MICHIGAN SOCIETY OF EYE PHYSICIANS… - 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

2009

Legal Domicile

Principal Officer

DUNCAN CAMPBELL

Phone

3138231000

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN SOCIETY OF EYE PHYSICIANS AND SURGEONS INC, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $434K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $382K left a modest 12% surplus.

Mission

THE ORGANIZATION EXISTS FOR THE PRESERVATION, ADVANCEMENT, CONTINUING EDUCATION AND PROMULGATION OF OPTHALMOLOGY AND APPLICATION OF VISUAL SCIENCES IN THE STATE OF MICHIGAN

Program Service Accomplishments

Program 1

THE ORGANIZATION CONTINUED ANNUALLY FOR THE PRESERVATION, ADVANCEMENT, CONTINUING EDUCATION AND PROMULGATION OF OPTHALMOLOGY AND APPLICATION OF VISUAL SCIENCES IN THE STATE OF MICHIGAN

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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 $434,287

Investment Income $28

Other Revenue $0

TOTAL REVENUE $434,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,895

Fundraising Expenses $0

Other Expenses $192,756

TOTAL EXPENSES $381,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$434,315	$270,101	+0.6%
Expenses	$381,651	$408,309	-0.1%
Net Income	$52,664	$-138,208	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA EBY MD	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH WU MD	DIRECTOR	2.00	Director	$0	$0	$0
AMY ZHANG MD	DIRECTOR	2.00	Director	$0	$0	$0
KIM LE MD	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW TRESE DO	DIRECTOR	2.00	Director	$0	$0	$0
CAMERON ANDERSON MD	DIRECTOR	2.00	Director	$0	$0	$0
ANNE NACHAZEL MD	AAO COUNCILOR	2.00	Director	$0	$0	$0
THOMAS AABERG MD	AAO COUNCILOR	2.00	Director	$0	$0	$0
MIRIAM SCHTEINGART MD	DIRECTOR	2.00	Director	$0	$0	$0
ALICE FECKO MD	PRESIDENT	2.00	Officer	$0	$0	$0
SHAHZAD MIAN MD	PRESIDENT ELECT	2.00	Officer	$0	$0	$0
SCOTT WESTHOUSE MD	SECRETARY/TREASURER	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	No data	No data	No data	No data
2024	$434,315	$381,651	$64,389	$52,664
2023	$270,101	$408,309	$22,837	$-138,208
2022	$399,061	$372,944	$151,045	$26,117
2021	$346,176	$304,489	$124,928	$41,687
2020	$211,138	$267,430	$83,241	$-56,292
2019	$331,370	$313,571	$141,149	$17,799
2018	$290,014	$402,254	$121,734	$-112,240

MICHIGAN SOCIETY OF EYE PHYSICIANS AND SURGEONS INC