Illinois Optometric Association (EIN 362586242) - 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

1908

Legal Domicile

Principal Officer

Leigh Ann Vanausdoll

Phone

2175258012

Tax Period

2024-01-01 to 2024-12-31

Illinois Optometric Association, founded in 1908, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $1.2M left a modest 14% surplus.

Mission

Protecting and advancing Optometry for the benefit of public health.

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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 $0

Program Service Revenue $1,173,148

Investment Income $128,599

Other Revenue $42,384

TOTAL REVENUE $1,344,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $394,028

Fundraising Expenses $0

Other Expenses $763,789

TOTAL EXPENSES $1,157,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,344,131	$1,415,538	-0.1%
Expenses	$1,157,817	$1,356,716	-0.1%
Net Income	$186,314	$58,822	+2.2%

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

100

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

$165,825

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angela Oberreiter OD	Chair/President	1.00	Officer Director	$0	$0	$0
Clint Taylor OD	Chair-Elect	1.00	Officer Director	$0	$0	$0
Ryan Witt OD	Secretary	1.00	Officer Director	$0	$0	$0
Sam Forzley OD	Immediate Past-Chair	1.00	Director	$0	$0	$0
Brandon Lernor OD	Director	1.00	Director	$0	$0	$0
Caitlyn McHugh-Glab OD	Director	1.00	Director	$0	$0	$0
Johnathan Reid OD	Director	1.00	Director	$0	$0	$0
Janice McMahon OD	Director	1.00	Director	$0	$0	$0
Brigette Colley OD	Director	1.00	Director	$0	$0	$0
Leigh Ann Vanausdoll	Chief Executive Officer	50.00	Officer	$154,977	$10,848	$165,825

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	$1,344,131	$1,157,817	$3,549,618	$186,314
2023	$1,415,538	$1,356,716	$3,321,594	$58,822
2022	$1,206,568	$901,625	$3,080,204	$304,943
2021	$1,358,434	$660,150	$3,029,355	$698,284
2020	$928,900	$707,427	$2,262,864	$221,473
2019	$1,159,771	$1,018,691	$2,129,373	$141,080
2018	$1,085,639	$977,673	$1,730,616	$107,966

Illinois Optometric Association