AMERICAN ACADEMY OF ORTHOKERATOLOGY (EIN 320034528) - Form 990 Financial Analysis & Trantor Score

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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

JONATHAN SKONER

Phone

8774605880

Tax Period

2024-01-01 to 2024-12-31

AMERICAN ACADEMY OF ORTHOKERATOLOGY, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $648K in total revenue in fiscal year 2017. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $751K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE CONTINUING EDUCATION FOR OPTOMETRISTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $370,524

Program Service Revenue $301,672

Investment Income $0

Other Revenue $0

TOTAL REVENUE $672,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $579,280

TOTAL EXPENSES $579,280

Year-over-Year Comparison

	2024	2023	Change
Revenue	$672,196	$51,721	+12.0%
Expenses	$579,280	$437,509	+0.3%
Net Income	$92,916	$-385,788	-1.2%

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
CHERYL CHAPMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JONATHAN SKONER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARIE HOMA-PALLADINO	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROLINE KAUFMAN	TREASURER	1.00	Officer Director	$0	$0	$0
DWIGHT BARNES	DIRECTOR	1.00	Director	$0	$0	$0
LANGIS MICHAUD	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
PATRICK SIMARD	DIRECTOR	1.00	Director	$0	$0	$0
LAURENCE WONG	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TWA	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
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

AMERICAN ACADEMY OF ORTHOKERATOLOGY