Charity Search / HANOVER COLLEGE TRUSTEES
Education (B420) IRS Verified DX Registered 990 on File

HANOVER COLLEGE TRUSTEES

EIN: 35-0868096 · HANOVER, IN 47243-9672 · United States · FY 2025 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 89/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
Register and add impact metrics to be rated above three stars
Claim this Charity
CharityAI™ Score
Not yet evaluated
Mission Statement

Mission Hanover College is a challenging and supportive community whose members take responsibility for lifelong inquiry, transformative learning and meaningful service. Vision Hanover College will be recognized throughout the tri-state (IN, KY, and OH) region as a diverse learning community that excels in preparing students for professions and advanced study by combining a transformative liberal arts education with educational opportunities in distinctive professional disciplines. Through excellent undergraduate programs, meaningful co-curricular experiences, graduate programs in high demand fields, and accelerated pathways to graduate study, Hanover will be the college of choice for the region’s most well prepared high school seniors and for all students who seek to make a difference in local and global communities. Principles The students, faculty, staff and trustees of Hanover College seek to promote academic, personal, and moral growth within a safe, challenging and responsive community. To this end, each is committed to the following: Pursuit of Academic Excellence I will seek the breadth and depth of knowledge appropriate to a liberal arts education, will seek to foster intellectual vitality, and will practice academic integrity. I will participate in the open and free exchange of ideas necessary for a meaningful education and a successful democracy. Pursuit of Personal Excellence I will pursue physical, moral, emotional, and spiritual well being, with respect for the Christian and liberal arts traditions of the College. I will practice self-respect and self-discipline, and will seek to grow in maturity and independence. Respect for One Another I will work to create a safe campus community, free from unjust coercion, harassment, and other threats to persons or property. I will practice honesty toward, tolerance of, and compassion for others, working to support the well-being of other members of the College community. Community Responsibility I will participate in decision-making on rules and procedures, and will encourage others to do the same. I will be a good steward of the College, the environment, and the world community. Accountability I will know and adhere to the rules of the College and to state and federal laws, accepting accountability for my own actions and encouraging others to be accountable for theirs. I will practice justice, fairness and respect in my responses to violations of these commitments and of College rules by community members. As members of the Hanover College community, we will make decisions together with those who will be most affected by them, we will seek the greatest amount of relevant input possible in our decision-making, and, to the extent possible, we will encourage decision-making on rules and procedures by those who will be most affected by them. Educational Philosophy Hanover College is dedicated to the personal growth of its students. We believe that a liberal education is an excellent preparation for life in a global society. We seek to broaden and deepen our students' knowledge and understanding of themselves, of the historical and cultural movements which have shaped our society and other cultures, of the methods and discoveries of the natural sciences, and of the religious and moral dimensions of human experience. We seek to provide our students with training and experience that will enhance their skills in communication, in creative self-expression, in critical reflection, in research, and in leadership. The study of the liberal arts is an appropriate expression of our relationship with the Presbyterian Church (USA) and to the Christian tradition. Accordingly, we seek to encourage our students to develop values that allow them to become more mature and self-directed individuals who will be responsible participants in local and global communities and who will be able to appreciate and enjoy their own and other cultures. Whom We Serve Hanover College primarily serves traditional (ages 18-22), full-time, residential students seeking the Bachelor of Arts and the Bachelor of Science degrees. Admission is academically selective, nonsectarian, and both culturally and economically inclusive. The College operates on a 650-acre campus in Hanover, Indiana, with online courses available during the summer sessions. Hanover also serves a small number of commuter, part-time and dual enrollment students and, as noted in our Vision, is actively pursuing expansion into graduate professional education

Financial Overview — FY 2025
$113.9M
Total Revenue
$91.0M
Total Expenses
$255.9M
Net Assets
879
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 91.3%
Fundraising Efficiency N/A
Operating Reserve 33.74x
Liability-to-Asset 12.3%
Revenue Diversification 59.2%
Executive Compensation $745K
Compared with Peers
FY 2025
Compared with 1,677 similar organizations (United States, Education, $10M–$100M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
91.3% 84.4%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
6.4% 13.6%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
2.3% 0.4%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
33.7 mo 10.4 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
12.3% 32.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
59.2% 88.4%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
44.3% 5.5%
P10P90
Expense growth
Year over year expense growth
5.9% 5.6%
P10P90
Surplus margin
Surplus as a share of revenue
20.1% 3.1%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $113.9M $91.0M $255.9M 91.3% 879
2024 $78.9M $85.9M $220.5M 90.2% 853
2023 $70.6M $78.6M $216.3M 89.4% 849
2022 $66.7M $77.6M $215.4M 90.0% 717
2021 $66.0M $70.1M N/A — 770
Donor Reviews
Write a Review
No reviews yet

Be the first to share your experience with this organization.


Write a Review
Minimum 20 characters
Reviews appear after moderation (usually within 24 hours)
Organization Details
EIN
35-0868096
State
IN
City
HANOVER
ZIP
47243-9672
Classification
B420
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1996
Foundation Code
11
Form 990
On File
Is this your organization?

Claim it to manage this profile, add your board, financials and impact metrics, and lift your CharityAI™ rating.

Claim this Charity
Back to Search New Search