THE HEARING AID FOUNDATION

EIN: 416048325 501(c)(3) Diseases & Disorders

FARMINGTON, MI

Total Revenue
$1,494
Total Expenses
$4,170
Total Assets
$8,030
Net Assets
$185
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2006
Principal Officer
MICHAEL GEDEON
Phone
7345227200
Tax Period
2023-01-01 to 2023-12-31

THE HEARING AID FOUNDATION, founded in 2006, is a micro nonprofit in the Diseases & Disorders sector that reported $1K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $4K exceeded revenue, resulting in a 179% operating deficit.

Mission

ITS A FOUNDATION THAT FUNDS EDUCATIONAL INITIATIVES RELATED TO HEARING HEALTHCARE.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,494
Other Revenue $0
TOTAL REVENUE $1,494

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $270
Other Expenses $4,170
TOTAL EXPENSES $4,170

Year-over-Year Comparison

2023 2022 Change
Revenue $1,494 $1,600 -0.1%
Expenses $4,170 $3,900 +0.1%
Net Income $-2,676 $-2,300 +0.2%
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

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
6
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALISSA PARADY EXECUTIVE DI N/A
Officer Director
$0 $0 $0
LEANNE POLHILL TREASURER N/A
Officer
$0 $0 $0
EDWARD LYBARGER SECRETARY N/A
Officer
$0 $0 $0
RICK GILES DIRECTOR N/A
Officer
$0 $0 $0
PAT CONNELLY DIRECTOR N/A
Officer
$0 $0 $0
MICHAEL GEDEON CHAIRMAN N/A
Officer
$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
2023 $1,494 $4,170 $8,030 $-2,676
2022 $1,600 $3,900 $6,761 $-2,300
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE HEARING AID FOUNDATION with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.