EYECARE TO THE NEEDY INC (EIN 582482987) - 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

1999

Legal Domicile

Phone

7065610024

Tax Period

2023-01-01 to 2023-12-31

EYECARE TO THE NEEDY INC, founded in 1999, is a small nonprofit in the Diseases & Disorders sector that reported $171K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $35K, a strong 21% operating margin.

Mission

EYECARE TO THE NEEDY SEEKS TO SERVE BY PROVIDING EYECARE/VISION ASSISTANCE AND PRESCRIPTION GLASSES TO THE INDIGENT AND LESS FORTUNATE IN A CHRISTIAN SPIRIT.

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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 $166,410

Program Service Revenue $0

Investment Income $4,317

Other Revenue $0

TOTAL REVENUE $170,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,634

Other Expenses $135,634

TOTAL EXPENSES $135,634

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,727	$249,279	-0.3%
Expenses	$135,634	$82,005	+0.7%
Net Income	$35,093	$167,274	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr and Mrs Charles Calhoun	Director	0.00	Director	$0	$0	$0
Dr Banks Carroll	Director	0.00	Director	$0	$0	$0
Mr John Illges	Director	0.00	Director	$0	$0	$0
Mrs Frankie Lake	Director	0.00	Director	$0	$0	$0
Rev Dr Michael Stewart	Director	0.00	Director	$0	$0	$0
Dr STEPHEN BEATY	CEO	5.00	Officer	$0	$0	$0
Mr GARY HOLMES	Secretary	3.00	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	No data	No data	No data	No data
2023	$170,727	$135,634	$361,268	$35,093
2022	$249,279	$82,005	$326,175	$167,274

EYECARE TO THE NEEDY INC