SIGHTLIFE

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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

1969

Legal Domicile

Principal Officer

BEATRIZ D VIAMONTES

Phone

8132891200

Tax Period

2022-07-01 to 2023-06-30

SIGHTLIFE, founded in 1969, is a mid-sized nonprofit in the Community Improvement sector that reported $24.1M in total revenue in fiscal year 2022. Revenue surged 220% from the prior year, signaling strong growth momentum. Expenses of $20.8M left a modest 14% surplus.

Mission

WE SERVE AS A GLOBAL LEADER AND PARTNER TO ELIMINATE CORNEAL BLINDNESS.

Program Service Accomplishments

Program 1

Expenses: $12,983,395 Revenue: $15,100,735

FOUNDED IN 1969, THE SIGHTLIFE EYE BANK IS THE ORGANIZATION'S MOST RECOGNIZED PROGRAM. TO DATE, SIGHTLIFE EYE BANK HAS PROVIDED CORNEAL TISSUE FOR APPROXIMATELY 40,000 SIGHT-RESTORING TRANSPLANTS AND HAS BECOME PROMINENT AS A LEADER AND PARTNER WITHIN THE EYE BANK COMMUNITY AS ONE OF THE LEADING EYE BANKS IN THE WORLD, IT PROVIDES RECOVERY OF CORNEAL TISSUE FOR TRANSPLANT, DONATION SERVICES, RESEARCH SUPPORT AND FAMILY SUPPORT PROGRAMS. IT ALSO IS A SIGNIFICANT PROVIDER OF WHOLE EYE GLOBES AND SCLERA FOR RESEARCH INTO EYE DISEASES, WORKING TO MAKE THE ELIMINATION OF TREATABLE CORNEAL BLINDNESS A REALITY.

Program 2

Expenses: $1,250,892 Revenue: $748,665

THE GLOBAL EYE BANK DEVELOPMENT INITIATIVE LEVERAGES OUR EXPERTISE AND RESOURCES TO ADDRESS WORLDWIDE CORNEA BLINDNESS BY PROMOTING THE GROWTH OF PROFESSIONAL EYE BANKS AROUND THE WORLD THAT ARE...

THE GLOBAL EYE BANK DEVELOPMENT INITIATIVE LEVERAGES OUR EXPERTISE AND RESOURCES TO ADDRESS WORLDWIDE CORNEA BLINDNESS BY PROMOTING THE GROWTH OF PROFESSIONAL EYE BANKS AROUND THE WORLD THAT ARE SCALABLE, SUSTAINABLE AND OF HIGH QUALITY. ESTABLISHED IN 2009, THIS INITIATIVE PROVIDES STRATEGIC, TECHNICAL AND FINANCIAL ASSISTANCE TO EYE BANK PARTNERS IN DEVELOPING COUNTRIES.

Program 3

Expenses: $143,780 Revenue: $79,645

THE NORTHWEST LIONS FOUNDATION (NLF) IS AN OPERATING UNIT OF SIGHTLIFE. NLF OVERSEES THE LIONS COMMUNITY SERVICE PROGRAMS. THESE PROGRAMS INCLUDE THE LIONS HEALTH SCREENING UNIT, THE LIONS HEARING...

THE NORTHWEST LIONS FOUNDATION (NLF) IS AN OPERATING UNIT OF SIGHTLIFE. NLF OVERSEES THE LIONS COMMUNITY SERVICE PROGRAMS. THESE PROGRAMS INCLUDE THE LIONS HEALTH SCREENING UNIT, THE LIONS HEARING AID BANK, PROJECT SUPPORT & PATIENT CARE GRANTS. ADDITIONALLY, THE NLF PROVIDED MANY OTHERS WITH FINANCIAL ACCESS TO MEDICAL PROCEDURES AND HEARING AIDS. NLF SPONSORS VARIOUS FUNDRAISING INITIATIVES TO SUPPORT THESE PROGRAMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $7,635,078

Program Service Revenue $15,929,045

Investment Income $106,299

Other Revenue $437,811

TOTAL REVENUE $24,108,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,750,080

Fundraising Expenses $420,697

Program Expenses $14,378,067

Other Expenses $9,081,408

TOTAL EXPENSES $20,831,488

Year-over-Year Comparison

	2022	2021	Change
Revenue	$24,108,233	$7,533,969	+2.2%
Expenses	$20,831,488	$10,294,533	+1.0%
Net Income	$3,276,745	$-2,760,564	-2.2%

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

214

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

$156,850

Total Directors

$645,990

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLASS E PACE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
EDWIN NARAIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN GEBHART	TREASURER	12.00	Officer Director	$156,850	$0	$156,850
JANE RADY	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE SUAREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON K WOODY	BOARD MEMBER	1.00	Director	$0	$38,261	$489,140

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	$24,108,233	$20,831,488	$9,696,800	$3,276,745
2022	$7,533,969	$10,294,533	$7,861,000	$-2,760,564
2021	$18,051,370	$20,975,733	$10,297,122	$-2,924,363
2020	$16,633,348	$21,803,073	$23,044,860	$-5,169,725
2019	$22,556,260	$24,535,287	$26,613,840	$-1,979,027
2018	$24,733,750	$24,549,550	$8,725,183	$184,200