MID-SOUTH EYE BANK FOR SIGHT RESTORATION

EIN: 237060637 501(c)(3)

MEMPHIS, TN

Total Revenue
$1,091,445
Total Expenses
$1,070,256
Total Assets
N/A
Net Assets
N/A
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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
1967
Legal Domicile
TN
Principal Officer
ANDY TAYLOR
Phone
9014488264
Tax Period
2018-07-01 to 2019-05-13

MID-SOUTH EYE BANK FOR SIGHT RESTORATION, founded in 1967, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2018.

Mission

61THE EYE BANK SUPPORTS CORNEAL AND SCLERA TRANSPLANTATION BY RECOVERING TISSUE FROM CONSENTED DONORS IN THE MOST NON-INVASIVE AND RESPECTFUL WAY AND EVALUATES AND PRESERVES THE TISSUE FOR TRANSPLANTATION.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $420
Program Service Revenue $1,069,910
Investment Income $20,115
Other Revenue $1,000
TOTAL REVENUE $1,091,445

Expense Breakdown

Grants Paid $0
Salaries & Benefits $372,934
Fundraising Expenses $0
Program Expenses $923,470
Other Expenses $697,322
TOTAL EXPENSES $1,070,256

Year-over-Year Comparison

2018 2017 Change
Revenue $1,091,445 $1,044,880 +0.0%
Expenses $1,070,256 $1,165,079 -0.1%
Net Income $21,189 $-120,199 -1.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
7
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
5
$157,100
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN FREEMAN BOARD CHAIRMAN 1.00
Officer Director
$0 $0 $0
JAMES FREEMAN MEDICAL DIRECTOR 1.00
Officer Director
$0 $0 $0
ANDY TAYLOR TREASURER 1.00
Officer Director
$0 $0 $0
JON HARGIS SECRETARY 1.00
Director
$0 $0 $0
KIM GILLEY MEMBER 1.00
Director
$0 $0 $0
KEN JONES MEMBER 1.00
Director
$0 $0 $0
APRIL RULEMAN EXECUTIVE DIRECTOR 40.00
Officer
$89,000 $0 $89,000
ANNA JACKSON OFFICE MANAGER/QUALITY ASS 40.00
Officer
$68,100 $0 $68,100
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
2019 $1,091,445 $1,070,256 No data $21,189
2018 $1,044,880 $1,165,079 $692,859 $-120,199
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