NEW HAMPSHIRE OPTOMETRIC ASSOCIATI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

JAMES BELANGER

Phone

6039642885

Tax Period

2023-01-01 to 2023-12-31

NEW HAMPSHIRE OPTOMETRIC ASSOCIATION INC, founded in 1976, is a small nonprofit that reported $210K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $183K left a modest 13% surplus.

Mission

THE NEW HAMPSHIRE OPTOMETRIC ASSOCIATION (NHOA) IS THE PROFESSIONAL ASSOCIATION REPRESENTING THE VAST MAJORITY OF NEW HAMPSHIRES PRACTICING DOCTORS OF OPTOMETRY. WE WERE FOUNDED OVER 110 YEARS AGO AND HAVE SERVED OUR MEMBERS AND THE CITIZENS OF NEW HAMPSHIRE ALL THE YEARS OF OUR EXISTENCE. WE ARE AFFILIATED WITH THE AMERICAN OPTOMETRIC ASSOCIATION. THE NHOA IS A MEMBERSHIP-GOVERNED ORGANIZATION WHICH OPERATES UNDER A SET OF BYLAWS APPROVED BY THE MEMBERS. A BOARD OF DIRECTORS LEADS THE ASSOCIATION BETWEEN OUR QUARTERLY MEMBERSHIP MEETINGS. WE RETAIN THE SERVICES OF AN EXECUTIVE DIRECTOR TO CONDUCT THE DAY-TO-DAY OPERATIONS OF THE ASSOCIATION, AND SINCE OPTOMETRY IS (AND ALWAYS WILL BE) A PROFESSION CONTROLLED BY THE LEGISLATURE AND THE ADMINISTRATIVE AGENCIES, WE RETAIN A GOVERNMENTAL AFFAIRS FIRM TO GUIDE US THROUGH OUR INVOLVEMENT WITH THESE FUNCTIONS. OUR MOST VISIBLE ACTIVITY IS PROVIDING HIGH-QUALITY CONTINUING EDUCATION (CE) FOR ALL NEW HAMPSHIRE OPTOMETRISTS, BUT BEHIND THE SCEN

Program Service Accomplishments

Program 1

THE NHOA OFFERS CONTINUING EDUCATION (CE) WHICH IS HIGH-QUALITY, INTERESTING AND USEFUL TO THE PARTICIPANTS IN THEIR PURSUIT OF PROVIDING THE HIGHEST LEVEL OF CARE TO THEIR PATIENTS. THE CE PROVIDED BY THE NHOA IS PLANNED AND COORDINATED ON AN ANNUAL BASIS. IT IS NHOA POLICY THAT CE PROGRAMS MEET OR EXCEED ALL STATE OF NEW HAMPSHIRE REQUIREMENTS FOR THE TOTAL NUMBER OF CATEGORY ONE HOURS, FOR SPECIFIC SUBJECT CONTENT (E.G. THE NUMBER OF GLAUCOMA-SPECIFIC HOURS) AND FOR TRANSCRIPT-QUALITY REQUIREMENTS FOR NEW HAMPSHIRE LICENSURE. WITHIN THESE PARAMETERS, A PORTION OF THE ANNUAL CE PROGRAM MAY BE INTERNET-BASED. INDUSTRY PARTNERSHIP WITH THE NHOA IN THE PROVISION OF CE IS A VERY HIGH PRIORITY. IT SERVES NOT ONLY TO PROVIDE SIGNIFICANT FINANCIAL SUPPORT, BUT ALSO TO IMPROVE THE EDUCATIONAL QUALITY OF THE CE EXPERIENCE. TO THIS END, EVERY EFFORT IS MADE TO OBTAIN INDUSTRY PARTICIPATION FOR ALL OUR CE PROGRAMS. THIS INCLUDES, BUT IS NOT LIMITED TO, FINANCIAL SUPPORT, PARTICIPATION AS EXHIBITOR, AND ADVISING THOSE WHO ARE PLANNING THE MEETING ON WAYS TO IMPROVE THE PROGRAM.

Program 2

NHOA SEEKS TO FOSTER PUBLIC AWARENESS OF OPTOMETRY AS A PRIMARY HEALTH-CARE PROFESSION, AND TO ACT AS AN ADVOCATE FOR OPTOMETRIC VISION CARE IN THE POLITICAL AND REGULATORY PROCESSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $102,928

Program Service Revenue $92,957

Investment Income $13,855

Other Revenue $514

TOTAL REVENUE $210,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $183,260

TOTAL EXPENSES $183,260

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,254	$187,465	+0.1%
Expenses	$183,260	$137,082	+0.3%
Net Income	$26,994	$50,383	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BELANGER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID CABAN	DIRECTOR	0.50	Director	$0	$0	$0
ANJELICA DONNELLY	DIRECTOR	0.50	Director	$0	$0	$0
ERICA GRIFFIN	PAST PRESIDE	0.50	Director	$0	$0	$0
SCOTT HUFFER	DIRECTOR	0.50	Director	$0	$0	$0
KELSEY JORDAN	DIRECTOR	0.50	Director	$0	$0	$0
GUY LESSARD	DIRECTOR	0.50	Director	$0	$0	$0
ALISON LORANGER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ELIZABETH REESE	DIRECTOR	0.50	Director	$0	$0	$0
ANGEL SAWYER	DIRECTOR	0.50	Director	$0	$0	$0
SOWMYA SRINIVAS	PRESIDENT EL	1.00	Officer Director	$0	$0	$0
JEANNE THURBER	SECRETARY	1.00	Officer Director	$0	$0	$0
WINNIE TSENG	PRESIDENT	1.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$210,254	$183,260	$689,170	$26,994
2022	$187,465	$137,082	$572,230	$50,383
2021	$185,671	$150,666	$612,276	$35,005

NEW HAMPSHIRE OPTOMETRIC ASSOCIATION INC