RESTORINGVISION

🔒

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

2012

Legal Domicile

Principal Officer

PELIN MUNIS

Phone

8334483744

Tax Period

2023-01-01 to 2023-12-31

RESTORINGVISION, founded in 2012, is a community nonprofit in the Diseases & Disorders sector that reported $6.6M in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 19% operating margin.

Mission

TO EMPOWER LIVES BY RESTORING VISION FOR MILLIONS OF PEOPLE IN NEED. WE DO THIS BY CREATING EQUITABLE ACCESS TO CRITICAL VISION SERVICES AND EYEGLASSES FOR INDIVIDUALS LIVING ON LESS THAN $2/DAY. OUR PROGRAMS AND VISION INTERVENTIONS ARE AT THE INTERSECTION OF GLOBAL HEALTH, EDUCATION, AND ECONOMIC DEVELOPMENT, AND ADVANCE PROGRESS IN EIGHT OF THE 17 UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS.

Program Service Accomplishments

Program 1

Expenses: $4,528,367 Revenue: $509,971

RESTORINGVISION'S PROGRAMS ARE IMPLEMENTED IN PARTNERSHIP WITH AN UNPARALLELED NETWORK OF 3,000 NGOS AND GOVERNMENT PARTNERS. WE HAVE TWO PROGRAMS, OUR GLOBAL ACCESS PROGRAM AND COMMUNITY OUTREACH...

RESTORINGVISION'S PROGRAMS ARE IMPLEMENTED IN PARTNERSHIP WITH AN UNPARALLELED NETWORK OF 3,000 NGOS AND GOVERNMENT PARTNERS. WE HAVE TWO PROGRAMS, OUR GLOBAL ACCESS PROGRAM AND COMMUNITY OUTREACH PROGRAM, WHICH COLLECTIVELY REACH 4.28 MILLION PEOPLE ANNUALLY WITH THE VISION SERVICES AND EYEGLASSES THEY NEED TO SEE CLEARLY IN ORDER TO LIVE INDEPENDENT, PRODUCTIVE, AND HEALTHY LIVES. OUR PROGRAMS FOCUS PRIMARILY ON THE PROVISION OF VISION SCREENINGS AND READING GLASSES TO ADDRESS PRESBYOPIA, WHICH IMPACTS 826 MILLION PEOPLE WORLDWIDE. WE ALSO ADDRESS OTHER EYE ISSUES INCLUDING MYOPIA THROUGH THE PROVISION OF EYE EXAMS AND MINUS GLASSES FOR ADULTS AND CHILDREN AND THE PROVISION OF PROTECTIVE SUNGLASSES TO PREVENT THE EARLY ONSET OF CATARACTS AND OTHER EYE DISEASES. CONSISTENT WITH OUR STRATEGIC PLAN, WE ARE INCREASING OUR FOOTPRINT IN AFRICA, REACHING MORE REFUGEES, AND BUILDING LOCAL PROGRAMS TO ENSURE SUSTAINABLE ACCESS TO VISION SERVICES FOR PEOPLE LIVING IN POVERTY. THIS YEAR WE WILL REACH 100 COUNTRIES AND SCALE OUR WORK IN 18 COUNTRIES. SINCE OUR FOUNDING IN 2003, WE HAVE REACHED OVER 20 MILLION PEOPLE IN 144 COUNTRIES.

🔒

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 $6,081,088

Program Service Revenue $509,971

Investment Income $36,567

Other Revenue $3,738

TOTAL REVENUE $6,631,364

Expense Breakdown

Grants Paid $2,198,287

Salaries & Benefits $1,650,532

Fundraising Expenses $480,085

Program Expenses $4,528,367

Other Expenses $1,472,163

TOTAL EXPENSES $5,371,732

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,631,364	$3,676,482	+0.8%
Expenses	$5,371,732	$4,115,451	+0.3%
Net Income	$1,259,632	$-438,969	-3.9%

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

Volunteers

1000

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

$433,277

Total Directors

$295,537

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN HASSEY	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
ERWIN CHO	SECRETARY	1.00	Officer Director	$0	$0	$0
READE FAHS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
MYLES LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
PELIN MUNIS	CEO	50.00	Officer Director	$238,702	$56,835	$295,537
JAYANTH BHUVARAGHAN	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANN PETERS	DIRECTOR	1.00	Director	$0	$0	$0
KATRINA POSEY	VP OF FINANCE & ACCOUNTING	40.00	Officer	$83,744	$1,142	$84,886
DONALD BARCLAY	CFO (THRU 03/23)	50.00	Officer	$51,145	$1,709	$52,854
AMINAH YOBA	SR DIRECTOR OF DEVELOPMENT	40.00	Highest	$141,903	$16,107	$158,010

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	$6,631,364	$5,371,732	$5,787,425	$1,259,632
2022	$3,676,482	$4,115,451	$3,851,264	$-438,969
2021	$2,652,811	$2,260,056	$3,263,281	$392,755
2020	$1,404,320	$1,657,064	$2,647,067	$-252,744
2019	$2,765,067	$2,522,383	$3,018,271	$242,684
2018	$1,830,948	$2,468,170	$2,658,140	$-637,222