CLAO EDUCATION AND RESEARCH FOUNDA… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

CAROL A GODDARD

Phone

3035677882

Tax Period

2020-07-01 to 2021-06-30

CLAO EDUCATION AND RESEARCH FOUNDATION INC, founded in 1998, is a micro nonprofit in the Education sector that reported $7K in total revenue in fiscal year 2020. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3K, a strong 45% operating margin.

Mission

THE CLAO EDUCATION AND RESEARCH FOUNDATION SUPPORTS EDUCATION AND THE ADVANCEMENT OF RESEARCH AND TECHNOLOGIES RELATED TO CONTACT LENSES, ANTERIOR SEGMENT VISION CARE SERVICES AND PUBLIC EYE HEALTH CARE.

Program Service Accomplishments

Program 1

FUND EDUCATIONAL PROGRAMS IN CONTACT LENSES AND ANTERIOR SEGMENT VISION CARE SCIENCE

Program 2

FUND BASIC CLINICAL RESEARCH AND DEVELOPMENT RELEVANT TO CONTACT LENSES, ENHANCED VISUAL ACUITY AND ANTERIOR SEGMENT VISION CARE SCIENCE.

Program 3

SUPPORT SCHOLARS AND MENTORING RELATIONSHIPS. PROVIDE TRAINING OPPORTUNITIES FOR RESIDENTS, FELLOWS AND YOUNG INVESTIGATORS. SUPPORT DISSEMINATION OF NEW CONTACT LENS AND OTHER MEANS OF VISION...

SUPPORT SCHOLARS AND MENTORING RELATIONSHIPS. PROVIDE TRAINING OPPORTUNITIES FOR RESIDENTS, FELLOWS AND YOUNG INVESTIGATORS. SUPPORT DISSEMINATION OF NEW CONTACT LENS AND OTHER MEANS OF VISION CORRECTION WORLDWIDE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $7,172

Other Revenue $0

TOTAL REVENUE $7,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $3,936

TOTAL EXPENSES $3,936

Year-over-Year Comparison

	2020	2019	Change
Revenue	$7,172	$9,325	-0.2%
Expenses	$3,936	$18,737	-0.8%
Net Income	$3,236	$-9,412	-1.3%

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

N/A

Volunteers

N/A

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
S LANCE FORSTOT MD	CHAIR	5.0	Director	$0	$0	$0
JAMES E KEY II MD	TRUSTEE	5.0	Director	$0	$0	$0
THOMAS L STEINEMANN MD	TRUSTEE	5.0	Director	$0	$0	$0
MICHAEL H GOLDSTEIN MD	TRUSTEE	5.0	Director	$0	$0	$0
IRA UDELL MD	TRUSTEE	5.0	Director	$0	$0	$0
DEBORAH JACOBS MD	TRUSTEE	5.0	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
2021	$7,172	$3,936	$344,811	$3,236

CLAO EDUCATION AND RESEARCH FOUNDATION INC