Vision Source Foundation (EIN 261307693) - 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

2007

Legal Domicile

Phone

2813121111

Tax Period

2023-01-01 to 2023-12-31

Vision Source Foundation, founded in 2007, is a small nonprofit in the Human Services sector that reported $191K in total revenue in fiscal year 2023. The organization ran a surplus of $30K, a strong 16% operating margin.

Mission

HELP OPTOMETRISTS AND THEIR FAMILY MEMBERS WHO HAVE BEEN IMPACTED BY CATASTROPHIC EVENTS OR FROM HEALTH RELATED EVENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $163,173

Program Service Revenue $0

Investment Income $0

Other Revenue $27,836

TOTAL REVENUE $191,009

Expense Breakdown

Grants Paid $151,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $151,500

Other Expenses $9,511

TOTAL EXPENSES $161,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,009	$183,760	+0.0%
Expenses	$161,011	$198,494	-0.2%
Net Income	$29,998	$-14,734	-3.0%

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

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
N/A	SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	CFO	1.0	Officer Director	$0	$0	$0
N/A	PRESIDENT	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	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	No data	No data	No data	No data
2023	$191,009	$161,011	$539,563	$29,998
2022	$183,760	$198,494	$509,565	$-14,734
2021	$307,624	$222,095	$505,599	$85,529
2020	$131,654	$316,507	$420,070	$-184,853
2019	$221,521	$164,993	$600,737	$56,528
2019	$221,521	$164,993	$600,737	$56,528

Vision Source Foundation