HELP AMERICA HEAR 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

2004

Legal Domicile

Principal Officer

JACK SCHIFF

Phone

8885808886

Tax Period

2024-03-01 to 2025-02-28

HELP AMERICA HEAR INC, founded in 2004, is a small nonprofit in the Diseases & Disorders sector that reported $264K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

TO ENHANCE THE QUALITY OF LIFE FOR INDIVIDUALS AFFECTED BY VISUAL AND AUDITORY IMPAIRMENTS WITH EDUCATIONAL AND FINANCIAL SUPPORT.HELP AMERICA HEAR MAINTAINS ITS COMMITMENT TO RAISING PUBLIC AWARENESS RELATED TO HEARING LOSS AND ITS PREVENTION.

Program Service Accomplishments

Program 1

Expenses: $197,027 Revenue: $4,875

HELP AMERICA HEAR (HAH) MAINTAINS ITS COMMITMENT TO RAISING PUBLIC AWARENESS RELATED TO HEARING LOSS AND ITS PREVENTION. HAH IS PROUD TO OFFER THE HELP AMERICA HEAR PROGRAM WHICH PROVIDES NEW HIGH...

HELP AMERICA HEAR (HAH) MAINTAINS ITS COMMITMENT TO RAISING PUBLIC AWARENESS RELATED TO HEARING LOSS AND ITS PREVENTION. HAH IS PROUD TO OFFER THE HELP AMERICA HEAR PROGRAM WHICH PROVIDES NEW HIGH QUALITY HEARING AIDS NATIONWIDE TO MEN, WOMEN, AND CHILDREN WITH LIMITED FINANCIAL RESOURCES.WHEN A QUALIFIED PERSON RECEIVES A DONATED HEARING AID, HAH ALSO MATCHES THE RECIPIENT WITH A PROFESSIONAL THAT DONATE THEIR TIME TO PROVIDE FITTINGS AND ADJUSTMENTS. OVER 120 INDIVIDUALS WERE PROVIDED HEARING AIDS AND SERVICES DURING THE YEAR.

Program 2

Expenses: $40,000

HELP AMERICA HEAR SCHOLARSHIP TO HELP FUND THE EDUCATIONAL OPPORTUNITIES OF THOSE WITH AUDITORY IMPAIRMENTS.

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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 $366,836

Program Service Revenue $4,875

Investment Income $-5,794

Other Revenue $-102,366

TOTAL REVENUE $263,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,675

Fundraising Expenses $5,215

Program Expenses $237,027

Other Expenses $214,101

TOTAL EXPENSES $278,776

Year-over-Year Comparison

	2024	2023	Change
Revenue	$263,551	$285,633	-0.1%
Expenses	$278,776	$298,757	-0.1%
Net Income	$-15,225	$-13,124	+0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY THOMAS	PRESIDENT	1.00	Director	$0	$0	$0
LORI TRENTACOSTE	DIRECTOR	1.00	Director	$0	$0	$0
DON RAAD FORMER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LOFRUMENTO	VICE PRESIDENT	1.00	Director	$0	$0	$0
JOHN MICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GUSTIN	DIRECTOR	1.00	Director	$0	$0	$0
MARY K BOHR AU D FORMER	DIRECTOR	1.00	Director	$0	$0	$0
RONALD J BREDOW PT	DIRECTOR	1.00	Director	$0	$0	$0
ANA KALMAR	DIRECTOR	1.00	Director	$0	$0	$0
JOANI MADARASH	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY J RUIZ	DIRECTOR	1.00	Director	$0	$0	$0
N/A	CEO	40.00		$0	$0	$0
N/A	TREASURER	1.00		$0	$0	$0
N/A	PRESIDENT	10.00		$0	$0	$0

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	$263,551	$278,776	$79,719	$-15,225
2024	$285,633	$298,757	$95,528	$-13,124
2023	$343,724	$335,516	$105,464	$8,208
2022	$195,272	$189,709	$105,244	$5,563
2021	$152,867	$143,353	$86,925	$9,514
2020	$145,395	$162,002	$76,749	$-16,607
2019	$166,120	$167,274	$95,085	$-1,154