VIRGINIA OPTOMETRIC ASSOCIATION

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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

1902

Legal Domicile

Principal Officer

JACQUELINE THEIS OD

Phone

8046430309

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA OPTOMETRIC ASSOCIATION, founded in 1902, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 5% surplus.

Mission

TO IMPROVE THE VISION CARE AND HEALTH OF THE PUBLIC AND TO PROMOTE THE ART AND SCIENCE OF THE PROFESSION OF OPTOMETRY.

Program Service Accomplishments

Program 1

THE ASSOCIATION PUBLISHES NEWSLETTERS AND BROCHURES THAT INFORM MEMBERS OF CURRENT ISSUES AFFECTING THE OPTOMETRIC INDUSTRY, AS WELL AS PROVIDING A MEDIUM FOR PRESENTING SERVICES TO THE MEMBERSHIP...

THE ASSOCIATION PUBLISHES NEWSLETTERS AND BROCHURES THAT INFORM MEMBERS OF CURRENT ISSUES AFFECTING THE OPTOMETRIC INDUSTRY, AS WELL AS PROVIDING A MEDIUM FOR PRESENTING SERVICES TO THE MEMBERSHIP. THE ASSOCIATION SERVES 795 MEMBERS. MEETINGS, CONVENTIONS, AND EDUCATION EVENTS ARE HELD TO OFFER CONTINUED EDUCATION FOR LICENSED OPTOMETRISTS IN THE COMMONWEALTH OF VIRGINIA. THESE EDUCATION REQUIREMENTS ARE REQUIRED IN ORDER TO MAINTAIN A LICENSE IN THE COMMONWEALTH OF VIRGINIA.

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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 $45,644

Program Service Revenue $1,325,122

Investment Income $56,067

Other Revenue $2,695

TOTAL REVENUE $1,429,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,354,889

TOTAL EXPENSES $1,354,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,429,528	$1,448,317	0.0%
Expenses	$1,354,889	$1,378,963	0.0%
Net Income	$74,639	$69,354	+0.1%

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

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
GENE SWEETNAM OD	PAST PRESIDE	N/A	Officer	$0	$0	$0
JACQUELINE THEIS OD	PRESIDENT	N/A	Officer	$0	$0	$0
SCOTT MANN	PRESIDENT-EL	N/A	Officer	$0	$0	$0
MANDY PENNINGTON OD	VICE PRESIDE	N/A	Officer	$0	$0	$0
CHRISTINE PASCHAL OD	SECRETARY/TR	N/A	Officer	$0	$0	$0
SUSHIL JAIN	TRUSTEE	N/A	Director	$0	$0	$0
MICHAEL POLO OD	TRUSTEE	N/A	Director	$0	$0	$0
DAVID ROSE OD	TRUSTEE	N/A	Director	$0	$0	$0
LISA WALLACE-DAVIS OD	TRUSTEE	N/A	Director	$0	$0	$0
JOHN DRAGON OD	TRUSTEE	N/A	Director	$0	$0	$0
ANTHONY ZARELLA OD	TRUSTEE	N/A	Director	$0	$0	$0
PATRICK CURRAN	TRUSTEE	N/A	Director	$0	$0	$0
KATHERINE RACHON	TRUSTEE	N/A	Director	$0	$0	$0
KRISTY ROBINSON LEE	TRUSTEE	N/A	Director	$0	$0	$0
BRUCE B KEENEY JR	EXECUTIVE DI	N/A	Officer	$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
2024	$1,429,528	$1,354,889	$2,826,982	$74,639
2023	$1,448,317	$1,378,963	$2,630,113	$69,354
2022	$1,716,720	$1,549,636	$2,438,783	$167,084
2021	$1,430,844	$1,271,423	$2,271,699	$159,421
2020	$1,249,142	$1,051,898	$2,112,278	$197,244
2019	$1,375,783	$1,074,553	$1,915,034	$301,230
2018	$1,432,972	$1,304,383	$1,613,804	$128,589