HEARING INDUSTRIES ASSOCIATION INC (EIN 426100157) - Form 990 Financial Analysis & Trantor Score

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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

1955

Legal Domicile

Principal Officer

BRIDGET DOBYAN

Phone

2029750905

Tax Period

2024-01-01 to 2024-12-31

HEARING INDUSTRIES ASSOCIATION INC, founded in 1955, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.8M left a modest 9% surplus.

Mission

Trusted voice on hearing health care for product innovation, patient safety and education and public policy.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,934,769

Program Service Revenue $37,450

Investment Income $43,156

Other Revenue $0

TOTAL REVENUE $2,015,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $429,398

Fundraising Expenses $0

Other Expenses $1,401,146

TOTAL EXPENSES $1,830,544

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,015,375	$2,289,676	-0.1%
Expenses	$1,830,544	$2,358,847	-0.2%
Net Income	$184,831	$-69,171	-3.7%

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

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

$225,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIDGET DOBYAN	Executive Dir.	40.00	Officer	$225,000	$0	$225,000
BRANDON SAWALICH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MIKKEL KNUDSEN	Director	1.00	Director	$0	$0	$0
CARSTEN BUHL	Treasurer	1.00	Director	$0	$0	$0
GARY ROSENBLUM	Director	1.00	Officer Director	$0	$0	$0
SANDY BRANDMEIER	Chairman	1.00	Officer 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	$2,015,375	$1,830,544	$1,754,237	$184,831
2023	$2,289,676	$2,358,847	$1,389,217	$-69,171
2022	$2,457,545	$2,635,360	$1,449,931	$-177,815
2021	$2,588,423	$1,868,378	$2,095,961	$720,045
2020	$1,674,741	$1,473,239	$1,072,622	$201,502
2019	$1,701,730	$1,413,112	$906,827	$288,618
2018	$1,564,375	$1,468,147	$326,919	$96,228

HEARING INDUSTRIES ASSOCIATION INC