THE NORTH CAROLINA STATE OPTOMETRIC SOCIETY INCORPORATED (EIN 560860206) - Form 990 Financial Analysis & Trantor Score

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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

1912

Legal Domicile

Principal Officer

ALYSSA BARKLEY

Phone

9199776966

Tax Period

2024-01-01 to 2024-12-31

THE NORTH CAROLINA STATE OPTOMETRIC SOCIETY INCORPORATED, founded in 1912, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 215% from the prior year, signaling strong growth momentum. The organization ran a surplus of $518K, a strong 32% operating margin.

Mission

ADVANCE AND PROTECT THE PROFESSION OF OPTOMETRY TO IMPROVE VISION AND HEALTH IN NORTH CAROLINA.

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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 $649,416

Program Service Revenue $498,753

Investment Income $294,510

Other Revenue $164,022

TOTAL REVENUE $1,606,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $439,825

Fundraising Expenses $0

Program Expenses $758,338

Other Expenses $648,461

TOTAL EXPENSES $1,088,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,606,701	$510,831	+2.1%
Expenses	$1,088,286	$461,562	+1.4%
Net Income	$518,415	$49,269	+9.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALYSSA BARKLEY	EXECUTIVE DI	40.00	Highest	$130,268	$9,215	$139,483
DR MATT ALDRICH	TRUSTEE/DIST	1.00	Director	$0	$0	$0
DR KESHAV BHAT	TRUSTEE	0.50	Director	$0	$0	$0
DR ALEXANDRA BOLDIS	DISTRICT PRE	0.50	Director	$0	$0	$0
DR MEGHAN BROOKS	DISTRICT PRE	0.50	Director	$0	$0	$0
DR RYAN CORTE	DISTRICT PRE	0.50	Director	$0	$0	$0
DR MATT EDWARDS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DR REBECCA GARCES	TRUSTEE/DIST	1.00	Director	$0	$0	$0
DR MOLLIE GLENN	DISTRICT PRE	0.50	Director	$0	$0	$0
DR JENNIFER LYERLY	TRUSTEE	0.50	Director	$0	$0	$0
DR COURTNEY MATHEWS	DISTRICT PRE	0.50	Director	$0	$0	$0
DR STEVEN MILLER	DISTRICT PRE	0.50	Director	$0	$0	$0
DR KIM ORR	TRUSTEE	0.50	Director	$0	$0	$0
DR JOANNA REIMAN	PRESIDENT-EL	1.00	Officer Director	$0	$0	$0
DR WILL SAWYER	TRUSTEE	1.00	Director	$0	$0	$0
DR SEAN SMOLENYAK	PRESIDENT	2.00	Officer Director	$0	$0	$0
DR JEFFREY STERLING	IMMED PAST P	0.50	Officer Director	$0	$0	$0
DR ARUN SUBRAMANIAN	DISTRICT PRE	0.50	Director	$0	$0	$0
DR RASIKA WHITESELL	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
DR DONALD YORK	DISTRICT PRE	0.50	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	$1,606,701	$1,088,286	$2,587,803	$518,415
2023	$1,335,653	$1,128,410	$2,072,796	$207,243
2023	$510,831	$461,562	$1,950,827	$49,269
2022	$1,002,682	$961,629	$1,859,360	$41,053
2021	$986,641	$829,152	$1,793,738	$157,489
2020	$925,460	$1,073,786	$1,666,629	$-148,326
2019	$1,206,066	$1,316,813	$1,619,468	$-110,747

THE NORTH CAROLINA STATE OPTOMETRIC SOCIETY INCORPORATED