CLAO EDUCATION AND RESEARCH FOUNDATION INC

EIN: 411876202 501(c)(3) Education

DENVER, CO

Total Revenue
$7,172
Total Expenses
$3,936
Total Assets
$344,811
Net Assets
$344,811
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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
CO
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

EDUCATION AND RESEARCH & DEVELOPMENT RELATING TO CONTACT LENSES AND EYE HEALTH CARE

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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%)

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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

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Governance

Voting Members
6
Independent Members
6
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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