VITREORETINAL SURGERY FOUNDATION

EIN: 412122813 501(c)(3) Education

EDINA, MN

Total Revenue
$347,305
Total Expenses
$205,103
Total Assets
$1,413,265
Net Assets
$1,305,190
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MN
Principal Officer
HERBERT CANTRILL
Phone
9522593466
Tax Period
2025-01-01 to 2025-12-31

VITREORETINAL SURGERY FOUNDATION, founded in 2003, is a small nonprofit in the Education sector that reported $347K in total revenue in fiscal year 2025. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $142K, a strong 41% operating margin.

Mission

THE VITREORETINAL SURGERY FOUNDATION STRIVES TO PROMOTE EDUCATION AND RESEARCH RELATED TO RETINAL AND MACULAR DISEASES. WE SUPPORT RESEARCH BY FUNDING AWARDS FOR YOUNG INVESTIGATORS WITH A POTENTIAL FOR A CAREER DEVOTED TO RETINAL DISEASE AND RESEARCH. WE PROMOTE PROFESSIONAL EDUCATION BY SPONSORING COURSES DESIGNED FOR MEDICAL PROFESSIONALS INCLUDING OPHTHALMOLOGISTS, OPTOMETRISTS, RESIDENTS, FELLOWS, TECHNICIANS AND STUDENTS. WE PROMOTE COMMUNITY OUTREACH EDUCATION BY RAISING AWARENESS OF RETINAL DISEASES, TREATMENT OPTIONS, AND AVAILABLE RESOURCES.

Program Service Accomplishments

Program 1
Expenses: $43,583 Revenue: $63,325

THE VRS FOUNDATION SPONSORS THE ANNUAL RETINAL UPDATE CONTINUING EDUCATION CONFERENCE. THIS HAS BEEN THE PRIMARY EDUCATIONAL ACTIVITY OF THE VRSF AND HAS OCCURRED ANNUALLY FOR THE PAST 30 YEARS. THE...

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THE VRS FOUNDATION SPONSORS THE ANNUAL RETINAL UPDATE CONTINUING EDUCATION CONFERENCE. THIS HAS BEEN THE PRIMARY EDUCATIONAL ACTIVITY OF THE VRSF AND HAS OCCURRED ANNUALLY FOR THE PAST 30 YEARS. THE TARGET AUDIENCE IS PRACTICING OPHTHALMOLOGISTS AND OPTOMETRISTS IN THE UPPER MIDWEST. PRESENTATIONS ARE GIVEN BY VRS PHYSICIANS, AS WELL AS AN INVITED NATIONAL RECOGNIZED SPEAKER. THIS CONFERENCE IS ACCREDITED BY THE MINNESOTA MEDICAL ASSOCIATION FOR 4 AMA PRA CATEGORY 1 CREDITS. THE OPHTHALMIC BUSINESS COMMUNITY HAS FINANCIALLY SUPPORTED THE CONFERENCE AND EXHIBITS THEIR LATEST INNOVATIONS. IT IS THE ONLY CONFERENCE SPECIFICALLY ADDRESSING DISEASES OF THE RETINA AND MACULA IN OUR REGION EACH YEAR. IN 2025, THERE WERE 162 ATTENDEES AND 16 EXHIBITORS AT THE CONFERENCE.IN ADDITION, THE VRS FOUNDATION HOSTS A RESIDENT/FELLOW CASE REVIEW CONFERENCE THE EVENING BEFORE THE RETINAL UPDATE COURSE. RESIDENTS AND FELLOWS FROM VRS, UNIVERSITY OF MINNESOTA AND MAYO CLINIC PRESENT CHALLENGING CASES TO RCM, U OF MN AND MAYO CLINIC STAFF PHYSICIANS AS WELL AS OUR INVITED NATIONAL SPEAKER. IN 2025, THERE WERE 28 ATTENDEES TO LEARN ABOUT 11 DIFFERENT CASES PRESENTED. THE RETINAL UPDATE MEETING GENERATES SOME INCOME FOR THE FOUNDATION. PROGRAM EXPENSES ARE OFFSET BY REGISTRATIONS FEES AND EDUCATIONAL GRANTS FROM THE OPHTHALMIC BUSINESS COMMUNITY. IN 2025, THERE WAS PROFIT OF $19,742

Program 2
Expenses: $146,783

SINCE THE FOUNDING OF THE VITREORETINAL SURGERY FOUNDATION (VRSF) 2005, WE HAVE MAINTAINED A ROBUST RESEARCH PROGRAM. THE GOAL OF THE RESEARCH PROGRAM HAS BEEN TO SUPPORT YOUNG INVESTIGATORS AND...

