Charlotte Speech and Hearing Center Inc (EIN 560892041) - 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

1967

Legal Domicile

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.

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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 (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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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

$173,996

Total Directors

Key Employees

Highest Compensated

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

Charlotte Speech and Hearing Center Inc