Hanover Hockey Association Inc
Hanover Hockey Association Inc. consistently operates near break-even, occasionally incurring deficits, with no reported officer compensation.
EIN: 20275887 · Hanover, NH · NTEE: N68Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $347K |
| Total Expenses | $344K |
| Program Spending | 85% |
| Net Assets | $92K |
| Transparency Score | 75/100 |
Is Hanover Hockey Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hanover Hockey Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hanover Hockey Association Inc
Hanover Hockey Association Inc (EIN: 20275887) is a nonprofit organization based in Hanover, NH, classified under NTEE code N68Z. The organization reported total revenue of $347K and total assets of $200K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hanover Hockey Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hanover Hockey Association Inc is a small nonprofit that has been operating for 56 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $283K |
| Total Expenses | $344K |
| Surplus / Deficit | $-61,062 |
| Total Assets | $112K |
| Total Liabilities | $20K |
| Net Assets | $92K |
| Operating Margin | -21.6% |
| Debt-to-Asset Ratio | 17.6% |
| Months of Reserves | 3.9 months |
Financial Health Grade: B
In 2023, Hanover Hockey Association Inc reported a deficit of $61K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 17.6% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2023), Hanover Hockey Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.7% | +41.8% | -35.5% |
| 2022 | +15.8% | +62.4% | +3.5% |
| 2021 | -38.0% | -48.5% | +23.2% |
| 2020 | +10.8% | -11.5% | +23.3% |
| 2019 | +2.0% | +8.9% | -16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1970 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hanover Hockey Association Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hanover Hockey Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is a positive sign for minimizing administrative costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hanover Hockey Association Inc's IRS 990 filings:
- Frequent operating deficits (expenses exceeding revenue), as seen in 7 out of 10 reported periods, including 202303 where expenses were $344,180 and revenue was $283,118.
Strengths
The following positive indicators were identified for Hanover Hockey Association Inc:
- Consistent filing of IRS 990s, demonstrating good transparency.
- No reported officer compensation, indicating a volunteer-driven leadership and efficient use of funds.
- Assets consistently exceed liabilities, showing a healthy balance sheet (e.g., 202303 assets $112,197 vs. liabilities $19,788).
- Long operational history with consistent activity levels.
Frequently Asked Questions about Hanover Hockey Association Inc
Is Hanover Hockey Association Inc a legitimate charity?
Hanover Hockey Association Inc (EIN: 20275887) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $347K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Hanover Hockey Association Inc spend its money?
Hanover Hockey Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hanover Hockey Association Inc tax-deductible?
Hanover Hockey Association Inc is registered as a tax-exempt nonprofit (EIN: 20275887). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hanover Hockey Association Inc's spending goes to programs?
Hanover Hockey Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hanover Hockey Association Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hanover Hockey Association Inc is above average for NTEE category N68Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hanover Hockey Association Inc located?
Hanover Hockey Association Inc is headquartered in Hanover, New Hampshire and files with the IRS under EIN 20275887. It is classified under NTEE code N68Z.
How many years of IRS 990 filings does Hanover Hockey Association Inc have?
Hanover Hockey Association Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $347K in total revenue.
Is Hanover Hockey Association Inc. financially stable?
Yes, while the organization frequently operates with expenses slightly exceeding revenue (e.g., 202303 expenses of $344,180 vs. revenue of $283,118), its assets consistently outweigh liabilities, suggesting a stable financial position. For instance, in 202303, assets were $112,197 against liabilities of $19,788.
Does Hanover Hockey Association Inc. pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all available periods, indicating a volunteer leadership structure.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have generally fluctuated between $200,000 and $350,000 over the past decade. There's a pattern of expenses often slightly exceeding revenue, as seen in 7 out of 10 reported periods, including the most recent 202303 filing.
Filing History
IRS 990 filing history for Hanover Hockey Association Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Hanover Hockey Association Inc's revenue has grown by 0.2%, moving from $282K to $283K. Total assets decreased by 32.8% over the same period, from $167K to $112K. Total functional expenses rose by 34.7%, from $255K to $344K. In its most recent filing year (2023), Hanover Hockey Association Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $20K in liabilities against $112K in assets (debt-to-asset ratio: 17.6%), resulting in net assets of $92K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $283K | $344K | $112K | $20K | — | View 990 |
| 2022 | $236K | $243K | $174K | $21K | — | View 990 |
| 2021 | $204K | $149K | $168K | $8K | — | View 990 |
| 2020 | $330K | $290K | $136K | $32K | — | View 990 |
| 2019 | $297K | $328K | $111K | $24K | — | View 990 |
| 2016 | $292K | $301K | $133K | $51K | — | — |
| 2015 | $294K | $300K | $170K | $33K | — | View 990 |
| 2014 | $278K | $283K | $167K | $24K | — | View 990 |
| 2013 | $260K | $270K | $167K | $19K | — | View 990 |
| 2012 | $282K | $255K | $167K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $283K, expenses of $344K, and assets of $112K (revenue +19.7% year-over-year).
- 2022: Revenue of $236K, expenses of $243K, and assets of $174K (revenue +15.8% year-over-year).
- 2021: Revenue of $204K, expenses of $149K, and assets of $168K (revenue -38.0% year-over-year).
- 2020: Revenue of $330K, expenses of $290K, and assets of $136K (revenue +10.8% year-over-year).
- 2019: Revenue of $297K, expenses of $328K, and assets of $111K (revenue +2.0% year-over-year).
- 2016: Revenue of $292K, expenses of $301K, and assets of $133K (revenue -0.8% year-over-year).
- 2015: Revenue of $294K, expenses of $300K, and assets of $170K (revenue +5.6% year-over-year).
- 2014: Revenue of $278K, expenses of $283K, and assets of $167K (revenue +7.0% year-over-year).
- 2013: Revenue of $260K, expenses of $270K, and assets of $167K (revenue -7.8% year-over-year).
- 2012: Revenue of $282K, expenses of $255K, and assets of $167K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hanover Hockey Association Inc:
Data Sources and Methodology
This transparency report for Hanover Hockey Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.