NEURO-OPTOMETRIC REHABITATION ASC INC (EIN 061409414) - 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

1991

Legal Domicile

Principal Officer

CHARLES SHIDLOFSKY

Phone

9492500176

Tax Period

2024-01-01 to 2024-12-31

NEURO-OPTOMETRIC REHABITATION ASC INC, founded in 1991, is a small nonprofit in the Medical Research sector that reported $274K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $317K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE A METHOD FOR A CROSS-DISCIPLINARY EXCHANGE OF INFORMATION AND EDUCATION TO HELP THOSE WITH NEURO-PHYSIOLOGICAL DYSFUNCTIONS

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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 $93,923

Program Service Revenue $179,898

Investment Income $0

Other Revenue $0

TOTAL REVENUE $273,821

Expense Breakdown

Grants Paid $4,963

Salaries & Benefits $88,270

Fundraising Expenses $0

Program Expenses $218,708

Other Expenses $224,237

TOTAL EXPENSES $317,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$273,821	$340,088	-0.2%
Expenses	$317,470	$413,742	-0.2%
Net Income	$-43,649	$-73,654	-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

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

$5,288

Total Directors

$62,883

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEANN FITZGERALD	PAST PRESIDENT	2.00	Officer	$0	$0	$0
CHARLES SHIDLOFSKY	PRESIDENT	2.00	Officer	$1,319	$0	$1,319
MELISSA ZARN URANKAR	VICE PRESIDENT	2.00	Officer	$0	$0	$0
SHIRLEY BLANC	SECRETARY/TREASURY	2.00	Officer	$820	$0	$820
N/A	EXECUTIVE DIRECTOR	15.00	Director	$62,883	$0	$62,883
BARBARA CLAYFRESH EYE ANALYTICS	EXECUTIVE DIRECTOR	15.00	Director	$0	$0	$0
KATHRYNN COLLINS	ADVISORY	2.00	Officer	$424	$0	$424
DAVID KATZ	ADVISORY	2.00	Officer	$1,222	$0	$1,222
GINA KIM	ADVISORY	2.00	Officer Director	$0	$0	$0
CHERYL LETHEREN	ADVISORY	2.00	Officer	$1,503	$0	$1,503

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	$273,821	$317,470	$75,625	$-43,649
2023	$340,088	$413,742	$119,683	$-73,654
2022	$334,406	$355,385	$193,110	$-20,979
2021	$184,260	$170,874	$213,869	$13,386
2020	$166,182	$190,037	$201,021	$-23,855
2019	$455,315	$438,135	$224,820	$17,180
2018	$266,864	$277,510	$208,831	$-10,646

NEURO-OPTOMETRIC REHABITATION ASC INC