Florida Society of Ophthalmology (EIN 591980531) - 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

1938

Legal Domicile

Principal Officer

Zelia Correa MD PhD

Phone

9049980819

Tax Period

2025-01-01 to 2025-12-31

Florida Society of Ophthalmology, founded in 1938, is a small nonprofit that reported $701K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Trade Association for the Advancement of Ophthalmology

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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 $215,403

Program Service Revenue $475,394

Investment Income $10,091

Other Revenue $0

TOTAL REVENUE $700,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $22,644

Program Expenses $649,458

Other Expenses $713,631

TOTAL EXPENSES $713,631

Year-over-Year Comparison

	2025	2024	Change
Revenue	$700,888	$636,845	+0.1%
Expenses	$713,631	$689,767	+0.0%
Net Income	$-12,743	$-52,922	-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

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
Zelia Correa MD PhD	President	2.00	Officer Director	$0	$0	$0
Ahad Mahootchi MD	President Elect	2.00	Officer Director	$0	$0	$0
Raquel Goldhardt MD FACS	Immediate Past President	2.00	Officer Director	$0	$0	$0
Mollies Lagrew MD	Vice President	2.00	Officer Director	$0	$0	$0
Ron Adelman MD	Vice President	2.00	Officer Director	$0	$0	$0
Basil Williams MD	Vice President	2.00	Officer Director	$0	$0	$0
Zubair Ansari MD	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
David Eichenbaum MD	Past President	1.00	Director	$0	$0	$0
Courtney Bovee MD	Director	1.00	Director	$0	$0	$0
Robert Applebaum MD	Director	1.00	Director	$0	$0	$0
Nicholas Farber MD	Director	1.00	Director	$0	$0	$0
Allister Gibbons MD	Director	1.00	Director	$0	$0	$0
Christine Greer MD	Director	1.00	Director	$0	$0	$0
Eric Grieser MD	Director	1.00	Director	$0	$0	$0
Christos Ifantides MD	Director	1.00	Director	$0	$0	$0
Adam Katz MD	Director	1.00	Director	$0	$0	$0
William Mallon MD	Director	1.00	Director	$0	$0	$0
Adam Rothman MD	Director	1.00	Director	$0	$0	$0
Richard Ten Hulzen MD	Director	1.00	Director	$0	$0	$0
Priya Vakharia MD	Director	1.00	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	$700,888	$713,631	$300,639	$-12,743
2024	$636,845	$689,767	$329,647	$-52,922
2023	$630,893	$763,808	$353,886	$-132,915
2022	$703,025	$676,984	$469,725	$26,041
2021	$772,083	$651,209	$480,325	$120,874
2020	$399,853	$434,114	$412,327	$-34,261
2018	$766,742	$765,292	$420,364	$1,450

Florida Society of Ophthalmology