INDIANA OPTOMETRIC ASSOCIATION INC

EIN: 350990225

CARMEL, IN

Total Revenue
$1,853,402
Total Expenses
$1,642,517
Total Assets
$2,822,731
Net Assets
$2,815,139
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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
1898
Legal Domicile
IN
Principal Officer
TABITHA ARNETT
Phone
3172373560
Tax Period
2023-01-01 to 2023-12-31

INDIANA OPTOMETRIC ASSOCIATION INC, founded in 1898, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 11% surplus.

Mission

TO ENCOURAGE THE ADVANCEMENT OF OPTOMETRIC EDUCATION, PROMOTE RESEARCH IN THE VISUAL SCIENCES, ESTABLISH AND MAINTAIN ETHICAL STANDARDS FOR ITS MEMBERS, AND PRESERVE AND ADVANCE LEGAL STANDARDS OF QUALIFICATIONS FOR PRACTICE OF THE PROFESSION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,285,075
Program Service Revenue $537,870
Investment Income $5,266
Other Revenue $25,191
TOTAL REVENUE $1,853,402

Expense Breakdown

Grants Paid $0
Salaries & Benefits $478,677
Fundraising Expenses $0
Other Expenses $1,163,840
TOTAL EXPENSES $1,642,517

Year-over-Year Comparison

2023 2022 Change
Revenue $1,853,402 $1,694,313 +0.1%
Expenses $1,642,517 $1,407,645 +0.2%
Net Income $210,885 $286,668 -0.3%
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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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
21

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
7
$190,009
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES STICKEL PRESIDENT 1.00
Officer Director
$0 $0 $0
JEREMY S GARD TREASURER 1.00
Officer Director
$0 $0 $0
JENNIFER L KOHN SECRETARY 1.00
Officer Director
$0 $0 $0
JEFFREY D PEROTTI PRESIDENT-ELECT 1.00
Officer Director
$0 $0 $0
PIPER G GROPPEL IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
ERIC WEIGEL TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW D MITCHELL TRUSTEE 1.00
Director
$0 $0 $0
NICOLE ALBRIGHT TRUSTEE 1.00
Director
$0 $0 $0
SUSAN K KOVACICH TRUSTEE 1.00
Director
$0 $0 $0
KYLE KING TRUSTEE 1.00
Director
$0 $0 $0
SCOTT A MILLER TRUSTEE 1.00
Director
$0 $0 $0
JAMES M ZIEBA EXECUTIVE DIR. (1/1/2023-6/14/2023) 40.00
Officer
$114,185 $0 $114,185
TABITHA ARNETT EXECUTIVE DIR. (6/15/2023-12/31/2023) 40.00
Officer
$75,824 $0 $75,824
MARILYN CARTER DEPUTY EXECUTIVE DIR. 40.00
Highest
$104,889 $0 $104,889
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 $1,853,402 $1,642,517 $2,822,731 $210,885
2022 $1,694,313 $1,407,645 $2,434,080 $286,668
2021 $1,838,824 $1,348,394 $2,332,452 $490,430
2020 $1,091,345 $1,160,357 $1,685,224 $-69,012
2019 $1,407,534 $1,330,664 $1,613,376 $76,870
2018 $1,467,186 $1,267,310 $1,483,737 $199,876
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