MIRACLES IN SIGHT

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1951

Legal Domicile

Principal Officer

INGRID SCHUNDER

Phone

3367650932

Tax Period

2024-01-01 to 2024-12-31

MIRACLES IN SIGHT, founded in 1951, is a mid-sized nonprofit that reported $14.3M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

THE MISSION OF THE NORTH CAROLINA EYE BANK INC D/B/A MIRACLES IN SIGHT IS TO SUPPORT THE RESTORATION, PRESERVATION, AND ENHANCEMENT OF SIGHT THROUGH TRANSPLANT, RESEARCH, EDUCATION AND INNOVATION.

Program Service Accomplishments

Program 1

Expenses: $12,705,565

4,761,106 CLINICAL SERVICES - IS RESPONSIBLE FOR THE TESTING, EVALUATION ANDDISTRIBUTION OF TISSUE FOR TRANSPLANT AND RESEARCH. THEY DETERMINE IF THE TISSUE IS SUITABLE FOR TRANSPLANT AND WORK WITH SURGEONS TO MEET THEIR PATIENTS' NEEDS. THEY ALSO FACILITATE PROVIDING TISSUE TO RESEARCHERS WORKING ON CURES FOR EYE DISEASE SUCH AS MACULAR DEGENERATION AND GLAUCOMA. THE ORGANIZATION IS ONE OF THE LARGEST PROVIDERS OF SCLERA FOR OCULOPLASTIC SURGERY AND GLAUCOMA SURGERY.

Program 2

Expenses: $560,334

2,022,646 RECOVERY SERVICES - OVERSEES THE SURGICAL RECOVERY AND PRESERVATION OF DONOR OCULAR TISSUE.

Program 3

2,053,722 DONOR CENTER - RECEIVES DONOR REFERRALS AND THEN INITIATES THE SCREENING,DISCLOSURE, AUTHORIZATION AND RECOVERY PROCESS. THEY WORK WITH THE DONOR'S FAMILY TO ENSURE SAFE TISSUE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $320,167

Program Service Revenue $13,184,606

Investment Income $767,648

Other Revenue $37,687

TOTAL REVENUE $14,310,108

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $7,164,542

Fundraising Expenses $0

Program Expenses $13,415,899

Other Expenses $8,164,759

TOTAL EXPENSES $15,479,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,310,108	$16,603,118	-0.1%
Expenses	$15,479,301	$14,824,403	+0.0%
Net Income	$-1,169,193	$1,778,715	-1.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

109

Volunteers

N/A

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

$801,184

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
INGRID SCHUNDER	PRESIDENT &	40.00	Officer	$228,261	$0	$228,261
KRISTEN MCCOY	VP SURGICAL	40.00	Officer	$180,221	$0	$180,221
MIKE TRAMBER	VP OF OPERAT	40.00	Officer	$171,844	$0	$171,844
SUSAN GRUNOW	DONOR CENTER	40.00	Officer	$119,528	$0	$119,528
SARA KERR	DIRECTOR OF	40.00	Officer	$101,330	$0	$101,330
PAUL BLEDSOE	FINANCE & GO	N/A	Director	$0	$0	$0
ANDY MEVERDEN M DIV	FINANCE COMM	N/A	Director	$0	$0	$0
DAVID TREMBLAY MD	MEDICAL DIRE	N/A	Officer Director	$0	$0	$0
DAVID BARNWELL MD	CHAIRMAN	N/A	Officer Director	$0	$0	$0
ROBERT ENZENAUER MD	MEDICAL DIRE	N/A	Officer Director	$0	$0	$0
ROY L ALSON PHD MD	VICE CHAIR	N/A	Officer Director	$0	$0	$0
KAREN RATCLIFFE	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
SANDY SIKES	FINANCE & GO	N/A	Director	$0	$0	$0
DEAN VAVRA	GOVERNANCE	N/A	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	$14,310,108	$15,479,301	$21,173,627	$-1,169,193
2023	$16,603,118	$14,824,403	$23,742,418	$1,778,715
2022	$10,730,866	$13,509,748	$21,744,242	$-2,778,882
2021	$15,112,420	$12,060,711	$25,282,806	$3,051,709
2020	$11,460,025	$10,607,642	$22,057,527	$852,383
2019	$12,092,850	$11,161,774	$20,295,426	$931,076
2019	$12,092,850	$11,161,774	$20,295,426	$931,076
2019	$12,092,850	$11,161,774	$20,295,426	$931,076
2018	$9,083,983	$10,704,420	$19,301,756	$-1,620,437