VISUAL COMPASSION INC (EIN 262174933) - 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

2008

Legal Domicile

Principal Officer

Joseph Dollak

Phone

2814577477

Tax Period

2024-01-01 to 2024-12-31

VISUAL COMPASSION INC, founded in 2008, is a small nonprofit in the Diseases & Disorders sector that reported $283K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $327K exceeded revenue, resulting in a 15% operating deficit.

Mission

Visual Compassion provides free and/or low cost vision care services and products to underserved communities. As part of these services a job training and therapy program for individuals completing rehabilitation in addiction and substance abuse has been offered at times. At other times the job training has been for single mothers often with a history of addiction and/or substance abuse.

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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 $112,193

Program Service Revenue $93,748

Investment Income $0

Other Revenue $77,483

TOTAL REVENUE $283,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,905

Fundraising Expenses $0

Program Expenses $267,024

Other Expenses $138,028

TOTAL EXPENSES $326,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$283,424	$347,434	-0.2%
Expenses	$326,933	$349,002	-0.1%
Net Income	$-43,509	$-1,568	+26.7%

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

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

$135,000

Total Directors

$135,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Dollak OD	CEO	60	Officer Director	$135,000	$0	$135,000
Marshall Coleman	Chairman	0	Officer Director	$0	$0	$0
Mary Buchner	Secretary	0	Officer Director	$0	$0	$0
Dale Toney	Treasurer	0	Officer Director	$0	$0	$0
Karl Collins	Director	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	$283,424	$326,933	$241,468	$-43,509
2023	$347,434	$349,002	$284,977	$-1,568
2022	$355,424	$368,037	$286,545	$-12,613
2021	$388,675	$395,870	$299,158	$-7,195
2020	$392,509	$371,814	$306,353	$20,695

VISUAL COMPASSION INC