AMERICAN BOARD OF OPTICIANRY AND NATIONAL CONTACT LENS EXAMINERS INC (EIN 521147697) - 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

NICOLE MCGINNIS

Phone

7037195800

Tax Period

2024-07-01 to 2025-06-30

AMERICAN BOARD OF OPTICIANRY AND NATIONAL CONTACT LENS EXAMINERS INC, founded in 1979, is a community nonprofit in the Community Improvement sector that reported $3.3M in total revenue in fiscal year 2017.

Mission

RECOGNIZE QUALIFIED OPHTHALMIC DISPENSERS AT VARIOUS LEVELS OF PROFICIENCY FOR CONSUMERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,068,563

Investment Income $150,731

Other Revenue $32,757

TOTAL REVENUE $3,252,051

Expense Breakdown

Grants Paid $968,488

Salaries & Benefits $803,911

Fundraising Expenses $0

Other Expenses $1,734,549

TOTAL EXPENSES $3,506,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,252,051	$2,976,794	+0.1%
Expenses	$3,506,948	$3,153,098	+0.1%
Net Income	$-254,897	$-176,304	+0.4%

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

$115,933

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRIE LEE YOUNG	CHAIR	2.00	Officer Director	$0	$0	$0
BILL UNDERWOOD	CHAIR	2.00	Officer Director	$0	$0	$0
PHERNELL WALKER	CHAIR-ELECT	2.00	Officer Director	$0	$0	$0
LEDONNA BUCKNER	CHAIR-ELECT	2.00	Officer Director	$0	$0	$0
DOUG PELKEY	TREASURER	2.00	Officer Director	$0	$0	$0
MARY SEGUITI	TREASURER	2.00	Officer Director	$0	$0	$0
PABLO MERCADO	SECRETARY	2.00	Officer Director	$0	$0	$0
LANARD ATKINS	SECRETARY	2.00	Officer Director	$0	$0	$0
CURT DUFF	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
SANDY BROWN	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
BOB REYNOLDS	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE BOURQUE JR	DIRECTOR	2.00	Director	$0	$0	$0
CIRA COLLINS	DIRECTOR	2.00	Director	$0	$0	$0
KELLI KOENIGSBERG	DIRECTOR	2.00	Director	$0	$0	$0
DIANNA FINISECY	DIRECTOR	2.00	Director	$0	$0	$0
BRYAN GOH	DIRECTOR	2.00	Director	$0	$0	$0
TINA PALUMBO	DIRECTOR	2.00	Director	$0	$0	$0
TOM BARRACATO	DIRECTOR	2.00	Director	$0	$0	$0
JANET ACARA	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT SAMPLES	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTIE YEE	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE MCGINNIS	EXECUTIVE DIRECTOR	40.00	Officer	$71,562	$44,371	$115,933
NAOMI MUNDY	DIRECTOR - INDUSTRY RELATIONS, MARKETING & MEMBER	40.00	Highest	$106,254	$40,402	$146,656

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	$3,252,051	$3,506,948	$4,390,522	$-254,897
2024	$2,976,794	$3,153,098	$4,696,826	$-176,304
2023	$2,986,394	$3,277,007	$4,514,576	$-290,613
2022	$2,892,222	$2,650,429	$4,616,468	$241,793
2021	$2,870,970	$2,063,055	$4,919,258	$807,915
2020	$3,488,171	$3,015,100	$3,831,350	$473,071
2019	$3,139,137	$2,967,142	$3,557,282	$171,995
2018	$3,294,176	$3,267,918	$3,268,833	$26,258

AMERICAN BOARD OF OPTICIANRY AND NATIONAL CONTACT LENS EXAMINERS INC