COLLEGE OF OPTOMETRISTS IN VISION DEVELOPMENT (EIN 410962335) - 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

1971

Legal Domicile

Phone

3309950718

Tax Period

2023-01-01 to 2023-12-31

COLLEGE OF OPTOMETRISTS IN VISION DEVELOPMENT, founded in 1971, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 8% surplus.

Mission

IMPROVING LIVES BY ADVANCING EXCELLENCE IN OPTOMETRIC VISION THERAPY AND REHABILITATION THROUGH EDUCATION AND BOARD CERTIFICATION.

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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 $417,065

Program Service Revenue $733,758

Investment Income $31,893

Other Revenue $14,556

TOTAL REVENUE $1,197,272

Expense Breakdown

Grants Paid $19,155

Salaries & Benefits $383,810

Fundraising Expenses $0

Program Expenses $927,959

Other Expenses $694,528

TOTAL EXPENSES $1,097,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,197,272	$1,226,734	0.0%
Expenses	$1,097,493	$1,025,892	+0.1%
Net Income	$99,779	$200,842	-0.5%

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

150

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

$141,138

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIE BODACK	PRESIDENT	10.00	Officer Director	$0	$0	$0
JENNIFER DATTOLO	IMMEDIATE PAST PRESIDENT	10.00	Officer Director	$0	$0	$0
PATRICK QUAID	PRESIDENT ELECT	10.00	Officer Director	$0	$0	$0
CURTIS BAXSTROM	DIRECTOR	10.00	Director	$0	$0	$0
JENNIFER SMITH ZOLMAN	SECRETARY-TREASURER	10.00	Officer Director	$0	$0	$0
STACEY COULTER	DIRECTOR	10.00	Director	$0	$0	$0
ROBERT FOX	DIRECTOR	10.00	Director	$0	$0	$0
PHILIP BUGAISKI	DIRECTOR	10.00	Director	$0	$0	$0
KATHRYN KIRSCHNER	EXECUTIVE DIRECTOR	40.00	Officer	$125,000	$16,138	$141,138

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	$1,197,272	$1,097,493	$2,043,200	$99,779
2022	$1,226,734	$1,025,892	$1,835,475	$200,842
2021	$1,051,216	$548,622	$1,765,307	$502,594
2020	$675,161	$645,029	$1,324,538	$30,132
2019	$1,288,782	$1,160,944	$1,223,356	$127,838
2018	$1,257,227	$1,216,450	$1,059,258	$40,777

COLLEGE OF OPTOMETRISTS IN VISION DEVELOPMENT