OPHTHALMOLOGY RESEARCH FOUNDATION

EIN: 237081974 501(c)(3) Medical Research

MIAMI, FL

Total Revenue
$4,118,926
Total Expenses
$1,761,655
Total Assets
$78,779,926
Net Assets
$73,976,949
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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
Principal Officer
JOHN G CLARKSON MD
Phone
3053266190
Tax Period
2023-08-01 to 2024-07-31

OPHTHALMOLOGY RESEARCH FOUNDATION, founded in 1970, is a community nonprofit in the Medical Research sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 57% operating margin.

Mission

THE MISSION OF THE ORF IS TO RECEIVE AND MAINTAIN FUNDS THAT ARE USED EXCLUSIVELY TO SUPPORT THE CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES OF THE BASCOM PALMER EYE INSTITUTE IS THE DEPARTMENT OF OPHTHALMOLOGY OF THE UNIVERSITY OF MIAMI MILLER SCHOOL OF MEDICINE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $362,586
Program Service Revenue $2,356,008
Investment Income $1,400,332
Other Revenue $0
TOTAL REVENUE $4,118,926

Expense Breakdown

Grants Paid $340,000
Salaries & Benefits $29,750
Fundraising Expenses $3,227
Program Expenses $1,724,805
Other Expenses $1,391,905
TOTAL EXPENSES $1,761,655

Year-over-Year Comparison

2023 2022 Change
Revenue $4,118,926 $3,013,509 +0.4%
Expenses $1,761,655 $4,480,481 -0.6%
Net Income $2,357,271 $-1,466,972 -2.6%
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
6
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
6
$3,278,478
Total Directors
6
$3,278,478
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDUARDO ALFONSO MD PRESIDENT 2.00
Officer Director
$0 $6,798 $1,323,140
CAROL KARP MD MEMBER-AT-LA 0.50
Officer Director
$0 $2,322 $567,780
STEVEN J GEDDE MEMBER-AT-LA 0.50
Officer Director
$0 $2,322 $486,257
RICHARD PARRISH II MD SECRETARY 0.50
Officer Director
$0 $6,798 $475,329
DAVID TSE MD MEMBER-AT-LA 0.50
Officer Director
$0 $6,798 $425,972
JOHN G CLARKSON MD EXECUTIVE DI 2.00
Officer 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 $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
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