CENTRAL OHIO LIONS EYE BANK

EIN: 310849855 501(c)(3) Diseases & Disorders

COLUMBUS, OH

Total Revenue
$2,564,434
Total Expenses
$2,396,113
Total Assets
$2,611,091
Net Assets
$2,434,039
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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
1973
Legal Domicile
OH
Principal Officer
JASON BROSIOUS
Phone
6145452057
Tax Period
2024-07-01 to 2025-06-30

CENTRAL OHIO LIONS EYE BANK, founded in 1973, is a community nonprofit in the Diseases & Disorders sector that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 7% surplus.

Mission

TO RESTORE, IMPROVE, AND PRESERVE VISION BY CONNECTING EYE DONORS WITH TRANSPLANT PATIENTS; EDUCATING PHYSICIANS; AND ENHANCING EYE RESEARCH THROUGH QUALITY EYE BANKING SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $48,514
Program Service Revenue $2,433,689
Investment Income $24,420
Other Revenue $57,811
TOTAL REVENUE $2,564,434

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,058,204
Fundraising Expenses $56,816
Program Expenses $1,959,065
Other Expenses $1,337,909
TOTAL EXPENSES $2,396,113

Year-over-Year Comparison

2024 2023 Change
Revenue $2,564,434 $2,193,044 +0.2%
Expenses $2,396,113 $2,307,516 +0.0%
Net Income $168,321 $-114,472 -2.5%
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

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Governance

Voting Members
10
Independent Members
10
Employees
12
Volunteers
10

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
4
$148,568
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EARL PAAZIG TRUSTEE 1.00
Director
$0 $0 $0
JACKIE MILLER TRUSTEE 1.00
Director
$0 $0 $0
JIM DAVIS TRUSTEE 1.00
Director
$0 $0 $0
JOHN HIBBS TRUSTEE 1.00
Director
$0 $0 $0
JOHN STECHSCHULTE MD TRUSTEE 1.00
Director
$0 $0 $0
RICHARD LEMBACH MD TRUSTEE 1.00
Director
$0 $0 $0
ROBERT RUPP TRUSTEE 1.00
Director
$0 $0 $0
DR CARRIE LEMBACH MEDICAL DIRECTOR/CHAIR 4.00
Officer Director
$0 $0 $0
DAN DEAN SECRETARY 1.00
Officer Director
$0 $0 $0
BRIAN TURNER TREASURER 1.00
Officer Director
$0 $0 $0
JASON BROSIOUS EXECUTIVE DIRECTOR 40.00
Officer
$137,500 $11,068 $148,568
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 $2,564,434 $2,396,113 $2,611,091 $168,321
2024 No data No data No data No data
2023 $2,239,515 $2,048,096 $2,486,601 $191,419
2022 $2,045,421 $1,930,569 $2,324,586 $114,852
2021 $2,054,180 $1,804,482 $2,261,506 $249,698
2020 $1,703,789 $1,745,765 $1,793,402 $-41,976
2019 $1,832,987 $1,774,785 $1,862,587 $58,202
2018 $1,760,471 $1,792,116 $1,817,068 $-31,645
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