PRESBYTERIAN EAR INSTITUTE

EIN: 850373591 501(c)(3)

ALBUQUERQUE, NM

Total Revenue
$2,446,552
Total Expenses
$1,830,026
Total Assets
$1,994,237
Net Assets
$1,880,571
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NM
Principal Officer
SEEMA KATIYAR LAGREE
Phone
5052247020
Tax Period
2023-01-01 to 2023-12-31

PRESBYTERIAN EAR INSTITUTE, founded in 1987, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $617K, a strong 25% operating margin.

Mission

THE INSTITUTE SERVES AS NEW MEXICO'S CENTER DEDICATED TO PROVIDING EDUCATION, RESEARCH, DIAGNOSTIC, AND CLINICAL SERVICES FOR THE HEARING-IMPAIRED POPULATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,598,475
Program Service Revenue $921,621
Investment Income $26,295
Other Revenue $-99,839
TOTAL REVENUE $2,446,552

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,495,743
Fundraising Expenses $131,950
Program Expenses $1,495,400
Other Expenses $334,283
TOTAL EXPENSES $1,830,026

Year-over-Year Comparison

2023 2022 Change
Revenue $2,446,552 $1,675,176 +0.5%
Expenses $1,830,026 $1,638,530 +0.1%
Net Income $616,526 $36,646 +15.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
36
Volunteers
50

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
7
$100,522
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEEMA KATIYAR LAGREE EXECUTIVE DI 40.00
Officer
$93,051 $7,471 $100,522
LISA JAMES CHAIR 0.50
Officer Director
$0 $0 $0
KAREN HAWLEY VICE-CHAIR 0.50
Officer Director
$0 $0 $0
RENEE PATTON DEVELOPMENT 0.50
Officer Director
$0 $0 $0
ANTONIA ROYBAL-MACK LEGISLATIVE 0.50
Officer Director
$0 $0 $0
MOLLY CHEVES GOVERNANCE C 0.50
Officer Director
$0 $0 $0
LAURA VANDOMELEN FINANCE CHAI 0.50
Officer Director
$0 $0 $0
FRANCES CARPENTER BOARD MEMBER 0.50
Director
$0 $0 $0
CHRIS CARPENTER BOARD MEMBER 0.50
Director
$0 $0 $0
TRAVIS JACKSON BOARD MEMBER 0.50
Director
$0 $0 $0
BETTY YOUNG BOARD MEMBER 0.50
Director
$0 $0 $0
GREG LEYENDECKER BOARD MEMBER 0.50
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 $2,446,552 $1,830,026 $1,994,237 $616,526
2022 $1,675,176 $1,638,530 $1,287,636 $36,646
2021 $1,756,937 $1,398,950 $1,560,479 $357,987
2020 $1,017,333 $1,314,755 $1,181,534 $-297,422
2019 $1,292,402 $1,391,808 $1,236,954 $-99,406
2018 $1,118,132 $1,245,138 $1,254,453 $-127,006
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