Society for Excellence in Eye Care Inc (EIN 592966585) - 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

1989

Legal Domicile

Principal Officer

Paul Walton MD

Phone

8604784373

Tax Period

2024-11-01 to 2025-10-31

Society for Excellence in Eye Care Inc, founded in 1989, is a small nonprofit that reported $374K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

To elevate the level of care in the eye care profession by providing a means for members of the profession to share information and to develop, implement, and maintain standards in the profession.

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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 (2024)

Revenue Breakdown

Contributions & Grants $177,750

Program Service Revenue $162,918

Investment Income $17,408

Other Revenue $16,302

TOTAL REVENUE $374,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,400

Fundraising Expenses $0

Program Expenses $301,683

Other Expenses $310,249

TOTAL EXPENSES $399,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$374,378	$282,224	+0.3%
Expenses	$399,649	$336,345	+0.2%
Net Income	$-25,271	$-54,121	-0.5%

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

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

$83,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ivan Mac MD	President	4.00	Officer Director	$0	$0	$0
Paul Walton MD	Treasurer	2.00	Officer Director	$0	$0	$0
Morgan Micheletti MD	Director	1.00	Director	$0	$0	$0
Kiper Nelson MD	Director	1.00	Director	$0	$0	$0
James Lehmann MD	Director	1.00	Director	$0	$0	$0
William Plauche MD	Director	1.00	Director	$0	$0	$0
David Stephens MD	Director	1.00	Director	$0	$0	$0
Donna McCune	Executive Director	15.00	Officer	$83,000	$0	$83,000

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	$374,378	$399,649	$758,029	$-25,271
2024	$282,224	$336,345	$813,221	$-54,121
2023	$425,525	$220,930	$810,554	$204,595
2022	$301,631	$246,152	$583,626	$55,479
2021	$43,609	$213,271	$674,642	$-169,662
2020	$195,758	$260,734	$701,919	$-64,976
2019	$437,039	$261,956	$824,124	$175,083
2018	$162,447	$206,055	$647,303	$-43,608

Society for Excellence in Eye Care Inc