VIRGINIA COLLEGE OF OPTOMETRY

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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

Principal Officer

LUCIUS ELLSWORTH

Phone

2769351779

Tax Period

2019-07-01 to 2020-06-30

VIRGINIA COLLEGE OF OPTOMETRY is a micro nonprofit that reported $3 in total revenue in fiscal year 2019. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 82504733% operating deficit.

Mission

TO PROMOTE, MAINTAIN AND SERVE WITH RESPECT TO THE OPTOMETRIC NEEDS OF THE PUBLIC, SPECIFICALLY THE APPALACHIAN REGION BY EDUCATING OPTOMETRISTS TO SERVE SAID NEEDS WITH PROFICIENCY, INTEGRITY AND PROFESSIONALISM.

Program Service Accomplishments

Program 1

Expenses: $2,470,469

TO PROMOTE, MAINTAIN AND SERVE WITH RESPECT TO THE OPTOMETRIC NEEDS OF THE PUBLIC, SPECIFICALLY THE APPALACHIAN REGION BY EDUCATING OPTOMETRISTS TO SERVE SAID NEEDS WITH PROFICIENCY, INTEGRITY AND...

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $3

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,470,469

Other Expenses $2,475,145

TOTAL EXPENSES $2,475,145

Year-over-Year Comparison

	2019	2018	Change
Revenue	$3	$128	-1.0%
Expenses	$2,475,145	$37,211	+65.5%
Net Income	$-2,475,142	$-37,083	+65.7%

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

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
DR DONNA ADKINS	TRUSTEE	N/A	Officer	$0	$0	$0
ROBERT C HORN	CHAIR	N/A	Officer	$0	$0	$0
DR MELISSA KEENE	SECRETARY	N/A	Officer	$0	$0	$0
PATRICK OWENS	TREASURER	N/A	Officer	$0	$0	$0
SCOTT PITTMAN	TRUSTEE	N/A	Officer	$0	$0	$0
DR VICTORIA MOLNAR WEISS	TRUSTEE	N/A	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
2020	$3	$2,475,145	No data	$-2,475,142
2019	$128	$37,211	$3,869,485	$-37,083
2018	$788	$367,111	$3,906,568	$-366,323