Hearts for Hearing Foundation

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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

2003

Legal Domicile

Phone

4055484300

Tax Period

2024-07-01 to 2025-06-30

Hearts for Hearing Foundation, founded in 2003, is a mid-sized nonprofit in the Human Services sector that reported $22.1M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 22% operating margin.

Mission

HEARTS FOR HEARING ADVOCATES FOR, EDUCATES ABOUT, AND INNOVATIVELY PROVIDES COMPREHENSIVE, LIFE-CHANGING HEARING HEALTHCARE FOR ALL AGES.

Program Service Accomplishments

Program 1

Expenses: $15,722,138 Revenue: $8,541,986

HEARTS FOR HEARING ADVOCATES FOR, EDUCATES ABOUT, AND INNOVATIVELY PROVIDES COMPREHENSIVE, LIFE-CHANGING HEARING HEALTHCARE FOR ALL AGES. IN ADDITION TO THE NEWBORN HEARING SCREENING DONE IN...

HEARTS FOR HEARING ADVOCATES FOR, EDUCATES ABOUT, AND INNOVATIVELY PROVIDES COMPREHENSIVE, LIFE-CHANGING HEARING HEALTHCARE FOR ALL AGES. IN ADDITION TO THE NEWBORN HEARING SCREENING DONE IN HOSPITALS AND THE DIAGNOSIS OF HEARING LOSS IN BABIES SHORTLY AFTER BIRTH, WE PROVIDE THE FIRST SET OF HEARING AIDS TO EVERY CHILD IN OKLAHOMA UNDER THE AGE OF 18 AT NO COST TO THE FAMILY. IN ADDITION TO THE FITTING OF HEARING AIDS AND REMOTE MICROPHONE TECHNOLOGY, WE ARE A COMPREHENSIVE COCHLEAR IMPLANT CENTER FOR CHILDREN AND ADULTS AND OFFER COCHLEAR IMPLANT MAPPING, LISTENING AND SPOKEN LANGUAGE SERVICES (LSL), "BRIDGES" GROUP THERAPY AND COMMUNITY HEARING SCREENING PROGRAMS. HEARTS FOR HEARING ALSO CONTRIBUTES TO THE KNOWLEDGE BASE WORLDWIDE IN THE FIELD OF HEARING AID AND COCHLEAR IMPLANT TECHNOLOGY THROUGH ROBUST RESEARCH INITIATIVE.

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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 $12,789,346

Program Service Revenue $8,541,986

Investment Income $699,638

Other Revenue $54,864

TOTAL REVENUE $22,085,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,256,746

Fundraising Expenses $616,688

Program Expenses $15,722,138

Other Expenses $5,901,562

TOTAL EXPENSES $17,158,308

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,085,834	$16,844,773	+0.3%
Expenses	$17,158,308	$16,271,759	+0.1%
Net Income	$4,927,526	$573,014	+7.6%

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

219

Volunteers

100

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

$612,908

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lauren Warkentine	Treasurer	1.0	Officer Director	$0	$0	$0
Nova Hammersley	Board Chair	1.0	Officer Director	$0	$0	$0
Cathy Cross	Director	1.0	Director	$0	$0	$0
Danielle McCool	Director	1.0	Director	$0	$0	$0
Danita Testerman	Finance Committee Chair	1.0	Director	$0	$0	$0
David Birdwell	Past Chair	1.0	Director	$0	$0	$0
Heather Hurley	Director	1.0	Director	$0	$0	$0
Heather Pike	Director	1.0	Director	$0	$0	$0
Jim Morris	Director	1.0	Director	$0	$0	$0
Johnny Stephens	Director	1.0	Director	$0	$0	$0
Libby Howard	Director	1.0	Director	$0	$0	$0
Madison Nash	Director	1.0	Director	$0	$0	$0
Mike Keester	Director	1.0	Director	$0	$0	$0
Mike Terry	Governance Committee Chair	1.0	Director	$0	$0	$0
Randy Corp	Director	1.0	Director	$0	$0	$0
Robert Gary	Past Chair	1.0	Director	$0	$0	$0
Darcy L Stowe	CRO End: 4/13/2024/ Interim CEO Start: 4/14/2025	40.0	Officer	$151,495	$24,306	$175,801
Jennifer Burton	CEO End: 4/13/2025	40.0	Officer	$248,463	$22,104	$270,567
Tammy Durant	CFO	40.0	Officer	$148,156	$18,384	$166,540
Esther Kim	Director of Adult Clinic	40.0	Highest	$174,990	$13,424	$188,414
Kris Hopper	Chief External Affairs Officer	40.0	Highest	$201,694	$20,399	$222,093
Lindsay Hanna	Chief Administration Officer	40.0	Highest	$151,447	$25,756	$177,203
Robert Wood	Chief Info & Tech Officer	40.0	Highest	$158,824	$27,653	$186,477
Shannon Winters	Manager of Adult Clinic	40.0	Highest	$153,889	$11,541	$165,430
Joanna Smith	CEO End: 6/30/2024	40.0		$160,381	$13,232	$173,613
Kristi Murphy	Former CFO/ Director of Finance	40.0		$113,573	$26,948	$140,521

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	$22,085,834	$17,158,308	$33,958,251	$4,927,526
2024	$16,844,773	$16,271,759	$26,138,796	$573,014
2023	$12,952,511	$13,631,701	$24,532,604	$-679,190
2022	$19,664,408	$12,154,741	$24,333,174	$7,509,667
2021	$11,588,633	$10,619,350	$18,336,084	$969,283
2020	$10,231,160	$9,653,240	$17,557,139	$577,920
2019	$10,229,228	$8,238,627	$16,034,989	$1,990,601