THE CORNEA SOCIETY

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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

1988

Legal Domicile

Principal Officer

DEEPINDER K DHALIWAL MD

Phone

4155618509

Tax Period

2025-01-01 to 2025-12-31

THE CORNEA SOCIETY, founded in 1988, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE CORNEA SOCIETY IS AN INTERNATIONAL SOCIETY DEDICATED TO PROMOTING THE EXCHANGE OF INFORMATION IN CORNEA AND EXTERNAL DISEASE.

Program Service Accomplishments

Program 1

Expenses: $1,092,294 Revenue: $1,117,180

THE SOCIETY IS A MEMBERSHIP ORGANIZATION OF APPROXIMATELY 700 MEMBERS WHOSE PURPOSE IS TO PROMOTE THE KNOWLEDGE, RESEARCH, AND UNDERSTANDING OF THE OPHTHALMOLOGIC SUBSPECIALTY DEALING WITH CORNEA...

THE SOCIETY IS A MEMBERSHIP ORGANIZATION OF APPROXIMATELY 700 MEMBERS WHOSE PURPOSE IS TO PROMOTE THE KNOWLEDGE, RESEARCH, AND UNDERSTANDING OF THE OPHTHALMOLOGIC SUBSPECIALTY DEALING WITH CORNEA, EXTERNAL DISEASE, REFRACTIVE SURGERY, AND THE ANTERIOR SEGMENT OF THE EYE AND TO PROMOTE THE PROFESSION OF OPHTHALMOLOGY. TO ACHIEVE ITS MISSION, THE SOCIETY PRODUCES A SCIENTIFIC JOURNAL (CORNEA: THE JOURNAL OF CORNEA AND EXTERNAL DISEASE) EACH MONTH, AS WELL AS THE QUARTERLY CORNEA SOCIETY NEWS. IN ADDITION, THE SOCIETY HOLDS REGULAR EDUCATIONAL MEETINGS, PROVIDES VIDEO EDUCATION, FACILITATES KERA-NET (A WORLDWIDE INTERACTIVE FORUM WHERE SUBSCRIBERS CAN EXCHANGE CLINICAL INFORMATION), AND PROVIDES VARIOUS NETWORKING OPPORTUNITIES FOR 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 (2025)

Revenue Breakdown

Contributions & Grants $47,500

Program Service Revenue $1,117,180

Investment Income $55,459

Other Revenue $0

TOTAL REVENUE $1,220,139

Expense Breakdown

Grants Paid $15,727

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,092,294

Other Expenses $1,404,431

TOTAL EXPENSES $1,420,158

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,220,139	$1,685,689	-0.3%
Expenses	$1,420,158	$678,374	+1.1%
Net Income	$-200,019	$1,007,315	-1.2%

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

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
W BARRY LEE MD	PRESIDENT	3.00	Officer Director	$0	$0	$0
DEEPINDER K DHALIWAL MD LAC	VICE PRESIDENT / PRESIDENT-ELECT	2.50	Officer Director	$0	$0	$0
BENNIE H JENG MD	PAST PRESIDENT	2.50	Officer Director	$0	$0	$0
SHAHZAD I MIAN MD	SECRETARY	2.50	Officer Director	$0	$0	$0
SONAL S TULI MD MED MBA	TREASURER	2.50	Officer Director	$0	$0	$0
JODHBIR MEHTA MBBS PHD FRCSED F	VP FOR INTERNATIONAL RELATIONS	2.50	Officer Director	$0	$0	$0
ANTHONY ALDAVE MD	VP FOR INDUSTRY RELATIONS	2.50	Officer Director	$0	$0	$0
SOPHIE X DENG MD PHD	AUPO-FCC REPRESENTATIVE	2.00	Officer Director	$0	$0	$0
JESSICA CIRALSKY MD	SCIENTIFIC PROGRAM CHAIR	2.00	Officer Director	$0	$0	$0
MIA WOODWARD MD MSC	AAO COUNCILOR	2.00	Officer Director	$0	$0	$0
LUIS IZQUIERDO MD PHD	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
JENNIFER Y LI MD	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
LISA M NIJM MD JD	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
CHRISTINA PRESCOTT MD PHD	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
JENNIFER ROSE-NUSSBAUMER MD	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
NAMRATA SHARMA MD DNB FRCSED FRCO	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
ZEBA A SYED MD	DIRECTOR-AT-LARGE	2.00	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
2025	$1,220,139	$1,420,158	$2,456,571	$-200,019
2024	No data	No data	No data	No data
2023	$668,478	$582,263	$1,859,302	$86,215
2022	$1,809,131	$1,285,367	$1,774,223	$523,764
2021	$471,498	$576,499	$1,612,616	$-105,001
2020	$499,461	$708,766	$1,127,744	$-209,305
2019	$992,604	$932,036	$1,128,788	$60,568
2018	$822,071	$1,212,895	$1,022,530	$-390,824