SOUTHERN EYE INSTITUTE INC

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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

2007

Legal Domicile

Principal Officer

M CATHLEEN SCHANZER

Phone

9016834600

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN EYE INSTITUTE INC, founded in 2007, is a small nonprofit in the International Affairs sector that reported $316K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $477K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO PROVIDE EDUCATION AND VISION CARE SERVICES PROVIDED TO UNDERPRIVILEGED INDIVIDUALS IN FOREIGN COUNTRIES.

Program Service Accomplishments

Program 1

Expenses: $472,027

SOUTHERN EYE INSTITUTE HELPED ESTABLISH A FULL-TIME PERMANENT EYE CLINIC IN SERABU, SIERRA LEONE, WEST AFRICA. SUPPORTED 100% BY SOUTHERN EYE INSTITUTE, THIS FREE EYE CLINIC TREATS THOUSANDS OF...

SOUTHERN EYE INSTITUTE HELPED ESTABLISH A FULL-TIME PERMANENT EYE CLINIC IN SERABU, SIERRA LEONE, WEST AFRICA. SUPPORTED 100% BY SOUTHERN EYE INSTITUTE, THIS FREE EYE CLINIC TREATS THOUSANDS OF PATIENTS EACH YEAR. THE CLINIC PROVIDES DIAGNOSTICS, MEDICINES AND GLASSES ON A DAILY BASIS AND EYE SURGERY ON A PERIODIC BASIS. APPROXIMATELY 800 CATARACT PROCEDURES WERE PERFORMED THIS YEAR AND APPROXIMATELY 12,000 PATIENTS WERE TREATED IN THE CLINIC.FOUR OPHTHALMOLOGISTS PROVIDED SURGICAL SERVICES DURING THE MONTHS OF JANUARY AND JUNE. SOUTHERN EYE INSTITUTE HAS A MEDICAL STAFF OF THIRTEEN USA BASED OPHTHALMOLOGISTS WHO TAKE TURNS ROTATING TO PERFORM SURGERY AT THE EYE CLINIC IN SERABU. FINALLY, SOUTHERN EYE INSTITUTE SUPPORTS COMMUNITY DEVELOPMENT PROJECTS IN SIERRA LEONE INCLUDING WATER WELLS, FEEDING PROGRAMS, EDUCATIONSCHOLARSHIPS, COMPUTER CENTER, SPORTS ACTIVITIES AND CULTURALEVENTS.

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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 $267,867

Program Service Revenue $0

Investment Income $48,044

Other Revenue $0

TOTAL REVENUE $315,911

Expense Breakdown

Grants Paid $472,027

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $472,027

Other Expenses $5,046

TOTAL EXPENSES $477,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$315,911	$398,520	-0.2%
Expenses	$477,073	$461,654	+0.0%
Net Income	$-161,162	$-63,134	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
M CATHLEEN SCHANZER	CHAIRMAN BOARD OF DIRECTOR	1.00	Officer Director	$0	$0	$0
JOSEPH A GEARY	CO-CHAIRMAN BOARD OF DIREC	1.00	Director	$0	$0	$0
SAMUEL PIEH	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM LEWIS	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$0
WILLIAM SANVEE	SECRETARY	1.00	Officer	$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	$315,911	$477,073	$365,544	$-161,162
2022	$398,520	$461,654	$426,708	$-63,134
2021	$729,196	$251,366	$521,453	$477,830