HEARCARE CONNECTION INC (EIN 452803181) - 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

2011

Legal Domicile

Principal Officer

CHRIS NIEZER

Phone

2606023276

Tax Period

2024-01-01 to 2024-12-31

HEARCARE CONNECTION INC, founded in 2011, is a small nonprofit in the Health Care sector that reported $940K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO BUILD THE SELF-WORTH OF INDIVIDUALS BY RESTORING THEIR HEARING POTENTIAL AND PROVIDING THEM WITH OPPORTUNITIES TO ENGAGE WITH THEIR COMMUNITIES THROUGH SERVICE TO OTHERS.

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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 $462,984

Program Service Revenue $479,766

Investment Income $-1,029

Other Revenue $-1,954

TOTAL REVENUE $939,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $567,872

Fundraising Expenses $136,859

Program Expenses $757,312

Other Expenses $398,323

TOTAL EXPENSES $966,195

Year-over-Year Comparison

	2024	2023	Change
Revenue	$939,767	$598,874	+0.6%
Expenses	$966,195	$749,392	+0.3%
Net Income	$-26,428	$-150,518	-0.8%

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

$89,478

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH SILVA	EXECUTIVE DI	40.00	Officer	$89,478	$0	$89,478
CHRIS NIEZER	CHAIR	2.00	Officer Director	$0	$0	$0
LISA SWOGGER	SECRETARY	1.00	Officer Director	$0	$0	$0
JAY BAUMGARTNER	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF ALBERT	DIRECTOR	0.75	Director	$0	$0	$0
NATALIE MAKOWSKI	DIRECTOR	0.75	Director	$0	$0	$0
ANN MARIE NOLL	DIRECTOR	0.75	Director	$0	$0	$0
JEREMY REIDY	DIRECTOR	0.75	Director	$0	$0	$0
CAMILLE SMITH	DIRECTOR	0.75	Director	$0	$0	$0
RON PINTER	DIRECTOR	0.75	Director	$0	$0	$0
SHELLEY ZERN	DIRECTOR	0.75	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	$939,767	$966,195	$495,001	$-26,428
2023	$598,874	$749,392	$485,374	$-150,518
2022	$1,005,962	$953,243	$671,815	$52,719
2021	$766,264	$814,672	$333,949	$-48,408
2020	$716,594	$733,357	$380,395	$-16,763
2019	$659,283	$758,160	$328,027	$-98,877

HEARCARE CONNECTION INC