Macular Degeneration Association

EIN: 273025707 501(c)(3) Medical Research

Sarasota, FL

Total Revenue
$3,698,303
Total Expenses
$2,434,742
Total Assets
$5,908,615
Net Assets
$5,734,412
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
FL
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.

Program Service Accomplishments

Program 1
Expenses: $685,564

The Macular Degeneration Association (MDA) created informative and necessary educational programs for those affected by macular degeneration and diabetic macular edema. These programs not only...

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The Macular Degeneration Association (MDA) created informative and necessary educational programs for those affected by macular degeneration and diabetic macular edema. These programs not only provide information for the person who has been affected by either of these eye diseases but will bring precautionary measures to their family members and helpful information for their caregivers. All programs feature experts in the field of retina, providing information about risk factors, genetic predisposition, proper diagnosis, new treatment options, research information, clinical trials and new drug advances. Participants are given a chance to interact with the doctor and ask questions. They are also able to share their challenges and successes with the other attendees.

Program 2
Expenses: $527,245

The Macular Degeneration Association produces newsletters quarterly. The information provided is for those who have age-related macular degeneration, diabetic eye disease, glaucoma and cataracts. The...

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The Macular Degeneration Association produces newsletters quarterly. The information provided is for those who have age-related macular degeneration, diabetic eye disease, glaucoma and cataracts. The newsletter provides educational information, new research, new drug therapies, clinical trials and treatments. The newsletters go out to 48,600 doctors, patients, families and caregivers. Brochures were designed and provided to doctors to help their patients navigate macular degeneration and find resources that can help. We have a very robust social media following including 17,111 followers on Facebook, 6,602 on Twitter, 4,800 on Linked In and 361 on Pinterest.

Program 3
Expenses: $209,122

Macular Degeneration Association has created a state-of-the-art website to provide an extensive number of resources and information to help those affected by macular degeneration and additional...

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Macular Degeneration Association has created a state-of-the-art website to provide an extensive number of resources and information to help those affected by macular degeneration and additional diseases that can affect macular degeneration. This website includes educational videos that are produced for patients, family members and caregivers. The website is ADA-compliant and is accessible to people with vision disabilities. There is also a feature for those who speak Spanish to convert English to Spanish. We continue to include up-to-date information on all eye diseases, new treatment options, research information, clinical trials and new drug advances. Our user-friendly website provides the user with friendly navigation, accessibility tools and information for patients, professionals, caregivers and families. This website has an average of 600,000 hits annually.

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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%)

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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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Governance

Voting Members
4
Independent Members
1
Employees
7
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
3
$463,507
Total Directors
4
$608,496
Key Employees
0
$0
Highest Compensated
1
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
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