The American Optometric Association

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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

1936

Legal Domicile

Phone

3149914100

Tax Period

2023-01-01 to 2023-12-31

The American Optometric Association, founded in 1936, is a mid-sized nonprofit that reported $27.6M in total revenue in fiscal year 2023. Expenses of $30.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

HEALTH CARE AND PUBLIC POLICY RELATED TO EYE CARE WILL UNIFORMLY RECOGNIZE OPTOMETRISTS AS PRIMARY HEALTH CARE PROVIDERS AND ENSURE THE PUBLIC HAS ACCESS TO THE FULL SCOPE OF OPTOMETRIC CARE. OPTOMETRISTS AND OTHER PROFESSIONALS WILL LOOK TO THE AMERICAN OPTOMETRIC ASSOCIATION FOR PROFESSIONAL STANDARDS, RESEARCH AND EDUCATION LEADERSHIP THAT SERVE TO ENHANCE AND ENSURE COMPETENT, QUALITY PATIENT CARE. THE PUBLIC, OPTOMETRISTS AND OTHER PROFESSIONALS WILL TURN TO THE AMERICAN OPTOMETRIC ASSOCIATION FOR RELIABLE AND CURRENT INFORMATION RELATED TO OPTOMETRY EYE CARE AND HEALTH CARE POLICY.

Program Service Accomplishments

Program 1

ADVOCACY WORKS TO PROTECT AND ENHANCE HEALTH CARE AND PUBLIC POLICY RELATING TO EYE CARE AND TO ENSURE FULL PUBLIC ACCESS TO THE ENTIRE SCOPE OF OPTOMETRIC CARE

Program 2

COMMUNICATIONS MANAGES THE PUBLIC AFFAIRS CAMPAIGN FOR OPTOMETRIC AWARENESS ISSUES AND MANAGES/RELEASES INFORMATION ON ISSUES AFFECTING THE PROFESSION OF OPTOMETRY.

Program 3

EDUCATION OFFERS PROFESSIONAL DEVELOPMENT AND CONTINUING EDUCATION RESOURCES TO DOCTORS, PARAOPTOMETRICS AND STUDENTS THROUGH ONGOING LEARNING EXPERIENCES THAT SUPPORT THE PRACTICE OF CONTEMPORARY...

EDUCATION OFFERS PROFESSIONAL DEVELOPMENT AND CONTINUING EDUCATION RESOURCES TO DOCTORS, PARAOPTOMETRICS AND STUDENTS THROUGH ONGOING LEARNING EXPERIENCES THAT SUPPORT THE PRACTICE OF CONTEMPORARY OPTOMETRY.

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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 $0

Program Service Revenue $25,642,444

Investment Income $1,504,517

Other Revenue $436,897

TOTAL REVENUE $27,583,858

Expense Breakdown

Grants Paid $426,500

Salaries & Benefits $10,984,672

Fundraising Expenses $0

Program Expenses $0

Other Expenses $18,617,741

TOTAL EXPENSES $30,401,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,583,858	$28,035,373	0.0%
Expenses	$30,401,115	$26,793,959	+0.1%
Net Income	$-2,817,257	$1,241,414	-3.3%

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

N/A

Employees

Volunteers

308

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

$1,213,431

Total Directors

$610,497

Key Employees

$865,579

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice-President	17.0	Officer Director	$58,216	$0	$58,216
N/A	Immediate Past-President	13.0	Officer Director	$51,190	$0	$51,190
N/A	President	28.0	Officer Director	$112,618	$0	$112,618
N/A	President-Elect	19.0	Officer Director	$65,089	$0	$65,089
N/A	Secretary-Treasurer	18.0	Officer Director	$50,064	$0	$50,064
N/A	IMMEDIATE PAST PRESIDENT	8.0	Officer Director	$25,189	$0	$25,189
N/A	TRUSTEE	14.0	Director	$58,284	$0	$58,284
N/A	TRUSTEE	14.0	Director	$38,970	$0	$38,970
N/A	TRUSTEE	12.0	Director	$45,735	$0	$45,735
N/A	TRUSTEE	10.0	Director	$39,837	$0	$39,837
N/A	Trustee	6.0	Director	$19,436	$0	$19,436
N/A	TRUSTEE	15.0	Director	$45,869	$0	$45,869
N/A	EXECUTIVE DIRECTOR	40.0	Officer	$520,338	$31,267	$551,605
N/A	CHIEF FIN/TECH OFFICER	40.0	Officer	$260,631	$38,829	$299,460
N/A	CHIEF COMMUNICATIONS OFFICER	40.0	Key Emp	$249,617	$38,725	$288,342
N/A	CHIEF STRATEGY OFFICER	40.0	Key Emp	$254,892	$45,518	$300,410
N/A	CHIEF OPERATING OFFICER	40.0	Key Emp	$260,336	$16,491	$276,827
N/A	DIRECTOR OF ALLIANCES/PLANNING	40.0	Highest	$227,470	$23,253	$250,723
N/A	CHIEF ADVOCACY OFFICER, STATE	40.0	Highest	$230,093	$40,922	$271,015
N/A	CHIEF ADVOCACY OFFICER, FED	40.0	Highest	$246,928	$47,572	$294,500
N/A	GENERAL COUNSEL	40.0	Highest	$215,133	$48,666	$263,799
N/A	EXECUTIVE DIR, CENTER FOR IND	40.0	Highest	$245,127	$19,392	$264,519

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
2024	No data	No data	No data	No data
2023	$27,583,858	$30,401,115	$42,206,796	$-2,817,257
2022	$28,035,373	$26,793,959	$41,591,322	$1,241,414
2021	$25,369,492	$21,045,066	$41,380,476	$4,324,426
2020	$17,769,756	$19,931,334	$30,546,071	$-2,161,578
2019	$26,423,980	$27,737,068	$30,089,094	$-1,313,088
2018	$26,634,969	$25,255,829	$28,341,914	$1,379,140