Association of Regulatory Boards of Optometry Inc

EIN: 237091523 501(c)(3) Public & Societal Benefit

Charlotte, NC

Total Revenue
$1,835,822
Total Expenses
$1,933,483
Total Assets
$3,165,888
Net Assets
$2,959,119
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
NE
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.

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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 (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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Governance

Voting Members
11
Independent Members
11
Employees
11
Volunteers
60

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
$172,354
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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
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