Foundation for Opthamological Care

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

Daniel Alter MD PHD

Phone

8473943933

Tax Period

2024-01-01 to 2024-12-31

Foundation for Opthamological Care, founded in 2011, is a small nonprofit in the Diseases & Disorders sector that reported $496K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $152K, a strong 31% operating margin.

Mission

Dedicated to promoting eye care solutions in Haiti, Rwanda, Jamaica, India, Burundi, and other low resource settings.

Program Service Accomplishments

Program 1

Expenses: $337,917

Dedicated to promoting eye care solutions in Haiti, Rwanda, Jamaica, India, Burundi, and other low resource settings.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $498,384

Program Service Revenue $0

Investment Income $262

Other Revenue $-2,405

TOTAL REVENUE $496,241

Expense Breakdown

Grants Paid $330,330

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $337,917

Other Expenses $13,708

TOTAL EXPENSES $344,038

Year-over-Year Comparison

	2024	2023	Change
Revenue	$496,241	$671,563	-0.3%
Expenses	$344,038	$689,143	-0.5%
Net Income	$152,203	$-17,580	-9.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Myers	Director	1.00	Director	$0	$0	$0
Ana Bastos de Carvalho	Director	1.00	Director	$0	$0	$0
Paul Chan	Director	1.00	Director	$0	$0	$0
Linda Lawrence	Director	1.00	Director	$0	$0	$0
Gregory Nelson	Director	1.00	Director	$0	$0	$0
Daniel Alter	President	5.00	Officer Director	$0	$0	$0
Matthew Thompson	Treasurer	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	$496,241	$344,038	$420,045	$152,203
2023	$671,563	$689,143	$267,842	$-17,580
2022	$422,944	$513,616	$285,422	$-90,672
2021	$479,589	$277,619	$299,785	$201,970