AMERICAN ACADEMY OF ORTHOKERATOLOGY

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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

2002

Legal Domicile

Principal Officer

PATRICK SIMARD

Phone

8774605880

Tax Period

2025-01-01 to 2025-12-31

AMERICAN ACADEMY OF ORTHOKERATOLOGY, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $678K in total revenue in fiscal year 2025.

Mission

TO PROVIDE CONTINUING EDUCATION FOR OPTOMETRISTS.

Program Service Accomplishments

Program 1

A CONFERENCE TO COMBINE OUTSTANDING SCIENTIFIC PROGRAMS WITH SOCIAL PROGRAMS FOR MEMBERS. THE ORGANIZATION ALSO HAS A WEBSITE THAT OFFERS RESOURCES FOR BOTH PRACTIONERS AND PATIENTS REGARDING THE...

A CONFERENCE TO COMBINE OUTSTANDING SCIENTIFIC PROGRAMS WITH SOCIAL PROGRAMS FOR MEMBERS. THE ORGANIZATION ALSO HAS A WEBSITE THAT OFFERS RESOURCES FOR BOTH PRACTIONERS AND PATIENTS REGARDING THE SCIENCE AND EDUCATION OF ORTHOKERATOLOGY AND MYOPIA CONTROL.

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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 (2025)

Revenue Breakdown

Contributions & Grants $329,112

Program Service Revenue $347,849

Investment Income $739

Other Revenue $0

TOTAL REVENUE $677,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $740,965

TOTAL EXPENSES $740,965

Year-over-Year Comparison

	2025	2024	Change
Revenue	$677,700	$672,196	+0.0%
Expenses	$740,965	$579,280	+0.3%
Net Income	$-63,265	$92,916	-1.7%

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

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
JONATHAN SKONER	PRESIDENT	5.00	Officer Director	$0	$0	$0
NICHOLAS DESPOTIDIS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DWIGHT BARNES	SECRETARY	2.00	Officer Director	$0	$0	$0
PATRICK SIMARD	TREASURER	2.00	Officer Director	$0	$0	$0
MICHELLE KIM	DIRECTOR	1.00	Director	$0	$0	$0
LANGIS MICHAUD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID NG	DIRECTOR	1.00	Director	$0	$0	$0
SOMI OH	DIRECTOR	1.00	Director	$0	$0	$0
ANITH PILLAI	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE TSANG	DIRECTOR	1.00	Director	$0	$0	$0
LAURENCE WONG	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN SCHOENFELDER	EXECUTIVE DIRECTOR	1.00	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
2025	$677,700	$740,965	$77,898	$-63,265
2024	$672,196	$579,280	$120,052	$92,916
2023	$699,154	$308,634	$412,924	$390,520
2023	$51,721	$437,509	$73,304	$-385,788
2022	$488,948	$626,374	$22,404	$-137,426
2021	$266,568	$242,917	$160,670	$23,651
2020	$308,355	$246,295	$141,264	$62,060
2019	$682,232	$711,130	$79,105	$-28,898
2018	$648,153	$751,406	$118,705	$-103,253