Association of Regulatory Boards o… - 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

1919

Legal Domicile

Principal Officer

Lisa Fennell

Phone

7049702710

Tax Period

2024-01-01 to 2024-12-31

Association of Regulatory Boards of Optometry Inc, founded in 1919, is a community nonprofit in the Public & Societal Benefit sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

The mission of the Association of Regulatory Boards of Optometry is to represent and assist member licensing agencies in regulating the practice of optometry for the public welfare.

Program Service Accomplishments

Program 1

Expenses: $741,933 Revenue: $646,040

The Council on Optometric Practitioner Education (COPE), the national clearinghouse for optometry CE courses, currently is accepted by 52 boards of optometry. Instructors can submit courses for COPE qualification and CE Administrators can submit their events (meeting, conference, etc.) for COPE approval and accreditation.

Program 2

Expenses: $706,846 Revenue: $594,180

Optometrists can review their continuing education (CE) attendance data from anywhere via the internet. Users can view their chronological course history and print transcript or paper certificates...

Optometrists can review their continuing education (CE) attendance data from anywhere via the internet. Users can view their chronological course history and print transcript or paper certificates. Licensing Boards can use the data in OE TRACKER to perform continuing education audits during their license renewal process.

Program 3

Revenue: $740

Council on Endorsed Licensure Mobility for Optometrists (CELMO), assists state optometry boards in reviewing applications for licensure from established practitioners in other jurisdictions...

Council on Endorsed Licensure Mobility for Optometrists (CELMO), assists state optometry boards in reviewing applications for licensure from established practitioners in other jurisdictions. Providing a license mobility vehicle by which state optometry boards can address the difficult task and burden of how to deal with the issue of licensure by endorsement in a uniform and consistent manner.

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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 $50,150

Program Service Revenue $1,240,960

Investment Income $146,612

Other Revenue $398,100

TOTAL REVENUE $1,835,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $928,524

Fundraising Expenses $0

Program Expenses $1,448,779

Other Expenses $1,004,959

TOTAL EXPENSES $1,933,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,835,822	$1,668,225	+0.1%
Expenses	$1,933,483	$1,704,213	+0.1%
Net Income	$-97,661	$-35,988	+1.7%

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

$172,354

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Fennell	Executive Dir.	50.00	Officer	$172,354	$0	$172,354
Linda Tharp OD	Director	1.00	Director	$0	$0	$0
Coby S Ramsey OD	Past President	1.00	Officer Director	$0	$0	$0
Gerard Lozada OD	Director	1.00	Director	$0	$0	$0
Eric Bailey OD	Director	1.00	Director	$0	$0	$0
Luanne Chubb OD	Director	1.00	Director	$0	$0	$0
Donovan L Crouch OD	Consultant	1.00	Director	$0	$0	$0
Terri L Haley OD	Vice President	1.00	Officer Director	$0	$0	$0
Jeffery B Yunker OD	President	2.00	Officer Director	$0	$0	$0
Glenn K Kawaguchi OD	Director	1.00	Director	$0	$0	$0
James S Campbell OD	Director	1.00	Director	$0	$0	$0
Patrick W O'Neill OD	Director	1.00	Director	$0	$0	$0
Margaret Whelan MPA	Secretary/Treas	1.00	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
2025	No data	No data	No data	No data
2024	$1,835,822	$1,933,483	$3,165,888	$-97,661
2023	$1,668,225	$1,704,213	$3,030,249	$-35,988
2022	$1,595,028	$1,614,790	$2,789,265	$-19,762
2021	$1,558,679	$1,085,167	$3,381,458	$473,512
2020	$1,304,699	$956,511	$2,794,077	$348,188
2019	$1,373,929	$1,117,602	$2,236,503	$256,327
2018	$1,345,552	$1,057,514	$1,809,092	$288,038

Association of Regulatory Boards of Optometry Inc