WASHINGTON NATIONAL EYE CENTER INC

EIN: 521325467 501(c)(3)

WASHINGTON, DC

Total Revenue
$1,599,244
Total Expenses
$1,566,990
Total Assets
$1,248,645
Net Assets
$1,239,871
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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
1983
Legal Domicile
DC
Principal Officer
PENELOPE HELFGOTT
Phone
2028775329
Tax Period
2023-07-01 to 2024-06-30

WASHINGTON NATIONAL EYE CENTER INC, founded in 1983, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023.

Mission

PROVIDE THE BEST POSSIBLE EYE CARE TO MEMBERS OF OUR COMMUNITY. EDUCATE OUR RESIDENTS ON THE HIGHEST STANDARDS OF EXCELLENCE IN CARE IN OPHTHALMOLOGY TODAY. EXPLORE AND DISSEMINATE NEW DISCOVERIES AND TECHNIQUES THAT WILL ENCOURAGE THE BEST POSSIBLE CARE FOR OURS AND FUTURE GENERATIONS OF PATIENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $221,501
Program Service Revenue $1,377,010
Investment Income $733
Other Revenue $0
TOTAL REVENUE $1,599,244

Expense Breakdown

Grants Paid $0
Salaries & Benefits $487,746
Fundraising Expenses $0
Program Expenses $1,476,014
Other Expenses $1,079,244
TOTAL EXPENSES $1,566,990

Year-over-Year Comparison

2023 2022 Change
Revenue $1,599,244 $1,644,834 0.0%
Expenses $1,566,990 $1,726,469 -0.1%
Net Income $32,254 $-81,635 -1.4%
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

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Governance

Voting Members
12
Independent Members
7
Employees
8
Volunteers
50

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
5
$246,558
Total Directors
12
$363,564
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAXWELL HELFGOTT MD CHAIRMAN N/A
Officer Director
$6,500 $0 $6,500
JAY LUSTIBADER MD PRESIDENT N/A
Officer Director
$1,000 $0 $1,000
ANDREW ADELSON MD VICE PRESIDE N/A
Officer Director
$4,845 $0 $4,845
PENELOPE HELFGOTT SECRETARY 40.00
Officer Director
$139,973 $17,140 $157,113
STACY BANG MD TREASURER N/A
Officer Director
$77,100 $0 $77,100
LINDSAY DAWSON MD AT LARGE N/A
Director
$500 $0 $500
REENA GARG MD AT LARGE N/A
Director
$4,000 $0 $4,000
ROSAN CHOI MD AT LARGE N/A
Director
$103,506 $0 $103,506
AISHA MACEDO MD AT LARGE N/A
Director
$0 $0 $0
MARIAM MATHAI MD AT LARGE N/A
Director
$0 $0 $0
MEGHAN MOROUX MD AT LARGE N/A
Director
$9,000 $0 $9,000
DEBORAH REID MD AT LARGE N/A
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 $1,599,244 $1,566,990 $1,248,645 $32,254
2023 $1,644,834 $1,726,469 $910,802 $-81,635
2022 $1,424,341 $1,361,100 $987,375 $63,241
2021 $949,097 $504,894 $922,683 $444,203
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