CONTACT LENS INSTITUTE (EIN 521309154) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

Charissa Lee

Phone

2022235120

Tax Period

2024-01-01 to 2024-12-31

CONTACT LENS INSTITUTE, founded in 1983, is a small nonprofit that reported $964K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

Sponsoring meetings and discussions with the U.S. FDA, the contact lens industry and professional organizations relating to regulations and policies concerning contact lenses and lens care products. Sponsoring research. Disseminating information to eye care practitioners and the general public.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $880,000

Program Service Revenue $46,000

Investment Income $38,240

Other Revenue $0

TOTAL REVENUE $964,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $962,190

Other Expenses $962,190

TOTAL EXPENSES $962,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$964,240	$731,084	+0.3%
Expenses	$962,190	$927,350	+0.0%
Net Income	$2,050	$-196,266	-1.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michele Andrews	Treasurer	001.00	Officer Director	$0	$0	$0
Dr William Reindel	Vice Chair	001.00	Officer Director	$0	$0	$0
Carla Mack	Board Member	001.00	Director	$0	$0	$0
Charissa Lee	Chair	001.00	Officer 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
2025	No data	No data	No data	No data
2024	$964,240	$962,190	$879,471	$2,050
2023	$731,084	$927,350	$877,421	$-196,266
2022	$1,141,276	$850,484	$1,073,687	$290,792
2021	$921,247	$849,702	$782,895	$71,545
2020	$702,059	$908,491	$711,348	$-206,432
2019	$1,142,880	$800,235	$916,781	$342,645
2018	$847,544	$826,954	$575,638	$20,590

CONTACT LENS INSTITUTE