WASHINGTON NATIONAL EYE CENTER FOUNDATION (EIN 521470885) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

PENELOPE HELFGOTT

Phone

2028773937

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON NATIONAL EYE CENTER FOUNDATION is a micro nonprofit that reported $22K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $11K, a strong 49% operating margin.

Mission

THE WASHINGTON NATIONAL EYE CENTER FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT FOR THE WASHINGTON NATIONAL EYE CENTER, INC., A NON- PROFIT CORPORATION ORGANIZED IN WASHINTON, DC. FOUNDATION RESOURCES ARE DEVOTED PROVIDING HIGH QUALITY MEDICAL CARE, EXCELLENT TRAINING OF OPHTHALMOLOGY RESIDENTS AND FELLOWS, AND SERVICE TO THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $22,431

Other Revenue $0

TOTAL REVENUE $22,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $11,525

TOTAL EXPENSES $11,525

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,431	$20,685	+0.1%
Expenses	$11,525	$5,800	+1.0%
Net Income	$10,906	$14,885	-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

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
MAXWELL HELFGOTT MD	CHAIRMAN	N/A	Officer Director	$0	$0	$0
ANDREW ADELSON MD	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
ANNA PARK MD	PRESIDENT	N/A	Officer Director	$0	$0	$0
JACQUELYN WEBER MD	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
PENELOPE HELFGOTT	SECRETARY	N/A	Officer	$0	$0	$0
STACY BANG MD	TREASURER	N/A		$0	$0	$0
FRANK ASHBURN III MD	AT LARGE	N/A	Director	$0	$0	$0
ROSAN CHOI MD	AT LARGE	N/A	Director	$0	$0	$0
LINDSAY DAWSON MD	AT LARGE	N/A	Director	$0	$0	$0
NARIMAN NIK MD	AT LARGE	N/A	Director	$0	$0	$0
DEBORAH REID MD	AT LARGE	N/A	Director	$0	$0	$0
MICHAEL BAUM MD	AT LARGE	N/A	Director	$0	$0	$0
MARIAM MATHAI MD	AT LARGE	N/A	Director	$0	$0	$0
REENA GARG MD	AT LARGE	N/A	Director	$0	$0	$0
ERIC FLEISCHER MD	AT LARGE	N/A	Director	$0	$0	$0
REGINALD BARNES MD	AT LARGE	N/A	Director	$0	$0	$0
REGINALD SANDERS 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	$22,431	$11,525	$419,073	$10,906
2024	$20,685	$5,800	$408,167	$14,885
2023	$-10,329	$6,623	$393,282	$-16,952
2022	No data	No data	$597,393	No data
2021	No data	$6,808	$379,511	No data
2020	No data	$6,808	$386,320	No data

WASHINGTON NATIONAL EYE CENTER FOUNDATION