WORLD COUNCIL OF OPTOMETRY INC

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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

2015

Principal Officer

SANDRA BLOCK

Phone

3149834197

Tax Period

2023-01-01 to 2023-12-31

WORLD COUNCIL OF OPTOMETRY INC, founded in 2015, is a small nonprofit that reported $654K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $988K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO FACILITATE THE DEVELOPMENT OF OPTOMETRY AROUND THE WORLD AND SUPPORT OPTOMETRISTS IN PROMOTING EYE HEALTH AND VISION CARE AS A HUMAN RIGHT THROUGH ADVOCACY, EDUCATION, POLICY DEVELOPMENT AND HUMANITARIAN OUTREACH.

Program Service Accomplishments

Program 1

WORKED TO RAISE AWARENESS GLOBALLY AND PROVIDE RESOURCES TO ENABLE OPTOMETRISTS TO APPLY A STANDARD OF CARE TO THE MANAGEMENT OF MYOPIA, AND DEVELOPED AND LAUNCHED THE MYOPIA MANAGEMENT MICROSITE...

WORKED TO RAISE AWARENESS GLOBALLY AND PROVIDE RESOURCES TO ENABLE OPTOMETRISTS TO APPLY A STANDARD OF CARE TO THE MANAGEMENT OF MYOPIA, AND DEVELOPED AND LAUNCHED THE MYOPIA MANAGEMENT MICROSITE INCLUDING MYOPIA MOMENT INFOGRAPHICS ON MITIGATION, MEASUREMENT AND MANAGEMENT FOR USE BY PRACTITIONERS AROUND THE GLOBE. WORKED TO FORM A GLOBAL, EVIDENCE-BASED DRY EYE DISEASE EDUCATION INITIATIVE DESIGNED TO RAISE OPTOMETRISTS' UNDERSTANDING OF DRY EYE ETIOLOGY AND PREVALENCE, DIAGNOSIS, AND PRACTICAL MANAGEMENT. OFFERED LEADERSHIP COURSE ANNUALLY WITH REPRESENTATION FROM ALL 6 WCO REGIONS ENABLING 18-25 PARTICIPANTS TO ACQUIRE LEADERSHIP AND ADVOCACY TOOLS TO ENABLE THEM TO EFFECT CHANGE AT BOTH POLICY AND PRACTICE LEVELS.

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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 $41,860

Program Service Revenue $548,161

Investment Income $25

Other Revenue $63,489

TOTAL REVENUE $653,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,660

Fundraising Expenses $0

Other Expenses $792,813

TOTAL EXPENSES $988,473

Year-over-Year Comparison

	2023	2022	Change
Revenue	$653,535	$1,234,511	-0.5%
Expenses	$988,473	$801,936	+0.2%
Net Income	$-334,938	$432,575	-1.8%

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

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

$89,450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALYSSA CALLAGHAN	MANAGING DIR	40.00	Officer	$89,450	$0	$89,450
AMEER ABOU ADELA	GEOGRAPHIC R	0.75	Director	$0	$0	$0
SANDRA BLOCK	PRESIDENT	0.75	Director	$0	$0	$0
ARMIN DUDDEK	WOF PRESIDEN	0.75	Director	$0	$0	$0
YAZAN GAMMOH	EDUCATION CH	0.75	Director	$0	$0	$0
PETER GUMPELMAYER	GEOGRAPHIC R	0.75	Director	$0	$0	$0
PETER HENDICOTT	PRESIDENT -	0.75	Director	$0	$0	$0
ROGER JORDAN	LEGISLATION,	0.75	Director	$0	$0	$0
PATRICK MAWILA	GEOGRAPHIC R	0.75	Director	$0	$0	$0
MICHELE MING	GEOGRAPHIC R	0.75	Director	$0	$0	$0
PRIYA MORJARIA	PUBLIC HEALT	0.75	Director	$0	$0	$0
MICHAEL NELSON	GEOGRAPHIC R	0.75	Director	$0	$0	$0
CURTIS ONO	IN-KIND ASSO	0.75	Director	$0	$0	$0
RAJEEV PRASAD	GEOGRAPHIC R	0.75	Director	$0	$0	$0
CINDY THOMANS	PRESIDENT -	0.75	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	$653,535	$988,473	$511,928	$-334,938
2022	$1,234,511	$801,936	$1,656,329	$432,575
2021	$469,665	$557,865	$1,221,688	$-88,200
2020	$410,956	$391,104	$1,057,371	$19,852