THE MACULA FOUNDATION INC (EIN 133156197) - 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

1983

Legal Domicile

Phone

2126053777

Tax Period

2023-10-01 to 2024-09-30

THE MACULA FOUNDATION INC, founded in 1983, is a small nonprofit in the Medical Research sector that reported $174K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $321K exceeded revenue, resulting in a 85% operating deficit.

Mission

TO PREVENT AND RESTORE VISION LOSS BY RAISING AWARENESS ABOUT THE MACULA AND FURTHERING KNOWLEDGE IN THE FIELD WITH INNOVATIVE RESEARCH. BECAUSE OF THE IMPACT ON VISION, OUR PRINCIPAL GOALS HAVE BEEN THE STUDY OF AGE RELATED MACULAR DEGENERATION, DIABETIC RETINOPATHY AND OTHER RETINAL MACULAR DISEASES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $171,684

Program Service Revenue $0

Investment Income $1,869

Other Revenue $0

TOTAL REVENUE $173,553

Expense Breakdown

Grants Paid $70,172

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,022

Other Expenses $250,500

TOTAL EXPENSES $320,672

Year-over-Year Comparison

	2023	2022	Change
Revenue	$173,553	$261,348	-0.3%
Expenses	$320,672	$314,102	+0.0%
Net Income	$-147,119	$-52,754	+1.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR LAWRENCE A YANNUZZI	CHAIRMAN/PRESIDENT	4.00	Officer Director	$0	$0	$0
DR KURT GITTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JERRY H LABOWITZ	TREASURER	1.00	Officer Director	$0	$0	$0
MATTHEW TRACHTENBERG	DIRECTOR	1.00	Director	$0	$0	$0
DR JACK DODICK	DIRECTOR	1.00	Director	$0	$0	$0
DR NICHOLAS YANNUZZI	DIRECTOR	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	$173,553	$320,672	$11,813,435	$-147,119
2022	$-1,951,439	$243,468	$10,315,605	$-2,194,907
2020	$1,673,890	$386,252	$10,435,566	$1,287,638
2019	$931,384	$705,552	$9,661,925	$225,832
2018	$1,290,259	$617,651	$9,032,338	$672,608
2018	$1,290,260	$573,518	$9,030,601	$716,742

THE MACULA FOUNDATION INC