CONTACT LENS SOCIETY OF AMERICA 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

1964

Legal Domicile

Principal Officer

HEIDI DELLAPESCA

Phone

9737282212

Tax Period

2023-01-01 to 2023-12-31

CONTACT LENS SOCIETY OF AMERICA INC, founded in 1964, is a small nonprofit that reported $203K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $195K left a modest 4% surplus.

Mission

PROMOTE EDUCATION, DEVELOPMENT & PROFESSIONALISM AMONG CONTACT LENS FITTERS & MANUFACTURERS.

Program Service Accomplishments

Program 1

TO PROMOTE EDUCATION, COOPERATION AND MUTUAL UNDERSTANDING AMONG THOSE INTERESTED IN CONTACT LENS FITTING AND DEVELOPMENT THROUGH EDUCATIONAL OPPORTUNITIES, NEWSLETTERS, MEETINGS, SEMINARS AND...

TO PROMOTE EDUCATION, COOPERATION AND MUTUAL UNDERSTANDING AMONG THOSE INTERESTED IN CONTACT LENS FITTING AND DEVELOPMENT THROUGH EDUCATIONAL OPPORTUNITIES, NEWSLETTERS, MEETINGS, SEMINARS AND CONVENTIONS.

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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 $202,876

Investment Income $0

Other Revenue $0

TOTAL REVENUE $202,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $195,399

TOTAL EXPENSES $195,399

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,876	$156,256	+0.3%
Expenses	$195,399	$150,372	+0.3%
Net Income	$7,477	$5,884	+0.3%

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
THERESA KLEIN	PRESIDENT	12.00	Officer Director	$0	$0	$0
AMY FENS	TREASUTER/SECRETARY	2.00	Officer Director	$0	$0	$0
PHYLLIS RAKOW	BOARD MEMBER	1.00	Director	$0	$0	$0
RENEE RIVARD	BOARD MEMBER	4.00	Director	$0	$0	$0
JOHN GELLES	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON JEDLICKA	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA REYES	BOARD MEMBER	1.00	Director	$0	$0	$0
KEMBERLY GRIZZAFFI-YOST	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
BUDDY RUSSELL	BOARD MEMBER	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	No data	No data	No data	No data
2023	$202,876	$195,399	$96,264	$7,477
2022	$156,256	$150,372	$95,174	$5,884
2021	$159,267	$180,834	$88,490	$-21,567
2020	$68,112	$78,830	$109,485	$-10,718
2019	$653,516	$148,526	$120,203	$504,990
2018	$235,842	$324,606	$103,333	$-88,764