Main Street Hanover Inc

Nonprofit profile at a glance

EIN
813224889
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-EZ 2021, Form 990-N 2017
Location
Hanover, PA, USA
Phone
7176376130
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Intergroup, Race Relations

Official website

Reported finances

Revenue
$261,517
Expenses
$137,855
Assets
$424,255
Liabilities
$7,401

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Highest reported compensation

  • MORIAH TYLER (EXECUTIVE DI): $30,566 total reported compensation
  • JUSTINE TRUCKSESS (EXECUTIVE DI): $14,972 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Main street hanover, inc. Is a community organization that works to expand the economic capacity of downtown hanover, thus improving the business environment, enhancing the quality of place, and increasing community synergy.

What it reported doing in 2024

During the year, the organization implemented a wide range of programs and outreach efforts designed to strengthen and promote hanovers downtown district while engaging both residents and visitors. The organization hosted multiple recurring and special events downtown, including 2nd saturdays, hometown hero banners, heart of hanover trails, and christmas in hanover, which collectively attracted over 6,141 total attendees during the year, providing opportunities for cultural enrichment, community engagement, and local economic activity; as part of its hometown hero program, the organization successfully installed 21 new hometown hero banners honoring community members. The organization supported the economic vitality of the downtown district by facilitating the growth of new and existing businesses; between july 1, 2024, and june 30, 2025, 18 new businesses opened downtown, bringing the total to over 125 businesses located in the downtown area, thereby strengthening the local economy, generating employment opportunities, and increasing the overall vibrancy of hanovers business community. Volunteers contributed significant time and service toward organizational activities, donating over 554 volunteer hours, which the organization values at approximately 17,000, directly supporting event operations, program delivery, and other community-focused initiatives. To promote hanover as a tourism and cultural destination, the organization carried out a comprehensive marketing strategy that included targeted advertising across Pennsylvania, Maryland, Virginia, and West Virginia; these efforts reached 95,280 accounts and generated 487,150 impressions, while organizational content was also featured in four local magazines to further amplify awareness of hanover as a destination. The organization expanded its digital communication reach through newsletters and social media platforms; its monthly e-newsletter grew to over 1,300 subscribers, ensuring consistent communication about events, programs, and community opportunities, while social media followership reached 9,200 on facebook and 2,500 on instagram, providing a strong digital platform for community engagement. Together, these activities advance the organizations mission to promote downtown hanover as a vibrant hub of commerce, culture, and community life, while also honoring local heroes, supporting small business growth, and encouraging both resident and visitor engagement.

Operating model

Revenue model
Donor-supported. 76% 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: 44
  • Transparency & Controls: 92
  • Accountability: 74
  • Sustainability: 72
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 34.1%; rating input score 34
  • Program expense ratio: 61.1%; rating input score 61
  • Fundraising efficiency: $11.05 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 47.3%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 3.08; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 4.7%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: -6.8% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: 13.1% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 23.9% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 34.1% of revenue deployed · 61.1% of spending went to programs
  • Governance: 11 of 11 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $84K in reported program spending
  • Leadership: top reported pay $31K · 14 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 4 filing years from 2020 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 34/100.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.