John Tracy Clinic EIN 95-1642393 Form 990 (PDF) Claim this org

John Tracy Clinic

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Helps young children with hearing loss and their families through parent-centered services. For fiscal year 2024 it reported $7.5M in revenue, $6.4M in expenses, and $44.5M in net assets.Pt I

Founded
1942
Type
Hospital · Human Services
Location
Los Angeles, CA
Website
www.jtc.org
Filings
5 on file (2020–2024)
Revenue
$7.5MFY2024
Expenses
$6.4M
Net assets
$44.5M
People
21
Filings
5
Updates
0
More identity details & actions ⌄
EIN  95-1642393 Hospital Los Angeles, CA Founded 1942
Form 990 (PDF)
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Figures match the IRS filing checked 8/18/26 · see original: IRS
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Size
$1–10M
What they do
Helps young children with hearing loss and their families through parent-centered services.
Leadership
Cathleen Mathes · President & CEO · $219K
Money in and out
$7.5M revenue, $6.4M expenses
Bottom line
+15% operating surplus
Financial scale & money flow · FY2024
Total revenue
$7.5M
Pt VIII · Ln 12
Total expenses
$6.4M
Pt IX · Ln 25
Net assets
$44.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.1M
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.12 Fundraising $0.07
Operating surplus
+15%
revenue over expenses, this legal entity▼ -17% vs prior filing year
Payroll share
61%
of this entity's spending is salaries & benefits▼ -1% vs prior filing year
Program spending
80%
of expenses reach program services▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$7.5M
FY2024▲ +8%
Expenses
$6.4M
FY2024▲ +11%
Total assets
$45.4M
FY2024▲ +6%
Total liabilities
$920K
FY2024▲ +30%
Total revenue
$7.5M
Pt VIII · Ln 12
Total expenses
$6.4M
Pt IX · Ln 25
Net assets
$44.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.1M
Total assetsPt X · Ln 16$45.4M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJohn Tracy Clinic
EINHdr · item D95-1642393
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jwww.jtc.org
Year of formationHdr · item L1942
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P870)
Ruling yearIRS BMFApr 1973

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
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
President & CEO
$219,377Pt VII · Sec A
Chief Operating Officer
$169,839Pt VII · Sec A
Chief Programs Officer
$162,445Pt VII · Sec A
Chief Academic Officer
$130,810Pt VII · Sec A
Director of Audiology
$121,035Pt VII · Sec A
Director, Instruction & Teacher Dev.
$109,430Pt VII · Sec A
Senior Dhh/Lsl Teacher
$107,206Pt VII · Sec A
Director
$0Pt VII · Sec A

Cathleen Mathes’s $219K as President & CEO is at the 93rd percentile of top reported officer pay among 3864 $1–10M human services 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Cathleen Mathes$219,377$201,131$170,572$207,687$162,860$139,817
M Cecilia Vanin$169,839$158,307$144,919$156,732$135,185$135,185
Bridgette Klaus$162,445$156,055$135,575$146,604$117,089$117,089
Renee Lucero$130,810$111,711
J Gaston Kent - to 091719$129,107
Chelsea Cole$121,035$115,605
Angela Stokes$109,430$103,225
Alayne Smith$107,206

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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Mission & Programs · Part III

Where the work happens

3 program services account for $5.1M of program spending, described in the organization's own filed words · FY2024.
01

JTC offers comprehensive parent-centered services for children birth to age 18. Integrated programs include: comprehensive pediatric audiological evaluations, educational audiology, parent-infant program (0-3), family classes, support groups, counseling, child development, preschool (3-5) for hearing children and those with hearing loss…

$4.2Mprogram expense
02

Our graduate program is held in partnership with mount saint mary's university, los angeles. It provides teacher candidates with rigorous training to educate young children with hearing loss in collaboration with the children's parents.

$785Kprogram expense
03

Public information and education is used to share our knowledge, inform people of upcoming events and news, and provide guidance and support to families impacted by pediatric hearing loss. Information is distributed online, at events and conferences, through on-site tours and in print.

$98Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$4.8M · 64%
Program service revenue$1.3M · 18%
Investment income$1.2M · 17%
Other revenue$99K · 1%
Contributions & grants64%$4.8M
Program service revenue18%$1.3M
Investment income17%$1.2M
Other revenue1%$99K
Total revenueLn 12$7.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.12 Fundraising $0.07
Program services80%$5.1M
Management & general12%$791K
Fundraising7%$474K
Total functional expensesLn 25$6.4M

Balance Sheet

Part X · end of year
CashLn 1$2.3M
Total assetsLn 16$45.4M
Total liabilitiesLn 26$920K
Total net assetsLn 32$44.5M
Months of cash on handcomputed4.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $30.4M · Operating expenses (Pt IX) $6.4M · Less non-cash grants $8K · Cash operating expenses/yr $6.4M
57.1 months
Where the money goes
Program services
Program services $5.1M · Total expenses $6.4M
80%
Management & General
Management & general $791K · Total expenses $6.4M
12%
Fundraising
Fundraising $474K · Total expenses $6.4M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $510K · Solicited contributions (3-yr avg) $4.4M
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.8M · Total revenue $7.5M
64%
Government reliance
Government grants — · Total revenue $7.5M
Earned-income share
Program service revenue $1.3M · Total revenue $7.5M
18%
Investment reliance
Investment income $1.2M · Total revenue $7.5M
+17%
Program self-sufficiency
Program service revenue $1.3M · Total expenses $6.4M
21%
Growth & trend
Revenue growth (YoY)
This year $7.5M · Prior year $6.9M
+8%
Revenue CAGR
FY2019 $3.2M · FY2024 $7.5M
+19%
Net-asset trend (YoY)
End of year $44.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $7.5M · Expenses $6.4M
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $45.4M
Net-asset ratio
Net assets $44.5M · Total assets $45.4M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $16.4M · Other securities (Pt X, ln 12) $11.7M · Total assets (Pt X, ln 16) $45.4M
62%
People & payroll
Highest Reported Total Compensation
Individual Cathleen Mathes · Reported title PRESIDENT & CEO · Highest reported compensation $219K · Total expenses $6.4M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.9M · Total expenses $6.4M
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 12%
Fundraising cost ratio 10%
Revenue growth 8%

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 · FY2024
See all 27 funders →
Grants paid · 5 grants · $352K · 2019–2024
Unitemized GrantFY2024$154,500
Unitemized GrantFY2023$85,000
Unitemized GrantFY2022$56,000
Unitemized GrantFY2021$30,000
Unitemized GrantFY2019$27,000

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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$6.9M revenue · ⤓ 990 PDF
FY2023$6.0M revenue · ⤓ 990 PDF
FY2022$9.3M revenue · ⤓ 990 PDF
FY2021$9.5M revenue · ⤓ 990 PDF
FY2020$3.2M 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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