RETINA RESEARCH FOUNDATION

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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

ARTHUR WILLIS MD

Phone

7137971925

Tax Period

2023-01-01 to 2023-12-31

RETINA RESEARCH FOUNDATION, founded in 1969, is a community nonprofit in the Medical Research sector that reported $2.4M in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE RETINA RESEARCH FOUNDATION IS TO REDUCE RETINAL BLINDNESS WORLDWIDE BY FUNDING PROGRAMS IN RESEARCH AND EDUCATION. AS A PUBLIC CHARITY, RRF RAISES FUNDS FROM THE PRIVATE SECTOR AND THE INVESTMENT OF ITS ENDOWMENT FUNDS.

Program Service Accomplishments

Program 1

Expenses: $2,309,380

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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 $2,334,923

Program Service Revenue $0

Investment Income $87,969

Other Revenue $18,822

TOTAL REVENUE $2,441,714

Expense Breakdown

Grants Paid $2,246,254

Salaries & Benefits $108,066

Fundraising Expenses $0

Program Expenses $2,309,380

Other Expenses $176,721

TOTAL EXPENSES $2,531,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,441,714	$2,299,919	+0.1%
Expenses	$2,531,041	$2,293,424	+0.1%
Net Income	$-89,327	$6,495	-14.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN A BERNARD JR	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA K BOYD	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
PETROS E CARVOUNIS MD	DIRECTOR	1.00	Director	$0	$0	$0
ROSANETTE S CULLEN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN C DAWSON JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RONALD G GIROTTO	VP/CHAIR, BOARD OF ADVISORY TRUSTEES	1.00	Officer Director	$0	$0	$0
NANCY F JAPHET	DIRECTOR	1.00	Director	$0	$0	$0
JAMES E KEY MD	DIRECTOR	1.00	Director	$0	$0	$0
BETTIE HARDING LEE	SECRETARY	1.00	Officer Director	$0	$0	$0
BRUCE B MACK	DIRECTOR	1.00	Director	$0	$0	$0
LEWIS H GISSEL III	DIRECTOR	1.00	Director	$0	$0	$0
BEN ORMAN MD	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE W ORTON	DIRECTOR	1.00	Director	$0	$0	$0
H RICHARD WALTON	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH W ROYCE	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR WILLIS MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
R MALCOLM WOOLEY	DIRECTOR	1.00	Director	$0	$0	$0
W MAC JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE P WASHINGTON	DIRECTOR	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	$2,441,714	$2,531,041	$4,143,419	$-89,327
2022	$2,299,919	$2,293,424	$3,916,625	$6,495
2021	$2,470,353	$1,907,404	$4,418,640	$562,949
2020	$2,064,430	$2,136,749	$3,566,043	$-72,319
2019	$2,307,070	$1,721,486	$3,302,536	$585,584
2018	$1,756,695	$1,745,139	$2,504,163	$11,556