MICHIGAN OPTOMETRIC ASSOCIATION (EIN 380830546) - 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

1909

Legal Domicile

Principal Officer

JEFFREY TOWNS

Phone

5174820616

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN OPTOMETRIC ASSOCIATION, founded in 1909, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. The organization ran a surplus of $214K, a strong 18% operating margin.

Mission

TO ADVANCE AND SUPPORT OPTOMETRY IN SERVING EYE CARE NEEDS IN MICHIGAN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,106,227

Investment Income $61,197

Other Revenue $38,801

TOTAL REVENUE $1,206,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $311,490

Fundraising Expenses $0

Other Expenses $680,668

TOTAL EXPENSES $992,158

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,206,225	$1,227,181	0.0%
Expenses	$992,158	$1,057,897	-0.1%
Net Income	$214,067	$169,284	+0.3%

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

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

$174,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARREN SMARCH OD	TRUSTEE	3.00	Director	$0	$0	$0
WHITNEY J GENRICH OD	TRUSTEE	3.00	Director	$0	$0	$0
SHEA FERREE CARNEY OD	TRUSTEE	3.00	Director	$0	$0	$0
KRYSTAL ANDREWS OD	TRUSTEE	3.00	Director	$0	$0	$0
ERICA JOHNSON CARDER OD FAAO	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
ROBERT BUCKINGHAMOD PHD FAAO	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JAMES D HARDIE OD	IMMEDIATE PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
MICHAEL PACK OD	PRESIDENT	3.00	Officer Director	$0	$0	$0
JENNIFER SCHAD OD FAAO	PRESIDENT - ELECT	3.00	Officer Director	$0	$0	$0
JEFFREY TOWNS	EXECUTIVE DIRECTOR	40.00	Officer	$143,883	$30,717	$174,600

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	$1,206,225	$992,158	$2,628,277	$214,067
2022	$1,227,181	$1,057,897	$2,229,807	$169,284
2021	$1,115,968	$871,824	$2,223,943	$244,144
2020	$860,728	$771,434	$1,783,906	$89,294
2019	$1,154,625	$1,019,246	$1,647,518	$135,379
2018	$1,127,657	$1,090,719	$1,524,194	$36,938

MICHIGAN OPTOMETRIC ASSOCIATION