Chicago, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Illinois College of Optometry, founded in 1955, is a mid-sized nonprofit in the Education sector that reported $37.1M in total revenue in fiscal year 2023.
The Illinois College of Optometry (ICO) is an innovator in optometric education, patient care, and the profession of optometry. Through a 4-year doctoral program, ICO develops highly qualified clinical optometrists through excellence in optometric education. The ICO campus has a full-service eye clinic, Illinois Eye Institute (IEI), on-site. IEI, provides compassionate, affordable eye and vision care to vulnerable populations in Chicago. CPS students were seen at the Lewenson Center since CPS closed the Princeton Clinic. ICO conducts research into optometry and related sciences; the College funds or otherwise carries out projects considered beneficial to its profession or community.
GENERAL EDUCATIONAL SERVICES AT THE ILLINOIS COLLEGE OF OPTOMETRY (ICO): Classroom instruction for Doctor of Optometry Degree; Continuing Education and Faculty Research serving approximately 485...
GENERAL EDUCATIONAL SERVICES AT THE ILLINOIS COLLEGE OF OPTOMETRY (ICO): Classroom instruction for Doctor of Optometry Degree; Continuing Education and Faculty Research serving approximately 485 students per year. ICO's 4-year program is focused entirely on optometry. Our students receive robust clinical experience, including hands-on patient care in the IEI beginning in their very first year. Understanding that being a doctor extends beyond eye care, ICO offers courses in financial literacy, practice management, and other real-world aspects of optometry. Our top-notch resources expose students to tomorrow's technologies and modes of practice.
CLINIC: The Illinois Eye Institute (IEI) acts as a safety net provider of eye and vision services for the Chicago area, serving diverse patients with complex needs. The clinic received approximately...
CLINIC: The Illinois Eye Institute (IEI) acts as a safety net provider of eye and vision services for the Chicago area, serving diverse patients with complex needs. The clinic received approximately 85,000 patient visits in the previous year (48,000 to providers, 37,000 to optical). The site is a vital community resource for Medicaid and Medicare carriers, as well as underinsured and uninsured patients. Specialty areas of the clinic include (but are not limited to) Pediatrics, Development Disability Clinics, Binocular Vision Service, Urgent Care, Cornea and Contact Lenses, Glaucoma Care, Retina and Vitreous Care, and Low Vision Care. The IEI acts as a teaching clinic that aides in the education of students as they pursue Doctor of Optometry degrees.
DORMITORY: The Residential Complex provides affordable and safe on-campus living quarters for optometry students, prospective students, visitors, and their families. The RC hosts events to promote...
DORMITORY: The Residential Complex provides affordable and safe on-campus living quarters for optometry students, prospective students, visitors, and their families. The RC hosts events to promote camaraderie and healthy student life. In addition, exam lanes are available in the RC for the exclusive use of its residents.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $37,146,736 | $38,494,231 | 0.0% |
| Expenses | $38,523,194 | $36,782,950 | +0.0% |
| Net Income | $-1,376,458 | $1,711,281 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Dwain Hahs | Board of Trustees-Treasurer (End 10/2023) | N/A |
