HEAR SCHOLARSHIP FOUNDATION INC (EIN 813131165) - 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

2017

Legal Domicile

Principal Officer

AUDREY MALONE

Phone

8478349124

Tax Period

2024-04-01 to 2025-03-31

HEAR SCHOLARSHIP FOUNDATION INC, founded in 2017, is a small nonprofit in the Education sector that reported $287K in total revenue in fiscal year 2018. The organization ran a surplus of $150K, a strong 52% operating margin.

Mission

HEAR PROVIDES FINANCIAL ASSITANCE AND A COLLEGE SUCCESS PROGRAM TO LOW- INCOME CHICAGOLAND.

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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 $538,366

Program Service Revenue $0

Investment Income $18,942

Other Revenue $2,029

TOTAL REVENUE $559,337

Expense Breakdown

Grants Paid $424,363

Salaries & Benefits $0

Fundraising Expenses $104,351

Program Expenses $523,016

Other Expenses $356,892

TOTAL EXPENSES $781,255

Year-over-Year Comparison

	2024	2023	Change
Revenue	$559,337	$651,438	-0.1%
Expenses	$781,255	$767,739	+0.0%
Net Income	$-221,918	$-116,301	+0.9%

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
GREG CADICHON	DIRECTORR	1.00	Director	$0	$0	$0
SANTIAGO CANDOCIA	DIRECTOR	1.00	Director	$0	$0	$0
TERESA DEVEREUX	BOARD PRESID	1.00	Officer Director	$0	$0	$0
PABLO ESPARZA	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HALL	DIRECTOR	1.00	Director	$0	$0	$0
MARY KATE HATFIELD	SCHOLARSHIP	1.00	Director	$0	$0	$0
DANA KIRKEGAARD	FUNDRAISING	1.00	Director	$0	$0	$0
JENNIFER LANGSTON	DIRECTOR	1.00	Director	$0	$0	$0
AUDREY MALONE	TREASURER	1.00	Officer Director	$0	$0	$0
RULA MARZIANI	FUNDRAISING	1.00	Director	$0	$0	$0
GEORGE SILCA	BOARD MEMBER	1.00	Director	$0	$0	$0
RANA STRELLIS	DIRECTOR	1.00	Director	$0	$0	$0
JIM ZIEMBA	VICE PRESIDE	1.00	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	$559,337	$781,255	$1,253,126	$-221,918
2025	No data	No data	No data	No data
2024	$651,438	$767,739	$1,433,029	$-116,301
2022	$982,224	$718,541	$1,730,397	$263,683
2021	$455,705	$601,481	$1,416,807	$-145,776
2020	$484,752	$600,036	$1,563,587	$-115,284
2019	$1,872,269	$351,407	$1,671,116	$1,520,862
2018	$287,095	$137,405	$149,690	$149,690

HEAR SCHOLARSHIP FOUNDATION INC