BUFFALO HEARING & SPEECH CENTER INC

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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

1953

Legal Domicile

Principal Officer

JOSEPH COZZO

Phone

7168858318

Tax Period

2024-01-01 to 2024-12-31

BUFFALO HEARING & SPEECH CENTER INC, founded in 1953, is a mid-sized nonprofit in the Health Care sector that reported $24.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

BUFFALO HEARING AND SPEECH CENTER IMPROVES THE QUALITY OF LIFE FOR ADULTS, CHILDREN AND INFANTS WITH COMMUNICATION DISORDERS BY DELIVERING CUTTING EDGE DIAGNOSIS AND TREATMENT OF HEARING AND SPEECH IMPAIRMENTS AND RELATED SPECIAL EDUCATION SERVICES.

Program Service Accomplishments

Program 1

Expenses: $16,681,251 Revenue: $19,305,411

OPERATION OF AN EARLY INTERVENTION PROGRAM FOR CHILDREN FROM BIRTH TO 3 WITH AN OPERATION OF CENTER AND HOME BASED PRE-SCHOOL PROGRAMS FOR CHILDREN AGED 3-5 WITH GLOBAL DELAYS IN DEVELOPMENT...

OPERATION OF AN EARLY INTERVENTION PROGRAM FOR CHILDREN FROM BIRTH TO 3 WITH AN OPERATION OF CENTER AND HOME BASED PRE-SCHOOL PROGRAMS FOR CHILDREN AGED 3-5 WITH GLOBAL DELAYS IN DEVELOPMENT, INCLUDING DELAYS IN SOCIAL COMMUNICATION, LITERACY AND AUTISM SPECTRUM DISORDER. INCORPORATE AN SED APPROVED SCHOOL AGE SPECIAL EDUCATION CLASSROOM FOR CHILDREN WITH DISABILITIES, AGES 5-8, GRADES K-3.

Program 2

Expenses: $3,813,798 Revenue: $3,938,570

HEARING AND SPEECH SERVICES ARE PROVIDED ON AN OUTPATIENT-BASIS INCLUDING HEARING AND SPEECH EVALUATIONS, HEARING AID DISPENSING, COCHLEAR IMPLANT MAPPING, LITERACY, SOCIAL COMMUNICATIONS AND ACCENT...

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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 $493,657

Program Service Revenue $23,243,981

Investment Income $145,585

Other Revenue $399,382

TOTAL REVENUE $24,282,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,992,759

Fundraising Expenses $0

Program Expenses $20,495,049

Other Expenses $4,126,229

TOTAL EXPENSES $24,118,988

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,282,605	$22,230,565	+0.1%
Expenses	$24,118,988	$22,362,851	+0.1%
Net Income	$163,617	$-132,286	-2.2%

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

505

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

$472,476

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD TEVENS	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MARSHA KOELMEL	FIRST VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
ZACHARY HOWE	SECOND VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
DANIEL REININGA	TREASURER	2.00	Officer Director	$0	$0	$0
GERALD CHIARI	SECRETARY	2.00	Officer Director	$0	$0	$0
PAUL BANAS	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE CAMPBELL	DIRECTOR	2.00	Director	$0	$0	$0
RYAN ERWIN	DIRECTOR	2.00	Director	$0	$0	$0
LAURA G GIOIA MA	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN J HARVEY PHD	DIRECTOR	2.00	Director	$0	$0	$0
ANNETTE HERRMAN	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL MECCA	DIRECTOR	2.00	Director	$0	$0	$0
SAMUEL SAVARINO	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS SZEFEL	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER P TIRABASSI MBA CMPE	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN TOMASULA	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH J COZZO	PRESIDENT	40.00	Officer	$206,659	$842	$207,501
ALLISON MERLINO	CFO	40.00	Officer	$104,721	$15,118	$119,839
JOSEPH SONNENBERG	COO	40.00	Officer	$142,551	$2,585	$145,136
KARA MURPHY	DIRECTOR OF HR	40.00	Highest	$102,241	$12,682	$114,923
LYNN SHEA	DIRECTOR OF ECP	40.00	Highest	$118,465	$8,376	$126,841

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	No data	No data	No data	No data
2024	$24,282,605	$24,118,988	$8,448,839	$163,617
2023	$22,230,565	$22,362,851	$8,721,670	$-132,286
2022	$20,799,502	$21,074,987	$12,698,356	$-275,485
2021	$22,101,908	$19,856,521	$11,534,063	$2,245,387
2020	$19,595,832	$17,828,246	$6,490,700	$1,767,586
2019	$20,380,094	$20,152,279	$6,269,551	$227,815
2018	$19,665,799	$19,984,799	$6,507,990	$-319,000