FOUNDATION FOR HEARING AND SPEECH … - Form 990 Financial Data

🔒

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

Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

HEATHER BENNETT

Phone

7733403477

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR HEARING AND SPEECH RESOURCES, founded in 1956, is a small nonprofit in the Health Care sector that reported $319K in total revenue in fiscal year 2023. Expenses of $498K exceeded revenue, resulting in a 56% operating deficit.

Mission

RAISE FUNDS TO SUPPORT PROGRAMS WHICH ASSURE THAT INDIVIDUALS WITH HEARING AND COMMUNICATION DISORDERS HAVE THE OPPORTUNITY TO DEVELOP TO THEIR FULL POTENTIAL, ENJOY THE SAME SOCIAL AND EDUCATIONAL OPPORTUNITIES AS THEIR PEERS, AND LEAD HEALTHY AND FULFILLING LIVES.

Program Service Accomplishments

Program 1

Expenses: $147,513

SUPPORT OF INNOVATIVE CLINICAL SERVICES, RESEARCH AND TRAINING PROGRAMS THAT ENABLE INDIVIDUALS WITH COMMUNICATIVE DISORDERS TO PARTICIPATE FULLY IN SOCIETY.

Program 2

Expenses: $114,831

THE MUSIC TO MY EARS SCHOLARSHIP PROGRAM PROVIDES EARLY CHILDHOOD MUSIC ENRICHMENT PROGRAMS, INSTRUMENT LESSONS TUITION SCHOLARSHIPS AND SMALL GROUP MUSIC THERAPY IN ADDITION TO SCHOOL-BASED MUSIC...

THE MUSIC TO MY EARS SCHOLARSHIP PROGRAM PROVIDES EARLY CHILDHOOD MUSIC ENRICHMENT PROGRAMS, INSTRUMENT LESSONS TUITION SCHOLARSHIPS AND SMALL GROUP MUSIC THERAPY IN ADDITION TO SCHOOL-BASED MUSIC PROGRAMS FOR CHILDREN BORN WITH HEARING LOSS UP TO FOUR YEARS OF AGE.

Program 3

Expenses: $74,059

THE EARS PROGRAMS ARE EDUCATION, ADVOCACY AND RESOURCES CREATED TO SUPPORT DEAF AND HARD OF HEARING CHILDREN AND THEIR FAMILIES THROUGH LITERACY PROGRAMS, TRAINING FOR VARIOUS STAGES OF DEVELOPMENT...

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $287,457

Program Service Revenue $0

Investment Income $40,350

Other Revenue $-8,833

TOTAL REVENUE $318,974

Expense Breakdown

Grants Paid $122,502

Salaries & Benefits $99,770

Fundraising Expenses $105,614

Program Expenses $336,403

Other Expenses $275,966

TOTAL EXPENSES $498,238

Year-over-Year Comparison

	2023	2022	Change
Revenue	$318,974	$299,092	+0.1%
Expenses	$498,238	$289,778	+0.7%
Net Income	$-179,264	$9,314	-20.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$80,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER BENNETT	CO-CHAIR	4.00	Officer Director	$0	$0	$0
ROBERT RADASEVICH	CO-CHAIR	4.00	Officer Director	$0	$0	$0
DAN LOCKWOOD	TREASURER	4.00	Officer Director	$0	$0	$0
STEVEN SALZMAN	DIRECTOR	3.00	Officer Director	$0	$0	$0
ROBERT HANDLER	DIRECTOR	1.00	Officer Director	$0	$0	$0
JAMES G BOROVSKY	DIRECTOR	4.00	Director	$0	$0	$0
DAVID GELFAND	DIRECTOR	1.50	Director	$0	$0	$0
ELLEN BABBITT	DIRECTOR	2.00	Director	$0	$0	$0
PAUL LURIE	DIRECTOR	2.00	Director	$0	$0	$0
CAREY R GELFAND	DIRECTOR	1.50	Director	$0	$0	$0
JENNIFER EVANGELIDES	DIRECTOR	2.00	Director	$0	$0	$0
STEVE HALLENBECK	DIRECTOR	3.00	Director	$0	$0	$0
ERIK KESSLER	DIRECTOR	2.00	Director	$0	$0	$0
LINDSEY SAXON	DIRECTOR THROUGH JUNE 2023	2.00	Director	$0	$0	$0
ANNA TESS	DIRECTOR	2.00	Director	$0	$0	$0
BRETT FEALY	DIRECTOR	0.50	Director	$0	$0	$0
KRISTEN VAN DYKE	EXECUTIVE DIRECTOR	30.00	Officer	$80,000	$0	$80,000

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	No data	No data	No data	No data
2023	$318,974	$498,238	$2,528,069	$-179,264
2022	$299,092	$289,778	$2,358,006	$9,314
2021	$485,683	$217,170	$2,685,405	$268,513
2020	$162,167	$170,211	$2,359,415	$-8,044
2019	$159,367	$158,395	$2,163,105	$972
2018	$298,135	$208,105	$1,917,751	$90,030

FOUNDATION FOR HEARING AND SPEECH RESOURCES