CENTER FOR EYE RESEARCH AND EDUCATION INC

EIN: 042982658 501(c)(3) Medical Research

WALTHAM, MA

Total Revenue
$124,309
Total Expenses
$150,389
Total Assets
$1,794,675
Net Assets
$1,762,206
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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
1987
Legal Domicile
MA
Principal Officer
LISA W BARNES
Phone
6173142662
Tax Period
2024-07-01 to 2025-06-30

CENTER FOR EYE RESEARCH AND EDUCATION INC, founded in 1987, is a small nonprofit in the Medical Research sector that reported $124K in total revenue in fiscal year 2024. Expenses of $150K exceeded revenue, resulting in a 21% operating deficit.

Mission

RESEARCH STUDIES CONDUCTED BY THE CENTER FOCUS ON IMPROVING THE DIAGNOSIS AND TREATMENT OF EYE DISEASE, SPECIFICALLY: GLAUCOMA, CATARACT, MACULAR DEGENERATION, LASER REFRACTIVE SURGERY AND DISEASES OF THE RETINA AND CORNEA. IN ADDITION TO RESEARCH AND TRAINING ACTIVITIES, THE CENTER SUPPORTS PRO BONO EYE CARE TO PATIENTS WHO ARE UNABLE TO AFFORD TREATMENT. CERE ALSO SUPPORTS NATIONAL AND INTERNATIONAL NON-VISION RELATED SCIENTIFIC RESEARCH, EDUCATIONAL EFFORTS AND CHARITABLE CARE.CERE CONDUCTS INTERNATIONAL EYE CLINICS IN REMOTE AREAS OF SOUTH EAST ASIA AND PROVIDES SURGICAL TRAINING TO LOCAL PHYSICIANS. IT ALSO PROVIDES MEDICAL SUPPLIES, INSTRUMENTS AND MEDICAL EQUIPMENT, OR THE FUNDS FOR SUCH ITEMS, TO HOSPITALS AND CLINICS IN THESE REMOTE AREAS. CERE ALSO PERFORMS EYE CARE RESEARCH IN SOUTH EAST ASIA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $53,053
Program Service Revenue $0
Investment Income $71,256
Other Revenue $0
TOTAL REVENUE $124,309

Expense Breakdown

Grants Paid $100,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $100,000
Other Expenses $50,389
TOTAL EXPENSES $150,389

Year-over-Year Comparison

2024 2023 Change
Revenue $124,309 $120,263 +0.0%
Expenses $150,389 $163,166 -0.1%
Net Income $-26,080 $-42,903 -0.4%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES W HUNG MD PRESIDENT 0.20
Officer Director
$0 $0 $0
MICHAEL G MORLEY MD DIRECTOR 0.10
Director
$0 $0 $0
ALBERT R FREDERICK JR MD DIRECTOR 0.10
Director
$0 $0 $0
TREXLER M TOPPING MD DIRECTOR 0.10
Director
$0 $0 $0
LISA W BARNES TREASURER 1.00
Officer
$0 $0 $0
JONATHAN H HERLIHY CLERK 0.20
Officer
$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
2025 $124,309 $150,389 $1,794,675 $-26,080
2024 $120,263 $163,166 $1,785,545 $-42,903
2023 $111,215 $114,533 $1,851,504 $-3,318
2022 $113,648 $151,281 $1,779,078 $-37,633
2021 $96,648 $84,797 $1,843,221 $11,851
2020 $127,284 $55,592 $1,755,643 $71,692
2019 $254,770 $120,614 $1,687,384 $134,156
2018 $140,704 $91,925 $1,511,836 $48,779
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