INTERNATIONAL HEARING SOCIETY

EIN: 381713375

FARMINGTON, MI

Total Revenue
$4,159,635
Total Expenses
$3,777,064
Total Assets
$2,938,200
Net Assets
$1,703,662
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
MI
Principal Officer
PATRICK KOCHANOWSKI
Phone
7345227200
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL HEARING SOCIETY, founded in 1951, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Expenses of $3.8M left a modest 9% surplus.

Mission

PROFESSIONAL MEMBERSHIP ASSOCIATION OPERATING TO PROTECT, REPRESENT, AND PROMOTE THE INTERESTS OF HEARING HEALTHCARE AND HEARING HEALTHCARE PROFESSIONALS

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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 $823,384
Program Service Revenue $3,493,123
Investment Income $22,017
Other Revenue $-178,889
TOTAL REVENUE $4,159,635

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,764,744
Fundraising Expenses $0
Other Expenses $2,012,320
TOTAL EXPENSES $3,777,064

Year-over-Year Comparison

2024 2023 Change
Revenue $4,159,635 $3,870,541 +0.1%
Expenses $3,777,064 $3,811,119 0.0%
Net Income $382,571 $59,422 +5.4%
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
12
Independent Members
12
Employees
28
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
0
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALISSA PARADY EXECUTIVE DI 40.00
Highest
$191,391 $0 $191,391
MICHAEL ANDREOZZI PRESIDENT-EL N/A
Director
$0 $0 $0
AMANDA BONNER GOVERNOR N/A
Director
$0 $0 $0
ANNETTE CROSS PAST PRESIDE N/A
Director
$0 $0 $0
TOBY HILL GOVERNOR N/A
Director
$0 $0 $0
LESLIE HOLDEN GOVERNOR N/A
Director
$0 $0 $0
PATRICK KOCHANOWSKI PRESIDENT N/A
Director
$0 $0 $0
SCOTT LAU GOVERNOR N/A
Director
$0 $0 $0
CAROL MAKSIMOW GOVERNOR N/A
Director
$0 $0 $0
WAYNE MORRIS SECRETARY/GO N/A
Director
$0 $0 $0
LEANNE POLHILL TREASURER/GO N/A
Director
$0 $0 $0
GREG THOMPSON GOVERNOR N/A
Director
$0 $0 $0
LINDA YORK GOVERNOR N/A
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 $4,159,635 $3,777,064 $2,938,200 $382,571
2023 $3,870,541 $3,811,119 $2,453,751 $59,422
2022 $3,289,186 $3,411,197 $1,470,744 $-122,011
2022 $3,253,585 $3,367,187 $2,423,153 $-113,602
2021 $3,212,975 $2,915,879 $1,544,631 $297,096
2020 $2,389,330 $2,223,747 $1,386,786 $165,583
2019 $3,230,721 $2,859,863 $1,321,997 $370,858
2018 $3,164,797 $2,835,782 $972,607 $329,015
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