ASSN OF LENS CRAFTERS LH DRS INC

EIN: 311223570 Community Improvement

RALEIGH, NC

Total Revenue
$2,005,300
Total Expenses
$1,300,289
Total Assets
$2,944,725
Net Assets
$2,944,725
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Principal Officer
DR WILLIAM FOX
Phone
9197637522
Tax Period
2022-12-01 to 2023-11-30

ASSN OF LENS CRAFTERS LH DRS INC, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2022. The organization ran a surplus of $705K, a strong 35% operating margin.

Mission

THE ASSOCIATION OF LEASE-HOLDING LENSCRAFTERS DOCTORS IS A NON-PROFIT TRADE ASSOCIATION FORMED FOR THE PURPOSE OF NETWORKING AND EDUCATING DOCTORS PROVIDING EYE HEALTHCARE NEXT TO LENSCRAFTERS, THE WORLDS LARGEST OPTICAL PROVIDER, AND COMMUNICATING AND FOSTERING UNDERSTANDING IN AN ORGANIZED WAY TO THE LEASEHOLDER LENSCRAFTERS. THE ACTIVITIES OF THE ORGANIZATION INCLUDE AN ANNUAL MEETING FOR THE MEMBERS WHICH IS A FIVE DAY EVENT WHICH OFFERS EDUCATION, CONTINUING EDUCATION FOR STATE REQUIREMENT LICENSURE, NETWORKING, AND EXCHANGE OF IDEAS WITH THE VENDOR SUPPLIERS, ALONG WITH A HIGHER LEVEL MORE CONCERTED COMMUNICATION AND IDEAS EXCHANGE WITH THE LEASEHOLDER LENSCRAFTERS. IN ADDITION, THE ORGANIZATION HAS ADDED TO IT'S MISSION ITS SUPPORT OF ONE SIGHT, A NON-PROFIT CHARITABLE ORGANIZATION THAT BRINGS FREE EYE CARE AND EYEWEAR TO THE DISADVANTAGED AND THE NEEDY IN THE US AND ABROAD. THE ORGANIZATION'S MISSION IS TO PROVIDE THE EDUCATION, PROFESSIONAL RESOURCES, AND COMMUNICATION WHICH WILL HELP ITS MEMBERS TO PROVIDE THE HIGHEST LEVEL OF EYE HEALTH CARE FOR THE LOWEST COST IN THE MOST PLEASANT AND CONVENIENT ENVIORNMENT TO THE DOCTORS' PATIENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,985,278
Program Service Revenue $0
Investment Income $20,022
Other Revenue $0
TOTAL REVENUE $2,005,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $270,694
Fundraising Expenses $0
Program Expenses $1,300,289
Other Expenses $1,029,595
TOTAL EXPENSES $1,300,289

Year-over-Year Comparison

2022 2021 Change
Revenue $2,005,300 $1,949,700 +0.0%
Expenses $1,300,289 $1,099,606 +0.2%
Net Income $705,011 $850,094 -0.2%
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
7
Independent Members
7
Employees
4
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
4
$142,410
Total Directors
7
$20,950
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TARA A OGRADY MANAGING DIR 40.00
Officer
$134,260 $0 $134,260
DR WILLIAM FOX TREASURER 3.00
Officer Director
$3,650 $0 $3,650
DR KYLE SEXTON DIRECTOR 2.00
Director
$3,650 $0 $3,650
DR TORREY CARLSON DIRECTOR 2.00
Director
$3,150 $0 $3,150
DR KERRY GELB PRESIDENT 3.00
Officer Director
$3,000 $0 $3,000
DR JACK MCINTYRE DIRECTOR 2.00
Director
$3,000 $0 $3,000
DR GRETCHEN BREWER SCHNEIDER DIRECTOR 2.00
Director
$3,000 $0 $3,000
DR RICHARD HULTS DIRECTOR/PLA 3.00
Officer Director
$1,500 $0 $1,500
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
2024 No data No data No data No data
2023 $2,005,300 $1,300,289 $2,944,725 $705,011
2022 $1,949,700 $1,099,606 $2,258,676 $850,094
2021 $2,041,002 $1,695,553 $1,408,582 $345,449
2020 $1,400,167 $1,316,791 $1,063,133 $83,376
2019 $2,042,210 $1,948,545 $979,757 $93,665
2018 $2,674,619 $2,807,709 $886,092 $-133,090
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