THE CLEVELAND EYE BANK FOUNDATION

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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

1958

Legal Domicile

Principal Officer

Debbie May-Johnson

Phone

2162323937

Tax Period

2024-07-01 to 2025-06-30

THE CLEVELAND EYE BANK FOUNDATION, founded in 1958, is a micro nonprofit that reported $70K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $321K exceeded revenue, resulting in a 359% operating deficit.

Mission

Cleveland Eye Bank Foundation raises funds for research to preserve and restore sight, and supports and delivers community and professional education. Cleveland Eye Bank Foundation will be recognized for being at the forefront in funding vision research and supporting professional and community education in Northeast Ohio, leading to impactful results that enhance the quality of life in our community.

Program Service Accomplishments

Program 1

Expenses: $291,956 Revenue: $0

The Cleveland Eye Bank Foundation supported Cleveland Clinic Cole Eye Institute and University Hospitals with $70,000 grants each, and $10,000 to Akron Children's Hopsital to fund research for cures to eye disease and continuing education to the public regarding eye disease and cure research. Paid $7,500 to CWRU School of Medicine representing the 5th out of our 5 year commitment. Additionly, $500 was granted to five medical student from the Susan V. Janssen Scholarship Fund.

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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 $52,475

Program Service Revenue $0

Investment Income $7

Other Revenue $17,417

TOTAL REVENUE $69,899

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $142,767

Fundraising Expenses $13,668

Program Expenses $291,956

Other Expenses $27,986

TOTAL EXPENSES $320,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,899	$99,040	-0.3%
Expenses	$320,753	$338,034	-0.1%
Net Income	$-250,854	$-238,994	+0.0%

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

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

$130,311

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debbie May Johnson	Executive Director	40	Key Emp	$122,000	$8,311	$130,311
Allen Roth MD	Director	2	Director	$0	$0	$0
Ted Ward	Vice President	2	Officer Director	$0	$0	$0
Colleen Flynn Goss	Director	2	Director	$0	$0	$0
Barry Effron MD	Treasurer	2	Officer Director	$0	$0	$0
Heather Fox	Director	2	Director	$0	$0	$0
Jonathan Lass MD	Director	2	Director	$0	$0	$0
James Sacher	Board President	2	Officer Director	$0	$0	$0
William Yeakley MD	Director	2	Director	$0	$0	$0
Matt Ziaja	Director	2	Director	$0	$0	$0
Antoinette Morrison	Secretary	2	Officer Director	$0	$0	$0
Lowell Perry Jr	Director	2	Director	$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	$69,899	$320,753	$5,012,811	$-250,854
2024	$99,040	$338,034	$5,007,644	$-238,994
2023	$106,251	$400,128	$4,634,933	$-293,877
2022	$88,287	$478,691	$4,566,032	$-390,404
2021	$76,743	$432,069	$5,675,220	$-355,326