LIFE SOUNDS AUDIOLOGY INC (EIN 845129639) - 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

2020

Legal Domicile

Principal Officer

NICOLE BALL

Phone

7166505088

Tax Period

2024-06-01 to 2025-05-31

LIFE SOUNDS AUDIOLOGY INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $696K in total revenue in fiscal year 2024. The organization ran a surplus of $184K, a strong 26% operating margin.

Mission

LIFE SOUNDS AUDIOLOGY, INC. (THE ORGANIZATION"), IS A NOT-FOR-PROFIT ORGANIZATION INCORPORATED TO INCREASE ACCESS TO PREMIUM AUDIOLOGY SERVICES TO INDIVIDUALS IN NEW YORK STATE AND OUTSIDE OF NEW YORK STATE BY PROVIDING TELEHEALTH, IN ACCORDANCE WITH STATE REGULATIONS.

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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 $0

Program Service Revenue $694,060

Investment Income $1,981

Other Revenue $0

TOTAL REVENUE $696,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $414,200

Other Expenses $512,431

TOTAL EXPENSES $512,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$696,041	$695,192	+0.0%
Expenses	$512,431	$463,313	+0.1%
Net Income	$183,610	$231,879	-0.2%

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
ANNE ORSENE	DIRECTOR/TREASURER	2.00	Officer Director	$0	$0	$0
COURTLAND VANDEUSEN	DIRECTOR/PRESIDENT	0.25	Officer Director	$0	$0	$0
NICOLE BALL	EXECUTIVE DIRECTOR/SECRETA	2.00	Officer Director	$0	$0	$0
VALERIE SCHMIDT	NON-VOTING MEMBER	2.00	Director	$0	$0	$0
JENNIFER MICACCI	DIRECTOR	0.25	Officer Director	$0	$0	$0
CHERISE KEANE	NON-VOTING MEMBER	0.25	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	$696,041	$512,431	$437,509	$183,610
2024	$695,192	$463,313	$319,381	$231,879
2023	$340,589	$288,627	$61,642	$51,962

LIFE SOUNDS AUDIOLOGY INC