St Joseph Institute for the Deaf

Nonprofit profile at a glance

EIN
430653494
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Indianapolis, IN, USA
Phone
3174718560
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Deaf/Hearing Impaired Centers

Reported finances

Revenue
$4,932,129
Expenses
$4,760,859
Assets
$8,737,551
Liabilities
$1,151,413

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • JEFF CHAPMAN (PRESIDENT)

Highest reported compensation

  • JEFF CHAPMAN (PRESIDENT): $150,507 total reported compensation
  • LINDY POWELL (CHIEF PROGRAM OFFICER): $126,634 total reported compensation
  • ZAREENA KOCH (CHIEF DEVELOPMENT OFFICER): $124,097 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

St joseph hearing + speech delivers exceptional listening and spoken language solutions for children with hearing loss, reflecting the charism of the sisters of st joseph of carondelet and strives to be the preeminent resource for children with hearing loss and their families.

What it reported doing in 2024

Early intervention services: st joseph hearing + speech's early intervention program serves children birth to three-years-old with hearing loss. St joseph hearing + speech provides listening and spoken language intervention, audiologic management, toddler classroom programming, and family support services. Through a powerful combination of audiological services and listening and spoken language therapy, infants and their families are provided the tools they need to help their child achieve to their fullest potential. Our therapists are listening and spoken language (lsl) providers through state-approved part c programs. Services are family-centered, and routine based. Utilizing a parent coaching model, we help families understand their child's diagnosis, recommend amplification, and learn techniques and skills to help their baby learn to listen and talk. St joseph hearing + speech goal in early intervention is for children to make accelerated progress in listening and spoken language skills so that they are on par with their peers. This fiscal year st joseph hearing + speech served more than 335 children through this program.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 92% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 83
  • Accountability: 95
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.4%; rating input score 82
  • Program expense ratio: 81.5%; rating input score 82
  • Fundraising efficiency: $6.77 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.5%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 1.84; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 8.4%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: 11.8% per year; rating input score 100; 70th percentile among comparable filings
  • Revenue growth: 12.8% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 3.2% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 82.4% of revenue deployed · 81.5% of spending went to programs
  • Governance: 18 of 18 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $3.9M in reported program spending
  • Leadership: top reported pay $151K · 21 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 40 of 40 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 25/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.