SPECTRIOS INSTITUTE FOR LOW VISION

EIN: 363083157 501(c)(3)

WHEATON, IL

Total Revenue
$1,012,016
Total Expenses
$1,302,115
Total Assets
$2,732,485
Net Assets
$2,606,969
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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
1980
Legal Domicile
IL
Principal Officer
R TRACY WILLIAMS OD
Phone
6306907115
Tax Period
2023-01-01 to 2023-12-31

SPECTRIOS INSTITUTE FOR LOW VISION, founded in 1980, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 29% operating deficit.

Mission

VISUAL REHABILITATION OF LOW VISION PATIENTS

Program Service Accomplishments

Program 1
Expenses: $944,635 Revenue: $1,270,335

PROVIDE VISUAL REHABILITATION PROGRAMS WHICH ASSIST LOW VISION PATIENTS IN OVERCOMING OBSTACLES OF DAILY LIVING AND IN MAINTAINING INDEPENDENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $535,497
Program Service Revenue $283,280
Investment Income $19,853
Other Revenue $173,386
TOTAL REVENUE $1,012,016

Expense Breakdown

Grants Paid $0
Salaries & Benefits $878,565
Fundraising Expenses $122,547
Program Expenses $944,635
Other Expenses $423,550
TOTAL EXPENSES $1,302,115

Year-over-Year Comparison

2023 2022 Change
Revenue $1,012,016 $2,133,280 -0.5%
Expenses $1,302,115 $1,368,026 0.0%
Net Income $-290,099 $765,254 -1.4%
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

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Governance

Voting Members
11
Independent Members
11
Employees
16
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
4
$186,309
Total Directors
12
$186,309
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
R TRACY WILLIAMS OD EXECUTIVE DI 40.00
Officer Director
$177,956 $8,353 $186,309
DAVID DOPP DIRECTOR 1.00
Director
$0 $0 $0
RICHARD FEINBLOOM FIN CHAIR/ S 1.00
Officer Director
$0 $0 $0
DAVID GOTSCH 1ST VICE CHA 1.00
Officer Director
$0 $0 $0
DEBRA GREGORASH DIRECTOR 1.00
Director
$0 $0 $0
KERRY MULLIGAN DIRECTOR 1.00
Director
$0 $0 $0
KERRI LARGO PHD DIRECTOR 1.00
Director
$0 $0 $0
VAN SAMPLETON TRUSTEE/DIRE 1.00
Director
$0 $0 $0
GRAHAM SHEPHERD DIRECTOR 1.00
Director
$0 $0 $0
JANET WEINSTEIN DIRECTOR 1.00
Director
$0 $0 $0
JAY WHEELER DIRECTOR 1.00
Director
$0 $0 $0
PETER WHINFREY BOARD CHAIRM 1.00
Officer Director
$0 $0 $0
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 No data No data No data No data
2023 $1,012,016 $1,302,115 $2,732,485 $-290,099
2022 $2,133,280 $1,368,026 $2,912,925 $765,254
2021 $1,326,198 $1,124,404 $2,437,435 $201,794
2020 $1,037,822 $1,042,750 $2,233,547 $-4,928
2019 $1,120,441 $1,057,994 $2,051,704 $62,447
2018 $1,320,190 $1,071,906 $1,917,973 $248,284
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