Vision Benefits of America Inc

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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

1973

Legal Domicile

Phone

4128814900

Tax Period

2024-01-01 to 2024-12-31

Vision Benefits of America Inc, founded in 1973, is a mid-sized nonprofit that reported $38.1M in total revenue in fiscal year 2024.

Mission

VISION BENEFITS OF AMERICA FOSTERS THE CONSERVATION OF HUMAN EYESIGHT BY MAKING AVAILABLE A HIGHLY SPECIALIZED VISION SERVICE PLAN FOR THE AID, COMFORT AND RELIEF OF HUMAN VISION PROBLEMS, AND PROVIDES A PREPAYMENT PLAN WHEREBY INDIVIDUALS OR GROUPS MAY OBTAIN VISION SERVICES AND CORRECTIVE LENSES AND FRAMES FROM LICENSED AND QUALIFIED HEALTH SERVICES DOCTORS AT SIGNIFICANTLY REDUCED PRICES. VISION BENEFITS OF AMERICA IS REGULATED BY THE PENNSYLVANIA INSURANCE DEPARTMENT. NO PORTION OF THE INCOME, AFTER EXPENSES, INURES TO THE BENEFIT OF ANY MEMBER OR INDIVIDUAL OR FOR ANY OTHER PURPOSE.

Program Service Accomplishments

Program 1

Expenses: $32,962,877 Revenue: $36,659,836

VISION BENEFITS OF AMERICA, INC. PROVIDES A PREPAYMENT PLAN WHEREBY INDIVIDUALS OR GROUPS MAY OBTAIN VISION SERVICES AND CORRECTIVE LENSES AND FRAMES FROM LICENSED AND QUALIFIED HEALTH SERVICE...

VISION BENEFITS OF AMERICA, INC. PROVIDES A PREPAYMENT PLAN WHEREBY INDIVIDUALS OR GROUPS MAY OBTAIN VISION SERVICES AND CORRECTIVE LENSES AND FRAMES FROM LICENSED AND QUALIFIED HEALTH SERVICE DOCTORS AT SIGNIFICANTLY REDUCED COSTS.

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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 $0

Program Service Revenue $36,659,836

Investment Income $1,404,846

Other Revenue $0

TOTAL REVENUE $38,064,682

Expense Breakdown

Grants Paid $80,000

Salaries & Benefits $7,530,284

Fundraising Expenses $0

Program Expenses $32,962,877

Other Expenses $29,667,275

TOTAL EXPENSES $37,277,559

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,064,682	$37,121,432	+0.0%
Expenses	$37,277,559	$38,330,096	0.0%
Net Income	$787,123	$-1,208,664	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$736,845

Total Directors

$630,041

Key Employees

$233,940

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF A HOLLOWOOD	PRESIDENT/DIRECTOR	40.0	Officer Director	$413,168	$46,797	$459,965
KRISTIN A O'CONNOR	SECRETARY/DIRECTOR	1.0	Officer Director	$17,952	$0	$17,952
AKOS NAGY	DIRECTOR	1.0	Director	$17,867	$0	$17,867
ANDREW L LEITZEL OD	FORMER CHAIR (Term Ended 03/2024)	1.0	Director	$4,490	$0	$44,090
Brock M Snyder	Director	1.0	Director	$13,409	$0	$13,409
Christine Weld OD	DIRECTOR (Term Began 03/2024)	1.0	Director	$12,487	$0	$12,487
DAVID J TINTERA	DIRECTOR	1.0	Director	$13,375	$0	$13,375
MARCUS M DEVLIN OD	CHAIR	1.0	Director	$20,750	$0	$20,750
STEPHEN R HOLLOWAY OD	Vice Chair	1.0	Director	$16,296	$0	$16,296
SUSAN M OVERTON	DIRECTOR	1.0	Director	$13,850	$0	$13,850
AARON R RISDEN	CHIEF FINANCIAL OFFICER/TREASURER	40.0	Officer	$210,926	$48,002	$258,928
JESSICA R TURCOTTE	CHIEF OPERATING OFFICER	40.0	Key Emp	$218,233	$15,707	$233,940
Carrie A Kadunce	Account Executive	40.0	Highest	$154,154	$18,406	$172,560
Chad M Cygnarowicz	Director of Business Development	40.0	Highest	$191,435	$29,238	$220,673
CHRISTOPHER J CRAMP	SENIOR ACCOUNT EXECUTIVE	40.0	Highest	$162,772	$14,780	$177,552
MATTHEW M CUOMO	VICE PRESIDENT SALES	40.0	Highest	$179,935	$11,983	$191,918
SEAN M MASON	VICE PRESIDENT SOFTWARE ENGINEERING	40.0	Highest	$176,223	$14,816	$191,039

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	$38,064,682	$37,277,559	$66,046,144	$787,123
2023	$37,121,432	$38,330,096	$62,906,923	$-1,208,664
2022	$35,797,872	$35,765,038	$60,872,878	$32,834
2021	$38,442,292	$34,890,024	$64,908,622	$3,552,268
2020	$38,455,098	$33,735,998	$62,154,641	$4,719,100
2019	$40,321,567	$38,862,278	$55,948,871	$1,459,289
2018	$40,809,989	$38,755,668	$53,195,578	$2,054,321