RHODE ISLAND OPTOMETRIC ASSOCIATION (EIN 050302254) - Form 990 Financial Analysis & Trantor Score

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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

1949

Legal Domicile

Principal Officer

DR STEVEN W SANTOS

Phone

4019490433

Tax Period

2024-01-01 to 2024-12-31

RHODE ISLAND OPTOMETRIC ASSOCIATION, founded in 1949, is a small nonprofit that reported $338K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $290K left a modest 14% surplus.

Mission

THE MISSION OF THE RHODE ISLAND OPTOMETRIC ASSOCIATION IS TO ADVANCE AND SUPPORT OPTOMETRY IN DELIVERING COMPREHENSIVE EYE CARE FOR OUR RHODE ISLAND COMMUNITY.

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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 $228,235

Program Service Revenue $94,549

Investment Income $14,407

Other Revenue $396

TOTAL REVENUE $337,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,409

Fundraising Expenses $0

Other Expenses $203,505

TOTAL EXPENSES $289,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$337,587	$299,573	+0.1%
Expenses	$289,914	$280,911	+0.0%
Net Income	$47,673	$18,662	+1.6%

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

$86,409

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA JABLONSKI	PRESIDENT	5.00	Officer Director	$0	$0	$0
KIRSTEN HEALEY	SECRETARY	5.00	Officer Director	$0	$0	$0
STEVEN W SANTOS	TREASURER	5.00	Officer Director	$0	$0	$0
JAD OSMANSKI	PRESIDENT-ELECT	5.00	Officer Director	$0	$0	$0
KRITI BHAGAT	DIRECTOR	1.00	Director	$0	$0	$0
BRYANNA CARON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF DEPAOLO	DIRECTOR	1.00	Director	$0	$0	$0
LORI DUQUETTE	DIRECTOR	1.00	Director	$0	$0	$0
AMY FALK	DIRECTOR	1.00	Director	$0	$0	$0
DAWN O'SHEA	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN MONTAQUILA	1ST VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KATY ABARR	IMMEDIATE PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
LAURA LAKIN	DIRECTOR	1.00	Director	$0	$0	$0
TIM BONIN	EXECUTIVE DIRECTOR	30.00	Officer	$86,409	$0	$86,409

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	$337,587	$289,914	$286,077	$47,673
2023	$299,573	$280,911	$233,870	$18,662
2022	$298,863	$285,514	$209,493	$13,349
2021	$266,637	$255,572	$229,159	$11,065
2020	$246,018	$231,784	$207,045	$14,234
2019	$283,389	$268,218	$186,598	$15,171
2018	$281,207	$284,440	$166,091	$-3,233

RHODE ISLAND OPTOMETRIC ASSOCIATION