Contact Lens Museum

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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

2019

Legal Domicile

Principal Officer

Patrick Caroline

Phone

9712465164

Tax Period

2024-01-01 to 2024-12-31

Contact Lens Museum, founded in 2019, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $32K in total revenue in fiscal year 2024. Expenses of $47K exceeded revenue, resulting in a 45% operating deficit.

Mission

Museum of contact lenses from the past to be used for educational purposes for college students across the nation.

Program Service Accomplishments

Program 1

Expenses: $43,490 Revenue: $32,353

Museum of contact lenses from the past to be used for educational purposes for college students across the nation.

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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 $32,353

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $32,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $710

Program Expenses $43,490

Other Expenses $46,762

TOTAL EXPENSES $46,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,354	N/A	N/A
Expenses	$46,762	N/A	N/A
Net Income	$-14,408	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Don Ezeliel	Director	1.00	Director	$0	$0	$0
Craig Norman	Director	1.00	Director	$0	$0	$0
Joe Barr	Director	1.00	Director	$0	$0	$0
Roy Wesley	Director	1.00	Director	$0	$0	$0
Patrick Caroline	President	3.00	Officer Director	$0	$0	$0
Jiah Pack	Secretary & Director	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
2025	No data	No data	No data	No data
2024	$32,354	$46,762	$11,569	$-14,408
2023	$42,715	$41,414	$26,112	$1,301
2021	$58,980	$24,441	No data	$34,539
2020	No data	$35,680	No data	No data