RETINA FOUNDATION OF THE SOUTHWEST (EIN 510151514) - 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

1975

Legal Domicile

Principal Officer

NAOMI EMMETT

Phone

2143633911

Tax Period

2023-01-01 to 2023-12-31

RETINA FOUNDATION OF THE SOUTHWEST, founded in 1975, is a community nonprofit in the Medical Research sector that reported $7.8M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

THE FOUNDATION WAS ORGANIZED TO PROMOTE THE RESEARCH, DIAGNOSIS, TREATMENT AND EDUCATION OF THE LEADING CAUSES OF BLINDNESS AND IMPAIRED VISION. THE FOUNDATION ALSO STRIVES TO INCREASE THE UNDERSTANDING OF THE NORMAL DEVELOPMENT AND FUNCTION OF THE VISUAL SYSTEM IN ORDER TO PREVENT, DIAGNOSE AND TREAT SIGHT-THREATENING CONDITIONS, AND TO ENHANCE THE REHABILITATION, TRAINING AND QUALITY OF LIFE OF INDIVIDUALS WHO ARE PARTIALLY SIGHTED OR BLIND.

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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 $7,603,799

Program Service Revenue $0

Investment Income $322,832

Other Revenue $-80,221

TOTAL REVENUE $7,846,410

Expense Breakdown

Grants Paid $1,764,989

Salaries & Benefits $4,015,818

Fundraising Expenses $771,539

Program Expenses $6,205,219

Other Expenses $2,020,394

TOTAL EXPENSES $7,801,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,846,410	$5,584,764	+0.4%
Expenses	$7,801,201	$5,481,987	+0.4%
Net Income	$45,209	$102,777	-0.6%

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

$625,729

Total Directors

Key Employees

$663,285

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAJIV ANAND MD	DIRECTOR	1.00	Director	$0	$0	$0
DIANE BODDY	DIRECTOR	1.00	Director	$0	$0	$0
MEHMET CANDAS PHD	DIRECTOR	1.00	Director	$0	$0	$0
ALEX M CENA	DIRECTOR	1.00	Director	$0	$0	$0
LORI DAO MD	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE DOTTER CPA	DIRECTOR	1.00	Director	$0	$0	$0
REHAM EL-SHERAZI CPA	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM L HUTTON MD	DIRECTOR	1.00	Director	$0	$0	$0
MARC H KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD A MASSMAN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES H MERRITT MD	DIRECTOR	1.00	Director	$0	$0	$0
MICKEY MUNIR	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN J PULLIAM	DIRECTOR	1.00	Director	$0	$0	$0
THERESE ROURK	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SCHAAR PHD	DIRECTOR	1.00	Director	$0	$0	$0
TIA S TOMLIN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN EISNAUGLE	TREASURER	1.00	Officer Director	$0	$0	$0
LOUIS GRABOWSKY	CHAIR	1.00	Officer Director	$0	$0	$0
NANCY ROGERS	SECRETARY	1.00	Officer Director	$0	$0	$0
KARL CSAKY	CHIEF EXECUTIVE AND MEDICAL OFFICER	29.00	Officer	$429,467	$16,736	$446,203
NATALIE GILBERT	FINANCE DIRECTOR	39.00	Officer	$133,512	$16,084	$149,596
NAOMI EMMETT	CFO/CBO	40.00	Officer	$29,158	$772	$29,930
DAVID BIRCH	SCIENTIFIC DIRECTOR	40.00	Key Emp	$310,322	$24,915	$335,237
EILEEN BIRCH	PEDIATRIC DIRECTOR	40.00	Key Emp	$303,475	$24,573	$328,048
AMY JOHNSON	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$184,713	$18,639	$203,352
CINDY BAILLIE	OPERATIONS MANAGER	40.00	Highest	$125,926	$15,704	$141,630
KIRSTEN LOCKE	CLINICAL TRIALS MANAGER	40.00	Highest	$114,390	$15,118	$129,508
SRINIVASA SRIPATHI	LAB DIRECTOR	36.00	Highest	$111,178	$16,769	$127,947

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	$7,846,410	$7,801,201	$13,241,837	$45,209
2022	$5,584,764	$5,481,987	$13,298,686	$102,777
2021	$5,235,992	$15,328,314	$12,529,577	$-10,092,322
2020	$6,548,229	$4,762,788	$22,458,102	$1,785,441
2019	$5,685,137	$4,481,395	$21,190,220	$1,203,742
2018	$5,241,915	$4,262,372	$18,720,168	$979,543

RETINA FOUNDATION OF THE SOUTHWEST