MARYLAND SOCIETY FOR SIGHT INC C/O JOANNE WAELTERMANN

EIN: 520591662 501(c)(3)

GLYNDON, MD

Total Revenue
$246,504
Total Expenses
$536,619
Total Assets
N/A
Net Assets
N/A
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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
1909
Legal Domicile
MD
Principal Officer
JOANNE WAELTERMANN
Phone
4102996564
Tax Period
2019-07-01 to 2020-06-30

MARYLAND SOCIETY FOR SIGHT INC C/O JOANNE WAELTERMANN, founded in 1909, is a small nonprofit that reported $247K in total revenue in fiscal year 2019. Revenue surged 260% from the prior year, signaling strong growth momentum. Expenses of $537K exceeded revenue, resulting in a 118% operating deficit.

Mission

TO PREVENT BLINDNESS IN INDIVIDUALS THROUGH EARLY DETECTION & TREATMENT. PROGRAMS FOCUS ON CHILDREN, ELDERLY, AND THE HOMELESS

Program Service Accomplishments

Program 1
Expenses: $415,964

PREVENTION OF BLINDNESS, PRESCHOOL SCREENING OF CHILDREN, EYECARE FOR THE HOMELESS, ADULT SCREENINGS, AND OTHERS. AS THE ORGANIZATION IS TERMINATING, ALL ASSETS OF THE ORGANIZATION UPON DISSOLUTION...

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PREVENTION OF BLINDNESS, PRESCHOOL SCREENING OF CHILDREN, EYECARE FOR THE HOMELESS, ADULT SCREENINGS, AND OTHERS. AS THE ORGANIZATION IS TERMINATING, ALL ASSETS OF THE ORGANIZATION UPON DISSOLUTION WERE DISTRIBUTED TO THE MARYLAND SCHOOL FOR THE BLIND (SEE SCHEDULE N)

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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 (2019)

Revenue Breakdown

Contributions & Grants $4,454
Program Service Revenue $0
Investment Income $242,050
Other Revenue $0
TOTAL REVENUE $246,504

Expense Breakdown

Grants Paid $0
Salaries & Benefits $69,833
Fundraising Expenses $0
Program Expenses $415,964
Other Expenses $466,786
TOTAL EXPENSES $536,619

Year-over-Year Comparison

2019 2018 Change
Revenue $246,504 $68,427 +2.6%
Expenses $536,619 $119,503 +3.5%
Net Income $-290,115 $-51,076 +4.7%
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
9
Independent Members
9
Employees
4
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
3
$25,223
Total Directors
9
$25,223
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN MOSCAREILLO EXEC. DIRECTOR 40.00
Officer Director
$25,223 $0 $25,223
SAMUEL BOLES MD DIRECTOR 0.00
Director
$0 $0 $0
MARY LOUISE COLLINS MD DIRECTOR 0.00
Director
$0 $0 $0
MICHELLE GELKIN MD DIRECTOR 0.00
Director
$0 $0 $0
ELIZABETH MCGINN OD CHAIRMAN 0.00
Officer Director
$0 $0 $0
MICHAEL SLESS OD SECRETARY 0.00
Officer Director
$0 $0 $0
DANIEL STOLTZE OD DIRECTOR 0.00
Director
$0 $0 $0
CHRISTOPHER TRAPANI DIRECTOR 0.00
Director
$0 $0 $0
JOANNE WAELTERMANN MD DIRECTOR 0.00
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
2020 $246,504 $536,619 No data $-290,115
2019 $68,427 $119,503 $377,691 $-51,076
2018 $92,527 $127,017 $441,835 $-34,490
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