LIONS MEDICAL EYE BANK & RESEARCH … - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

DAVID KORROCH

Phone

7573882748

Tax Period

2024-07-01 to 2025-06-30

LIONS MEDICAL EYE BANK & RESEARCH CENTER OF EASTERN VIRGINIA INC, founded in 1979, is a community nonprofit in the Diseases & Disorders sector that reported $2.7M in total revenue in fiscal year 2024.

Mission

THE LIONS MEDICAL EYE BANK & RESEARCH CENTER OF EASTERN VIRGINIA PROVIDES PEOPLE THE OPPORTUNITY TO DONATE OCULAR TISSUE, HEALTH CARE PROFESSIONALS THE MEANS TO END BLINDNESS AND PATIENTS THE HOPE OF CLEARLY SEEING FORM, COLOR AND MOTION.

Program Service Accomplishments

Program 1

Expenses: $2,042,618 Revenue: $2,191,369

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE SAFE, QUALITY OCULAR TISSUE TO HEALTH CARE PROFESSIONALS FOR RESTORATION OF SIGHT THROUGH TRANSPLANTATION AND RESEARCH. TISSUE IS DONATED TO THE...

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE SAFE, QUALITY OCULAR TISSUE TO HEALTH CARE PROFESSIONALS FOR RESTORATION OF SIGHT THROUGH TRANSPLANTATION AND RESEARCH. TISSUE IS DONATED TO THE ORGANIZATION AND PROCESSED, EVALUATED AND DISTRIBUTED PURSUANT TO GUIDELINES ISSUED BY THE FDA, EBAA AND OTHER REGULATORY BODIES. THESE FUNCTIONS INCLUDE, BUT ARE NOT LIMITED TO, DONOR ELIGIBILITY DETERMINATION, TISSUE EVALUATION, STORAGE AND DISTRIBUTION. THE EYE BANK PROVIDED 882 TISSUES FOR TRANSPLANTATION/IMPLANT AND 134 TISSUES FOR RESEARCH AND EDUCATION FOR THE PAST FISCAL YEAR.

Program 2

Expenses: $226,958 Revenue: $243,485

THE ORGANIZATION PROMOTES OCULAR TISSUE DONATION THROUGH PUBLIC AND PROFESSIONAL EDUCATION. THE EYE BANK CONDUCTED HUNDREDS OF PROFESSIONAL IN-SERVICES AND LECTURES TO PUBLIC AND PROFESSIONAL...

THE ORGANIZATION PROMOTES OCULAR TISSUE DONATION THROUGH PUBLIC AND PROFESSIONAL EDUCATION. THE EYE BANK CONDUCTED HUNDREDS OF PROFESSIONAL IN-SERVICES AND LECTURES TO PUBLIC AND PROFESSIONAL ORGANIZATIONS, TO PROMOTE EYE DONATION. THROUGHOUT THE YEAR THE EYE BANK CONTINUES TO BE A MODEL FOR US AND INTERNATIONAL EYE BANK FACILITIES. RESEARCH, SUCH AS EXAMINING AND PUBLISHING THE IMPACT OF COVID-19 ON THE EYE BANKING PROFESSION IS ONGOING.

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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 $29,164

Program Service Revenue $2,426,910

Investment Income $271,108

Other Revenue $7,944

TOTAL REVENUE $2,735,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,400,784

Fundraising Expenses $0

Program Expenses $2,269,576

Other Expenses $1,316,482

TOTAL EXPENSES $2,717,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,735,126	$2,653,566	+0.0%
Expenses	$2,717,266	$2,521,862	+0.1%
Net Income	$17,860	$131,704	-0.9%

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

$352,382

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDIE ACKISS	DIRECTOR	0.20	Director	$0	$0	$0
E WARRINER ATKINSON	DIRECTOR	0.20	Director	$0	$0	$0
SHERRY ATWOOD	DIRECTOR	0.20	Director	$0	$0	$0
RICK HARDEE	DIRECTOR	0.20	Director	$0	$0	$0
ED IANNI PHD	DIRECTOR	0.20	Director	$0	$0	$0
DEBBIE IVEY	DIRECTOR	0.20	Director	$0	$0	$0
MARTIN JOSEPH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
VICKIE KENNEDY	TREASURER	1.00	Officer Director	$0	$0	$0
CHESTER P KRAMER	DIRECTOR	0.20	Director	$0	$0	$0
BOB LARMORE	DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL J LEONARD	DIRECTOR	0.20	Director	$0	$0	$0
JORDAN LEVITIN	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT MADDEN	DIRECTOR	0.20	Director	$0	$0	$0
STEPHANIE MARIONEAUX MD	DIRECTOR	0.20	Director	$0	$0	$0
VINCENT MEDINA	DIRECTOR	0.20	Director	$0	$0	$0
KRISTINA RAMSEY	DIRECTOR	0.20	Director	$0	$0	$0
JOSHUA ROCKWELL	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
BARBARA SENECAL	DIRECTOR	0.20	Director	$0	$0	$0
JOHN WATTERS JR MD	SECRETARY	1.00	Officer Director	$0	$0	$0
H HAUSER WEILER MD	DIRECTOR	0.20	Director	$0	$0	$0
DAVID KORROCH	CEO	55.00	Officer	$257,406	$84,976	$342,382
BRUCE BODNER MD	MEDICAL DIR	1.00	Officer	$10,000	$0	$10,000

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	$2,735,126	$2,717,266	$3,174,313	$17,860
2024	No data	No data	No data	No data
2023	$2,590,453	$2,578,379	$3,000,884	$12,074
2022	$2,447,492	$2,613,478	$2,902,079	$-165,986
2021	$2,434,440	$2,144,445	$3,467,664	$289,995
2020	$1,750,959	$2,050,409	$3,163,269	$-299,450
2020	$1,750,959	$2,050,409	$3,163,269	$-299,450
2019	$2,176,455	$2,236,519	$3,077,203	$-60,064
2018	$2,220,871	$2,501,589	$3,114,373	$-280,718

LIONS MEDICAL EYE BANK & RESEARCH CENTER OF EASTERN VIRGINIA INC