INDIANA LIONS EYE BANK INC

EIN: 356055789 501(c)(3)

CARMEL, IN

Total Revenue
$6,500,591
Total Expenses
$6,118,843
Total Assets
$17,753,549
Net Assets
$17,105,294
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
IN
Principal Officer
TIMOTHY FISCHER
Phone
3178085000
Tax Period
2024-01-01 to 2024-12-31

INDIANA LIONS EYE BANK INC, founded in 1962, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2024. Expenses of $6.1M left a modest 6% surplus.

Mission

VISIONFIRST IS DEDICATED TO PROVIDING SAFE, HIGH-QUALITY TISSUE FOR TRANSPLANTATION PURPOSES. IN 2024 VISIONFIRST PROVIDED OVER 2,130 CORNEAS FOR SIGHT-RESTORING TRANSPLANTS AND HAS PROVIDED NUMEROUS TISSUES FOR RESEARCH, EDUCATION, AND TRAINING.

Program Service Accomplishments

Program 1
Expenses: $5,489,894 Revenue: $5,712,996

VISIONFIRST PROVIDED CORNEAS AND OTHER TISSUE TO HELP ENHANCE AND RENEW THE LIVES OF NUMEROUS INDIVIDUALS. DURING THIS PERIOD OVER 2,130 SIGHT-RESTORING TRANSPLANTS AND COUNTLESS TISSUE SURGERIES...

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VISIONFIRST PROVIDED CORNEAS AND OTHER TISSUE TO HELP ENHANCE AND RENEW THE LIVES OF NUMEROUS INDIVIDUALS. DURING THIS PERIOD OVER 2,130 SIGHT-RESTORING TRANSPLANTS AND COUNTLESS TISSUE SURGERIES WERE PERFORMED USING TISSUE THAT WAS SCREENED, RECOVERED, TESTED, PROCESSED, AND DISTRIBUTED BY ILEB. CORNEAS ARE DISTRIBUTED FOR LOCAL SURGERIES FIRST, THEN NATIONAL AND FINALLY TO MORE THAN 10 COUNTRIES GLOBALLY. VISIONFIRST RECOVERS RESEARCH TISSUE FOR SPECIFIC STUDIES (GLAUCOMA, MACULAR DEGENERATION, CELL GROWTH, ETC.) ALONG WITH MAKING AVAILABLE TISSUES FOR RESEARCH WHICH ARE NOT SUITABLE FOR TRANSPLANTATION. PUBLIC AND COMMUNITY EDUCATION IS PERFORMED TO PROMOTE TISSUE DONATION AND INFORM THE PUBLIC ABOUT TRANSPLANTATION. OTHER SERVICES INCLUDE TRAINING OF HOSPITAL STAFF AND BEREAVEMENT SUPPORT FOR FAMILIES.

Program 2
Expenses: $34,411 Revenue: $3,650

THE OPERATION KIDSIGHT PROGRAM IS AN OPERATING UNIT OF VISIONFIRST. IT IS A STATEWIDE VISION-SCREENING PROGRAM THAT WORKS TO IDENTIFY TREATABLE OR PREVENTABLE CAUSES OF BLINDNESS IN PRESCHOOL AGED...

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THE OPERATION KIDSIGHT PROGRAM IS AN OPERATING UNIT OF VISIONFIRST. IT IS A STATEWIDE VISION-SCREENING PROGRAM THAT WORKS TO IDENTIFY TREATABLE OR PREVENTABLE CAUSES OF BLINDNESS IN PRESCHOOL AGED CHILDREN (AGES 1-5). APPROXIMATELY 14,000 CHILDREN WERE SCREENED IN 2024.

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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 (2024)

Revenue Breakdown

Contributions & Grants $54,406
Program Service Revenue $5,716,646
Investment Income $729,539
Other Revenue $0
TOTAL REVENUE $6,500,591

Expense Breakdown

Grants Paid $37,894
Salaries & Benefits $2,820,812
Fundraising Expenses $60,290
Program Expenses $5,524,305
Other Expenses $3,260,137
TOTAL EXPENSES $6,118,843

Year-over-Year Comparison

2024 2023 Change
Revenue $6,500,591 $6,505,351 0.0%
Expenses $6,118,843 $5,834,072 +0.0%
Net Income $381,748 $671,279 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
21
Employees
35
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
8
$677,700
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH THOMAS CHAIRMAN 3.00
Officer Director
$0 $0 $0
KEVIN ROE PAST CHAIRMAN 1.00
Officer Director
$0 $0 $0
SALLY DAVIS TREASURER 1.00
Officer Director
$0 $0 $0
CHRISTINE WOODWARD SECRETARY 1.00
Officer Director
$0 $0 $0
VICKI MORRIS VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
NICK XINOPOULOS TRUSTEE 1.00
Director
$0 $0 $0
MIKE CRULL TRUSTEE 1.00
Director
$0 $0 $0
TOM POLK TRUSTEE 1.00
Director
$0 $0 $0
ROSS DRAPALIK TRUSTEE 1.00
Director
$0 $0 $0
DUANE GRINER TRUSTEE 1.00
Director
$0 $0 $0
DR DAVE HYNDMAN TRUSTEE 1.00
Director
$0 $0 $0
GAYE CASH TRUSTEE 1.00
Director
$0 $0 $0
JOANN KARAFFA-OWENS TRUSTEE 1.00
Director
$0 $0 $0
JOHN SCOTT TRUSTEE 1.00
Director
$0 $0 $0
REED FISH TRUSTEE 1.00
Director
$0 $0 $0
RON GUTH TRUSTEE 1.00
Director
$0 $0 $0
KATHY COOPER TRUSTEE 1.00
Director
$0 $0 $0
JAMES BUSH TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN GROSS TRUSTEE 1.00
Director
$0 $0 $0
DENNIS TACKITT TRUSTEE 1.00
Director
$0 $0 $0
CHRISTY NOLAN TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY FISCHER CEO 40.00
Officer
$284,040 $47,149 $331,189
GREGORY RUBEO ACCOUNTING MANAGER 40.00
Officer
$88,744 $24,951 $113,695
LISA BROOKS COO 40.00
Officer
$192,367 $40,449 $232,816
CHRISTOPER SICA DIRECTOR OF CLINICAL SERVICES 40.00
Highest
$117,342 $35,163 $152,505
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 $6,500,591 $6,118,843 $17,753,549 $381,748
2023 $6,505,351 $5,834,072 $16,987,550 $671,279
2022 $5,893,432 $5,577,536 $16,667,128 $315,896
2021 $6,646,664 $5,658,057 $18,448,498 $988,607
2020 $5,306,066 $5,551,847 $17,963,006 $-245,781
2019 $6,932,037 $6,048,213 $17,421,097 $883,824
2018 $6,778,810 $5,769,346 $15,850,618 $1,009,464
2017 $6,713,233 $5,728,644 $13,353,187 $984,589
2016 $6,200,967 $5,241,690 $11,690,716 $959,277
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