OLD DOMINION EYE FOUNDATION INC (EIN 540699616) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

WILLIAM E PROCTOR

Phone

8045607540

Tax Period

2024-07-01 to 2025-06-30

OLD DOMINION EYE FOUNDATION INC, founded in 1962, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2018. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO SUPPLY HUMAN EYE TISSUE FOR TRANSPLANT/RESEARCH/TEACHING

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $53,102

Program Service Revenue $2,209,538

Investment Income $224,151

Other Revenue $157,015

TOTAL REVENUE $2,643,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,800,435

Fundraising Expenses $0

Program Expenses $2,422,026

Other Expenses $1,098,836

TOTAL EXPENSES $2,899,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,643,806	$2,299,379	+0.1%
Expenses	$2,899,271	$2,837,419	+0.0%
Net Income	$-255,465	$-538,040	-0.5%

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

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

$162,968

Total Directors

$162,968

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM E PROCTOR	EXEC DIRECTO	40.00	Officer Director	$140,577	$22,391	$162,968
BRIAN MONTGOMERY	TECHNICAL DI	40.00	Highest	$124,091	$3,128	$127,219
EMILY CARNES	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS ESTOPINAL	DIRECTOR	1.00	Director	$0	$0	$0
LEIGHANN HOCHSTRASSER	FINANCE CHAI	1.00	Officer Director	$0	$0	$0
MARY JACKSON	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
SHARON JETT	DIRECTOR	1.00	Director	$0	$0	$0
DONNA D BROWN MD	MEDICAL DIRE	1.00	Officer Director	$0	$0	$0
GARTH STEVENS MD	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE SANBORN MD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOSEPH IURNO MD	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE OLSAKOVSKY MD	DIRECTOR	1.00	Director	$0	$0	$0
DR MINESH S PATEL	PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL SMITH PCC	DIRECTOR	1.00	Director	$0	$0	$0
G KENNETH ISAAC JR PCC	DIRECTOR	1.00	Director	$0	$0	$0
PAT ISAAC PCC	DIRECTOR	1.00	Director	$0	$0	$0
RONALD RICE	DIRECTOR	1.00	Director	$0	$0	$0
GAIL GIVLER RN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS J STALLINGS	DIRECTOR	1.00	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	$2,643,806	$2,899,271	$2,959,034	$-255,465
2024	$2,299,379	$2,837,419	$3,309,023	$-538,040
2023	$2,804,480	$2,760,390	$3,914,784	$44,090
2022	$2,344,556	$2,437,875	$3,389,966	$-93,319
2021	$2,022,985	$2,233,328	$3,815,234	$-210,343
2020	$1,814,305	$1,942,251	$3,445,279	$-127,946
2019	$1,844,715	$2,110,691	$3,821,815	$-265,976

OLD DOMINION EYE FOUNDATION INC