WEST VIRGINIA OPTOMETRIC ASSOCIATI… - 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

1934

Legal Domicile

Principal Officer

CHAD ROBINSON

Phone

3047208262

Tax Period

2023-01-01 to 2023-12-31

WEST VIRGINIA OPTOMETRIC ASSOCIATION, founded in 1934, is a small nonprofit that reported $558K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $538K left a modest 4% surplus.

Mission

CONTINUING EDUCATION FOR THE MEMBERS, INFORMATION TO THE MEMBER AND TO THE COMMUNITY, SERVICES TO THE COMMUNITY TO EDUCATION MEMBERS OF THE COMMUNITY TO UDATED OPTICAL SERVICES AND/OR NEW LAWS CONCERNING OPTICAL SERVICES AND

Program Service Accomplishments

Program 1

LINE 24A AOA DUES DUES TO THE NATIONAL ORGANIZATION NECESSARY THAT OUR MEMBERS BE KEPT CURRENT ON THE MOST RECENT DEVELOPMENTS, PROCEDURES AND LAWS

Program 2

LINE 19 -- CONFERENCES, CONVENTIONS & MEETINGS . AT LEAST THREE EDUCATIONAL SEMINARS EACH YEAR FOR DOCTORS OF OPTOMETRY (FORM MEMBERS AND ALL ODS) AVERAGE ATTENDANCE 200. OTHER MEETINGS --SERVICE &...

Program 3

LINE 24b,24d, 24f PROGRAM SERVICES TO THE COMMUNITY

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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 (2023)

Revenue Breakdown

Contributions & Grants $269,450

Program Service Revenue $288,545

Investment Income $66

Other Revenue $0

TOTAL REVENUE $558,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $537,958

TOTAL EXPENSES $537,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$558,061	$417,515	+0.3%
Expenses	$537,958	$337,381	+0.6%
Net Income	$20,103	$80,134	-0.7%

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
DR SHAWN SAMMONS	PRESIDENT	2.00	Officer Director	$0	$0	$0
DR KAYLA CAMPBELL	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
DR LAURA SUPPA	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
DR BEN MIZE	SECRETARY-TREASURER	3.00	Officer Director	$0	$0	$0
DR NATHAN STEVENS	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DR CHRIS RATCLIFF	TRUSTEE	1.00	Officer Director	$0	$0	$0
DR BRAD LANE	TRUSTEE	1.00	Officer Director	$0	$0	$0
DR ELICIA MILLER	TRUSTEE	1.00	Officer Director	$0	$0	$0
DR MITCH KOEBER	TRUSTEE	1.00	Officer Director	$0	$0	$0
CHAD ROBINSON	EXECUTIVE DIRECTOR	10.00	Officer Director	$0	$0	$0
DR PETE DORMAS	AREA 1 DIRECTOR	5.00	Officer Director	$0	$0	$0
DR RICH REBUCK	AREA 3 DIRECTOR	5.00	Officer Director	$0	$0	$0
DR MITCH KOERBER	AREA 4 DIRECTOR	5.00	Officer Director	$0	$0	$0
DR CRAIG LIEBIG	AREA 5 DIRECTOR	5.00	Officer Director	$0	$0	$0
DR JUSTIN TRAVIS	AREA 6 DIRECTOR	5.00	Officer Director	$0	$0	$0
DR KRISTA ADAMS	AREA 7 DIRECTOR	5.00	Officer Director	$0	$0	$0
DR TW MOORE	THIRD PARTY CHAIR	5.00	Officer Director	$0	$0	$0
DR NATHAN STEVENS	LEGISLATIVE CHAIR	5.00	Officer 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
2024	No data	No data	No data	No data
2023	$558,061	$537,958	$316,879	$20,103
2022	$417,515	$337,381	$283,263	$80,134
2021	$487,622	$493,903	$206,080	$-6,281
2020	$347,979	$381,502	$201,425	$-33,523
2019	$419,918	$371,150	$234,981	$48,768
2018	$408,970	$416,183	$188,756	$-7,213

WEST VIRGINIA OPTOMETRIC ASSOCIATION