MARYLAND OPTOMETRIC ASSOCIATION (EIN 520822684) - 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

1911

Legal Domicile

Principal Officer

JENNIFER COHEN

Phone

4108709662

Tax Period

2024-01-01 to 2024-12-31

MARYLAND OPTOMETRIC ASSOCIATION, founded in 1911, is a small nonprofit that reported $437K in total revenue in fiscal year 2024. Expenses of $416K left a modest 5% surplus.

Mission

EDUCATION & FORUM FOR PROFESSIONAL DEVELOPMENT OF THE OPTOMETRIC PROFESSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $414,243

Investment Income $22,449

Other Revenue $0

TOTAL REVENUE $436,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,626

Fundraising Expenses $0

Program Expenses $149,750

Other Expenses $194,800

TOTAL EXPENSES $416,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$436,692	$410,707	+0.1%
Expenses	$416,426	$354,555	+0.2%
Net Income	$20,266	$56,152	-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

$110,848

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER COHEN	EXECUTIVE DIRECTOR	40.00	Officer	$110,848	$0	$110,848
VICKY WONG OD	PRESIDENT	2.00	Officer	$0	$0	$0
NATALIE SUKONTASUP OD	PRESIDENT - ELECT	2.00	Officer	$0	$0	$0
HEATHER ATCHERSON OD	1ST VICE PRESIDENT	2.00	Officer	$0	$0	$0
SAADIA TARIQ OD	SECRETARY/TREASURER	2.00	Officer	$0	$0	$0
KATHARINE FUNARI OD	2ND VICE PRESIDENT	2.00	Officer	$0	$0	$0
WHITNEY FAHRMAN OD	IMMEDIATE PAST-PRESIDENT	2.00	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	$436,692	$416,426	$1,104,356	$20,266
2023	$410,707	$354,555	$999,035	$56,152
2022	$600,753	$577,568	$855,087	$23,185
2021	$598,925	$567,634	$963,878	$31,291
2020	$483,051	$436,063	$871,437	$46,988
2019	$918,065	$699,256	$794,915	$218,809
2018	$548,340	$528,278	$527,378	$20,062

MARYLAND OPTOMETRIC ASSOCIATION