NATIONAL ASSOCIATION OF OPTOMETRIS… - Form 990 Financial Data

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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

1960

Legal Domicile

Principal Officer

Joseph B Neville

Phone

5136075153

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF OPTOMETRISTS & OPTICIANS INC, founded in 1960, is a small nonprofit that reported $255K in total revenue in fiscal year 2023. Expenses of $226K left a modest 11% surplus.

Mission

CONDUCTS PUBLIC AFFAIRS PROGRAMS OF MUTUAL IMPORTANCE TO MEMBERS; SERVES AS AN ORGANIZATIONAL CENTER FOR SPECIAL PURPOSE PROGRAMS; ACTS AS A CLEARINGHOUSE FOR INFORMATION AFFECTING THE RETAIL OPTICAL INDUSTRY. SUCH INFORMATION INCLUDES NEW PRODUCT LAWS AND REGULATIONS FOR THE RETAIL OPTICAL INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $161,583

THE CONSULTING FEES ARE RELATED TO THE COSTS FOR RETAINING LEGISLATIVE AND REGULATORY MONITORING SERVICES IN SEVERAL STATE JURISDICTIONS. THE MEMBERS OF THE NATIONAL ASSOCIATION OF OPTOMETRISTS &...

THE CONSULTING FEES ARE RELATED TO THE COSTS FOR RETAINING LEGISLATIVE AND REGULATORY MONITORING SERVICES IN SEVERAL STATE JURISDICTIONS. THE MEMBERS OF THE NATIONAL ASSOCIATION OF OPTOMETRISTS & OPTICIANS, INC. ARE SUBJECTED TO SIGNIFICANT NUMBERS OF PROPOSED BILLS AND REGULATIONS WHICH IF ENACTED CAN ADVERSELY IMPACT THE BUSINESS OPERATION OF THE NATIONAL ASSOCIATION OF OPTOMETRISTS & OPTICIANS, INC.

Program 2

Expenses: $39,536

LEGAL FEES TO SEVERAL LAW FIRMS THAT ARE REPRESENTING THE NATIONAL ASSOCIATION OF OPTOMETRISTS & OPTICIANS, INC. IN LEGAL CHALLENGES OPPOSING ANTI-COMPETITIVE REGULATIONS AND REGULATORY MATTERS.

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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 $254,600

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $254,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $225,798

Other Expenses $225,798

TOTAL EXPENSES $225,798

Year-over-Year Comparison

	2023	2022	Change
Revenue	$254,600	$247,500	+0.0%
Expenses	$225,798	$259,109	-0.1%
Net Income	$28,802	$-11,609	-3.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CARL SPEAR	Director	Director	$0	$0	$0
MIKE MOTT	DIRECTOR	Director	$0	$0	$0
PATRICK PHELAN	DIRECTOR	Director	$0	$0	$0
Michael Derenzo	Director/President	Officer Director	$0	$0	$0
Wally Lovejoy	Director	Director	$0	$0	$0
JARED BRANDMAN	Director	Director	$0	$0	$0
Joseph B Neville	SECRETARY/TREASURER	Officer	$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	$254,600	$225,798	$36,035	$28,802
2022	$247,500	$259,109	$7,233	$-11,609
2021	$237,400	$290,308	$18,842	$-52,908
2020	$235,000	$247,723	$71,750	$-12,723
2019	$235,500	$221,906	$84,473	$13,594
2018	$222,000	$218,520	$70,879	$3,480

NATIONAL ASSOCIATION OF OPTOMETRISTS & OPTICIANS INC