VIRGINIA SOCIETY OF OPHTHALMOLOGY (EIN 541309871) - 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

1983

Legal Domicile

Principal Officer

Jason S Goldberg MD

Phone

8042619890

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA SOCIETY OF OPHTHALMOLOGY, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $146K in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

Advocate for the best quality eye care through education, legislative efforts and community service. The members are committed to heightening public awareness that eye disease and blindness can be reduced through prevention, and early detection and treatment.

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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 $100,300

Program Service Revenue $1,795

Investment Income $7,841

Other Revenue $2,325

TOTAL REVENUE $112,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,733

Other Expenses $116,936

TOTAL EXPENSES $116,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,261	$44,523	+1.5%
Expenses	$116,936	$132,853	-0.1%
Net Income	$-4,675	$-88,330	-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

265

Independent Members

265

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
IRA LEDERMAN	Emeritus Councilor	0.50	Director	$0	$0	$0
Anthony J Viti	Past President	0.50	Director	$0	$0	$0
Daniel Drysdale	AAO Councilor	0.50	Director	$0	$0	$0
Michael Keverline	Past President	0.50	Director	$0	$0	$0
Jason S Goldberg	Treasurer	2.00	Officer	$0	$0	$0
Kapil Kapoor	Immediate Past President	1.00	Officer	$0	$0	$0
Jessica Randolph	President Elect	1.00	Officer	$0	$0	$0
John McAllister	President	2.00	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	$112,261	$116,936	$248,487	$-4,675
2023	$44,523	$132,853	$261,456	$-88,330
2022	$156,888	$91,000	$320,451	$65,888
2021	$159,097	$107,747	$257,734	$51,350
2020	$116,140	$111,634	$201,338	$4,506
2019	$126,234	$114,450	$200,747	$11,784
2018	$146,411	$154,557	$184,934	$-8,146

VIRGINIA SOCIETY OF OPHTHALMOLOGY