AMERICAN ASSOCIATION OF CORPORATE OPTOMETRISTS

EIN: 463076382 Community Improvement

ELLIJAY, GA

Total Revenue
$276,603
Total Expenses
$302,953
Total Assets
$42,918
Net Assets
$37,320
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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
2013
Legal Domicile
TN
Principal Officer
PEG DENSMORE
Phone
7708154519
Tax Period
2023-01-01 to 2023-12-31

AMERICAN ASSOCIATION OF CORPORATE OPTOMETRISTS, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $277K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring.

Mission

The American Association of Corporate Optometrists AACO serves the educational and practice growth needs of its members. Our programs include annual national meetings, See Sched O for Mission Stmt Continuation

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $276,603
Investment Income $0
Other Revenue $0
TOTAL REVENUE $276,603

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,060
Fundraising Expenses $0
Other Expenses $240,893
TOTAL EXPENSES $302,953

Year-over-Year Comparison

2023 2022 Change
Revenue $276,603 $492,398 -0.4%
Expenses $302,953 $501,409 -0.4%
Net Income $-26,350 $-9,011 +1.9%
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

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Governance

Voting Members
11
Independent Members
11
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
4
$0
Total Directors
11
$0
Key Employees
1
$57,200
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PEG DENSMORE EXECUTIVE DIRECTOR 040.00
Key Emp
$57,200 $0 $57,200
CARLA GASPARINI PRESIDENT 004.00
Officer Director
$0 $0 $0
LAUREEN WALDRON VICE PRESIDENT 004.00
Officer Director
$0 $0 $0
DONNA GOUKLER SECRETARY 004.00
Officer Director
$0 $0 $0
ANDRE LENOIR TREASURER 004.00
Officer Director
$0 $0 $0
CARLA LINDSEY DIRECTOR N/A
Director
$0 $0 $0
JOHN WOMACK DIRECTOR N/A
Director
$0 $0 $0
GORDON PENN DIRECTOR N/A
Director
$0 $0 $0
MELONIE CLEMMONS DIRECTOR N/A
Director
$0 $0 $0
JENNIFER BODLEY DIRECTOR N/A
Director
$0 $0 $0
ROBERT HOUGHTELING DIRECTOR N/A
Director
$0 $0 $0
MARK JACKSON DIRECTOR N/A
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 $276,603 $302,953 $42,918 $-26,350
2022 $492,398 $501,409 $64,136 $-9,011
2021 $399,365 $441,969 $62,358 $-42,604
2020 $429,755 $473,405 $104,962 $-43,650
2019 $658,906 $690,947 $148,612 $-32,041
2018 $707,714 $665,604 $180,652 $42,110
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