RETINA RESEARCH AND DEVELOPMENT FO… - Form 990 Financial Data

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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

1966

Legal Domicile

Principal Officer

DANIEL JOSEPH PHD MD

Phone

3143671181

Tax Period

2023-01-01 to 2023-12-31

RETINA RESEARCH AND DEVELOPMENT FOUNDATION, founded in 1966, is a small nonprofit that reported $516K in total revenue in fiscal year 2023. Revenue surged 342% from the prior year, signaling strong growth momentum. The organization ran a surplus of $446K, a strong 86% operating margin.

Mission

TO RESEARCH AND TEACH ABOUT DISEASES AND SURGERIES OF THE EYE.

Program Service Accomplishments

Program 1

Expenses: $58,439

SYMPOSIUMS COVERING TOPICS CONCERNING DISEASES OF THE EYE AND SURGICAL TECHNIQUES. ATTENDANCE OF APPROXIMATELY 198 VIRTUAL ATTENDEES AND 96 IN-PERSON ATTENDEES. THE FOUNDATION FUNDS STUDIES RELATED TO DEVELOPING THE MOST EFFECTIVE MEANS OF TREATING VARIOUS DISEASES OF THE RETINA AND VITREOUS. 9 PAPERS WERE PUBLISHED IN 2023 AS WELL AS 6 "CASE OF THE MONTH" ARTICLES. PRESENTATIONS WERE ALSO MADE AT VARIOUS CONFERENCES AND ON WEB-BASED MEETINGS.

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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 $413,539

Program Service Revenue $0

Investment Income $102,580

Other Revenue $0

TOTAL REVENUE $516,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,439

Other Expenses $70,545

TOTAL EXPENSES $70,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$516,119	$116,711	+3.4%
Expenses	$70,545	$95,767	-0.3%
Net Income	$445,574	$20,944	+20.3%

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

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
DEAN BURGESS MD	TRUSTEE	0.10	Officer Director	$0	$0	$0
DANIEL JOSEPH PHD MD	TRUSTEE	3.00	Officer Director	$0	$0	$0
MATTHEW A THOMAS MD	TRUSTEE	0.10	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	$516,119	$70,545	$3,496,233	$445,574
2022	$116,711	$95,767	$3,030,037	$20,944
2021	$101,493	$97,569	$3,068,482	$3,924
2020	$139,026	$56,465	$3,057,579	$82,561
2019	$196,422	$137,237	$2,986,571	$59,185
2018	$265,051	$119,286	$2,933,729	$145,765

RETINA RESEARCH AND DEVELOPMENT FOUNDATION