THE FIBER OPTIC ASSOCIATION INC

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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

2003

Principal Officer

JAMES HAYES

Phone

7604513655

Tax Period

2024-06-01 to 2025-05-31

THE FIBER OPTIC ASSOCIATION INC, founded in 2003, is a small nonprofit that reported $670K in total revenue in fiscal year 2024. The organization ran a surplus of $208K, a strong 31% operating margin.

Mission

PROMOTE PROFESSIONALISM IN FIBER OPTICS THROUGH EDUCATION, CERTIFICATIONS, AND STANDARDS

Program Service Accomplishments

Program 1

Expenses: $462,248 Revenue: $670,383

THE FIBER OPTIC ASSOCIATION, INC. (FOA) IS THE NON-PROFIT INTERNATIONAL PROFESSIONAL ASSOCIATION OF FIBER OPTICS AND CERTIFYING BODY FOR FIBER OTPIC TECHNICIANS. THE FOA CREATES TECHNICAL REFERENCE MATERIAL AND TRAINING CURRICULUM FOR SCHOOLS TO USE FOR THE TRAINING OF FIBER OPTIC TECHNICIANS AND PREPARING THEM FOR FOA CERTIFICATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $653,036

Investment Income $17,347

Other Revenue $0

TOTAL REVENUE $670,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,620

Fundraising Expenses $0

Program Expenses $462,248

Other Expenses $451,629

TOTAL EXPENSES $462,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$670,383	$659,637	+0.0%
Expenses	$462,249	$480,024	0.0%
Net Income	$208,134	$179,613	+0.2%

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

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

$182,000

Total Directors

$10,620

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES E HAYES	President	40.00	Officer	$91,000	$0	$91,000
KAREN HAYES	Secretary	40.00	Officer	$91,000	$0	$91,000
TOM COLLINS	BOARD MEMBER	1.00	Director	$3,540	$0	$3,540
WILLIAM GRAHAM	BOARD MEMBER	1.00	Director	$3,540	$0	$3,540
ANDREW KURTZMAN	BOARD MEMBER	0.50	Director	$3,540	$0	$3,540

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	$670,383	$462,249	$2,205,519	$208,134
2024	$659,637	$480,024	$1,995,277	$179,613
2023	$538,908	$445,471	$1,839,680	$93,437
2022	$478,413	$408,575	$1,732,082	$69,838
2021	$374,650	$377,591	$1,662,148	$-2,941
2020	$590,126	$412,382	$1,662,503	$177,744
2019	$591,312	$418,222	$1,484,759	$173,090