INDIANA UNIVERSITY EYE CARE INC

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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

1987

Legal Domicile

Principal Officer

DR LOUIS B CANTOR

Phone

3172787294

Tax Period

2017-07-01 to 2018-06-11

INDIANA UNIVERSITY EYE CARE INC, founded in 1987, is a micro nonprofit that reported $51K in total revenue in fiscal year 2017. Revenue fell 91% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 59% operating margin.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $7,058 Revenue: $41,788

INDIANA UNIVERSITY EYE CARE, INC. FACILITATES MEDICAL RESEARCH, PROVIDES MEDICAL EDUCATION, AND RESEARCH IN CONJUNCTION IS THE AUXILIARY TO THE DEPARTMENT OF OPTHALMOLOGY OF THE INDIANA UNIVERSITY...

INDIANA UNIVERSITY EYE CARE, INC. FACILITATES MEDICAL RESEARCH, PROVIDES MEDICAL EDUCATION, AND RESEARCH IN CONJUNCTION IS THE AUXILIARY TO THE DEPARTMENT OF OPTHALMOLOGY OF THE INDIANA UNIVERSITY SCHOOL OF MEDICINE AND ITS HOSPITALS. THE ORGANIZATION PROVIDES AND MAKES AVAILABLE TO STUDENTS OF THE SCHOOL, INTERNS, AND RESIDENTS IN THE HOSPITALS ACCESS TO A BROAD SPECTRUM OF PATIENTS, IN RECOGNITION THAT A SPECTRUM OF PATIENTS IS ESSENTIAL TO PERFORMANCE OF THE EDUCATIONAL FUNCTIONS OF THE SCHOOL. ADDITIONALLY, THE ORGANIZATION FINANCES THE SUPPLEMENTAL ACQUISITIONS OF FACILITIES AND EQUIPMENT IN ADDITION TO WHAT IS ALREADY AVAILABLE TO THE SCHOOL AND ITS HOSPITALS.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $41,788

Investment Income $0

Other Revenue $8,906

TOTAL REVENUE $50,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,058

Other Expenses $15,874

TOTAL EXPENSES $20,542

Year-over-Year Comparison

	2017	2016	Change
Revenue	$50,694	$565,186	-0.9%
Expenses	$20,542	$230,180	-0.9%
Net Income	$30,152	$335,006	-0.9%

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

N/A

Employees

N/A

Volunteers

N/A

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

$509,815

Total Directors

$238,093

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRELL WUDUNN MD PHD	SECRETARY	2.00	Officer Director	$0	$16,022	$56,022
CHI WAH YUNG MD	TREASURER	2.00	Officer Director	$0	$52,071	$182,071
LOUIS CANTOR MD	PRESIDENT	2.00	Officer	$0	$76,889	$271,722

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
2018	$50,694	$20,542	No data	$30,152