The Gift of Hearing Foundation Inc

Nonprofit profile at a glance

EIN
201585677
IRS 990-EZ coverage
2011–2016
Forms available
Form 990-EZ 2016
Location
Narragansett, RI, USA
Phone
4017897662
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Ear and Throat Diseases

Reported finances

Revenue
$7,511
Expenses
$35,259
Assets
$66,679
Liabilities
$32,000

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • EILEEN JONES (PRESIDENT)

People named in this filing

  • EILEEN JONES (PRESIDENT)
  • DOROTHY EISENHAURE (BOARD MEMBER)
  • LARRY JANOWITCH (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The gift of hearing foundation's purpose is to create awareness and access to cochlear implant technology

What it reported doing in 2016

Provided funds for individuals to receive cochlear implant surgery.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 82
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.7%; rating input score 95

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -369.4%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 1.89; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0.48; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 10% per year; rating input score 100; 72nd percentile among comparable filings
  • Revenue growth: 1.4% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 17.3% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $33K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2011 to 2016
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.