Hearts for Hearing Foundation
- Darcy StoweSigns company filings · Form 5500 (2024)
How we got $22.1M
Based on IRS Form 990 (2025).
What we know
What they do
Hearts for Hearing is a non-profit organization that provides hearing solutions and support for children and adults with hearing loss, including audiology services, hearing devices, and listening and spoken language therapy. It serves families and adults in Oklahoma, with offices centered in the Oklahoma City area.
From the company's website. Industry: Chiropractors & therapists.
Employees over time
▲ 53% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 90 | $8.6M |
| 2020 | Form 5500 | 96 | $9.2M |
| 2021 | Form 5500 | 109 | $10.4M |
| 2022 | Form 5500 | 121 | $11.6M |
| 2023 | Form 5500 | 145 | $13.9M |
| 2024 | Form 5500 | 138 | $13.2M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HEARTS FOR HEARING FOUNDATION this business | $22.1M | — |
| Integris Jim Thorpe Outpatient Rehabilitation Hefner Pointe Oklahoma City | $1.0M | 0.3 mi |
| CHILDREN'S EYE CARE, PLLC Oklahoma City · 19 employees | $4.3M | 0.3 mi |
| CHILDRENS EYE CARE PLLC Oklahoma City · 16 employees | $4.0M | 0.3 mi |
| NJOY VISION LLC Oklahoma City · 11 employees | $3.7M | 0.4 mi |
| Peak Physiotherapy and Performance Oklahoma City | $1.0M | 0.5 mi |
| SPECIALIZED PHYSICAL THERAPY, P.C. Oklahoma City · 4 employees | $744K | 0.5 mi |
The full calculation
Calibrated: revenue lowered to 74% of the industry-average estimate, to match what businesses in this industry actually report.
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
These are the business's own reported figures, from its IRS Form 990 filing, not an estimate. EBITDA applies the industry margin to reported revenue.
| Revenue range | $21.0M – $23.2M |
| EBITDA range | $3.1M – $3.4M |
| Industry (NAICS) | Offices of Physical, Occupational and Speech Therapists, and Audiologists (621340) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Since 2003, an award-winning team of health care professionals, from audiologists and speech-language pathologists, have been giving people from around the world the gift of hearing.”
Advisors
- AccountingForvis Mazars, LLPAudits its 401(k) plan (2024 filing)
- BankingMidFirst BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| MidFirst Bank PPP 2020, PPP 2021 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $1.1M | 78 |
| 4/21/2021 | second | $1.1M | 90 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hearts for Hearing Foundation
Hearts for Hearing Foundation is a chiropractors & therapists company in Oklahoma City, Oklahoma, in business since 2003. It is owned by Joanna T. Smith (Founder). Its reported annual revenue is about $22.1M, with roughly $3.2M of EBITDA. It has about 138 employees.
Common questions
- Who owns Hearts for Hearing Foundation?
- Hearts for Hearing Foundation is owned by Joanna T. Smith (Founder), according to public sources such as the company's website or filings.
- How much revenue does Hearts for Hearing Foundation make?
- Hearts for Hearing Foundation reported revenue of about $22.1M.
- How many employees does Hearts for Hearing Foundation have?
- About 138, from its 2024 retirement-plan filing.
- When was Hearts for Hearing Foundation founded?
- Hearts for Hearing Foundation has been in business since 2003.