Hanover College Trustees
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 48,592,386 | 49,152,942 | −560,556 | 47.2 | 31% |
| 2012 | 52,650,502 | 52,452,040 | 198,462 | 41.8 | 31% |
| 2013 | 62,579,285 | 54,872,097 | 7,707,188 | 41.6 | 30% |
| 2014 | 53,495,780 | 56,664,722 | −3,168,942 | 43.8 | 29% |
| 2015 | 50,940,342 | 58,889,345 | −7,949,003 | 40.8 | 27% |
| 2016 | 54,769,232 | 63,438,115 | −8,668,883 | 34.9 | 25% |
| 2017 | 52,916,426 | 62,972,284 | −10,055,858 | 36.3 | 25% |
| 2018 | 56,110,448 | 63,608,865 | −7,498,417 | 36.1 | 24% |
| 2019 | 61,991,856 | 67,072,746 | −5,080,890 | 34.8 | 24% |
| 2020 | 70,232,539 | 66,715,574 | 3,516,965 | 35.9 | 25% |
| 2021 | 65,984,419 | 70,078,600 | −4,094,181 | 41.1 | 25% |
| 2022 | 66,713,330 | 77,613,685 | −10,900,355 | 33.3 | 25% |
| 2023 | 70,572,166 | 78,645,915 | −8,073,749 | 33.0 | 24% |
In its most recent public year (2023), this organization spent $8,073,749 more than it brought in. Its reserves stood at about 33 months of spending, down from 47.2 in 2011. Staff pay was 24% of spending. $133,148,096 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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