CORNEA RESEARCH FOUNDATION OF AMERICA INC

EIN: 311243592 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$607,196
Total Expenses
$631,883
Total Assets
$2,316,683
Net Assets
$2,267,367
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
IN
Principal Officer
FRANCIS W PRICE JR MD
Phone
3178142993
Tax Period
2024-07-01 to 2025-06-30

CORNEA RESEARCH FOUNDATION OF AMERICA INC, founded in 1988, is a small nonprofit that reported $607K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $2.3M represent 45 months of operating reserves.

Mission

CORNEA RESEARCH FOUNDATION OF AMERICA, INC. ENGAGES IN MEDICAL RESEARCH AND EDUCATIONAL PROGRAMS RELATED TO VISION.

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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 $230,829
Program Service Revenue $251,869
Investment Income $132,546
Other Revenue $-8,048
TOTAL REVENUE $607,196

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $417,678
Fundraising Expenses $29,791
Program Expenses $543,895
Other Expenses $189,205
TOTAL EXPENSES $631,883

Year-over-Year Comparison

2024 2023 Change
Revenue $607,196 $541,104 +0.1%
Expenses $631,883 $603,071 +0.0%
Net Income $-24,687 $-61,967 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
6
Volunteers
15

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
5
$111,384
Total Directors
13
$1,520
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCIS W PRICE JR MD PRESIDENT 4.00
Officer Director
$0 $0 $0
PHIL GIBSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JEFF POTRZEBOWSKI TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD KING II SECRETARY 1.00
Officer Director
$0 $0 $0
SANDY GOODING DIRECTOR 1.00
Director
$0 $0 $0
JOHN TORR DIRECTOR 1.00
Director
$0 $0 $0
ANJULIE GANG MD DIRECTOR (THRU 06/25) 1.00
Director
$0 $0 $0
MATTHEW FENG MD DIRECTOR 1.00
Director
$0 $0 $0
DAVID PRICE DIRECTOR (FROM 06/25) 1.00
Director
$1,520 $0 $1,520
LARRY KAELIN DIRECTOR 1.00
Director
$0 $0 $0
KYLE WENGER DIRECTOR 1.00
Director
$0 $0 $0
BILL DREW DIRECTOR 1.00
Director
$0 $0 $0
DOLORES HOLLAND OD DIRECTOR 1.00
Director
$0 $0 $0
MARIANNE PRICE EXECUTIVE DIRECTOR 45.00
Officer
$107,100 $4,284 $111,384
JESSICA DINGLEDY DEVELOPMENT DIRECTOR 45.00
Highest
$103,949 $4,158 $108,107
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 $607,196 $631,883 $2,316,683 $-24,687
2024 $541,104 $603,071 $2,229,349 $-61,967
2023 $466,113 $552,400 $2,145,222 $-86,287
2022 $1,137,490 $436,581 $2,067,010 $700,909
2021 $406,813 $383,018 $1,497,244 $23,795
2020 $440,327 $390,367 $1,503,347 $49,960
2019 $659,460 $392,754 $1,421,844 $266,706
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