Charlotte Speech and Hearing Center Inc

EIN: 560892041 501(c)(3) Health Care

Charlotte, NC

Total Revenue
$3,100,677
Total Expenses
$3,229,540
Total Assets
$2,465,609
Net Assets
$1,683,577
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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
NC
Principal Officer
Shannon Tucker
Phone
7045238027
Tax Period
2023-07-01 to 2024-06-30

Charlotte Speech and Hearing Center Inc, founded in 1967, is a community nonprofit in the Health Care sector that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

Providing access to superior speech-language and hearing services that empower and transform lives.

Program Service Accomplishments

Program 1
Expenses: $2,091,689 Revenue: $1,677,516

Speech:A full range of family-centered speech-language services, including prevention, identification and intervention services, is provided by our speech-language department. This department...

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Speech:A full range of family-centered speech-language services, including prevention, identification and intervention services, is provided by our speech-language department. This department typically reaches approximately 3,500 individuals each year, whether in-person or via Tele-Health services. We are involved in many collaborative programs for at-risk children throughout our community. These include speech-language and literacy programs at disadvantaged preschools and child development centers, services to children with severe emotional-behavioral problems at residential schools and a speech-language and hearing identification project for low-income daycares throughout the Charlotte area. Our Assistance Fund provides free or reduced cost speech-language services to low-income individuals with communication disorders in our community. We provide over 2,500 screenings each year and strive to connect all of those children needing follow up with community resources. Our caregiver education outcomes demonstrate real change in how parents and teachers provide language and literacy stimulation to children they care for. Finally, by tracking the functional changes in our patients abilities we have shown that our intervention services are making huge impact in the lives of those we serve as over 90% meet their goals each year. We are proud that our outcomes, year after year, demonstrate tremendous impact on our community.

Program 2
Expenses: $613,814 Revenue: $411,074

Hearing: Our Hearing Services department typically serves approximately 800 individuals each year including our newly expanded options for drive-up and portable audiology devices. Our Hearing Service...

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Hearing: Our Hearing Services department typically serves approximately 800 individuals each year including our newly expanded options for drive-up and portable audiology devices. Our Hearing Service Bank provides free or reduced cost hearing aids and services to low-income children and seniors who otherwise would face a disabling communication disorder with many adverse consequences. The gift of hearing provides an increased quality of life, a sense of security and often the only path to employment and independence for older adults. For children the ability to hear and communicate is vital to their future; we want to give them the key to unlocking a world that they can succeed in. Each year our outcomes demonstrate that we succeed in making positive and significant impact in the lives of those we serve as over 95% of our patients indicate a significant improvement in their quality of life and ability to communicate.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,022,697
Program Service Revenue $2,028,451
Investment Income $36,406
Other Revenue $13,123
TOTAL REVENUE $3,100,677

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,550,428
Fundraising Expenses $216,124
Program Expenses $2,705,503
Other Expenses $679,112
TOTAL EXPENSES $3,229,540

Year-over-Year Comparison

2023 2022 Change
Revenue $3,100,677 $2,762,929 +0.1%
Expenses $3,229,540 $2,776,982 +0.2%
Net Income $-128,863 $-14,053 +8.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
39
Volunteers
20

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
5
$173,996
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shannon Tucker Executive Dir. 40.00
Officer
$155,571 $18,425 $173,996
Wallace Saunders Director 1.00
Director
$0 $0 $0
Brian Baltosiewich Director 1.00
Director
$0 $0 $0
Christina Metheney Director 1.00
Director
$0 $0 $0
Abhi Banarjee Director 1.00
Director
$0 $0 $0
Taryn Mecia Secretary 1.00
Officer Director
$0 $0 $0
Jad Jabbour Director 1.00
Director
$0 $0 $0
Blake Narr Vice Chair 1.00
Officer Director
$0 $0 $0
Gaurav Sharma Director 1.00
Director
$0 $0 $0
Sasha Weintraub Director 1.00
Director
$0 $0 $0
Jayna Altman Director 1.00
Director
$0 $0 $0
Rachel Coyne Director 1.00
Director
$0 $0 $0
Susan Dion Chairman 1.00
Officer Director
$0 $0 $0
Erin Kelley Treasurer 1.00
Officer Director
$0 $0 $0
Briana McNeil Director 1.00
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
2025 No data No data No data No data
2024 $3,100,677 $3,229,540 $2,465,609 $-128,863
2023 $2,762,929 $2,776,982 $2,027,176 $-14,053
2022 $2,525,265 $2,468,220 $1,867,242 $57,045
2021 $2,394,710 $2,283,565 $1,921,877 $111,145
2020 $2,255,537 $2,297,241 $1,846,688 $-41,704
2019 $2,279,507 $2,176,183 $1,816,554 $103,324
2018 $2,044,411 $1,972,135 $1,682,594 $72,276
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