CLEVELAND HEARING AND SPEECH CENTER

EIN: 340714648 501(c)(3)

CLEVELAND, OH

Total Revenue
$6,678,704
Total Expenses
$7,373,001
Total Assets
$12,180,494
Net Assets
$9,926,658
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
OH
Principal Officer
JENNELL C VICK PHD
Phone
2162318787
Tax Period
2024-01-01 to 2024-12-31

CLEVELAND HEARING AND SPEECH CENTER, founded in 1945, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $7.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

CLEVELAND HEARING & SPEECH IS THE PREMIER PROVIDER OF HEARING, SPEECH-LANGUAGE AND DEAF SERVICES, EDUCATION, AND ADVOCACY HELPING PEOPLE CONNECT THROUGH COMMUNICATION.

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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 $1,850,458
Program Service Revenue $3,860,925
Investment Income $984,259
Other Revenue $-16,938
TOTAL REVENUE $6,678,704

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,756,165
Fundraising Expenses $536,433
Program Expenses $5,786,630
Other Expenses $2,616,836
TOTAL EXPENSES $7,373,001

Year-over-Year Comparison

2024 2023 Change
Revenue $6,678,704 $8,271,105 -0.2%
Expenses $7,373,001 $7,577,599 0.0%
Net Income $-694,297 $693,506 -2.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
34
Independent Members
34
Employees
76
Volunteers
79

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
4
$183,770
Total Directors
34
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MONICA BOWE PRESIDENT 2.00
Officer Director
$0 $0 $0
STEVE BOZARTH TREASURER 2.00
Officer Director
$0 $0 $0
TOM ABELSON SECRETARY/DIRECTOR 2.00
Officer Director
$0 $0 $0
KAREN BAILO DIRECTOR 2.00
Director
$0 $0 $0
TERRI EASON DIRECTOR 2.00
Director
$0 $0 $0
GROVER CLEVE GILMORE DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL GOLER DIRECTOR 2.00
Director
$0 $0 $0
MAXINE LANDERS DIRECTOR 2.00
Director
$0 $0 $0
DONALD MESSINGER DIRECTOR 2.00
Director
$0 $0 $0
ROSEMARY SWEENEY DIRECTOR 2.00
Director
$0 $0 $0
THOMAS WEBER DIRECTOR 2.00
Director
$0 $0 $0
JON WISE DIRECTOR 2.00
Director
$0 $0 $0
CHRISTA ABOOD DIRECTOR 2.00
Director
$0 $0 $0
MATTHEW BARBARA DIRECTOR 2.00
Director
$0 $0 $0
JOSEPH BRADY DIRECTOR 2.00
Director
$0 $0 $0
PHIL CARINO DIRECTOR 2.00
Director
$0 $0 $0
DAVE CHUDOWSKY DIRECTOR 2.00
Director
$0 $0 $0
JOE CONLEY DIRECTOR 2.00
Director
$0 $0 $0
ANTHONY COSTANZO DIRECTOR 2.00
Director
$0 $0 $0
MEGAN CULBERTSON DIRECTOR 2.00
Director
$0 $0 $0
LINDA DAVIS DIRECTOR 2.00
Director
$0 $0 $0
TRISH FORD DIRECTOR 2.00
Director
$0 $0 $0
AMY HUDAK DIRECTOR 2.00
Director
$0 $0 $0
TERRY KILLEEN TREASURER 2.00
Director
$0 $0 $0
LAURA KLEINMAN DIRECTOR 2.00
Director
$0 $0 $0
KELLY KOSEK DIRECTOR 2.00
Director
$0 $0 $0
CHARLES PAT PATTISON DIRECTOR 2.00
Director
$0 $0 $0
DOUGLAS PIPER DIRECTOR 2.00
Director
$0 $0 $0
THOMAS RITZERT DIRECTOR 2.00
Director
$0 $0 $0
JEAN SARLSON DIRECTOR 2.00
Director
$0 $0 $0
JEREMY SHARP DIRECTOR 2.00
Director
$0 $0 $0
JAMES SCHAUM DIRECTOR 2.00
Director
$0 $0 $0
STEVE SHORE DIRECTOR 2.00
Director
$0 $0 $0
SHELDON WRAY DIRECTOR 2.00
Director
$0 $0 $0
JENNELL C VICK EXECUTIVE DIRECTOR 40.00
Officer
$183,770 $0 $183,770
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 $6,678,704 $7,373,001 $12,180,494 $-694,297
2023 $8,271,105 $7,577,599 $11,265,625 $693,506
2022 $5,098,315 $7,391,812 $20,973,526 $-2,293,497
2021 $6,268,449 $6,239,626 $27,375,166 $28,823
2020 $5,179,446 $6,040,286 $26,235,538 $-860,840
2019 $5,367,367 $6,114,274 $26,331,903 $-746,907
2018 $4,690,926 $5,613,879 $25,782,495 $-922,953
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