THE OPHTHALMOLOGY RESEARCH FOUNDAT… - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

DAVID TSE MD

Phone

3053266190

Tax Period

2024-08-01 to 2025-07-31

THE OPHTHALMOLOGY RESEARCH FOUNDATION INC, founded in 1970, is a community nonprofit in the Medical Research sector that reported $8.5M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $6.9M, a strong 81% operating margin.

Mission

THE ORGANIZATION PURCHASES PROPERTY, LOANS MONEY, OR CONSTRUCTS BASCOM PALMER'S PRIMARY PRACTICE LOCATIONS. MOST RECENTLY, PROPERTY WAS PURCHASED FOR THE CONSTRUCTION OF THE BASCOM PALMER EYE INSTITUTE.

Program Service Accomplishments

Program 1

Expenses: $1,580,069 Revenue: $1,967,120

THE ORGANIZATION PURCHASES PROPERTY, LOANS MONEY OR CONSTRUCTS BASOM PALMER'S PRIMARY PRACTICE LOCATIONS. MOST RECENTLY, PROPERTY WAS PURCHASED FOR THE CONSTRUCTION OF THE BASCOM PALMER'S EYE...

THE ORGANIZATION PURCHASES PROPERTY, LOANS MONEY OR CONSTRUCTS BASOM PALMER'S PRIMARY PRACTICE LOCATIONS. MOST RECENTLY, PROPERTY WAS PURCHASED FOR THE CONSTRUCTION OF THE BASCOM PALMER'S EYE INSTITUTE IN NAPLES, FL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $218,655

Program Service Revenue $1,967,120

Investment Income $6,319,541

Other Revenue $0

TOTAL REVENUE $8,505,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,750

Fundraising Expenses $2,993

Program Expenses $1,580,069

Other Expenses $1,594,909

TOTAL EXPENSES $1,624,659

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,505,316	$9,352,354	-0.1%
Expenses	$1,624,659	$4,415,218	-0.6%
Net Income	$6,880,657	$4,937,136	+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

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

$1,835,030

Total Directors

$3,450,272

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDUARDO ALFONSO	PRESIDENT	N/A	Officer Director	$0	$6,798	$1,396,836
STEVEN J GEDDE	MEMBER-AT-LA	N/A	Director	$0	$2,322	$751,703
CAROL KARP MD	MEMBER-AT-LA	N/A	Director	$0	$3,564	$442,305
RICHARD PARRISH II M D	SECRETARY	N/A	Officer Director	$0	$6,798	$438,194
DAVID TSE MD	MEMBER-AT-LA	N/A	Director	$0	$6,798	$421,234

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	$8,505,316	$1,624,659	$82,826,708	$6,880,657
2024	$4,118,926	$1,761,655	$78,779,926	$2,357,271
2023	$3,013,509	$4,480,481	$75,827,274	$-1,466,972
2022	$9,352,354	$4,415,218	$78,932,137	$4,937,136
2021	$5,892,535	$1,631,377	$81,874,208	$4,261,158
2020	$3,540,077	$1,940,859	$75,545,840	$1,599,218
2019	$3,886,530	$2,137,232	$75,072,078	$1,749,298
2018	$6,587,057	$2,036,358	$74,424,700	$4,550,699

THE OPHTHALMOLOGY RESEARCH FOUNDATION INC