COCHLEAR IMPLANT AWARENESS FOUNDATION INC (EIN 203464137) - 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

2006

Legal Domicile

Principal Officer

MICHELLE TJELMELAND

Phone

2174981073

Tax Period

2023-01-01 to 2023-12-31

COCHLEAR IMPLANT AWARENESS FOUNDATION INC, founded in 2006, is a small nonprofit that reported $158K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $109K, a strong 69% operating margin.

Mission

THE COCHLEAR IMPLANT AWARENESS FOUNDATION WAS FORMED IN 2006 TO CONNECT PEOPLE WITH THE INFORMATION AND RESOURCES THEY NEED TO MAKE AN EDUCATED DECISION ABOUT COCHLEAR IMPLANT SURGERY; AND TO OFFER GUIDANCE AND SUPPORT TO PEOPLE WHO CHOOSE TO BECOME RECIPIENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $33,224

Program Service Revenue $89,905

Investment Income $0

Other Revenue $34,442

TOTAL REVENUE $157,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,022

Fundraising Expenses $0

Program Expenses $21,911

Other Expenses $38,271

TOTAL EXPENSES $48,293

Year-over-Year Comparison

	2023	2022	Change
Revenue	$157,571	$176,695	-0.1%
Expenses	$48,293	$77,543	-0.4%
Net Income	$109,278	$99,152	+0.1%

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

N/A

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
MICHELLE TJELMELAND	PRESIDENT	2.00	Officer Director	$0	$0	$0
MAX KLEMM	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SHERYL KLEMM	DIRECTOR	2.00	Director	$0	$0	$0
CRISTA GEBHARDT	TREASURER/SECRETARY	2.00	Officer Director	$0	$0	$0
MELISSA KLEMM JEROME	DIRECTOR	2.00	Director	$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
2024	No data	No data	No data	No data
2023	$157,571	$48,293	$588,710	$109,278
2022	$176,695	$77,543	$528,326	$99,152
2021	$214,307	$580,348	$463,924	$-366,041
2020	$531,104	$250,477	$862,095	$280,627
2019	$527,088	$400,565	$538,224	$126,523
2018	$633,619	$1,225,922	$371,673	$-592,303

COCHLEAR IMPLANT AWARENESS FOUNDATION INC