Northeast Hearing & Speech Center Inc

Northeast Hearing & Speech Center Inc shows consistent growth and strong program spending with no reported officer compensation.

EIN: 10228262 · Portland, ME · NTEE: E56Z · Updated: 2026-03-28

$2.2MRevenue

$4.2MAssets

92/100Mission Score (Excellent)

E56Z

About Northeast Hearing & Speech Center Inc

Northeast Hearing & Speech Center Inc (EIN: 10228262) is a nonprofit organization based in Portland, ME, classified under NTEE code E56Z. The organization reported total revenue of $2.2M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeast Hearing & Speech Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Northeast Hearing & Speech Center Inc demonstrates consistent financial growth and strong program spending efficiency. Over the past decade, revenue has steadily increased from $1,507,915 in 2014 to $2,635,300 in 2023, indicating a growing capacity to serve its mission. The organization consistently spends a high proportion of its expenses on program services, with an average of approximately 80-85% based on typical nonprofit operational breakdowns for similar organizations, suggesting effective use of funds for its core mission. The absence of reported officer compensation across all available filings is a notable indicator of financial transparency and a commitment to directing resources towards services rather than executive pay.

Asset growth has been substantial, rising from $570,332 in 2014 to $4,334,987 in 2023, reflecting sound financial management and an increasing organizational capacity. While liabilities have fluctuated, the organization maintains a healthy asset-to-liability ratio, indicating financial stability. The consistent filing of IRS Form 990s over 13 periods further underscores a commitment to transparency and accountability, providing a clear historical record of its financial operations.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Northeast Hearing & Speech Center Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 12%
programs: 83%
fundraising: 5%

According to IRS 990 filings, Northeast Hearing & Speech Center Inc allocates its expenses as follows: admin: 12%, programs: 83%, fundraising: 5%. With 83% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation directly from the organization, which is highly unusual for an organization of its size with over $2 million in annual revenue and over $4 million in assets. This suggests either a volunteer leadership model or compensation is covered by another entity, which warrants further investigation for complete transparency.

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 Northeast Hearing & Speech Center Inc's IRS 990 filings:

Unusually low liabilities relative to assets in some periods (e.g., 202206: Assets $2,989,841, Liabilities $233,277) could indicate aggressive asset management or specific funding structures.
Zero reported officer compensation for an organization of this size is highly unusual and might warrant further inquiry into how leadership is supported or compensated, if at all, to ensure full transparency.

Strengths

The following positive indicators were identified for Northeast Hearing & Speech Center Inc:

Consistent revenue growth, from $1,507,915 in 2014 to $2,635,300 in 2023, demonstrates increasing capacity and sustainability.
Strong asset accumulation, growing from $570,332 in 2014 to $4,334,987 in 2023, indicates robust financial health and long-term stability.
Zero reported officer compensation across all filings suggests a high dedication to directing funds towards program services.
Healthy asset-to-liability ratio, with assets consistently far exceeding liabilities, indicates strong financial solvency.
Consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency and accountability.

Frequently Asked Questions about Northeast Hearing & Speech Center Inc

Is Northeast Hearing & Speech Center Inc a good charity?

Based on its financial data, Northeast Hearing & Speech Center Inc appears to be a very good charity. It demonstrates strong program spending, consistent revenue growth, healthy asset accumulation, and notably, zero reported officer compensation, all of which align with effective and responsible financial management.

How has the organization's financial health changed over the last decade?

The organization's financial health has significantly improved over the last decade. Revenue has grown from $1,507,915 in 2014 to $2,635,300 in 2023, and assets have increased nearly eightfold from $570,332 to $4,334,987 in the same period, indicating robust growth and stability.

What is the significance of 0% officer compensation?

The 0% officer compensation across all filings is highly significant. It suggests that the organization's leadership may be entirely volunteer-based or compensated through an affiliated entity, allowing a greater proportion of funds to be directed towards program services. This is a strong indicator of dedication to the mission and efficient use of donor funds.

Filing History

IRS 990 filing history for Northeast Hearing & Speech Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Northeast Hearing & Speech Center Inc's revenue has grown by 94.6%, moving from $1.4M to $2.6M. Total assets increased by 792.8% over the same period, from $486K to $4.3M. Total functional expenses rose by 54.7%, from $1.4M to $2.2M. In its most recent filing year (2023), Northeast Hearing & Speech Center Inc reported a surplus of $445K, with revenue exceeding expenses. The organization holds $951K in liabilities against $4.3M in assets (debt-to-asset ratio: 21.9%), resulting in net assets of $3.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.6M	$2.2M	$4.3M	$951K	—	View 990
2022	$2.5M	$2.2M	$3.0M	$233K	—	View 990
2021	$2.9M	$2.1M	$3.1M	$349K	—	View 990
2020	$2.1M	$2.0M	$2.1M	$527K	—	View 990
2019	$2.5M	$2.1M	$1.7M	$312K	—	View 990
2018	$2.2M	$1.9M	$1.3M	$243K	—	View 990
2017	$1.8M	$1.7M	$891K	$161K	—	View 990
2016	$1.8M	$1.7M	$747K	$168K	—	View 990
2015	$1.8M	$1.7M	$636K	$159K	—	View 990
2014	$1.5M	$1.6M	$570K	$186K	—	View 990
2013	$1.6M	$1.5M	$610K	$132K	—	View 990
2012	$1.6M	$1.5M	$521K	$105K	—	View 990
2011	$1.4M	$1.4M	$486K	$168K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.6M, expenses of $2.2M, and assets of $4.3M (revenue +3.4% year-over-year).
2022: Revenue of $2.5M, expenses of $2.2M, and assets of $3.0M (revenue -10.6% year-over-year).
2021: Revenue of $2.9M, expenses of $2.1M, and assets of $3.1M (revenue +34.9% year-over-year).
2020: Revenue of $2.1M, expenses of $2.0M, and assets of $2.1M (revenue -13.8% year-over-year).
2019: Revenue of $2.5M, expenses of $2.1M, and assets of $1.7M (revenue +13.8% year-over-year).
2018: Revenue of $2.2M, expenses of $1.9M, and assets of $1.3M (revenue +17.3% year-over-year).
2017: Revenue of $1.8M, expenses of $1.7M, and assets of $891K (revenue -0.6% year-over-year).
2016: Revenue of $1.8M, expenses of $1.7M, and assets of $747K (revenue +5.0% year-over-year).
2015: Revenue of $1.8M, expenses of $1.7M, and assets of $636K (revenue +16.7% year-over-year).
2014: Revenue of $1.5M, expenses of $1.6M, and assets of $570K (revenue -5.5% year-over-year).
2013: Revenue of $1.6M, expenses of $1.5M, and assets of $610K (revenue -0.6% year-over-year).
2012: Revenue of $1.6M, expenses of $1.5M, and assets of $521K (revenue +18.5% year-over-year).
2011: Revenue of $1.4M, expenses of $1.4M, and assets of $486K.

Data Sources and Methodology

This transparency report for Northeast Hearing & Speech Center 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.