$0	$4,328	$106,875
LISA GAU	CHIEF FINANCIAL OFFICER	15.00	Officer	$106,487	$5,658	$112,145
HOLLY RAYMER	CHIEF EXECUTIVE OFFICER	15.00	Officer	$0	$2,526	$84,138
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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,424,721	$2,807,140	$3,202,404	$-382,419
2022	$2,143,501	$2,546,241	$3,694,054	$-402,740
2021	$2,110,224	$2,261,370	$4,077,526	$-151,146
2020	$2,089,348	$2,157,963	$4,487,219	$-68,615
2019	$2,163,574	$1,986,061	$4,371,881	$177,513
2018	$1,878,478	$1,764,604	$4,180,203	$113,874

HOVER COMMUNITY INC