HERMAN KNAPP TESTIMONIAL FUND

EIN: 046042338 501(c)(3) Medical Research

SAN FRANCISCO, CA

Total Revenue
$480,737
Total Expenses
$96,072
Total Assets
$10,869,328
Net Assets
$10,869,328
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1912
Legal Domicile
MD
Principal Officer
DAVID K WALLACE MD MPH
Phone
4155618578
Tax Period
2024-01-01 to 2024-12-31

HERMAN KNAPP TESTIMONIAL FUND, founded in 1912, is a small nonprofit in the Medical Research sector that reported $481K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $385K, a strong 80% operating margin.

Mission

THE FUND IS ORGANIZED TO SUPPORT THE PURPOSES AND FUNCTIONS OF THE AMERICAN OPHTHALMOLOGICAL SOCIETY BY: RAISING THE STANDARDS OF MEDICAL CARE OF THE OCULAR SICK BY PROMOTING AND ADVANCING THE ART AND SCIENCE OF OPHTHALMOLOGY; ADVANCING THE ART AND PRACTICE OF OPHTHALMIC TEACHING; PROMOTING AND SUPPORTING ADVANCED STUDY AND RESEARCH IN THE FIELDS OF OCULAR AND RELATED DISEASES; AND BY PROVIDING FOR PRIZES AND MEDALS TO PERSONS EXCELLING IN ONE OR MORE OF SUCH ENDEAVORS.

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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 $0
Program Service Revenue $0
Investment Income $480,737
Other Revenue $0
TOTAL REVENUE $480,737

Expense Breakdown

Grants Paid $30,170
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $58,865
Other Expenses $65,902
TOTAL EXPENSES $96,072

Year-over-Year Comparison

2024 2023 Change
Revenue $480,737 $399,282 +0.2%
Expenses $96,072 $102,273 -0.1%
Net Income $384,665 $297,009 +0.3%
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

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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
7
Independent Members
6
Employees
N/A
Volunteers
100

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
$50,000
Total Directors
9
$50,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID J WILSON MD SECRETARY / TREASURER 1.00
Officer Director
$0 $0 $50,000
PRESTON H BLOMQUIST MD PRESIDENT THROUGH 5/2024 1.00
Officer Director
$0 $0 $0
EMILY Y CHEW MD PRESIDENT START 5/2024 1.00
Officer Director
$0 $0 $0
JULIA A HALLER MD TRUSTEE START 5/2024 1.00
Director
$0 $0 $0
MARY E HARTNETT MD TRUSTEE 1.00
Director
$0 $0 $0
PETER A NETLAND MD PHD TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY W OLSEN MD TRUSTEE THROUGH 5/2024 1.00
Director
$0 $0 $0
DAVID K WALLACE MD MPH TRUSTEE 1.00
Director
$0 $0 $0
JAYNE S WEISS MD TRUSTEE START 5/2024 1.00
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 $480,737 $96,072 $10,869,328 $384,665
2023 $399,282 $102,273 $10,160,073 $297,009
2022 $276,178 $352,582 $9,139,674 $-76,404
2021 $548,371 $45,623 $10,987,733 $502,748
2020 $445,108 $37,107 $10,138,362 $408,001
2019 $234,353 $87,914 $9,112,420 $146,439
2018 $-536,307 $87,339 $7,922,185 $-623,646
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