AMERICAN BOARD OF OPTICIANRY AND NATIONAL CONTACT LENS EXAMINERS INC

EIN: 521147697 Community Improvement

LEXINGTON, KY

Total Revenue
$3,252,051
Total Expenses
$3,506,948
Total Assets
$4,390,522
Net Assets
$3,643,164
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
DC
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 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

AMERICAN BOARD OF OPTICIANRY AND NATIONAL CONTACT LENS EXAMINERS, INC.'S (ABO-NCLE) MISSION IS TO IDENTIFY QUALIFIED OPHTHALMIC PROVIDERS BY EXAMINATION AND CONTINUING EDUCATION, AND TO ENCOURAGE AND SUPPORT THE PROFESSION THROUGH GROWTH OF OPHTHALMIC SKILLS AND ABILITIES.

Program Service Accomplishments

Program 1

EXAMINATIONS: ABO & NCLE DEVELOPS, MAINTAINS, AND ADMINISTERS NATIONAL CERTIFICATION EXAMINATIONS AND ADVANCED/MASTER-LEVEL CREDENTIALING PROGRAMS IN OPTICIANRY AND CONTACT LENS TECHNOLOGY TO ASSESS...

Read more

EXAMINATIONS: ABO & NCLE DEVELOPS, MAINTAINS, AND ADMINISTERS NATIONAL CERTIFICATION EXAMINATIONS AND ADVANCED/MASTER-LEVEL CREDENTIALING PROGRAMS IN OPTICIANRY AND CONTACT LENS TECHNOLOGY TO ASSESS AND VALIDATE MINIMUM COMPETENCY FOR PROFESSIONAL PRACTICE. THE ORGANIZATION ALSO ESTABLISHES CONTINUING EDUCATION REQUIREMENTS FOR RENEWAL AND RECERTIFICATION AND WORKS WITH STATE LICENSING BOARDS TO SUPPORT LICENSURE STANDARDS AND PUBLIC PROTECTION ACROSS THE UNITED STATES.

Program 2

CERTIFICATION & CONTINUING EDUCATION: ABO & NCLE ADMINISTERS RECERTIFICATION BY REVIEWING AND APPROVING CONTINUING EDUCATION, MAINTAINING RECORDS OF EDUCATION AND CERTIFICATION ELIGIBILITY, RENEWING...

Read more

CERTIFICATION & CONTINUING EDUCATION: ABO & NCLE ADMINISTERS RECERTIFICATION BY REVIEWING AND APPROVING CONTINUING EDUCATION, MAINTAINING RECORDS OF EDUCATION AND CERTIFICATION ELIGIBILITY, RENEWING CERTIFICATION FOR QUALIFIED INDIVIDUALS, AND PROVIDING OFFICIAL CERTIFICATION RECORDS AND VERIFICATION OF CERTIFICATION STATUS. THESE ACTIVITIES SUPPORT ONGOING PROFESSIONAL COMPETENCY AND HELP ENSURE CERTIFICANTS REMAIN CURRENT IN THE FIELD. ABO & NCLE REVIEWS AND APPROVES CONTINUING EDUCATION COURSES AND PROVIDERS, MAINTAINS RECORDS OF APPROVED COURSEWORK AND CERTIFICANT COMPLIANCE, AND ADMINISTERS CONTINUING EDUCATION REQUIREMENTS FOR RENEWAL AND RECERTIFICATION. THESE ACTIVITIES SUPPORT ONGOING PROFESSIONAL COMPETENCY AND HELP ENSURE CERTIFICANTS REMAIN CURRENT IN THE FIELD.

Program 3

AWARENESS AND OUTREACH - ABO & NCLE'S AWARENESS AND OUTREACH PROGRAM INCLUDES PARTICIPATION IN PROFESSIONAL CONFERENCES, LICENSING BOARD MEETINGS, AND INDUSTRY EVENTS TO PROMOTE CERTIFICATION...

Read more

AWARENESS AND OUTREACH - ABO & NCLE'S AWARENESS AND OUTREACH PROGRAM INCLUDES PARTICIPATION IN PROFESSIONAL CONFERENCES, LICENSING BOARD MEETINGS, AND INDUSTRY EVENTS TO PROMOTE CERTIFICATION, CONTINUING EDUCATION, AND PROFESSIONAL COMPETENCY IN OPTICIANRY AND CONTACT LENSES. PROGRAM ACTIVITIES IN 2025 ALSO INCLUDED MISSION-RELATED SUPPORT FOR OUTREACH INITIATIVES ALIGNED WITH THE ORGANIZATION'S STRATEGIC OBJECTIVES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
21
Independent Members
21
Employees
11
Volunteers
21

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
9
$115,933
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
1
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
Explore More Nonprofits
Top 100 Nonprofits in Kentucky Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare AMERICAN BOARD OF OPTICIANRY AND NATIONAL CONTACT LENS EXAMINERS INC with other nonprofits in Kentucky and across the country.