Hanover Conservancy
Nonprofit profile at a glance
- EIN
- 026011149
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- Hanover, NH, USA
- Phone
- (603) 643-3433
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Natural Resources Conservation and Protection
Reported finances
- Revenue
- $572,999
- Expenses
- $286,213
- Assets
- $5,054,011
- Liabilities
- $71,621
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- HEIDI TRIMARCO (PRESIDENT)
- MARY BROWN (VICE PRESIDENT)
- ADAIR MULLIGAN (EXECUTIVE DIRECTOR)
Highest reported compensation
- ADAIR MULLIGAN (EXECUTIVE DIRECTOR): $97,776 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Hanover Conservancy protects and stewards the natural resources, scenic beauty, and rural character of Hanover, New Hampshire, for the benefit of the community and future generations.
What it reported doing in 2024
Land conservation - the hanover conservancy pursues a goal of protecting at least 30 percent of our town's land area by 2030, using a carefully crafted set of strategic conservation priorities customized for each region of our topographically diverse town. In the Connecticut river corridor, we accepted the gift of a conservation easement on nathan's garden, a beloved naturalized space near downtown. In the rural part of hanover, we are nearing completion of a project with the usda natural resources conservation service to protect a piece of valuable agricultural land. In the remote, mountainous region of hanover, we moved quickly to secure a contract on a 37-acre piece of high-climate-resilient land abutting our own protected lands and the federal appalachian trail corridor. This purchase was completed just after the close of the fiscal year. In this region of town, we also sold a piece of prime agricultural land after placing conservation restrictions on it and are preparing to accept the gift of 92 acres of valuable mountainside wildlife habitat. We continued work on three projects to expand the appalachian trail corridor and protect valuable habitat with a conservation partner.
Operating model
- Revenue model
- Donor-supported. 90% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 80
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.1%; rating input score 43
- Program expense ratio: 66.7%; rating input score 67
- Fundraising efficiency: $34.36 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 50.1%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 17.66; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 34.2%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 4.9% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 13.4% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 12.3% per year; rating input score 100; 66th percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 43.1% of revenue deployed · 66.7% of spending went to programs
- Governance: 14 of 14 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $191K in reported program spending
- Leadership: top reported pay $98K · 15 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 5/100.