STARKEY HEARING FOUNDATION

EIN: 363297852 501(c)(3) Diseases & Disorders

EDINA, MN

Total Revenue
$27,335,385
Total Expenses
$27,034,231
Total Assets
$15,209,082
Net Assets
$14,394,640
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MN
Principal Officer
RICHARD BROWN
Phone
8663543254
Tax Period
2018-01-01 to 2018-12-31

STARKEY HEARING FOUNDATION, founded in 1984, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $27.3M in total revenue in fiscal year 2018.

Mission

GIVE THE GIFT OF HEARING TO THOSE IN NEED EMPOWERING THEM TO ACHIEVE 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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $26,489,301
Program Service Revenue $1,459,265
Investment Income $85,502
Other Revenue $-698,683
TOTAL REVENUE $27,335,385

Expense Breakdown

Grants Paid $16,506,553
Salaries & Benefits $2,643,839
Fundraising Expenses $66,310
Program Expenses $25,624,139
Other Expenses $7,883,839
TOTAL EXPENSES $27,034,231

Year-over-Year Comparison

2018 2017 Change
Revenue $27,335,385 $27,555,292 0.0%
Expenses $27,034,231 $26,697,304 +0.0%
Net Income $301,154 $857,988 -0.6%
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

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Governance

Voting Members
7
Independent Members
7
Employees
36
Volunteers
400

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
$13,445
Total Directors
11
$0
Key Employees
1
$208,944
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD BROWN PRESIDENT/BOARD CHAIR 20.00
Officer Director
$0 $0 $0
ELIZABETH TULACH VICE PRESIDENT/TREASURER 3.00
Officer Director
$0 $0 $0
JEFF PAPINEAU TREASURER 3.00
Officer Director
$0 $0 $0
CINDY MENGES SECRETARY 3.00
Officer Director
$0 $0 $0
ILLYA ASIPIS DIRECTOR 3.00
Director
$0 $0 $0
BOB COHEN DIRECTOR 3.00
Director
$0 $0 $0
BENJAMIN HOPPS DIRECTOR 3.00
Director
$0 $0 $0
GYL KASEWURM DIRECTOR 3.00
Director
$0 $0 $0
DR PAUL NASH DIRECTOR 3.00
Director
$0 $0 $0
GRACE OWENS DIRECTOR 3.00
Director
$0 $0 $0
DR RUDY UNTERTHINER DIRECTOR 3.00
Director
$0 $0 $0
SHARA PACE SECRETARY-NON-VOTING 3.00
Officer
$13,445 $0 $13,445
BRUCE SCHMALTZ CHIEF FINANCIAL OFFICER 40.00
Key Emp
$175,440 $33,504 $208,944
LUQMAN LAWAL DIRECTOR OF GLOBAL HEALTH 40.00
Highest
$116,845 $19,982 $136,827
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
2018 $27,335,385 $27,034,231 $15,209,082 $301,154
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