GEORGIA EYE BANK INC (EIN 581371513) - 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

1979

Legal Domicile

Principal Officer

ERIC E MEINECKE

Phone

4042641900

Tax Period

2025-01-01 to 2025-12-31

GEORGIA EYE BANK INC, founded in 1979, is a community nonprofit that reported $8.6M in total revenue in fiscal year 2025. Expenses of $7.6M left a modest 12% surplus.

Mission

IMPROVING VISION AND LIVES THROUGH TRANSPLANTATION OF OCULAR TISSUE AND CELLS, INNOVATION, RESEARCH, EDUCATION, AND COLLABORATION TO ADVANCE TREATMENTS AND PATIENT OUTCOMES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $204,922

Program Service Revenue $7,694,624

Investment Income $693,597

Other Revenue $0

TOTAL REVENUE $8,593,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,575,490

Fundraising Expenses $0

Program Expenses $6,784,002

Other Expenses $3,994,229

TOTAL EXPENSES $7,569,719

Year-over-Year Comparison

	2025	2024	Change
Revenue	$8,593,143	$8,686,337	0.0%
Expenses	$7,569,719	$7,248,779	+0.0%
Net Income	$1,023,424	$1,437,558	-0.3%

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

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

$342,798

Total Directors

$342,798

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC E MEINECKE	PRES/CEO/TRUSTEE	60.00	Officer Director	$288,191	$54,607	$342,798
RICHARD L SHACKELFORD	CHAIR/TRUSTEE	0.00	Officer Director	$0	$0	$0
G BARRY LACY	SECRETARY/TRUSTEE	0.00	Officer Director	$0	$0	$0
RUSSELL G THORNTON	TREASURER/TRUSTEE	0.00	Officer Director	$0	$0	$0
R DOYLE STULTING MD PHD	TRUSTEE	0.00	Director	$0	$0	$0
KELLY SYED	TRUSTEE	0.00	Director	$0	$0	$0
JOSEPH GUERRISI	TRUSTEE	0.00	Director	$0	$0	$0
CHRIS GLAZIER	TRUSTEE	0.00	Director	$0	$0	$0
JOHN MARK REED	TRUSTEE	0.00	Director	$0	$0	$0
DAVID THOMPSON	TRUSTEE	0.00	Director	$0	$0	$0
FARISH WHEELER	TRUSTEE	0.00	Director	$0	$0	$0
WILLIAM BARRY LEE MD	TRUSTEE	0.00	Director	$0	$0	$0
BRUCE H VARNUM	IMMEDIATE PAST CHAIR/TRUSTEE	0.00	Director	$0	$0	$0
DAVID COLLERAIN	CHIEF FIN ADMIN OFFICER	50.00	Highest	$156,250	$33,033	$189,283
SAIRA QURAISHY	DIR. CLINICAL SERVICES	50.00	Highest	$146,000	$31,495	$177,495
JONATHAN M STAPLETON	DIR. COMMUNICATIONS	50.00	Highest	$125,000	$28,230	$153,230
SUSAN LITTLEFIELD	DIR. QUALITY SYS/REG	50.00	Highest	$130,000	$22,059	$152,059
JANICE SEDGWICK	DIR. PUBLIC & PROFESSIONAL	50.00	Highest	$122,000	$27,820	$149,820

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	$8,593,143	$7,569,719	$25,740,495	$1,023,424
2024	$8,686,337	$7,248,779	$23,309,057	$1,437,558
2023	$9,500,385	$7,052,699	$21,094,683	$2,447,686
2022	$6,672,999	$6,304,868	$19,854,081	$368,131
2021	$6,754,621	$5,925,184	$18,619,601	$829,437
2020	$6,717,667	$5,730,566	$17,460,985	$987,101
2019	$6,844,999	$5,942,190	$15,462,250	$902,809
2018	$6,744,200	$5,646,474	$13,652,029	$1,097,726

GEORGIA EYE BANK INC