OLIVE OSMOND HEARING FUND INC

EIN: 273190112 501(c)(3) Human Services

ST GEORGE, UT

Total Revenue
$251,897
Total Expenses
$245,909
Total Assets
$710,794
Net Assets
$707,667
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
UT
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.

Program Service Accomplishments

Program 1
Expenses: $199,581

PRODUCE AN ANNUAL CELEBRATION ON THE UTAH STATE HOLIDAY PIONEER DAY CALLED THE PIONEER LEGACY CELEBRATION AND TO USE THE EVENT TO PROMOTE AWARENESS OF THE NEEDS OF THE DEAF AND HARD OF HEARING...

Read more

PRODUCE AN ANNUAL CELEBRATION ON THE UTAH STATE HOLIDAY PIONEER DAY CALLED THE PIONEER LEGACY CELEBRATION AND TO USE THE EVENT TO PROMOTE AWARENESS OF THE NEEDS OF THE DEAF AND HARD OF HEARING COMMUNITY WITH THE FURTHER PURPOSE OF HONORING AND MAINTAINING THE LEGACY OF THE AREA PIONEER HERITAGE.

Program 2
Expenses: $37,896

PROVIDE PROGRAMS AND RESOURCES TO HELP THE DEAF AND HARD OF HEARING INCLUDING HERE TO HEAR, A PROGRAM FOR THE ACQUISITION OF HEARING AIDS; MUSIC TO YOUR EARS PROGRAM WHICH RAISES AWARENESS OF THE...

Read more

PROVIDE PROGRAMS AND RESOURCES TO HELP THE DEAF AND HARD OF HEARING INCLUDING HERE TO HEAR, A PROGRAM FOR THE ACQUISITION OF HEARING AIDS; MUSIC TO YOUR EARS PROGRAM WHICH RAISES AWARENESS OF THE POSTIIVE IMPACT MUSIC HAS ON DEAF AND HARD OF HEARING AND THE USE OF MUSIC EDUCATION TO IMPROVE ACADEMIC ACHIEVEMENT, MOTIVATION FOR LEARNING, AND SELF- CONFIDENCE. THE RECYCLING AND REFURBISHIN OF USED HEARING AIDS TO PROVIDE OPPORTUNITIES FOR THOSE WHO CANNOT OTHERWISE AFFORD HEARING AIDS, AND HEAR 2 MOTIVATE, A PROGRAM THAT PROVIDES HEARING HEALTH AWARENESS TO THE DEAF AND HARD OF HEARING AND THEIR FAMILIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
N/A
Employees
1
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
5
$18,000
Total Directors
8
$18,000
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
Top 100 Nonprofits in Utah Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare OLIVE OSMOND HEARING FUND INC with other nonprofits in Utah and across the country.