FLORIDA OPTOMETRIC ASSOCIATION

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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

1965

Legal Domicile

Principal Officer

SARAH LANGLEY

Phone

8508774697

Tax Period

2023-01-01 to 2023-12-31

FLORIDA OPTOMETRIC ASSOCIATION, founded in 1965, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023.

Mission

TO ENHANCE THE VISION CARE OF THE PUBLIC BY UNITING THE OPTOMETRIC PROFESSION

Program Service Accomplishments

Program 1

THE ASSOCIATION CONDUCTS SEMINARS AND WORKSHOPS THROUGHOUT THE STATE OF FLORIDA TO EDUCATE MEMBERS ON NEW DEVELOPMENTS IN THE FIELD OF OPTOMETRY AND HELP MEMBERS MEET CONTINUING EDUCATION...

THE ASSOCIATION CONDUCTS SEMINARS AND WORKSHOPS THROUGHOUT THE STATE OF FLORIDA TO EDUCATE MEMBERS ON NEW DEVELOPMENTS IN THE FIELD OF OPTOMETRY AND HELP MEMBERS MEET CONTINUING EDUCATION REQUIREMENTS TO MAINTAIN THEIR LICENSES. THE ASSOCIATION CONDUCTS AN ANNUAL CONFERENCE WHICH ENABLES MEMBERS TO HEAR SPEAKERS CONCERNED WITH THE FIELD OF OPTOMETRY AND TO VIEW EXHIBITS OF GOODS AND SERVICES PERTAINING TO THEIR PROFESSION. THE ASSOCIATION PROVIDES VARIOUS BENEFITS AND SERVICES TO ITS MEMBERS INCLUDING THE PROMOTION OF THE PROFESSION IN THE LEGISLATIVE AND REGULATORY PROCESSES. THE ASSOCIATION ALSO PRODUCES A NEWSLETTER WHICH FEATURES ITEMS RELATED TO THE PROFESSION AND ITS MEMBERS.

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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 $25,157

Program Service Revenue $2,215,679

Investment Income $7,709

Other Revenue $119,549

TOTAL REVENUE $2,368,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,519

Fundraising Expenses $0

Other Expenses $2,269,463

TOTAL EXPENSES $2,587,982

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,368,094	$2,488,099	0.0%
Expenses	$2,587,982	$2,108,268	+0.2%
Net Income	$-219,888	$379,831	-1.6%

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
STEVEN SILVERSTONE	PRESIDENT	5.00	Officer	$0	$0	$0
SUSAN L BECK	VICE PRESIDENT	5.00	Officer	$0	$0	$0
NATHAN ETTEN	PRESIDENT ELECT	5.00	Officer	$0	$0	$0
CHRIS WILLIAMSON	TREASURER, SECRETARY	3.00	Officer	$0	$0	$0
PETE SANTISI	CHAIRMAN OF THE BOARD	3.00	Officer	$0	$0	$0
SARAH LANGLEY	EXECUTIVE DIRECTOR	40.00	Highest	$120,001	$0	$120,001
SMITH BLANC	TRUSTEE	3.00	Director	$0	$0	$0
SUSAN SUMMERTON	TRUSTEE	3.00	Director	$0	$0	$0
GREG NABERHAUS	TRUSTEE	3.00	Director	$0	$0	$0
HANG THAI	TRUSTEE	3.00	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	$2,368,094	$2,587,982	$581,256	$-219,888
2022	$2,488,099	$2,108,268	$434,755	$379,831
2021	$2,079,500	$1,996,018	$431,316	$83,482
2020	$1,721,270	$1,914,283	$571,910	$-193,013
2020	$1,721,290	$1,930,998	$571,910	$-209,708