INTERNATIONAL SOCIETY FOR CONTACT … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

LORETTA SZCZOTKA-FLYNN

Phone

3145693333

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL SOCIETY FOR CONTACT LENS RESEARCH, founded in 1980, is a small nonprofit in the Medical Research sector that reported $182K in total revenue in fiscal year 2023. The organization ran a surplus of $111K, a strong 61% operating margin.

Mission

THE INTERNATIONAL SOCIETY FOR CONTACT LENS RESEARCH IS A GROUP WHO EXCHANGES KNOWLEDGE IN CONTACT LENSES AND ALLIED SCIENCES TO ENCOURAGE SCIENTIFIC RESEARCH AND EDUCATIONAL ADVANCEMENTS.

Program Service Accomplishments

Program 1

Expenses: $18,853

BIENNIAL SCIENTIFIC SYMPOSIA: A FORMAL MEETING OF GLOBAL EXPERTS FROM ALL ASPECTS OF CONTACT LENS RESEARCH. MEMBERS DISCUSS RECENT DEVELOPMENTS, ADDRESS KEY CHALLENGES AND IDENTIFY FUTURE RESEARCH...

BIENNIAL SCIENTIFIC SYMPOSIA: A FORMAL MEETING OF GLOBAL EXPERTS FROM ALL ASPECTS OF CONTACT LENS RESEARCH. MEMBERS DISCUSS RECENT DEVELOPMENTS, ADDRESS KEY CHALLENGES AND IDENTIFY FUTURE RESEARCH NEEDS TO ADVANCE THE FIELD AND INDUSTRY.

Program 2

Expenses: $40,000

PROVIDE GRANTS TO STUDENTS AND UNIVERSITIES FOR INDUSTRY RELATED RESEARCH

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $176,275

Program Service Revenue $0

Investment Income $6,053

Other Revenue $0

TOTAL REVENUE $182,328

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,853

Other Expenses $31,055

TOTAL EXPENSES $71,055

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,328	$178,583	+0.0%
Expenses	$71,055	$333,675	-0.8%
Net Income	$111,273	$-155,092	-1.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
FIONA STAPLETON	IMMEDIATE PAST PRESIDENT	2.00	Director	$0	$0	$0
NATHAN EFRON	PRESIDENT	2.00	Officer Director	$0	$0	$0
LORETTA SZCZOTKA-FLYNN	VICE PRESIDENT FINANCE	1.00	Officer Director	$0	$0	$0
DARLENE DARTT	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
CRAIG WOODS	VICE PRESIDENT	1.00	Director	$0	$0	$0
CAROL LAKKIS	VICE PRESIDENT	1.00	Director	$0	$0	$0
LYNDON JONES	VICE PRESIDENT	1.00	Director	$0	$0	$0
KATHY DUMBLETON	SECRETARY	4.00	Officer 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
2024	No data	No data	No data	No data
2023	$182,328	$71,055	$497,282	$111,273
2022	$178,583	$333,675	$378,649	$-155,092
2021	$136,250	$29,152	$543,099	$107,098
2020	$197,819	$61,844	$429,026	$135,975

INTERNATIONAL SOCIETY FOR CONTACT LENS RESEARCH