THE ARVO FOUNDATION FOR EYE RESEARCH INC

EIN: 522322462 501(c)(3) Medical Research

Gaithersburg, MD

Total Revenue
$1,826,745
Total Expenses
$1,434,632
Total Assets
$10,583,182
Net Assets
$8,664,056
🔒

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
2001
Legal Domicile
MD
Principal Officer
Jason Spessard
Phone
2402212900
Tax Period
2025-01-01 to 2025-12-31

THE ARVO FOUNDATION FOR EYE RESEARCH INC, founded in 2001, is a community nonprofit in the Medical Research sector that reported $1.8M in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $392K, a strong 21% operating margin.

Mission

Our mission is to serve as a global catalyst for innovation, workforce development and collaboration in the field of vision research.

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $1,365,161
Program Service Revenue $0
Investment Income $498,235
Other Revenue $-36,651
TOTAL REVENUE $1,826,745

Expense Breakdown

Grants Paid $796,243
Salaries & Benefits $250,207
Fundraising Expenses $72,627
Program Expenses $1,099,779
Other Expenses $388,182
TOTAL EXPENSES $1,434,632

Year-over-Year Comparison

2025 2024 Change
Revenue $1,826,745 $1,607,205 +0.1%
Expenses $1,434,632 $1,244,107 +0.2%
Net Income $392,113 $363,098 +0.1%
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
10
Independent Members
10
Employees
N/A
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
$729,475
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IRIS M RUSH CAE EXECUTIVE DIRECTOR 3
Officer
$0 $39,502 $426,747
JASON SPESSARD CAE CHIEF OPERATING & FINANCIAL OFFICER 5
Officer
$0 $25,327 $302,728
RAFAL FARJO PHD FARVO CHAIR 3
Officer Director
$0 $0 $0
ALAN MORSE JD PHD GOVERNOR 1
Director
$0 $0 $0
EMILY CHEW MD FARVO GOVERNOR 1
Director
$0 $0 $0
MARY ELIZABETH HARTNETT MD FARVO GOVERNOR 1
Director
$0 $0 $0
RENU KOWLURU PHD FARVO GOVERNOR 1
Director
$0 $0 $0
BARBARA WIROSTKO MD FARVO CHAIR-ELECT 3
Officer Director
$0 $0 $0
WILLIAM MIELER MD FARVO FACS TREASURER 3
Officer Director
$0 $0 $0
CHERYL ROWE-RENDLEMAN PHD FARVO GOVERNOR 1
Director
$0 $0 $0
JACOB PE'ER MD FARVO GOVERNOR 1
Director
$0 $0 $0
HAOTIAN LIN MD PHD GOVERNOR 1
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 $1,826,745 $1,434,632 $10,583,182 $392,113
2024 $1,607,205 $1,244,107 $8,983,290 $363,098
2023 $997,892 $1,136,082 $7,780,487 $-138,190
2022 $1,386,993 $1,173,015 $7,098,824 $213,978
2021 $1,963,913 $991,335 $8,550,005 $972,578
2020 $1,917,057 $708,685 $6,176,700 $1,208,372
2019 $1,389,771 $916,480 $4,806,686 $473,291
2018 $2,121,777 $819,668 $3,779,374 $1,302,109
Explore More Nonprofits
→Top 100 Nonprofits in Maryland →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE ARVO FOUNDATION FOR EYE RESEARCH INC with other nonprofits in Maryland and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.