HEARSEE (EIN 843025500) - 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

2019

Legal Domicile

Principal Officer

JAMES BLOOMFIELD

Phone

4358628296

Tax Period

2023-01-01 to 2023-12-31

HEARSEE, founded in 2019, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum.

Mission

TO ADVANCE AND REFINE THE ADAPTATION OF MODERN TECHNOLOGY, INCLUDING RFID TECHNOLOGY, TO ENHANCE THE NAVIGATION AND MOBILITY FOR THE BLIND AND VISUALLY IMPAIRED.

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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 $1,368,845

Program Service Revenue $0

Investment Income $288

Other Revenue $0

TOTAL REVENUE $1,369,133

Expense Breakdown

Grants Paid $4,099

Salaries & Benefits $236,418

Fundraising Expenses $0

Program Expenses $1,441,279

Other Expenses $1,222,464

TOTAL EXPENSES $1,462,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,369,133	$826,063	+0.7%
Expenses	$1,462,981	$787,342	+0.9%
Net Income	$-93,848	$38,721	-3.4%

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

$153,111

Total Directors

$153,111

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BLOOMFIELD	PRESIDENT	55.00	Officer Director	$153,111	$0	$153,111
KEITH THURGOOD	VICE PRESIDE	1.00	Director	$0	$0	$0
TIARA RIVERA	SECRETARY	10.00	Director	$0	$0	$0
MICHELLE LEATHERMAN	TREASURER	5.00	Director	$0	$0	$0
TRAVIS MILTON	DIRECTOR	1.00	Officer Director	$0	$0	$0
NATALIA MILTON	DIRECTOR	1.00	Director	$0	$0	$0
EVERETTE BACON	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
2024	No data	No data	No data	No data
2023	$1,369,133	$1,462,981	$31,992	$-93,848
2022	$826,063	$787,342	$128,373	$38,721
2021	$1,530,831	$1,748,802	$90,690	$-217,971
2020	$412,171	$121,109	$305,090	$291,062

HEARSEE