EDINA, MN
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Sign In — Free (10 views/day)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.
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.
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...
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
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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