CAROLINA EAR RESEARCH INSTITUTE (EIN 561848758) - 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

1993

Legal Domicile

Principal Officer

JOHN T MCELVEENJRPRINCIPAL OFFICER

Phone

9198764327

Tax Period

2023-07-01 to 2024-06-30

CAROLINA EAR RESEARCH INSTITUTE, founded in 1993, is a small nonprofit in the Medical Research sector that reported $298K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $333K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO EDUCATE OTOLARYNGOLOGISTS, PRIMARY CARE PHYSICANS, NEUROTOLOGISTS AND NEUROSURGEONS IN THE AREA OF HEARING HEALTH, CHRONIC EAR DISEASE, VESTIBULAR DYSFUNCTION, COCHLEAR IMPLANTS, HEARING AIDS, FACIAL NERVE DYSFUNCTION AND OTOLARYNGOLOGY.

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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 $51

Program Service Revenue $0

Investment Income $4,142

Other Revenue $294,226

TOTAL REVENUE $298,419

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $307,718

Other Expenses $333,110

TOTAL EXPENSES $333,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,419	$221,465	+0.3%
Expenses	$333,110	$199,968	+0.7%
Net Income	$-34,691	$21,497	-2.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN T MCELVEEN JR MD	President	10.00	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
2025	No data	No data	No data	No data
2024	$298,419	$333,110	$202,874	$-34,691
2023	$221,465	$199,968	$237,836	$21,497
2022	$236,471	$414,445	$216,068	$-177,974
2021	$100,538	$47,943	$394,042	$52,595
2020	$141,687	$159,216	$341,447	$-17,529
2019	$151,141	$117,143	$403,391	$33,998
2018	$61,679	$160,755	$328,623	$-99,076

CAROLINA EAR RESEARCH INSTITUTE