INDIANA ACADEMY OF OPHTHALMOLOGY INC (EIN 237363521) - Form 990 Financial Analysis & Trantor Score

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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

1974

Legal Domicile

Principal Officer

KIM WILLIAMS

Phone

3176345963

Tax Period

2024-01-01 to 2024-12-31

INDIANA ACADEMY OF OPHTHALMOLOGY INC, founded in 1974, is a small nonprofit that reported $136K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $130K left a modest 4% surplus.

Mission

CONTINUING EDUCATION FOR OPHTHALMOLOGY PRACTITIONERS

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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 $82,250

Program Service Revenue $53,470

Investment Income $40

Other Revenue $0

TOTAL REVENUE $135,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $129,960

TOTAL EXPENSES $129,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$135,760	$145,482	-0.1%
Expenses	$129,960	$129,983	0.0%
Net Income	$5,800	$15,499	-0.6%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JEFFREY HUDSON	PRESIDENT	Officer Director	$0	$0	$0
CHI WAH YUNG	PRESIDENT ELECT	Officer Director	$0	$0	$0
MICHAEL HOPEN	SECRETARY/TREASURER	Officer Director	$0	$0	$0
RAMANA MOORTHY	PAST PRESIDENT	Officer Director	$0	$0	$0
STEPHEN KLAPPER	COUNCILOR	Officer Director	$0	$0	$0
MARK KAEHR	DIRECTOR	Director	$0	$0	$0
WHITNEY BOLING	DIRECTOR	Director	$0	$0	$0
SALLY PRIMUS	DIRECTOR	Director	$0	$0	$0
MICHAEL HOPEN	DIRECTOR	Director	$0	$0	$0
FRANK HRISOMALOS	DIRECTOR	Director	$0	$0	$0
DOUGLAS ZEL	DIRECTOR	Director	$0	$0	$0
ALEXANDER IZAD	DIRECTOR	Director	$0	$0	$0
JOHN LIND	DIRECTOR	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	$135,760	$129,960	$91,004	$5,800
2023	$145,482	$129,983	$97,214	$15,499
2022	$135,168	$151,107	$80,990	$-15,939
2021	$95,330	$149,832	$89,227	$-54,502
2020	$120,166	$139,029	$112,526	$-18,863
2020	$170,166	$139,029	$172,024	$31,137
2019	$184,186	$185,939	$148,055	$-1,753
2018	$159,868	$174,111	$152,534	$-14,243

INDIANA ACADEMY OF OPHTHALMOLOGY INC