CHARLES L HOVER FAMILY FOUNDATION

EIN: 846021362 501(c)(3) Philanthropy & Grantmaking

BILLINGS, MT

Total Revenue
$91,760
Total Expenses
$146,175
Total Assets
$917,084
Net Assets
$917,084
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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
1974
Legal Domicile
CO
Principal Officer
FIRST INTERSTATE BANK
Phone
8887914075
Tax Period
2025-01-01 to 2025-12-31

CHARLES L HOVER FAMILY FOUNDATION, founded in 1974, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $92K in total revenue in fiscal year 2025. Revenue surged 201% from the prior year, signaling strong growth momentum. Expenses of $146K exceeded revenue, resulting in a 59% operating deficit.

Mission

TO SUPPORT HOVER SENIOR LIVING COMMUNITY, INC.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $91,760
Other Revenue $0
TOTAL REVENUE $91,760

Expense Breakdown

Grants Paid $131,110
Salaries & Benefits $13,191
Fundraising Expenses $0
Program Expenses $137,694
Other Expenses $1,874
TOTAL EXPENSES $146,175

Year-over-Year Comparison

2025 2024 Change
Revenue $91,760 $30,526 +2.0%
Expenses $146,175 $44,889 +2.3%
Net Income $-54,415 $-14,363 +2.8%
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

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Governance

Voting Members
1
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 2.0
$13,191 $0 $13,191
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 $91,760 $146,175 $917,084 $-54,415
2024 No data No data No data No data
2023 $36,634 $37,885 $985,685 $-1,251
2022 $57,111 $40,964 $987,306 $16,147
2021 $118,696 $32,644 $971,159 $86,052
2020 $107,105 $23,256 $885,107 $83,849
2019 $31,946 $28,029 $801,258 $3,917
2018 $237,007 $1,540,006 $797,341 $-1,302,999
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