WISCONSIN 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

1937

Legal Domicile

Principal Officer

PETER THEO

Phone

6088242200

Tax Period

2024-01-01 to 2024-12-31

WISCONSIN OPTOMETRIC ASSOCIATION, founded in 1937, is a small nonprofit that reported $852K in total revenue in fiscal year 2024. Expenses of $801K left a modest 6% surplus.

Mission

THE WISCONSIN OPTOMETRIC ASSOCIATION IS A NONPROFIT AFFILIATE OF LICENSED OPTOMETRISTS AND ASSOCIATED BUSINESSES DEDICATED TO THE PRESERVATION AND ENHANCEMENT OF THE VISION WELFARE OF THE PEOPLE OF WISCONSIN. THE WISCONSIN OPTOMETRIC ASSOCIATION (WOA) EXISTS TO BENEFIT EVERY CITIZEN THROUGH THE DEVELOPMENT AND DELIVERY OF COST EFFECTIVE, HIGH QUALITY, STATE OF THE ART EYE CARE EQUALLY AVAILABLE TO EVERYONE; AND TO MAINTAIN HIGH TECHNICAL AND PROFESSIONAL STANDARDS BY ALL OPTOMETRISTS IN ALL ENDEAVORS. THE WOA ACCOMPLISHES THIS BY: -EDUCATION AND DISSEMINATION OF INFORMATION TO ITS MEMBERS AND THE GENERAL PUBLIC-ORGANIZED GOVERNMENTAL ACTIVITY-MEDIATION WITH CONSUMER AND PUBLIC INTEREST GROUPS-PROVIDING COLLECTIVE BENEFITS TO MEMBERS.

Program Service Accomplishments

Program 1

PROMOTES EDUCATION AND PUBLIC AWARENESS OF THE OPTOMETRY PROFESSION SO AS TO IMPROVE THE DELIVERY OF VISION CARE THROUGH COMMUNICATION AND ADVOCACY EFFORTS. WE HOLD 4 EDUCATION EVENTS PER YEAR WITH TOTAL ATTENDANCE OF APPROXIMATELY 580 DOCTORS OF OPTOMETRY. WE OFFER CONTINUING EDUCATION FOR DOCTORS OF OPTOMETRY SO THEY CAN MEET THEIR RE-LICENSURE REQUIREMENTS AND ALSO STAY ABREAST OF THE MOST CURRENT TRENDS IN EYECARE TO BETTER CARE FOR THEIR PATIENTS.

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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 $0

Program Service Revenue $782,734

Investment Income $48,772

Other Revenue $20,560

TOTAL REVENUE $852,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $801,226

TOTAL EXPENSES $801,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$852,066	$887,858	0.0%
Expenses	$801,226	$767,119	+0.0%
Net Income	$50,840	$120,739	-0.6%

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

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
ANDREW NAHAS OD	PRESIDENT	6.00	Officer Director	$0	$0	$0
ASHLEY TORREANO OD	SOCIETY PRESIDENT	1.00	Director	$0	$0	$0
BRITTANY BEERS OD	DIRECTOR	1.00	Director	$0	$0	$0
EMILY PARKER OD	SECRETARY	6.00	Officer Director	$0	$0	$0
JEFFREY CLEMENTS OD	TREASURER	6.00	Officer Director	$0	$0	$0
KYLE ROSS OD	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN WILLIAMSON OD	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE KWON OD	DIRECTOR AND SOCIETY PRESIDENT	1.00	Director	$0	$0	$0
REBECCA KABAT OD	PRESIDENT ELECT	6.00	Officer Director	$0	$0	$0
RYAN AMES OD	IMMEDIATE PAST PRESIDENT	6.00	Officer Director	$0	$0	$0
RYAN DEIBERT OD	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
TRACY ROSIEK OD	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE BLAVAT OD	SOCIETY PRESIDENT	1.00	Director	$0	$0	$0
JEFFREY SARAZEN OD	DIRECTOR	1.00	Director	$0	$0	$0
HAYDEN MATZ OD	SOCIETY PRESIDENT	1.00	Director	$0	$0	$0
ALEXANDRIA LITERSKI OD	SOCIETY PRESIDENT	1.00	Director	$0	$0	$0
GREG HUTCHESON OD	SOCIETY PRESIDENT	1.00	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	$852,066	$801,226	$1,939,533	$50,840
2023	$887,858	$767,119	$1,883,821	$120,739
2022	$886,796	$802,553	$1,720,512	$84,243
2021	$749,977	$700,524	$1,750,914	$49,453
2020	$680,009	$653,052	$1,623,855	$26,957
2019	$890,218	$792,481	$1,604,285	$97,737
2018	$773,732	$763,498	$1,420,764	$10,234