AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION

EIN: 237388748 501(c)(3) Human Services

FAIRFAX, VA

Total Revenue
$1,064,638
Total Expenses
$992,877
Total Assets
$6,426,034
Net Assets
$6,331,961
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
CA
Principal Officer
STEPHEN H SPEARES
Phone
7035912220
Tax Period
2020-09-01 to 2021-08-31

AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION, founded in 1984, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2017. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $680K, a strong 41% operating margin.

Mission

PROVIDE FUNDING, SUPPORT, ORGANIZATION AND INFRASTRUCTURE TO ENABLE THE DELIVERY OF CHARITABLE EYECARE AND PHYSICIAN EDUCATION.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $753,796
Program Service Revenue $0
Investment Income $310,842
Other Revenue $0
TOTAL REVENUE $1,064,638

Expense Breakdown

Grants Paid $510,278
Salaries & Benefits $0
Fundraising Expenses $49,941
Program Expenses $671,152
Other Expenses $482,599
TOTAL EXPENSES $992,877

Year-over-Year Comparison

2020 2019 Change
Revenue $1,064,638 $894,089 +0.2%
Expenses $992,877 $3,089,120 -0.7%
Net Income $71,761 $-2,195,031 -1.0%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
175

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID F CHANG MD CHAIR, INTERNATIONAL DIVISION 2.00
Officer Director
$0 $0 $0
KERRY SOLOMON MD CHAIR, DOMESTIC DIVISION 2.00
Officer Director
$0 $0 $0
JAMES MAZZO CHAIR, INDUSTRY RELATIONS 2.00
Officer Director
$0 $0 $0
STEVEN CHARLES MD BOARD MEMBER 2.00
Director
$0 $0 $0
DOUGLAS KOCH MD BOARD MEMBER 2.00
Director
$0 $0 $0
ADRIENNE GRAVES PHD BOARD MEMBER 2.00
Director
$0 $0 $0
BONNIE AN HENDERSON MD BOARD MEMBER 2.00
Director
$0 $0 $0
SEAN IANCHULEV MD PHD BOARD MEMBER 2.00
Director
$0 $0 $0
ANN KELMAN BOARD MEMBER 2.00
Director
$0 $0 $0
RICHARD LINDSTROM MD BOARD MEMBER 2.00
Director
$0 $0 $0
SUSAN MACDONALD MD BOARD MEMBER 2.00
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
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
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