BUFFALO HEARING & SPEECH CENTER INC

EIN: 160776186 501(c)(3) Health Care

BUFFALO, NY

Total Revenue
$24,282,605
Total Expenses
$24,118,988
Total Assets
$8,448,839
Net Assets
$5,604,132
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
NY
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

BHSC IS A NOT-FOR-PROFIT ORGANIZATION THAT OFFERS COMPREHENSIVE DIAGNOSIS AND TREATMENT FOR COMMUNICATION IMPAIRMENTS OF OVER 8,000 INDIVIDUALS AND FAMILIES ANNUALLY. THE CENTER IS A NEW YORK STATE EDUCATION DEPARTMENT APPROVED 4410(1)(K) PRESCHOOL AND SCHOOL AGE PROGRAM FOR CHILDREN WITH SPECIAL EDUCATION NEEDS AND IS ALSO APPROVED BY THE DEPARTMENT OF HEALTH AS AN EARLY INTERVENTION PROVIDER AND AS A DIAGNOSTIC TREATMENT CENTER. BUFFALO HEARING AND SPEECH CENTER IS NATIONALLY ACCREDITED BY THE NATIONAL ASSOCIATION OF SPEECH AND HEARING CENTERS AND HAS PROVIDED SERVICES IN THE WESTERN NEW YORK REGION SINCE 1953.

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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%)

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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

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Governance

Voting Members
16
Independent Members
16
Employees
505
Volunteers
54

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
8
$472,476
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
2
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
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