Hearing and Speech Center of Rochester Inc (EIN 160743137) - 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

1928

Legal Domicile

Principal Officer

Robert Russell

Phone

5852710680

Tax Period

2024-01-01 to 2024-12-31

Hearing and Speech Center of Rochester Inc, founded in 1928, is a community nonprofit in the Health Care sector that reported $4.6M in total revenue in fiscal year 2024.

Mission

To preserve the right to enjoy communication through innovative, caring speech/hearing services.

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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 $628,516

Program Service Revenue $4,008,600

Investment Income $5,523

Other Revenue $7,206

TOTAL REVENUE $4,649,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,291,440

Fundraising Expenses $207,775

Program Expenses $3,957,499

Other Expenses $1,556,080

TOTAL EXPENSES $4,847,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,649,845	$4,384,205	+0.1%
Expenses	$4,847,520	$4,525,888	+0.1%
Net Income	$-197,675	$-141,683	+0.4%

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

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

$211,886

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Barnett	Board Member (began 9/24)	0.20	Director	$0	$0	$0
Marianne Gustafson	Secretary	0.20	Officer Director	$0	$0	$0
Kristie Beach	Board Member	0.20	Director	$0	$0	$0
David Pitcher	Board Member	0.20	Director	$0	$0	$0
Mike Reed	Immediate Past Chair	0.20	Director	$0	$0	$0
Brian Sauers	Chair	0.20	Officer Director	$0	$0	$0
Jeffrey Calabrese	Vice Chair	0.20	Officer Director	$0	$0	$0
Joe Talbot	Board Member	0.20	Director	$0	$0	$0
Jim Anderson	Board Member	0.20	Director	$0	$0	$0
Lisa Hiley	Board Member	0.20	Director	$0	$0	$0
Alison Taylor Bukowski	Board Member	0.20	Director	$0	$0	$0
Richard Nightingale	Board Member	0.20	Director	$0	$0	$0
Carly Alicea	Board Member	0.20	Director	$0	$0	$0
Jeffrey Rosenbloom	Board Member	0.20	Director	$0	$0	$0
Melissa Siesto	Board Member	0.20	Director	$0	$0	$0
Joseph Stankaitis	Board Member	0.20	Director	$0	$0	$0
Vincent Carfagna	Board Member (began 9/24)	0.20	Director	$0	$0	$0
Loren Ranaletta	Board Member (began 9/24)	0.20	Director	$0	$0	$0
Robert Russell	President/CEO	40.00	Officer	$128,234	$6,779	$135,013
Vicki Carpino	Controller	40.00	Officer	$76,664	$209	$76,873

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
2024	$4,649,845	$4,847,520	$1,481,117	$-197,675
2023	$4,452,066	$4,525,888	$1,813,985	$-73,822
2023	$4,384,205	$4,525,888	$1,746,125	$-141,683
2022	$4,265,519	$4,554,721	$2,115,593	$-289,202
2021	$5,215,308	$4,009,999	$1,373,825	$1,205,309
2020	$3,670,121	$3,769,967	$911,762	$-99,846
2019	$4,417,059	$4,542,400	$921,370	$-125,341
2018	$4,564,218	$4,603,799	$851,925	$-39,581

Hearing and Speech Center of Rochester Inc