Hearing And Speech Center Of Rochester Inc
Hearing And Speech Center of Rochester Inc. maintains operations with fluctuating financial results, showing recent asset growth despite recurring operating deficits.
EIN: 160743137 · Rochester, NY · NTEE: E56Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $4.5M |
| Program Spending | 80% |
| Net Assets | $423K |
| Transparency Score | 75/100 |
Is Hearing And Speech Center Of Rochester Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hearing And Speech Center Of Rochester Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hearing And Speech Center Of Rochester Inc
Hearing And Speech Center Of Rochester Inc (EIN: 160743137) is a nonprofit organization based in Rochester, NY, classified under NTEE code E56Z. The organization reported total revenue of $4.7M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hearing And Speech Center Of Rochester Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hearing And Speech Center Of Rochester Inc is a mid-size nonprofit that has been operating for 70 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-73,822 |
| Total Assets | $1.8M |
| Total Liabilities | $1.4M |
| Net Assets | $423K |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 76.7% |
| Months of Reserves | 4.8 months |
Financial Health Grade: C
In 2023, Hearing And Speech Center Of Rochester Inc reported a deficit of $74K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 76.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hearing And Speech Center Of Rochester Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.4% | -0.6% | -14.3% |
| 2022 | -18.2% | +13.6% | +54.0% |
| 2021 | +42.1% | +6.4% | +50.7% |
| 2020 | -16.9% | -17.0% | -1.0% |
| 2019 | -3.2% | -1.3% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1956 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hearing And Speech Center Of Rochester Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hearing And Speech Center Of Rochester Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.7%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all provided filing periods, which is highly unusual for an organization of its size with revenues consistently in the multi-million dollar range. This could indicate that executive compensation is reported under other expense categories or that officers are compensated through other means, or that the organization relies heavily on volunteer leadership, which would be a significant strength.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hearing And Speech Center Of Rochester Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which is highly unusual for an organization of this size and could indicate a lack of transparency in compensation reporting or an unusual operational model.
- Recurring operating deficits in recent years (e.g., 2023, 2022, 2020), where expenses exceeded revenue, suggesting potential reliance on prior surpluses or other funding sources to cover costs.
- High liabilities relative to assets in some periods, such as $2,495,312 in liabilities against $863,298 in assets in 2017, though this trend has improved recently.
Strengths
The following positive indicators were identified for Hearing And Speech Center Of Rochester Inc:
- Consistent filing of IRS 990s over 13 periods, demonstrating a commitment to transparency and regulatory compliance.
- Significant asset growth from $911,762 in 2020 to $1,813,985 in 2023, indicating an improving financial position.
- The organization's expenses generally track closely with revenue, suggesting funds are being actively deployed for its mission rather than accumulating excessive reserves.
- Potential for very low administrative overhead if the 0% officer compensation accurately reflects leadership costs, allowing more funds for programs.
Frequently Asked Questions about Hearing And Speech Center Of Rochester Inc
Is Hearing And Speech Center Of Rochester Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hearing And Speech Center Of Rochester Inc (EIN: 160743137) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Hearing And Speech Center Of Rochester Inc spend its money?
Hearing And Speech Center Of Rochester Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hearing And Speech Center Of Rochester Inc tax-deductible?
Hearing And Speech Center Of Rochester Inc is registered as a tax-exempt nonprofit (EIN: 160743137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hearing And Speech Center Of Rochester Inc's spending goes to programs?
Hearing And Speech Center Of Rochester Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hearing And Speech Center Of Rochester Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hearing And Speech Center Of Rochester Inc is above average for NTEE category E56Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hearing And Speech Center Of Rochester Inc located?
Hearing And Speech Center Of Rochester Inc is headquartered in Rochester, New York and files with the IRS under EIN 160743137. It is classified under NTEE code E56Z.
How many years of IRS 990 filings does Hearing And Speech Center Of Rochester Inc have?
Hearing And Speech Center Of Rochester Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.7M in total revenue.
Is Hearing And Speech Center Of Rochester Inc. financially stable?
The organization's financial stability shows mixed signals. While it has experienced several years of operating deficits (e.g., 2023, 2022, 2020), it also had a strong surplus in 2021. Assets have nearly doubled from $911,762 in 2020 to $1,813,985 in 2023, indicating an improving balance sheet, but liabilities remain high at $1,390,985 in 2023.
How efficient is Hearing And Speech Center Of Rochester Inc. with its spending?
