CITRUS HEARING IMPAIRED PROGRAM SERVICES INC (EIN 593068965) - 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

1988

Legal Domicile

Principal Officer

MAUREEN TAMBASCO

Phone

3527955000

Tax Period

2024-01-01 to 2024-12-31

CITRUS HEARING IMPAIRED PROGRAM SERVICES INC, founded in 1988, is a small nonprofit in the Human Services sector that reported $820K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE PRIMARY MISSION OF CITRUS HEARING IMPAIRED PROGRAM SERVICES OF CITRUS COUNTY IS TO ASSURE AND ENHANCE THE QUALITY OF LIFE FOR THE DEAF, HARD OF HEARING AND SPEECH IMPAIRED INDIVIDUALS OF CITRUS COUNTY, ASSURING THAT NO OPPORTUNITY BE DENIED TO ANYONE AS A RESULT OF HEARING OR SPEECH IMPAIRMENT, AND TO CONTINUE TO DEVELOP SERVICES AND PROGRAMS GEARED TOWARD ALLEVIATING COMMUNICATION BARRIERS.

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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 $1,701

Program Service Revenue $815,400

Investment Income $1,806

Other Revenue $645

TOTAL REVENUE $819,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,619

Fundraising Expenses $0

Program Expenses $836,713

Other Expenses $735,244

TOTAL EXPENSES $859,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$819,552	$730,692	+0.1%
Expenses	$859,863	$726,094	+0.2%
Net Income	$-40,311	$4,598	-9.8%

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

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

$46,940

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN TAMBASCO	EXECTIVE DIR	40.00	Officer	$46,940	$0	$46,940
BRIAN MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
MARYBETH NAYFIELD	DIRECTOR	2.00	Director	$0	$0	$0
BETTY MURPHY	PRESIDENT	2.00	Officer	$0	$0	$0
CHERYL SHEETS	SECRETARY	2.00	Officer	$0	$0	$0
LUTHER WAYNE TODD	TREASURER	2.00	Officer	$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	$819,552	$859,863	$449,084	$-40,311
2023	$730,692	$726,094	$489,457	$4,598
2022	$703,794	$697,905	$484,864	$5,889
2021	$934,789	$855,528	$479,125	$79,261
2020	$820,464	$754,526	$399,704	$65,938
2019	$848,045	$758,733	$334,633	$89,312
2018	$573,707	$516,625	$245,075	$57,082

CITRUS HEARING IMPAIRED PROGRAM SERVICES INC