diff --git a/core/dbt/task/run.py b/core/dbt/task/run.py
index e0c436b5a61..f0446728aee 100644
--- a/core/dbt/task/run.py
+++ b/core/dbt/task/run.py
@@ -644,96 +644,109 @@ def get_hooks_by_type(self, hook_type: RunHookType) -> List[HookNode]:
         hooks.sort(key=self._hook_keyfunc)
         return hooks
 
+    def _safe_run_hook(
+        self,
+        adapter: BaseAdapter,
+        hook: HookNode,
+        hook_name: str,
+        timing: List[TimingInfo],
+        num_hooks: int,
+        extra_context: Dict[str, Any],
+    ) -> Tuple[RunStatus, str, float]:
+        with collect_timing_info("compile", timing.append):
+            sql = self.get_hook_sql(adapter, hook, hook.index, num_hooks, extra_context)
+
+        started_at = timing[0].started_at or datetime.utcnow()
+        hook.update_event_status(
+            started_at=started_at.isoformat(), node_status=RunningStatus.Started
+        )
+
+        fire_event(
+            LogHookStartLine(
+                statement=hook_name,
+                index=hook.index,
+                total=num_hooks,
+                node_info=hook.node_info,
+            )
+        )
+
+        with collect_timing_info("execute", timing.append):
+            status, message = get_execution_status(sql, adapter)
+
+        finished_at = timing[1].completed_at or datetime.utcnow()
+        hook.update_event_status(finished_at=finished_at.isoformat())
+        execution_time = (finished_at - started_at).total_seconds()
+
+        if status == RunStatus.Success:
+            message = f"{hook_name} passed"
+        else:
+            message = f"{hook_name} failed, error:\n {message}"
+
+        return (status, message, execution_time)
+
     def safe_run_hooks(
-        self, adapter: BaseAdapter, hook_type: RunHookType, extra_context: Dict[str, Any]
+        self,
+        adapter: BaseAdapter,
+        hook_type: RunHookType,
+        extra_context: Dict[str, Any],
     ) -> RunStatus:
         ordered_hooks = self.get_hooks_by_type(hook_type)
+        status = RunStatus.Success
 
-        if hook_type == RunHookType.End and ordered_hooks:
-            fire_event(Formatting(""))
+        if ordered_hooks:
+            if hook_type == RunHookType.End:
+                fire_event(Formatting(""))
 
-        # on-run-* hooks should run outside a transaction. This happens because psycopg2 automatically begins a transaction when a connection is created.
-        adapter.clear_transaction()
-        if not ordered_hooks:
-            return RunStatus.Success
+            # on-run-* hooks should run outside a transaction. This happens because psycopg2 automatically begins a transaction when a connection is created.
+            adapter.clear_transaction()
 
-        status = RunStatus.Success
-        failed = False
-        num_hooks = len(ordered_hooks)
-
-        for idx, hook in enumerate(ordered_hooks, 1):
-            with log_contextvars(node_info=hook.node_info):
-                hook.index = idx
-                hook_name = f"{hook.package_name}.{hook_type}.{hook.index - 1}"
-                execution_time = 0.0
-                timing: List[TimingInfo] = []
-                failures = 1
-
-                if not failed:
-                    with collect_timing_info("compile", timing.append):
-                        sql = self.get_hook_sql(
-                            adapter, hook, hook.index, num_hooks, extra_context
-                        )
+            num_hooks = len(ordered_hooks)
 
-                    started_at = timing[0].started_at or datetime.utcnow()
-                    hook.update_event_status(
-                        started_at=started_at.isoformat(), node_status=RunningStatus.Started
+            for idx, hook in enumerate(ordered_hooks, 1):
+                with log_contextvars(node_info=hook.node_info):
+                    hook.index = idx
+                    hook_name = f"{hook.package_name}.{hook_type}.{hook.index - 1}"
+                    execution_time = 0.0
+                    timing: List[TimingInfo] = []
+
+                    # Only run this hook if the previous hook succeeded
+                    # otherwise, skip it
+                    if status == RunStatus.Success:
+                        (status, message, execution_time) = self._safe_run_hook(
+                            adapter, hook, hook_name, timing, num_hooks, extra_context
+                        )
+                    else:
+                        status = RunStatus.Skipped
+                        message = f"{hook_name} skipped"
+
+                    hook.update_event_status(node_status=status)
+
+                    self.node_results.append(
+                        RunResult(
+                            status=status,
+                            thread_id="main",
+                            timing=timing,
+                            message=message,
+                            adapter_response={},
+                            execution_time=execution_time,
+                            failures=0 if status == RunStatus.Success else 1,
+                            node=hook,
+                        )
                     )
 
                     fire_event(
-                        LogHookStartLine(
+                        LogHookEndLine(
                             statement=hook_name,
+                            status=status,
                             index=hook.index,
                             total=num_hooks,
+                            execution_time=execution_time,
                             node_info=hook.node_info,
                         )
                     )
 
-                    with collect_timing_info("execute", timing.append):
-                        status, message = get_execution_status(sql, adapter)
-
-                    finished_at = timing[1].completed_at or datetime.utcnow()
-                    hook.update_event_status(finished_at=finished_at.isoformat())
-                    execution_time = (finished_at - started_at).total_seconds()
-                    failures = 0 if status == RunStatus.Success else 1
-
-                    if status == RunStatus.Success:
-                        message = f"{hook_name} passed"
-                    else:
-                        message = f"{hook_name} failed, error:\n {message}"
-                        failed = True
-                else:
-                    status = RunStatus.Skipped
-                    message = f"{hook_name} skipped"
-
-                hook.update_event_status(node_status=status)
-
-                self.node_results.append(
-                    RunResult(
-                        status=status,
-                        thread_id="main",
-                        timing=timing,
-                        message=message,
-                        adapter_response={},
-                        execution_time=execution_time,
-                        failures=failures,
-                        node=hook,
-                    )
-                )
-
-                fire_event(
-                    LogHookEndLine(
-                        statement=hook_name,
-                        status=status,
-                        index=hook.index,
-                        total=num_hooks,
-                        execution_time=execution_time,
-                        node_info=hook.node_info,
-                    )
-                )
-
-        if hook_type == RunHookType.Start and ordered_hooks:
-            fire_event(Formatting(""))
+            if hook_type == RunHookType.Start:
+                fire_event(Formatting(""))
 
         return status