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SINCE THE FOUNDING OF THE VITREORETINAL SURGERY FOUNDATION (VRSF) 2005, WE HAVE MAINTAINED A ROBUST RESEARCH PROGRAM. THE GOAL OF THE RESEARCH PROGRAM HAS BEEN TO SUPPORT YOUNG INVESTIGATORS AND ENCOURAGE THEM TO PURSUE A CAREER FOCUSING ON DISEASES OF THE RETINA. OUR RESEARCH PROGRAM IS OPEN TO MEDICAL STUDENTS, RESIDENTS AND FELLOWS AT OPHTHALMOLOGY TRAINING PROGRAMS, AND FULLTIME RESEARCH TRAINEES AT ACADEMIC CENTERS. WE ARE CURRENTLY WORKING WITH 36 PRACTICE BASED AND UNIVERSITY AFFILIATED PROGRAMS ACROSS THE COUNTRY.WE OFFER TWO TYPES OF RESEARCH GRANTS. OUR RESEARCH AWARD IS DESIGNED FOR OPHTHALMOLOGY RESIDENTS AND FELLOWS WHO WANT TO PURSUE A RESEARCH PROJECT DURING THEIR CLINICAL TRAINING. THE AWARD CONSISTS OF A RESEARCH STIPEND OF $2000 TOGETHER WITH AN ADDITIONAL $1000 FOR RESEARCH RELATED EXPENSES AND $1000 FOR TRAVEL EXPENSES TO PRESENT RESEARCH RESULTS AT A NATIONAL SYMPOSIUM. OUR RESEARCH FELLOWSHIP IS DESIGNED FOR SOMEONE INVOLVED IN FULLTIME RESEARCH AT AN ACADEMIC INSTITUTION PURSUING AN ADVANCED DEGREE, SUCH AS A PHD OR MD/PHD. THE FELLOWSHIP HAS A STIPEND OF $10,000 AND AN ADDITIONAL $1000 FOR TRAVEL EXPENSES TO PRESENT RESEARCH RESULTS AT A NATIONAL SYMPOSIUM.EACH YEAR BEGINNING IN JULY WE SOLICIT APPLICATIONS FROM OUR 35 AFFILIATED TRAINING PROGRAMS. APPLICATIONS ARE REVIEWED BY OUR BOARD OF DIRECTORS CONSISTING OF MEMBERS OF OUR PROFESSIONAL PRACTICE, RETINA CONSULTANTS OF MINNESOTA PLLC, AS WELL AS REPRESENTATIVES FROM THE UNIVERSITY OF MINNESOTA AND THE MAYO CLINIC. THE APPLICATION PROCESS IS COMPETITIVE, WITH APPROXIMATELY HALF OF THE APPLICATIONS SELECTED FOR AN AWARD OR FELLOWSHIP. IN 2025, THERE WERE 74 APPLICATIONS, WITH 34 RESEARCH AWARDS GIVEN, AND 5 FELLOWSHIPS AWARDED.THE SUCCESS OF OUR RESEARCH PROGRAM CAN BE MEASURED BY THE NUMBER OF PRESENTATIONS OF RESEARCH RESULTS AT NATIONAL MEETINGS AND PUBLICATION OF RESEARCH MANUSCRIPTS BY PEER REVIEWED JOURNALS. RESEARCH RESULTS ARE FREQUENTLY CITED IN ACADEMIC AND PROFESSIONAL PUBLICATIONS. RESULTS OF PRESENTATIONS ARE SOMETIMES PICKED UP BY LOCAL OR NATIONAL MEDIA. PUBLISHED MANUSCRIPTS ARE AVAILABLE TO THE ACADEMIC AND RESEARCH COMMUNITY THROUGH THE PUBMED SEARCH ENGINE, AND MOST JOURNAL ARTICLES ARE AVAILABLE TO MEMBERS OF THE OPHTHALMOLOGY PROFESSION THROUGH OPEN SOURCE JOURNAL ACCESS. OVER THE LAST 5 YEARS THERE HAS BEEN 158 PRESENTATIONS AND 86 PUBLICATIONS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $261,677
Program Service Revenue $63,325
Investment Income $22,303
Other Revenue $0
TOTAL REVENUE $347,305

Expense Breakdown

Grants Paid $146,783
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $190,366
Other Expenses $58,320
TOTAL EXPENSES $205,103

Year-over-Year Comparison

2025 2024 Change
Revenue $347,305 $269,119 +0.3%
Expenses $205,103 $177,082 +0.2%
Net Income $142,202 $92,037 +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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Governance

Voting Members
8
Independent Members
8
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
1
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HERBERT CANTRILL MD PRESIDENT 3.00
Officer Director
$0 $0 $0
MATTHEW STARR MD DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER HWANG MN PHD DIRECTOR 1.00
Director
$0 $0 $0
BRIAN PALMER DIRECTOR 1.00
Director
$0 $0 $0
KAREN ARMBRUST MD PHD DIRECTOR 1.00
Director
$0 $0 $0
PETER BELIN MD SECRETARY/TREASURER 1.00
Director
$0 $0 $0
GEOFFREY EMERSON MD PHD DIRECTOR 1.00
Director
$0 $0 $0
EDWIN RYAN MD DIRECTOR 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
2025 $347,305 $205,103 $1,413,265 $142,202
2024 $269,119 $177,082 $1,149,963 $92,037
2023 $234,372 $157,210 $969,388 $77,162
2022 $173,053 $145,175 $835,474 $27,878
2021 $198,593 $107,620 $837,364 $90,973
2020 $240,157 $113,462 $710,224 $126,695
2019 $250,148 $125,532 $613,989 $124,616
2018 $280,641 $155,196 $431,555 $125,445
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