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
🔒

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

Sign In — Free (10 views/day)

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

Program Service Accomplishments

Program 1

Doctors of optometry in North Dakota are required to attend 50 hours of continuing education in a 3 year cycle in order to maintain their license to practice. The education attended must be approved...

Read more

Doctors of optometry in North Dakota are required to attend 50 hours of continuing education in a 3 year cycle in order to maintain their license to practice. The education attended must be approved by the North Dakota State Board of Optometry.The annual congress held October 10 - October 20, 2024 had 51 optometrists and 37 paraoptometric staff who were registered and attended state approved training courses for a total of eight (8) hours of continuing education.Continuing education assures that Doctors of Optometry, practicing in the state of ND, are well-informed in the latest practices, technology, procedures, pharmacology, management modalities and developments in eye care.

Program 2

Doctors of optometry in North Dakota are required to attend continuing education in order to maintain their license to practice. The education attended must be approved by the North Dakota State...

Read more

Doctors of optometry in North Dakota are required to attend continuing education in order to maintain their license to practice. The education attended must be approved by the North Dakota State Board of Optometry.The spring conference held February 23 - February 24, 2024 had 50 registrants, who attended state approved training courses for a total of eight (8) hours of continuing education. Continuing education assures that Doctors of Optometry, practicing in the state of ND, are well-informed in the latest practices, technology, procedures, pharmacology, management modalities and developments in eye care.

Program 3

Doctors of optometry in North Dakota are required to attend continuing education in order to maintain their license to practice. The education attended must be approved by the North Dakota State...

Read more

Doctors of optometry in North Dakota are required to attend continuing education in order to maintain their license to practice. The education attended must be approved by the North Dakota State Board of Optometry.A golf outing was held in conjunction with continuing education on July 26n 2024. There was a total of 9 registrants who attended a state apporved training course for a total of one (1) hour of continuing education.Continuing education assures that Doctors of Optometry, practicing in the state of ND, are well-informed in the latest practices, technology, procedures, pharmacology, management modalities and developments in eye care.

🔒

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%)

Sign In — Free (10 views/day)

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
🔒

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

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in North Dakota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NORTH DAKOTA OPTOMETRIC ASSN with other nonprofits in North Dakota and across the country.