Officer
Director
|
$0 | $0 | $0 |
| Dwight Ackerman OD MBA FAAO | Chairman of the Board (End 10/2023) | N/A |
Officer
Director
|
$0 | $0 | $0 |
| Kevin Danahey OD | Vice Chairman of the Board | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Nana Owusu OD | Board of Trustees- Secretary | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Scott Jens OD FAAO | Chairman of the Board | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Steven Schneider CPA | Board of Trustees-Treasurer | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Casey Hogan OD FAAO FSLS | Board of Trustees (End 10/2023) | N/A |
Director
|
$0 | $0 | $0 |
| James Wachter OD | Board of Trustees | 1.0 |
Director
|
$0 | $0 | $0 |
| Jeffrey Johnson OD MBA CFA | Board of Trustees | 1.0 |
Director
|
$0 | $0 | $0 |
| Joseph Derezinski | Board of Trustees | 1.0 |
Director
|
$0 | $0 | $0 |
| Karen Eng OD | Board of Trustees (End 10/2023) | N/A |
Director
|
$0 | $0 | $0 |
| Michael LoPiano MBA | Board of Trustees | 1.0 |
Director
|
$0 | $0 | $0 |
| Mohammed Eid OD | Board of Trustees | 1.0 |
Director
|
$0 | $0 | $0 |
| Nicole Wheatly | Board of Trustees | 1.0 |
Director
|
$0 | $0 | $0 |
| Osvaldo Lopez MD | Board of Trustees | 1.0 |
Director
|
$3,572 | $0 | $3,572 |
| Philip Hasler OD | Board of Trustees | 1.0 |
Director
|
$0 | $0 | $0 |
| Roberto Lucca OD | Board of Trustees | 1.0 |
Director
|
$0 | $0 | $0 |
| Sandra Bury OD | Board of Trustees | 1.0 |
Director
|
$0 | $0 | $0 |
| Shawn Mallady OD | Board of Trustees | 1.0 |
Director
|
$0 | $0 | $0 |
| Steven Lee OD | Board of Trustees | 1.0 |
Director
|
$0 | $0 | $0 |
| Thomas Duchardt FAAO | Board of Trustees | 1.0 |
Director
|
$0 | $0 | $0 |
| Timothy Tsang OD FAAO | Board of Trustees | 1.0 |
Director
|
$0 | $0 | $0 |
| Tracy Matchinski OD FAAO | Professor of Optometry / Board of Trustees | 35.0 |
Director
|
$147,382 | $38,458 | $185,840 |
| Vasvi Babu OD | Board of Trustees (End 10/2023) | N/A |
Director
|
$0 | $0 | $0 |
| Christa Ojeda CPA | VP of Business and Finance/CFO | 35.0 |
Officer
|
$250,382 | $43,226 | $293,608 |
| Mark Colip OD | President | 35.0 |
Officer
|
$415,556 | $69,494 | $485,050 |
| Erik Mothersbaugh OD | Dean for Student Affairs | 35.0 |
Key Emp
|
$230,588 | $33,070 | $263,658 |
| Leonard Messner OD | VP of Patient Care | 35.0 |
Key Emp
|
$266,374 | $41,870 | $308,244 |
| Stephanie Messner OD | VP of Academic Affairs | 35.0 |
Key Emp
|
$278,915 | $41,870 | $320,785 |
| Zhiyong Daniel Ren | Chief Operating Officer at IEI | 35.0 |
Key Emp
|
$234,489 | $21,600 | $256,089 |
| Anne Rozwat OD | Professor of Optometry | 35.0 |
Highest
|
$188,476 | $51,389 | $239,865 |
| Daniel Roberts OD | Professor of Optometry | 35.0 |
Highest
|
$181,741 | $73,239 | $254,980 |
| Geoffrey Goodfellow OD | Professor of Optometry | 35.0 |
Highest
|
$179,829 | $42,239 | $222,068 |
| Michael Chaglasian OD | Professor of Optometry | 35.0 |
Highest
|
$182,589 | $69,242 | $251,831 |
| Yi Pang OD | Professor of Optometry | 35.0 |
Highest
|
$208,969 | $64,739 | $273,708 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $37,146,736 | $38,523,194 | $99,057,565 | $-1,376,458 |
| 2023 | $38,494,231 | $36,782,950 | $100,230,863 | $1,711,281 |
| 2022 | $38,134,437 | $35,579,382 | $102,341,486 | $2,555,055 |
| 2021 | $41,438,897 | $36,541,143 | $110,244,360 | $4,897,754 |
| 2020 | $36,498,150 | $36,158,154 | $101,860,678 | $339,996 |
| 2019 | $41,033,747 | $38,852,171 | $101,923,487 | $2,181,576 |
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