Northeast Hearing & Speech Center Inc (EIN 010228262) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1930

Legal Domicile

Principal Officer

Cameron Garrett

Phone

2078741065

Tax Period

2024-07-01 to 2025-06-30

Northeast Hearing & Speech Center Inc, founded in 1930, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 7% surplus.

Mission

Hearing & speech evaluation/therapy

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,499

Program Service Revenue $2,623,581

Investment Income $94,455

Other Revenue $0

TOTAL REVENUE $2,740,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,641,361

Fundraising Expenses $10,050

Program Expenses $2,118,499

Other Expenses $897,276

TOTAL EXPENSES $2,538,637

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,740,535	$2,164,825	+0.3%
Expenses	$2,538,637	$2,360,664	+0.1%
Net Income	$201,898	$-195,839	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$135,990

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anne M Cloutier	Treasurer	2.00	Officer Director	$0	$0	$0
Susan Adams	Secretary	2.00	Officer Director	$0	$0	$0
Zoram Blancas-Ruiz	Vice President	2.00	Officer Director	$0	$0	$0
Colin Baier	President	4.00	Officer Director	$0	$0	$0
Teresa Libby	Director	2.00	Director	$0	$0	$0
Theresa Anderson	Director	2.00	Director	$0	$0	$0
Lori Moses	Director	1.00	Director	$0	$0	$0
Cameron Garrett	Executive Director	40.00	Officer	$125,000	$10,990	$135,990

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,740,535	$2,538,637	$4,545,706	$201,898
2024	$2,164,825	$2,360,664	$4,185,062	$-195,839
2023	$2,635,300	$2,190,243	$4,334,987	$445,057
2022	$2,548,895	$2,161,160	$2,989,841	$387,735
2021	$2,851,053	$2,052,791	$3,140,006	$798,262
2020	$2,112,852	$1,954,326	$2,075,639	$158,526
2019	$2,452,266	$2,088,834	$1,713,990	$363,432

Northeast Hearing & Speech Center Inc