Without a detailed functional expense breakdown, it's challenging to precisely determine efficiency. However, the consistent reporting of 0% officer compensation suggests a potential for high efficiency in leadership costs, assuming this is accurately reflected and not hidden in other categories. The organization generally spends close to its revenue, indicating funds are being deployed for operations.
What is the trend in the organization's revenue?
Revenue has fluctuated over the past decade. It saw a peak of $6,597,231 in 2014, then declined to $3,670,121 in 2020, before recovering to $4,452,066 in 2023. The trend indicates some volatility but a recent upward trajectory from its lowest point.
Are there any concerns regarding executive compensation?
The reported 0% officer compensation across all filings is a significant data point. While it could indicate a highly volunteer-driven leadership or very low compensation, it warrants further investigation to understand how leadership is compensated, as it's uncommon for an organization of this scale to have no reported officer compensation.
How does the organization's asset growth compare to its liabilities?
Assets have grown from $911,762 in 2020 to $1,813,985 in 2023. During the same period, liabilities decreased from $1,400,900 in 2020 to $1,390,985 in 2023. This indicates that asset growth has outpaced the change in liabilities, improving the organization's net asset position.
Filing History
IRS 990 filing history for Hearing And Speech Center Of Rochester Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hearing And Speech Center Of Rochester Inc's revenue has declined by 21.4%, moving from $5.7M to $4.5M. Total assets decreased by 23% over the same period, from $2.4M to $1.8M. Total functional expenses fell by 22.9%, from $5.9M to $4.5M. In its most recent filing year (2023), Hearing And Speech Center Of Rochester Inc reported a deficit of $74K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $1.8M in assets (debt-to-asset ratio: 76.7%), resulting in net assets of $423K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $4.5M | $1.8M | $1.4M | — | — |
| 2022 | $4.3M | $4.6M | $2.1M | $1.7M | — | — |
| 2021 | $5.2M | $4.0M | $1.4M | $631K | — | View 990 |
| 2020 | $3.7M | $3.8M | $912K | $1.4M | — | View 990 |
| 2019 | $4.4M | $4.5M | $921K | $1.3M | — | View 990 |
| 2018 | $4.6M | $4.6M | $852K | $2.3M | — | View 990 |
| 2017 | $4.5M | $4.9M | $863K | $2.5M | — | View 990 |
| 2016 | $5.0M | $5.5M | $1.2M | $2.5M | — | View 990 |
| 2015 | $6.5M | $6.7M | $1.4M | $2.3M | — | View 990 |
| 2014 | $6.6M | $7.0M | $1.7M | $2.2M | — | View 990 |
| 2013 | $6.2M | $6.5M | $1.6M | $1.1M | — | View 990 |
| 2012 | $5.4M | $5.8M | $1.8M | $1.5M | — | View 990 |
| 2011 | $5.7M | $5.9M | $2.4M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $4.5M, and assets of $1.8M (revenue +4.4% year-over-year).
- 2022: Revenue of $4.3M, expenses of $4.6M, and assets of $2.1M (revenue -18.2% year-over-year).
- 2021: Revenue of $5.2M, expenses of $4.0M, and assets of $1.4M (revenue +42.1% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.8M, and assets of $912K (revenue -16.9% year-over-year).
- 2019: Revenue of $4.4M, expenses of $4.5M, and assets of $921K (revenue -3.2% year-over-year).
- 2018: Revenue of $4.6M, expenses of $4.6M, and assets of $852K (revenue +1.0% year-over-year).
- 2017: Revenue of $4.5M, expenses of $4.9M, and assets of $863K (revenue -10.0% year-over-year).
- 2016: Revenue of $5.0M, expenses of $5.5M, and assets of $1.2M (revenue -22.5% year-over-year).
- 2015: Revenue of $6.5M, expenses of $6.7M, and assets of $1.4M (revenue -1.8% year-over-year).
- 2014: Revenue of $6.6M, expenses of $7.0M, and assets of $1.7M (revenue +6.8% year-over-year).
- 2013: Revenue of $6.2M, expenses of $6.5M, and assets of $1.6M (revenue +14.8% year-over-year).
- 2012: Revenue of $5.4M, expenses of $5.8M, and assets of $1.8M (revenue -5.0% year-over-year).
- 2011: Revenue of $5.7M, expenses of $5.9M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hearing And Speech Center Of Rochester Inc:
Data Sources and Methodology
This transparency report for Hearing And Speech Center Of Rochester Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.