INDIANA ACADEMY OF OPHTHALMOLOGY INC

EIN: 237363521

INDIANAPOLIS, IN

Total Revenue
$135,760
Total Expenses
$129,960
Total Assets
$91,004
Net Assets
$56,249
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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
IN
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

Program Service Accomplishments

Program 1

PROVIDE SEMINARS AND A NEWSLETTER IN ORDER TO EDUCATE MEMBERS ON NEW DEVELOPMENTS IN OPHTHALMOLOGY.

Program 2

LOBBYING INDIANA STATE OFFICIALS REGARDING LEGAL, LEGISLATIVE, AND REGULATORY ISSUES AFFECTING INDIANA OPHTHALMOLOGISTS.

Program 3

ANNUAL MEETING TO DISCUSS CURRENT DEVELOPMENTS IN OPTHALMOLOGY.

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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 $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

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Governance

Voting Members
14
Independent Members
14
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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY HUDSON PRESIDENT 0.00
Officer Director
$0 $0 $0
CHI WAH YUNG PRESIDENT ELECT 0.00
Officer Director
$0 $0 $0
MICHAEL HOPEN SECRETARY/TREASURER 0.00
Officer Director
$0 $0 $0
RAMANA MOORTHY PAST PRESIDENT 0.00
Officer Director
$0 $0 $0
STEPHEN KLAPPER COUNCILOR 0.00
Officer Director
$0 $0 $0
MARK KAEHR DIRECTOR 0.00
Director
$0 $0 $0
WHITNEY BOLING DIRECTOR 0.00
Director
$0 $0 $0
SALLY PRIMUS DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL HOPEN DIRECTOR 0.00
Director
$0 $0 $0
FRANK HRISOMALOS DIRECTOR 0.00
Director
$0 $0 $0
DOUGLAS ZEL DIRECTOR 0.00
Director
$0 $0 $0
ALEXANDER IZAD DIRECTOR 0.00
Director
$0 $0 $0
JOHN LIND DIRECTOR 0.00
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 $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
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