Hearcare Connection INC EIN 45-2803181

Hearcare Connection INC

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Restores hearing potential and builds self-worth through community service opportunities. For fiscal year 2024 it reported $940K in revenue, $966K in expenses, and $97K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Fort Wayne, IN
Website
www.givehear.org
Filings
5 on file (2020–2024)
Revenue
$940KFY2024
Expenses
$966K
Net assets
$97K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-2803181 Public charity (501(c)(3)) Fort Wayne, IN
Form 990 (PDF)
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Size
$100K–1M
What they do
Restores hearing potential and builds self-worth through community service opportunities.
Leadership
Sarah Silva · Executive Di · $89K
Money in and out
$940K revenue, $966K expenses
Bottom line
78% program efficiency
Where the money goes · FY2024
Total revenue
$940K
Pt VIII · Ln 12
Total expenses
$966K
Pt IX · Ln 25
Net assets
$97K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$26K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.07 Fundraising $0.14
Program efficiency
78%
of spending reaches programs▼ -0.6% vs prior filing year
Operating runway
0.7mo
months of highly liquid reserves at operating expense rate▼ -53% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▲ +89% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$940K
FY2024▲ +57%
Expenses
$966K
FY2024▲ +29%
Total assets
$495K
FY2024▲ +2%
Total liabilities
$398K
FY2024▲ +4%
Total revenue
$940K
Pt VIII · Ln 12
Total expenses
$966K
Pt IX · Ln 25
Net assets
$97K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$26K
Total assetsPt X · Ln 16$495K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $757K of program spending, described in the organization's own filed words · FY2024.
01

Givehear (a dba of hearcare connection) was founded to eliminate the access gap for quality hearing healthcare available to the underserved in our community. Our program is unique and unduplicated by any other agency in northeast indiana. Established in 2011, givehear has served over 10,000 patients across a diverse demographic.

$757Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHearcare Connection INC
EINHdr · item D45-2803181
Principal addressHdr · item CFort Wayne, IN
WebsiteHdr · item Jwww.givehear.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E19)
Ruling yearIRS BMFOct 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$89,478Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Sarah Silva’s $89K as Executive Di is at the 73rd percentile of top reported officer pay among 1965 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Matt Rowan$91,500
Sarah Silva$89,478$82,236
Matt Rowman$79,092$16,346
Brian White Resigned$34,904
Matthew Rowan$24,756
Larry Piano Interim Exec$8,462

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$480K · 51%
Contributions & grants$463K · 49%
Program service revenue51%$480K
Contributions & grants49%$463K
— government grantsLn 1e$25K
Total revenueLn 12$940K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.07 Fundraising $0.14
Program services78%$757K
Management & general7%$72K
Fundraising14%$137K
Total functional expensesLn 25$966K

Balance Sheet

Part X · end of year
CashLn 1$52K
Total assetsLn 16$495K
Total liabilitiesLn 26$398K
Total net assetsLn 32$97K
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $52K · Operating expenses (Pt IX) $966K · Less non-cash grants $77K · Cash operating expenses/yr $889K
0.7 months
Where the money goes
Program services
Program services $757K · Total expenses $966K
78%
Management & General
Management & general $72K · Total expenses $966K
7%
Fundraising
Fundraising $137K · Total expenses $966K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $107K · Solicited contributions (3-yr avg) $434K
$0.25 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $463K · Total revenue $940K
49%
Government reliance
Government grants $25K · Total revenue $940K
3%
Earned-income share
Program service revenue $480K · Total revenue $940K
51%
Investment reliance
Investment income $-1K · Total revenue $940K
-0.1%
Program self-sufficiency
Program service revenue $480K · Total expenses $966K
50%
Growth & trend
Revenue growth (YoY)
This year $940K · Prior year $599K
+57%
Revenue CAGR
FY2020 $717K · FY2024 $940K
+7%
Net-asset trend (YoY)
End of year $97K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $940K · Expenses $966K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $495K
Net-asset ratio
Net assets $97K · Total assets $495K
20%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $495K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sarah Silva · Reported title EXECUTIVE DI · Highest reported compensation $89K · Total expenses $966K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $568K · Total expenses $966K
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 7%
Fundraising cost ratio 30%
Revenue growth 57%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$25K
Grants paid · 7 grants · $682K · 2020–2022
Unitemized GrantFY2022$192,406
Unitemized GrantFY2022$98,478
Unitemized GrantFY2021$97,259
Unitemized GrantFY2021$90,173
Unitemized GrantFY2020$113,670
Unitemized GrantFY2020$62,829
Hearaide INCOH · FY2020$26,726

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$940K revenue · viewing · ⤓ 990 PDF
FY2023$599K revenue · ⤓ 990 PDF
FY2022$1.0M revenue · ⤓ 990 PDF
FY2021$766K revenue · ⤓ 990 PDF
FY2020$717K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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