CONNECTICUT ASSOCIATION OF OPTOMETRISTS INC

EIN: 060874713

ROCKY HILL, CT

Total Revenue
$839,491
Total Expenses
$839,677
Total Assets
$1,332,302
Net Assets
$1,315,691
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1908
Legal Domicile
CT
Principal Officer
STEPHANIE BARTOS
Phone
8605291900
Tax Period
2023-01-01 to 2023-12-31

CONNECTICUT ASSOCIATION OF OPTOMETRISTS INC, founded in 1908, is a small nonprofit that reported $839K in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE ASSOCIATION IS ADVANCING THE PROFESSION OF OPTOMETRY TO THE FOREFRONT OF EYE CARE.

Program Service Accomplishments

Program 1

MEETINGS HELD THROUGHOUT THE YEAR FOR MEMBERSHIP EDUCATION AND FELLOWSHIP.

Program 2

GOVERNMENT AND PUBLIC RELATIONS PROGRAMS IMPLEMENTED TO BRING ADMINISTRATIVE AND LEGISLATIVE MEMBERS AWARE OF THE ISSUES CONCERNING OPTOMETRISTS IN CONNECTICUT. REFERRAL SERVICES PROVIDED TO THE...

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GOVERNMENT AND PUBLIC RELATIONS PROGRAMS IMPLEMENTED TO BRING ADMINISTRATIVE AND LEGISLATIVE MEMBERS AWARE OF THE ISSUES CONCERNING OPTOMETRISTS IN CONNECTICUT. REFERRAL SERVICES PROVIDED TO THE GENERAL PUBLIC IN NEED OF A QUALIFIED OPTOMETRIST WITHIN THE STATE OF CT. PUBLIC RELATIONS MEASURES, MEMBER DEMOGRAPHIC SURVEY, NEWSLETTER, ETC.

Program 3

PROGRAMS AND MEMBER SERVICES CARRIED ON FOR A BENEFIT OF THE MEMBERS. PRIMARILY THROUGH A SERIES OF EDUCATIONAL PROGRAMS RELATED TO THE FIELD OF OPTOMETRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $756,146
Investment Income $76,250
Other Revenue $7,095
TOTAL REVENUE $839,491

Expense Breakdown

Grants Paid $0
Salaries & Benefits $145,196
Fundraising Expenses $0
Other Expenses $694,481
TOTAL EXPENSES $839,677

Year-over-Year Comparison

2023 2022 Change
Revenue $839,491 $848,650 0.0%
Expenses $839,677 $749,596 +0.1%
Net Income $-186 $99,054 -1.0%
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
14
Independent Members
13
Employees
2
Volunteers
13

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
8
$136,920
Total Directors
17
$136,920
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE BARTOS EXECUTIVE DIRECTOR 40.00
Officer Director
$77,400 $2,322 $79,722
LYNN SEDLAK MBA CAE EXECUTIVE DIRECTOR (THRU 07/23) 40.00
Officer Director
$56,550 $648 $57,198
JOHN NEDELCU OD PRESIDENT 0.50
Officer Director
$0 $0 $0
BARBARA DUNE OD PRESIDENT-ELECT 0.50
Officer Director
$0 $0 $0
GARY MAGLIO OD IMMEDIATE PAST-PRESIDENT 0.50
Officer Director
$0 $0 $0
STEPHEN N POLEZONIS OD PAST-PRESIDENT (THRU 10/23) 0.50
Officer Director
$0 $0 $0
MARIA DELLA PORTA OD VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
CHRISTOPHER ARGO OD TREASURER/SECRETARY 0.50
Officer Director
$0 $0 $0
PATRICK DOTY OD DIRECTOR 0.50
Director
$0 $0 $0
MARC KALLINEN OD DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL KELLEMAN OD DIRECTOR 0.50
Director
$0 $0 $0
MARGARET MOORE OD DIRECTOR 0.50
Director
$0 $0 $0
NILKA PABON OD DIRECTOR 0.50
Director
$0 $0 $0
NICHOLAS PARADIS OD DIRECTOR 0.50
Director
$0 $0 $0
DEVINA PATEL OD DIRECTOR 0.50
Director
$0 $0 $0
BETH SCHRAMM OD DIRECTOR 0.50
Director
$0 $0 $0
GEORGE TZEPOS OD DIRECTOR 0.50
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 $839,491 $839,677 $1,332,302 $-186
2022 $848,650 $749,596 $1,268,190 $99,054
2021 $665,284 $713,027 $1,486,209 $-47,743
2020 $571,882 $520,477 $1,271,176 $51,405
2019 $785,269 $908,684 $1,282,118 $-123,415
2018 $777,035 $842,947 $1,178,401 $-65,912
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