SOUTHWEST FLORIDA OPTOMETRIC ASSOC… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

ARTHUR YOUNG

Phone

6019462174

Tax Period

2022-01-01 to 2022-12-31

SOUTHWEST FLORIDA OPTOMETRIC ASSOCIATION, founded in 1983, is a small nonprofit that reported $212K in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $43K, a strong 20% operating margin.

Mission

GRANTS TO MEMBERS TO PROVIDE EYECARE TO INDIGENT PATIENTS THIRTEEN OPTOMETRISTS PROVIDED SERVICES.

Program Service Accomplishments

Program 1

GRANTS TO MEMBERS TO PROVIDE EYECARE TO INDIGENT PATIENTS. SERVICES PROVIDED BY 13 OPTOMETRISTS.

Program 2

SUPPORT OF VISUALLY IMPAIRED AND LOW INCOME PERSONS THROUGH LIGHTHOUSE OF SOUTHWEST FLORIDA

Program 3

ONE STUDENT SCHOLARSHIP TO ATTEND SCHOOL OF OPTOMETRY

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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 (2022)

Revenue Breakdown

Contributions & Grants $103,766

Program Service Revenue $108,301

Investment Income $318

Other Revenue $0

TOTAL REVENUE $212,385

Expense Breakdown

Grants Paid $21,141

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $148,027

TOTAL EXPENSES $169,168

Year-over-Year Comparison

	2022	2021	Change
Revenue	$212,385	$179,727	+0.2%
Expenses	$169,168	$154,001	+0.1%
Net Income	$43,217	$25,726	+0.7%

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

N/A

Independent Members

N/A

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
JAKE ROCKMAN	PRESIDENT	10.00	Officer	$0	$0	$0
ALICE HIGGINS	VICE PRESIDE	1.00	Officer	$0	$0	$0
ARTHUR YOUNG	TREASURER	30.00	Officer	$0	$0	$0
ANGIE KAPLAN	SECRETARY	2.00	Officer	$0	$0	$0
KATE MALONEY	TRUSTEE	0.00	Director	$0	$0	$0
CARLOS SANCHEZ	TRUSTEE	0.00	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
2022	$212,385	$169,168	$345,982	$43,217

SOUTHWEST FLORIDA OPTOMETRIC ASSOCIATION