OLIVE OSMOND HEARING FUND INC (EIN 273190112) - 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

2010

Legal Domicile

Principal Officer

JUSTIN OSMOND

Phone

8017188437

Tax Period

2024-01-01 to 2024-12-31

OLIVE OSMOND HEARING FUND INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $252K in total revenue in fiscal year 2024. Revenue surged 124% from the prior year, signaling strong growth momentum. Net assets of $708K represent 34 months of operating reserves.

Mission

PROMOTE HEARING HEALTH AWARENESS AND ACCOMODATE THE NEEDS OF THE DEAF AND HARD OF HEARING THROUGH COMMUNITY EDUCATION, PROVIDING QUALITY HEARING AIDS TO THE DEAF AND HARD OF HEARING, AND INSPIRING CHILDREN WITH HEARING LOSS TO REACH THEIR POTENTIAL.

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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 $251,897

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $251,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,065

Fundraising Expenses $0

Program Expenses $237,477

Other Expenses $225,844

TOTAL EXPENSES $245,909

Year-over-Year Comparison

	2024	2023	Change
Revenue	$251,897	$112,537	+1.2%
Expenses	$245,909	$681,145	-0.6%
Net Income	$5,988	$-568,608	-1.0%

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

N/A

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

$18,000

Total Directors

$18,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN OSMOND	CEO	15.00	Officer Director	$18,000	$0	$18,000
STEVE BRICK	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI OSMOND	COO	10.00	Officer Director	$0	$0	$0
MARY OSMOND	SECRETARY	1.00	Officer Director	$0	$0	$0
MERRILL OSMOND	DIRECTOR	1.00	Officer Director	$0	$0	$0
SHANE OSMOND	CHAIRMAN	1.00	Director	$0	$0	$0
DOUG SOLSTAD	DIRECTOR	1.00	Director	$0	$0	$0
VICKI WARTMAN	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE MEYFOHRT	EXECUTIVE DI	10.00	Officer	$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	$251,897	$245,909	$710,794	$5,988
2023	$112,537	$681,145	$701,679	$-568,608
2022	$110,292	$66,173	$1,270,287	$44,119
2021	$20,139	$274,921	$1,226,489	$-254,782
2020	$135,217	$169,630	$1,481,651	$-34,413
2019	$319,344	$158,436	$1,516,064	$160,908
2018	$328,690	$303,679	$1,355,833	$25,011

OLIVE OSMOND HEARING FUND INC