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In this study, a novel framework was developed to provide a holistic damage assessment caused by severe hydrologic events whether individually or as a compound event. The novel framework uses a developed hurricane-specific water quality model, Environmental Fluid Dynamic Code-Storm Surge model (EFDC-SS) and an ArcGIS-based framework, the Facility Economic Damage and Environmental Release Planning (FEDERAP) to assess damages to the built and natural environment. The developed framework could be used to compare different hurricanes and storms with a focus on land inundation, spill destination in both land and water and their associated risks, as well as economic loss including both physical and secondary losses. The results showed different spreading mechanisms during surge and rainfall-based hurricanes. While storm surge pushed contaminants (from spills) upstream, the rainfall-based hurricane caused a larger footprint of contamination on land. Though different in spreading patterns, spills during both hurricane types can widely spread miles away from the release location in a very short period of time. The FEDERAP economic loss model showed that facility area, average land elevation, the number of storage tanks and process units at the facility, and daily production are key drivers in the calculated total losses for a given hydrologic event.