American Hearing Research Foundation

EIN: 362612784 501(c)(3) Medical Research

Chicago, IL

Total Revenue
$385,525
Total Expenses
$598,361
Total Assets
$16,290,975
Net Assets
$15,849,425
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
IL
Phone
7737477280
Tax Period
2024-01-01 to 2024-12-31

American Hearing Research Foundation, founded in 1966, is a small nonprofit in the Medical Research sector that reported $386K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $598K exceeded revenue, resulting in a 55% operating deficit.

Mission

The American Hearing Research Foundation serves two vital roles: to fund significant research in hearing and balance disorders, and to help educate the public about hearing loss and balance disorders related to the inner ear.

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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 $103,938
Program Service Revenue $0
Investment Income $281,587
Other Revenue $0
TOTAL REVENUE $385,525

Expense Breakdown

Grants Paid $441,550
Salaries & Benefits $0
Fundraising Expenses $15,743
Program Expenses $516,727
Other Expenses $156,811
TOTAL EXPENSES $598,361

Year-over-Year Comparison

2024 2023 Change
Revenue $385,525 $715,200 -0.5%
Expenses $598,361 $537,119 +0.1%
Net Income $-212,836 $178,081 -2.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
21

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
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alan Micco MD President 0.00
Officer Director
$0 $0 $0
Mark R Muench Chairman 1.00
Officer Director
$0 $0 $0
David Wuertz CFA Treasurer 1.00
Officer Director
$0 $0 $0
Donna S Whitlon PhD Director 2.00
Director
$0 $0 $0
Michael Hoffer MD FACS Director 0.00
Director
$0 $0 $0
Marvin T Keeling Secretary 0.00
Officer Director
$0 $0 $0
David A Klodd PhD Director 0.00
Director
$0 $0 $0
William L Lederer Director 0.00
Director
$0 $0 $0
Anna Lysakowski PhD Director 0.00
Director
$0 $0 $0
Katie Mertz JD Director 0.00
Director
$0 $0 $0
Enrico J Mirabelli Esq Director 0.00
Director
$0 $0 $0
Susan Knight Director 0.00
Director
$0 $0 $0
William Knight Director 0.00
Director
$0 $0 $0
Richard Muench Director 0.00
Director
$0 $0 $0
Bobby Arnold Director 0.00
Director
$0 $0 $0
Kelly Keeling Director 0.00
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 $385,525 $598,361 $16,290,975 $-212,836
2023 $715,200 $537,119 $13,953,489 $178,081
2022 $301,706 $489,596 $11,509,525 $-187,890
2021 $402,176 $443,216 $14,460,059 $-41,040
2020 $343,982 $396,634 $12,189,995 $-52,652
2019 $1,134,160 $405,348 $10,719,704 $728,812
2018 $245,922 $355,507 $8,274,637 $-109,585
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