AMERICAN ACADEMY OF OPTOMETRY (EIN 411227642) - 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

1929

Legal Domicile

Principal Officer

TRISH SHOMION

Phone

3213194860

Tax Period

2023-07-01 to 2024-06-30

AMERICAN ACADEMY OF OPTOMETRY, founded in 1929, is a community nonprofit in the Education sector that reported $8.6M in total revenue in fiscal year 2023.

Mission

TO MAINTAIN AND ENHANCE EXCELLENCE IN OPTOMETRIC PRACTICE

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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 $340,818

Program Service Revenue $7,553,835

Investment Income $432,284

Other Revenue $232,322

TOTAL REVENUE $8,559,259

Expense Breakdown

Grants Paid $353,356

Salaries & Benefits $2,361,871

Fundraising Expenses $0

Program Expenses $7,574,293

Other Expenses $6,203,948

TOTAL EXPENSES $8,919,175

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,559,259	$8,563,571	0.0%
Expenses	$8,919,175	$9,933,404	-0.1%
Net Income	$-359,916	$-1,369,833	-0.7%

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

457

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

$468,526

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRISH SHOMION	CHIEF EXECUTIVE OFFICER	25.00	Officer	$249,020	$7,400	$256,420
RICHARD JONES	CHIEF FINANCIAL OFFICER	26.00	Officer	$187,408	$24,698	$212,106
HELEN VIKSNINS	VP, EDUCATION/PROFESSIONAL RELATIONS	38.00	Highest	$149,310	$22,993	$172,303
ELIZABETH TAYLOR	VP, MEETINGS & INDUSTRY RELATIONS	40.00	Highest	$124,758	$10,454	$135,212
JOEL LABORDE	VP OF STRATEGIC INITIATIVES	30.00	Highest	$108,077	$19,674	$127,751
DAVID HARRISON	DIRECTOR OF DIGITAL ENGAGEMENT	35.00	Highest	$108,608	$17,072	$125,680
SUSAN COTTER	PRESIDENT	10.00	Officer Director	$0	$0	$0
TIMOTHY MCMAHON	IMMEDIATE PAST-PRES.	10.00	Officer Director	$0	$0	$0
JEFFREY WALLINE	PRESIDENT-ELECT	10.00	Officer Director	$0	$0	$0
CARL SPEAR	SECRETARY-TREASURER	10.00	Officer Director	$0	$0	$0
NICHOLAS COLATRELLA	BOARD MEMBER	10.00	Director	$0	$0	$0
ANDREW MICK	BOARD MEMBER	10.00	Director	$0	$0	$0
CHRIS WILMER	BOARD MEMBER	10.00	Director	$0	$0	$0
NANCY WONG	BOARD MEMBER	10.00	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
2025	No data	No data	No data	No data
2024	$8,559,259	$8,919,175	$12,371,354	$-359,916
2023	$8,563,571	$9,933,404	$12,107,546	$-1,369,833
2022	$8,270,170	$8,039,565	$12,994,483	$230,605
2021	$5,718,664	$4,955,632	$14,902,032	$763,032
2020	$7,328,529	$7,333,105	$11,842,833	$-4,576
2019	$7,541,034	$6,968,370	$12,504,586	$572,664
2018	$7,146,680	$6,294,839	$11,912,390	$851,841

AMERICAN ACADEMY OF OPTOMETRY