Virginia Lions Eye Institute Foundation Inc (EIN 510245834) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

Edward L Woodard

Tax Period

2023-07-01 to 2024-06-30

VIRGINIA LIONS EYE INSTITUTE FOUNDATION INC, founded in 1979, is a small nonprofit that reported $158K in total revenue in fiscal year 2017. Expenses of $178K exceeded revenue, resulting in a 12% operating deficit.

Mission

Support indigent eye clinic which provides medical eye services, surgical eye services, and prescriptions for glasses. Fund low vision centers. Provide educational grants to the visually handicapped. Support related existing educational programs. Support eye research.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,671

Program Service Revenue $0

Investment Income $48,753

Other Revenue $0

TOTAL REVENUE $70,424

Expense Breakdown

Grants Paid $115,145

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $116,565

Other Expenses $13,752

TOTAL EXPENSES $128,897

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,424	$89,637	-0.2%
Expenses	$128,897	$122,705	+0.1%
Net Income	$-58,473	$-33,068	+0.8%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Falls MD	Medical rep	1.00	Director	$0	$0	$0
Don Bradley	Director NE Region Zone E re	1.00	Director	$0	$0	$0
Ralph Thompson	Director NE Region Zone E re	1.00	Director	$0	$0	$0
Suleiman Alibhai OD	Medical rep	1.00	Director	$0	$0	$0
William Moss MD	Medical rep	1.00	Director	$0	$0	$0
Dan Visone	Vice dist governor	1.00	Director	$0	$0	$0
Donalda Lovelace	District governor	1.00	Director	$0	$0	$0
Charles Schwab	Vice dist governor effec 71	1.00	Director	$0	$0	$0
Wilma Murphy	Director SE Region Zone H re	1.00	Director	$0	$0	$0
Alex Melamud MD	Medical rep	1.00	Director	$0	$0	$0
Joel Kendall	DirectorBlueridge RegionZone	1.00	Director	$0	$0	$0
Glen Logan	DirectorNE Region Zone B rep	1.00	Director	$0	$0	$0
Caren Forsten	Exec Director Prev of Blind	1.00	Director	$0	$0	$0
Katie Coyle	INOVA rep	1.00	Director	$0	$0	$0
Joseph R Volpe	Vice presNE Region Zone E r	1.00	Officer Director	$0	$0	$0
Harry Parker	Vice pres effec 7124direct	1.00	Officer Director	$0	$0	$0
Edward L Woodard	PresidentNE Region Zone C re	8.00	Officer Director	$0	$0	$0
Sheryl Bass	Treasurer effec 712024dire	1.00	Officer Director	$0	$0	$0
Shirley Gorospe	SecretaryNE Region Zone C re	2.00	Officer Director	$0	$0	$0
Sally B Kenavan	Director SE Region Zone I rep	2.00	Officer 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
2025	No data	No data	No data	No data
2024	$70,424	$128,897	$959,394	$-58,473
2023	$89,636	$122,704	$1,017,867	$-33,068
2022	$92,705	$174,532	$1,050,935	$-81,827
2021	$135,214	$226,054	$1,132,762	$-90,840
2020	$66,712	$205,463	$1,223,602	$-138,751
2019	$103,268	$100,196	$1,362,353	$3,072
2018	$158,205	$177,927	$1,359,281	$-19,722

Virginia Lions Eye Institute Foundation Inc