ARMED FORCES OPTOMETRIC SOCIETY

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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

1970

Legal Domicile

Principal Officer

Dr H Lindsay Wright

Phone

7204428209

Tax Period

2022-01-01 to 2022-12-31

ARMED FORCES OPTOMETRIC SOCIETY, founded in 1970, is a small nonprofit that reported $353K in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

The Armed Forces Optometric Society AFOS is the AOA Affiliate for all Federal services optometrists. Our members include those serving in the US military Air Force Army and Navy and their reserve components Veterans Administration Public Health Service and Indian Health Service as well as various other governmental entities.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

AFOS provides two national meetings each year for our member doctors. These national meetings provide essential continuing education that is required for military or federal service optometrists. In addition these meetings provide a forum for key suppliers to exhibit and display the lates ophthalmic technology to our members. This enables each member to have exposure to the leading edge instrumentation which will assist their unit command in selecting the appropriate equipment to deliver the best eye care for military personnel and military veterans across the nation.

Program 2

Expenses: $0 Revenue: $0

AFOS monitors all federal guidelines rules and regulations that affect optometrists who serve in the military VA and the federal government and communicates this information to our member doctors...

AFOS monitors all federal guidelines rules and regulations that affect optometrists who serve in the military VA and the federal government and communicates this information to our member doctors through various means of communication.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $351,920

Investment Income $649

Other Revenue $0

TOTAL REVENUE $352,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,912

Fundraising Expenses $0

Program Expenses $0

Other Expenses $186,907

TOTAL EXPENSES $368,819

Year-over-Year Comparison

	2022	2021	Change
Revenue	$352,569	$326,032	+0.1%
Expenses	$368,819	$350,114	+0.1%
Net Income	$-16,250	$-24,082	-0.3%

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

Total Directors

Key Employees

$135,640

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
H Lindsay Wright	Executive Director	40.00	Key Emp	$121,716	$13,924	$135,640
Dr Emily Sprague	Past President	0.10	Director	$0	$0	$0
Dr Justin Sandholm	President Elect	0.10	Director	$0	$0	$0
Dr Greg Smith	President	0.10	Director	$0	$0	$0
Dr Meghan Elkins	Vice President	0.10	Director	$0	$0	$0
Dr Paula Johns	Secretary-Treasurer	0.10	Director	$0	$0	$0
Dr Christopher Alferez	Board Member	0.10	Director	$0	$0	$0
Dr Jason Christman	Board Member	0.10	Director	$0	$0	$0
Dr Sara Bustamante	Board Member	0.10	Director	$0	$0	$0
Dr Adam Preston	Board Member	0.10	Director	$0	$0	$0
Dr Loralie Hodges	Board Member	0.10	Director	$0	$0	$0
Dr Bryan Sixkiller	Board Member	0.10	Director	$0	$0	$0
Dr Brian Williams	Board Member	0.10	Director	$0	$0	$0
Dr Sean Dempsey	Board Member	0.10	Director	$0	$0	$0
Dr Laura Alexander	Board Member	0.10	Director	$0	$0	$0
Dr Kyle Smith	Board Member	0.10	Director	$0	$0	$0
Dr Hanna Fylpaa	Board Member	0.10	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
2023	No data	No data	No data	No data
2022	$352,569	$368,819	$123,925	$-16,250
2021	$326,032	$350,114	$140,516	$-24,082
2020	$331,113	$339,305	$164,598	$-8,192
2019	$430,385	$455,563	$172,187	$-25,178
2018	$299,985	$361,901	$231,908	$-61,916
2017	$301,296	$323,144	$243,909	$-21,848