MICHIGAN OPTOMETRIC ASSOCIATION

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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

2025-01-01 to 2025-12-31

MICHIGAN OPTOMETRIC ASSOCIATION, founded in 1909, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2025. The organization ran a surplus of $247K, a strong 19% operating margin.

Mission

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

Program Service Accomplishments

Program 1

PROVIDED REPRESENTATION AND EDUCATION TO THE MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $5,000

Program Service Revenue $1,122,726

Investment Income $97,390

Other Revenue $52,187

TOTAL REVENUE $1,277,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $370,010

Fundraising Expenses $0

Other Expenses $660,382

TOTAL EXPENSES $1,030,392

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,277,303	$1,272,799	+0.0%
Expenses	$1,030,392	$1,051,381	0.0%
Net Income	$246,911	$221,418	+0.1%

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

$194,932

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
ANTHONY SESTO OD	TRUSTEE	3.00	Director	$0	$0	$0
BEAU POQUETTE OD	TRUSTEE	3.00	Director	$0	$0	$0
KRYSTAL ANDREWS OD	TRUSTEE	3.00	Director	$0	$0	$0
SHEA FERREE CARNEY OD	SECRETARY/TREASURER	3.00	Director	$0	$0	$0
WHITNEY J GENRICH OD	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JENNIFER SCHAD OD FAAO	IMMEDIATE PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
ROBERT BUCKINGHAMOD PHD FAAO	PRESIDENT	3.00	Officer Director	$0	$0	$0
ERICA JOHNSON CARDER OD FAAO	PRESIDENT - ELECT	3.00	Officer Director	$0	$0	$0
JEFFREY TOWNS	EXECUTIVE DIRECTOR	40.00	Officer	$157,479	$37,453	$194,932

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	$1,277,303	$1,030,392	$3,134,704	$246,911
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