Civic Intelligence

Hancock County Assessment

990 • Fiscal year 2020 • EIN 61-0504098

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 12, 2021

P O Box 174Hawesville, KY 42348

(270) 927-6669

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.00x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

52nd percentile

0.02x

Higher debt load relative to revenue than 52% of similar nonprofits.

2020 filings • $500k-$1M nonprofits • Source year 2020

Net Margin

72nd percentile

22%

Higher net margin than 72% of similar nonprofits.

2020 filings • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

67th percentile

$17,050

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 14.9% of source-year revenue.

2020 filings • $500k-$1M nonprofits • Source year 2020

Asset Growth

52nd percentile

3.8%

Faster asset growth than 52% of similar nonprofits.

2020 filings • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

48th percentile

-3.8%

Faster revenue growth than 48% of similar nonprofits.

2020 filings • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$676,576

Up $24,818 (+3.8%) from 2019

Net Assets

Up

$674,180

Up $24,852 (+3.8%) from 2019

Liabilities

Down

$2,396

Down $34 (-1.4%) from 2019

Revenue

Down

$114,721

Down $4,552 (-3.8%) from 2019

Expenses

Down

$89,869

Down $6,675 (-6.9%) from 2019

Net Income

Up

$24,852

Up $2,123 (+9.3%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $468,834Liabilities 2011: $32,4312011Assets 2012: $483,370Liabilities 2012: $48,9032012Assets 2013: $527,274Liabilities 2013: $100,6342013Assets 2014: $563,360Liabilities 2014: $60,310Net Assets 2014: $503,0502014Assets 2015: $516,611Liabilities 2015: $5,794Net Assets 2015: $510,8172015Assets 2016: $545,587Liabilities 2016: $12,153Net Assets 2016: $533,4342016Assets 2017: $613,690Liabilities 2017: $24,364Net Assets 2017: $589,3262017Assets 2018: $629,703Liabilities 2018: $3,104Net Assets 2018: $626,5992018Assets 2019: $651,758Liabilities 2019: $2,430Net Assets 2019: $649,3282019Assets 2020: $676,576Liabilities 2020: $2,396Net Assets 2020: $674,1802020Assets 2021: $693,709Liabilities 2021: $15,605Net Assets 2021: $678,1042021Assets 2022: $723,353Liabilities 2022: $5,459Net Assets 2022: $717,8942022Assets 2023: $804,143Liabilities 2023: $16,659Net Assets 2023: $787,4842023Assets 2024: $849,740Liabilities 2024: $9,655Net Assets 2024: $840,0852024

Highlighted filing

2020

Assets$676,576
Liabilities$2,396
Net Assets$674,180

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2011: $119,727Expenses 2011: $99,226Net Income 2011: $20,5012011Revenue 2012: $76,139Expenses 2012: $78,075Net Income 2012: -$1,9362012Revenue 2013: $67,604Expenses 2013: $59,777Net Income 2013: $7,8272013Revenue 2014: $75,953Expenses 2014: $85,868Net Income 2014: -$9,9152014Revenue 2015: $70,761Expenses 2015: $51,212Net Income 2015: $19,5492015Revenue 2016: $87,431Expenses 2016: $65,238Net Income 2016: $22,1932016Revenue 2017: $187,571Expenses 2017: $52,057Net Income 2017: $135,5142017Revenue 2018: $145,618Expenses 2018: $110,816Net Income 2018: $34,8022018Revenue 2019: $119,273Expenses 2019: $96,544Net Income 2019: $22,7292019Revenue 2020: $114,721Expenses 2020: $89,869Net Income 2020: $24,8522020Revenue 2021: $118,833Expenses 2021: $122,002Net Income 2021: -$3,1692021Revenue 2022: $114,767Expenses 2022: $74,977Net Income 2022: $39,7902022Revenue 2023: $127,703Expenses 2023: $134,319Net Income 2023: -$6,6162023Revenue 2024: $155,661Expenses 2024: $128,911Net Income 2024: $26,7502024

Highlighted filing

2020

Revenue$114,721
Expenses$89,869
Net Income$24,852
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 12, 2021
Return Version
2020v4.0
Gross Receipts
$114,721
Mission and Program Overview

Mission

The dues and assessments of the premium is to create a fund to pay all losses of the policy holder as well as the expense of the company. Interest received is used for the same as dues.

The dues & assessments of the premium is to create a fund to pay all losses of the policy holder as well as the expenses of the company. Interest received is used for the same as dues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$556,844$573,097▲ $16,253
Savings and Temporary Cash Investments$52,590$55,433▲ $2,843
Cash and Non-Interest-Bearing Accounts$42,324$48,046▲ $5,722
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$651,758$676,576▲ $24,818
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$2,430$2,396▼ $34
Total Liabilities$2,430$2,396▼ $34
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$649,328$674,180▲ $24,852
Total Net Assets Fund Balance$649,328$674,180▲ $24,852
Total Liabilities and Net Assets / Fund Balance$651,758$676,576▲ $24,818
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Natalie JacksonSecretaryPT$17,050$17,050
James V HagmanPresident-$1,050$1,050
Gary BakerVice President-$750$750
Dallas PowersDirector-$550$550
Durward CheekDirector-$550$550
Jarrod ChappellDirector-$550$550
Ronnie VandgriftDirector-$550$550
Tommy HuntDirector-$550$550
Duane ArnoldDirector-$500$500
Jason ObenchainDirector-$500$500
LP Ray JrDirector-$500$500

