FOUNDATION FIGHTING BLINDNESS RETINAL DEGENERATION FUND (EIN 450524687) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

RUSSELL W KELLEY

Phone

4104230600

Tax Period

2023-07-01 to 2024-06-30

FOUNDATION FIGHTING BLINDNESS RETINAL DEGENERATION FUND, founded in 2003, is a community nonprofit in the Medical Research sector that reported $8.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $7.4M, a strong 85% operating margin.

Mission

THE FOUNDATION FIGHTING BLINDNESS RETINAL DEGENERATION FUND'S MISSION IS TO ACCELERATE THE TRANSLATION OF RETINAL LABORATORY-BASED RESEARCH INTO CLINICAL TRIALS TO EXPEDITE THE COMMERCIALIZATION OF PATIENT THERAPIES.

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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 $8,307,442

Program Service Revenue $0

Investment Income $443,693

Other Revenue $0

TOTAL REVENUE $8,751,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,118,966

Fundraising Expenses $0

Program Expenses $1,273,456

Other Expenses $190,719

TOTAL EXPENSES $1,309,685

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,751,135	$9,316,837	-0.1%
Expenses	$1,309,685	$1,014,874	+0.3%
Net Income	$7,441,450	$8,301,963	-0.1%

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

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

$1,427,285

Total Directors

$105,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BLUMENKRANZ MD MMS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BRINT	EX OFFICIO DIRECTOR	1.00	Director	$0	$0	$0
WARREN THALER	DIRECTOR	1.00	Director	$0	$0	$0
JOSE-ALAIN SAHEL MD	DIRECTOR	1.00	Director	$0	$0	$15,000
ADRIENNE GRAVES PHD	CHAIRMAN	1.00	Director	$0	$0	$0
KELLY LISBAKKEN	DIRECTOR	1.00	Director	$0	$0	$0
JACQUE DUNCAN MD	DIRECTOR	1.00	Director	$0	$0	$75,000
JONATHAN STEINBERG MD	DIRECTOR	1.00	Director	$0	$0	$0
TONY ADAMIS MD	DIRECTOR	1.00	Director	$0	$0	$0
JEAN BENNETT MD PHD	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE BOWES RICKMAN PHD	DIRECTOR	1.00	Director	$0	$0	$15,000
JASON D MENZO	CEO	8.00	Officer	$104,122	$68,385	$588,996
RUSSELL W KELLEY	MANAGING DIRECTOR, RD FUND	40.00	Officer	$347,534	$64,959	$412,493
PETER GINSBERG	COO	8.00	Officer	$72,505	$63,272	$425,796
ALICIA KEMBLE	SENIOR VENTURE ASSOCIATE	40.00	Highest	$135,548	$21,753	$157,301

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
2025	No data	No data	No data	No data
2024	$8,751,135	$1,309,685	$52,460,807	$7,441,450
2023	$9,316,837	$1,014,874	$47,303,067	$8,301,963
2022	$15,424,974	$1,051,912	$45,350,093	$14,373,062
2022	$15,424,974	$1,051,912	$45,350,093	$14,373,062
2021	$21,228,882	$2,021,967	$31,011,511	$19,206,915
2020	$11,939,089	$2,984,402	$11,438,657	$8,954,687

FOUNDATION FIGHTING BLINDNESS RETINAL DEGENERATION FUND