INDIANA LIONS EYE BANK INC (EIN 356055789) - 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

1962

Legal Domicile

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

IMPROVING QUALITY OF LIFE THROUGH EYE TRANSPLANTATION, MEDICAL RESEARCH, AND EDUCATION.

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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 $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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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

$677,700

Total Directors

Key Employees

Highest Compensated

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

INDIANA LIONS EYE BANK INC