Macular Degeneration Association (EIN 273025707) - 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

2010

Legal Domicile

Principal Officer

Lawrence Hoffheimer

Tax Period

2023-01-01 to 2023-12-31

Macular Degeneration Association, founded in 2010, is a community nonprofit in the Medical Research sector that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 34% operating margin.

Mission

The mission of the Macular Degeneration Association (MDA)is to find a cure for macular degeneration. We disseminate research findings that have the potential to produce new treatments and present educational programs to help those affected by this disease.

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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 $3,224,423

Program Service Revenue $0

Investment Income $473,880

Other Revenue $0

TOTAL REVENUE $3,698,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $668,303

Fundraising Expenses $626,444

Program Expenses $1,421,931

Other Expenses $1,736,439

TOTAL EXPENSES $2,434,742

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,698,303	$2,894,097	+0.3%
Expenses	$2,434,742	$2,168,162	+0.1%
Net Income	$1,263,561	$725,935	+0.7%

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

$463,507

Total Directors

$608,496

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lawrence Hoffheimer	Chairman of the Board	25.00	Officer Director	$178,890	$5,727	$296,007
Linda Patterson	Treasurer	20.00	Officer Director	$102,500	$0	$167,500
Donna Auger	Director	40.00	Director	$144,000	$989	$144,989
Dustin Tenney	Employee	25.00	Highest	$81,146	$21,001	$139,045
Amy Carroll	Secretary	2.00	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,698,303	$2,434,742	$5,908,615	$1,263,561
2022	$2,894,097	$2,168,162	$4,842,918	$725,935
2021	$2,582,069	$1,775,123	$4,711,688	$806,946
2020	$2,051,864	$1,566,842	$3,421,374	$485,022
2019	$3,341,015	$1,443,775	$2,553,410	$1,897,240
2018	$1,466,966	$1,074,587	$786,750	$392,379

Macular Degeneration Association