Board Members and Trustees

NameTitle
Aileen AdkinsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$95,593
Investment Income
$19,096
Other Revenue
$32
Change in Net Assets
$24,852
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$64,665
Salaries, Compensation, and Employee Benefits$25,204
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$47,476--$47,476
Current Officers, Directors, Trustees, and Key Employees$23,100--$23,100
Occupancy$6,500--$6,500
Payroll Taxes$2,104--$2,104
Office Expenses$1,906--$1,906
Advertising$1,130--$1,130
Fees for Services Accounting$700--$700
Insurance$454--$454
Other Expenses$326--$326
Fees for Services Other$300--$300
Total Functional Expenses$89,869$0$0$89,869
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Hancock County Assessment
EIN
61-0504098
Phone
2709276669
Address
P O Box 174, Hawesville, KY 42348

Signing Officer

Name
James V Hagman
Title
President
Signed
2021-02-12
Discuss with paid preparer
Yes

Organization Details

Formed
1912
Legal Domicile
Ky
Voting Board Members
12
Independent Board Members
12
Employees
1

Preparer

Firm
Drane & Company PLLC CPAs
Address
PO Box 577, Hardinsburg, KY 40143
Preparer
Daniel G Drane
Phone
2707565704
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0524298
IRS990/ProgramServiceRevenueGrp/Desc0Insurance premiums
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt095593
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt095593
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0100
IRS990/PYInvestmentIncomeAmt024285
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt072048
IRS990/PYProgramServiceRevenueAmt094988
IRS990/PYRevenuesLessExpensesAmt022729
IRS990/PYSalariesCompEmpBnftPaidAmt024396
IRS990/PYTotalExpensesAmt096544
IRS990/PYTotalRevenueAmt0119273
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt024852
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt052590
IRS990/SavingsAndTempCashInvstGrp/EOYAmt055433
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0651758
IRS990/TotalAssetsEOYAmt0676576
IRS990/TotalAssetsGrp/BOYAmt0651758
IRS990/TotalAssetsGrp/EOYAmt0676576
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt089869
IRS990/TotalFunctionalExpensesGrp/TotalAmt089869
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02430
IRS990/TotalLiabilitiesEOYAmt02396
IRS990/TotalLiabilitiesGrp/BOYAmt02430
IRS990/TotalLiabilitiesGrp/EOYAmt02396
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0649328
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0674180
IRS990/TotalProgramServiceRevenueAmt095593
IRS990/TotalReportableCompFromOrgAmt023100
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0114721
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0114721
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0651758
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0676576
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0P O Box 174
IRS990/USAddress/CityNm0Hawesville
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd042348
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0James V Hagman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Hancock County Assessment
ReturnHeader/Filer/BusinessNameControlTxt0HANC
ReturnHeader/Filer/EIN0610504098
ReturnHeader/Filer/PhoneNum02709276669
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 174
ReturnHeader/Filer/USAddress/CityNm0Hawesville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd042348
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611170449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Drane & Company PLLC CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 577
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hardinsburg
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040143
ReturnHeader/PreparerPersonGrp/PhoneNum02707565704
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Daniel G Drane
ReturnHeader/ReturnTs02021-02-12T11:49:18-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0James V
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Hagman
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.50$0.10$8.40$1.56$1.29$0.27
2023Detailed filing. Detailed filing data is available for this year.$8.04$0.17$7.87$1.28$1.34$0.07
2022Detailed filing. Detailed filing data is available for this year.$7.23$0.05$7.18$1.15$0.75$0.40
2021Detailed filing. Detailed filing data is available for this year.$6.94$0.16$6.78$1.19$1.22$0.03
2020Detailed filing. Detailed filing data is available for this year.$6.77$0.02$6.74$1.15$0.90$0.25
2019Detailed filing. Detailed filing data is available for this year.$6.52$0.02$6.49$1.19$0.97$0.23
2018Detailed filing. Detailed filing data is available for this year.$6.30$0.03$6.27$1.46$1.11$0.35
2017Detailed filing. Detailed filing data is available for this year.$6.14$0.24$5.89$1.88$0.52$1.36
2016Summary only. Only limited summary data is available for this year.$5.46$0.12$5.33$0.87$0.65$0.22
2015Summary only. Only limited summary data is available for this year.$5.17$0.06$5.11$0.71$0.51$0.20
2014Summary only. Only limited summary data is available for this year.$5.63$0.60$5.03$0.76$0.86$0.10
2013Summary only. Only limited summary data is available for this year.$5.27$1.01$0.68$0.60$0.08
2012Summary only. Only limited summary data is available for this year.$4.83$0.49$0.76$0.78$0.02
2011Summary only. Only limited summary data is available for this year.$4.69$0.32$1.20$0.99$0.21