VIRGINIA OPTOMETRIC ASSOCIATION

EIN: 540509466 Community Improvement

HENRICO, VA

Total Revenue
$1,429,528
Total Expenses
$1,354,889
Total Assets
$2,826,982
Net Assets
$2,826,982
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1902
Legal Domicile
VA
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 2018. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 9% surplus.

Mission

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

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
32

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
6
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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