CHARLES L HOVER FAMILY FOUNDATION

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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

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.

Program Service Accomplishments

Program 1

Expenses: $137,694

ALL NET INCOME IS PAID BY THE TRUSTEE TO HOVER SENIOR LIVING COMMUNITY, INC. AT LEAST ANNUALLY. HOVER SENIOR LIVING COMMUNITY, INC., THROUGH ITS BOARD OF DIRECTORS, IS AUTHORIZED TO USE THE INCOME...

ALL NET INCOME IS PAID BY THE TRUSTEE TO HOVER SENIOR LIVING COMMUNITY, INC. AT LEAST ANNUALLY. HOVER SENIOR LIVING COMMUNITY, INC., THROUGH ITS BOARD OF DIRECTORS, IS AUTHORIZED TO USE THE INCOME RECEIVED FROM THE FOUNDATION FOR THE DEVELOPMENT AND OPERATION OF A RETIREMENT COMMUNITY IN LONGMONT, COLORADO. THIS INCOME IS UTILIZED TO SUBSIDIZE THE COSTS OF OPERATION OF THE RETIRMENT COMMUNITY, TO PERMIT THE CARE OF PERSONS UNABLE TO PAY THE ENTIRE COST OF SUCH CARE AND TO PROVIDE SERVICES, PROGRAMS OR FACILITIES WHICH COULD NOT OTHERWISE BE PROVIDED. HOWEVER, HOVER SENIOR LIVING COMMUNITY, INC. HAS FULL POWER TO DETERMINE THE METHOD AND DETAILS OF THE USE OF SUCH SUBSIDY FOR THE BENEFIT OF THE RETIREMENT COMMUNITY SUBJECT TO THE TERMS OF THE AGREEMENT.

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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 (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

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

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