NORTH DAKOTA OPTOMETRIC ASSN

EIN: 450321677

BISMARCK, ND

Total Revenue
$251,225
Total Expenses
$162,849
Total Assets
$1,376,355
Net Assets
$1,370,555
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
ND
Principal Officer
KIM HACKER
Phone
7012586766
Tax Period
2024-01-01 to 2024-12-31

NORTH DAKOTA OPTOMETRIC ASSN, founded in 1938, is a small nonprofit that reported $251K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $88K, a strong 35% operating margin.

Mission

The North Dakota Optometric Association is a nonprofit affiliation of licensed optometrists and associated businesses dedicated to the preservation and enhancement of the vision welfare of the people of North Dakota. The North Dakota Optometric Association exists to benefit every citizen through the development and delivery of cost effective, high-quality, state of the art eye care equally available to everyone; and to maintain high technical and professional standards by all optometrists in all endeavors. The North Dakota Optometric Association accomplishes this by:1.Education and dissemination of information to its members and the general public; 2.Organized governmental activity; 3.Mediation with consumer and public interest groups; and 4.Providing collective education benefits to members

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $25,000
Program Service Revenue $163,298
Investment Income $63,915
Other Revenue $-988
TOTAL REVENUE $251,225

Expense Breakdown

Grants Paid $0
Salaries & Benefits $65,375
Fundraising Expenses $0
Other Expenses $97,474
TOTAL EXPENSES $162,849

Year-over-Year Comparison

2024 2023 Change
Revenue $251,225 $265,809 -0.1%
Expenses $162,849 $149,719 +0.1%
Net Income $88,376 $116,090 -0.2%
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
5
Independent Members
5
Employees
1
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
5
$0
Total Directors
1
$60,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM HACKER Executive Dir. 30.00
Director
$60,000 $0 $60,000
BRITTANY SCHAUER President elect 1.00
Officer
$0 $0 $0
ALEX LOOYSEN SEC-TREAS 0.00
Officer
$0 $0 $0
MICHAEL REXINE Past President 1.00
Officer
$0 $0 $0
JED HILLMER President 1.00
Officer
$0 $0 $0
BRIANAN BOHN Vice President 1.00
Officer
$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 $251,225 $162,849 $1,376,355 $88,376
2023 $265,809 $149,719 $1,258,496 $116,090
2022 $256,648 $177,884 $1,115,066 $78,764
2021 $267,639 $171,251 $1,171,628 $96,388
2020 $218,295 $155,805 $1,166,249 $62,490
2019 $260,906 $191,490 $1,079,879 $69,416
2018 $221,313 $179,888 $917,140 $41,425
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