AMERICAN SOCIETY OF CATARACT AND R… - 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

1984

Legal Domicile

Principal Officer

ABIGAIL MARKWARD

Phone

7035912220

Tax Period

2024-09-01 to 2025-08-31

AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION, founded in 1984, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 136% from the prior year, signaling strong growth momentum. The organization ran a surplus of $463K, a strong 26% operating margin.

Mission

THE ASCRS FOUNATION IS A 501(C)(3) ORGANIZATION THAT SUPPORTS PHYSICIAN EDUCATION AND PROVIDES HUMANITARIAN CATARACT SURGERY IN THE U.S. AND ABROAD. THROUGH ITS PROGRAMS AND PARTNERSHIPS THE FOUNDATION WORKS TO MAXIMIZE THE BENEFITS OF MODERN OPHTHALMOLOGY.

Program Service Accomplishments

Program 1

Expenses: $553,598

CHARITABLE/HUMANITARIAN EYE CARE: SUPPORT FOUNDATION SPONSORED CHARITABLE AND HUMANITARIAN EYE CARE EFFORTS IN THE U.S. AND IN THE DEVELOPING WORLD. THE ASCRS FOUNDATION PROVIDES PHYSICIAN EDUCATION BOTH IN THE UNITED STATES AND INTERNATIONALLY. IN THE U.S., THE FOUNDATION HELPS TO SUPPORT THE DEVELOPMENT AND DELIVERY OF EDUCATION PROGRAM CONTENT AT THE ASCRS ANNUAL MEETING, WHILE OVERSEAS THE FOUNDATION SUPPORTS WETLAB TRAINING AND BOARD REVIEW COURSES FOR ETHIOPIA'S 5 RESIDENCY TRAINING PROGRAMS.

Program 2

Expenses: $10,000

RESIDENT EXCELLENCE AWARDS; TRADITIONALLY PROVIDES TEN 1,000 AWARDS ANNUALLY TO ENABLE OPHTHALMOLOGY RESIDENTS EXHIBITING EXEMPLARY PERFORMANCE TO ATTEND THE ASCRS ANNUAL MEETING. THE AWARDS ARE MADE FOLLOWING A COMPETETIVE APPLICATION PROCESS. THE CATEGORIES FOR CONSIDERATION INCLUDE RESEARCH,PATIENT CARE, LEADERSHIP, AND EDUCATION.

Program 3

Expenses: $20,000

YOUNG EYE SURGEONS INTERNATIONAL SERVICE GRANTS: THESE GRANTS ARE INTENDED TO INSPIRE YOUNG EYE SURGEONS TO BECOME INVOLVED WITH GLOBAL EYE CARE ON A LONG-TERM BASIS AND AFFORDS THE OPPORTUNITY FOR THE GRANTEE TO PARTICIPATE IN HEALTH CARE SYSTEMS, INCLUDING TEACHING INSTITUTIONS AND COMMUNITY PROGRAMS, IN DEVELOPING COUNTRIES. THE GRANTS PROVIDE FUNDING FOR GRANTEES TO INITIATE A GLOBAL SERVICE PROJECT, INCLUDING THE DEVELOPMENT OF A CUSTOMIZED INTERNATIONAL VOLUNTEER PLAN PROVIDING THE OPPORTUNITY FOR A YOUNG EYE SURGEON TO LEARN FIRST-HAND THE INTRICACIES BEHIND GLOBAL EYECARE EFFORTS.

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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 $1,571,773

Program Service Revenue $0

Investment Income $177,882

Other Revenue $0

TOTAL REVENUE $1,749,655

Expense Breakdown

Grants Paid $405,976

Salaries & Benefits $0

Fundraising Expenses $5,066

Program Expenses $583,598

Other Expenses $881,119

TOTAL EXPENSES $1,287,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,749,655	$742,315	+1.4%
Expenses	$1,287,095	$1,231,066	+0.0%
Net Income	$462,560	$-488,751	-1.9%

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

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
SUSAN MACDONALD MD	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAVID F CHANG MD	BOARD MEMBER	2.00	Director	$0	$0	$0
ZAINA AL-MOHTASEB MD	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREW CHANG	BOARD MEMBER	2.00	Director	$0	$0	$0
MATT JENSEN MD	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
BRUCE MALLER	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
CATHLEEN MCCABE MD	BOARD MEMBER	2.00	Director	$0	$0	$0
FRANCIS MAH MD	BOARD MEMBER	2.00	Director	$0	$0	$0
MATT OLIVA MD	BOARD MEMBER	2.00	Director	$0	$0	$0
STAN PLETCHER MD	BOARD MEMBER	2.00	Director	$0	$0	$0
AUDREY ROSTOV MD	BOARD MEMBER	2.00	Director	$0	$0	$0
ABIGAIL MARKWARD	PRINCIPAL OF	2.00	Officer Director	$0	$0	$0
STEPHEN H SPEARES	EXECUTIVE DI	2.00	Officer	$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	$1,749,655	$1,287,095	$7,133,768	$462,560
2021	$1,064,638	$992,877	$6,426,034	$71,761
2020	$894,089	$3,089,120	$6,120,000	$-2,195,031
2019	$1,008,374	$949,257	$8,093,987	$59,117
2018	$1,641,377	$961,432	$8,272,493	$679,945

AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION