WILLS EYE COMMUNITY SURGICAL SERVICES CORPORATION (EIN 232763562) - 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

1993

Legal Domicile

Principal Officer

DR JULIA HALLER

Phone

2159283320

Tax Period

2023-07-01 to 2024-06-30

WILLS EYE COMMUNITY SURGICAL SERVICES CORPORATION, founded in 1993, is a small nonprofit in the Health Care sector that reported $726K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $630K left a modest 13% surplus.

Mission

TO PROMOTE THE PROVISION OF QUALITY AND ACCESSIBLE HEALTH CARE TO THE COMMUNITY.TO PROMOTE THE PROVISION OF QUALITY AND ACCESSIBLE HEALTH CARE TO THE COMMUNITY BY ADVANCING THE USE OF SURGICAL SERVICES ON AN AMBULATORY BASIS.

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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 $0

Program Service Revenue $823,297

Investment Income $332

Other Revenue $-97,919

TOTAL REVENUE $725,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $626,388

Other Expenses $629,690

TOTAL EXPENSES $629,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$725,710	$853,554	-0.1%
Expenses	$629,690	$3,096	+202.4%
Net Income	$96,020	$850,458	-0.9%

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

N/A

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

$1,309,681

Total Directors

$617,681

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH P BILSON	CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$84,631	$617,681
MICHAEL ALLEN	TRUSTEE AND SECRETARY	1.00	Officer	$0	$19,078	$447,217
SHELLEY JOHNSON	TRUSTEE AND TREASURER	0.50	Officer	$0	$826	$244,783

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
2025	No data	No data	No data	No data
2024	$725,710	$629,690	$3,394,458	$96,020
2023	$853,554	$3,096	$3,630,949	$850,458
2022	$1,798,593	$27,269	$4,089,290	$1,771,324
2021	$758,747	$685,737	$3,494,491	$73,010
2020	$735,170	$1,151	$4,289,114	$734,019
2019	$736,240	$4,287	$4,191,769	$731,953
2018	$835,287	$9,990	$4,470,304	$825,297

WILLS EYE COMMUNITY SURGICAL SERVICES CORPORATION