WILLS EYE OPHTHALMOLOGY CLINIC INC (EIN 233065896) - 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

2000

Legal Domicile

Principal Officer

DR JULIA HALLER

Phone

2159283320

Tax Period

2023-07-01 to 2024-06-30

WILLS EYE OPHTHALMOLOGY CLINIC INC, founded in 2000, is a mid-sized nonprofit in the Medical Research sector that reported $32.0M in total revenue in fiscal year 2023. Expenses of $42.1M exceeded revenue, resulting in a 32% operating deficit.

Mission

HEALTH CARE PROVIDER, EMERGENCY ROOM PHYSICIANS AND EDUCATIONAL TRAINING SITE.

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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 $30,890,654

Investment Income $0

Other Revenue $1,080,088

TOTAL REVENUE $31,970,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,365,976

Fundraising Expenses $0

Program Expenses $39,136,688

Other Expenses $13,780,675

TOTAL EXPENSES $42,146,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,970,742	$31,394,262	+0.0%
Expenses	$42,146,651	$38,819,373	+0.1%
Net Income	$-10,175,909	$-7,425,111	+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

N/A

Employees

338

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

$2,882,893

Total Directors

$617,681

Key Employees

$2,295,074

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH P BILSON	PRESIDENT & DIRECTOR	6.00	Officer Director	$0	$84,631	$617,681
DR JULIA HALLER	VICE PRESIDENT	12.00	Officer	$0	$76,880	$1,573,212
MICHAEL ALLEN	SECRETARY	4.00	Officer	$0	$19,078	$447,217
SHELLEY D JOHNSON	TREASURER	5.00	Officer	$0	$826	$244,783
GINA M PINO	EXECUTIVE DIRECTOR	40.00	Key Emp	$261,640	$2,102	$263,742
DR CHRISTOPHER RAPUANO	PHYSICIAN	40.00	Key Emp	$429,143	$10,249	$439,392
DR DOUGLAS WISNER	PHYSICIAN	40.00	Key Emp	$445,357	$5,256	$450,613
DR JONATHAN MYERS	PHYSICIAN	40.00	Key Emp	$313,458	$10,333	$323,791
DR KAMMI GUNTON	PHYSICIAN	40.00	Key Emp	$335,109	$5,256	$340,365
DR ROBERT SERGOTT	PHYSICIAN	40.00	Key Emp	$474,543	$2,628	$477,171
DR JURJI BILYK	PHYSICIAN	40.00	Highest	$724,330	$81,134	$805,464
DR BEERAN MEGHPARA	PHYSICIAN	40.00	Highest	$623,141	$2,628	$625,769
ZEBA A SYED	PHYSICIAN	40.00	Highest	$549,147	$2,628	$551,775
DR REZA RAZEGHINEJAD	PHYSICIAN	40.00	Highest	$495,661	$2,628	$498,289
DR ROBERT BAILEY	PHYSICIAN	40.00	Highest	$426,400	$3,416	$429,816

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	$31,970,742	$42,146,651	$11,891,782	$-10,175,909
2023	$31,394,262	$38,819,373	$6,748,089	$-7,425,111
2022	$29,122,643	$36,846,167	$6,563,652	$-7,723,524
2021	$29,646,544	$35,979,035	$6,312,252	$-6,332,491
2020	$19,602,999	$26,417,328	$5,850,737	$-6,814,329
2019	$16,837,508	$21,851,971	$4,191,823	$-5,014,463
2018	$10,220,705	$13,474,305	$2,835,520	$-3,253,600

WILLS EYE OPHTHALMOLOGY CLINIC INC