WILLS EYE FOUNDATION INC

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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

2005

Legal Domicile

Principal Officer

DR JULIA HALLER

Phone

2159283320

Tax Period

2024-07-01 to 2025-06-30

WILLS EYE FOUNDATION INC, founded in 2005, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $384K, a strong 16% operating margin.

Mission

THE FOUNDATION WAS CREATED TO RAISE FUNDS IN SUPPORT OF THE MISSION OF THE WILLS EYE ENTITIES WHICH INCLUDE WILLS EYE HOSPITAL, AMBULATORY SURGICAL CENTERS, AND AN OPHTHALMOLOGY CLINIC.

Program Service Accomplishments

Program 1

Expenses: $1,559,788 Revenue: $0

PROVIDE SUPPORT TO VARIOUS CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ORGANIZATIONS SPECIFIED IN THE CORPORATION'S ARTICLES. AREAS OF ACTIVITY INCLUDES CLINICAL RESEARCH, EDUCATIONAL TRAINING AND...

PROVIDE SUPPORT TO VARIOUS CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ORGANIZATIONS SPECIFIED IN THE CORPORATION'S ARTICLES. AREAS OF ACTIVITY INCLUDES CLINICAL RESEARCH, EDUCATIONAL TRAINING AND FELLOWSHIP OPERATIONAL SUPPORT.

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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 $2,238,870

Program Service Revenue $0

Investment Income $125,924

Other Revenue $-28,305

TOTAL REVENUE $2,336,489

Expense Breakdown

Grants Paid $18,955

Salaries & Benefits $955,375

Fundraising Expenses $137,945

Program Expenses $1,559,788

Other Expenses $977,809

TOTAL EXPENSES $1,952,139

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,336,489	$3,337,529	-0.3%
Expenses	$1,952,139	$1,847,788	+0.1%
Net Income	$384,350	$1,489,741	-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

Independent Members

N/A

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

$2,336,072

Total Directors

$1,748,409

Key Employees

$193,134

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JULIA HALLER	PRESIDENT & DIRECTOR	1.00	Officer Director	$0	$68,717	$1,307,116
JOSEPH P BILSON	VICE PRESIDENT & DIRECTOR	2.00	Officer Director	$0	$71,454	$441,293
MICHAEL ALLEN	SECRETARY	1.00	Officer	$0	$7,096	$370,992
SHELLEY D JOHNSON	TREASURER	2.00	Officer	$0	$4,469	$216,671
SUZANNE BEERS	CHIEF DEVELOPMENT OFFICER	40.00	Key Emp	$192,608	$526	$193,134
LINDA MANCINI	DIR. OF DEVELOPMENT OPERATIONS	40.00	Highest	$108,971	$289	$109,260
ROBERT W FISHER	DIR. OF MAJOR GIFTS IN DEV	40.00	Highest	$157,680	$11,127	$168,807
EDMUND FLOOD	DIR. OF FDN & CORP RELATIONS	40.00	Highest	$163,251	$526	$163,777

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	$2,336,489	$1,952,139	$10,978,017	$384,350
2024	$3,337,529	$1,847,788	$11,604,600	$1,489,741
2023	$3,565,068	$1,514,226	$10,775,896	$2,050,842
2022	$1,509,687	$1,765,729	$8,726,290	$-256,042
2021	$2,451,612	$1,803,057	$9,416,771	$648,555
2020	$4,431,414	$1,666,729	$7,348,965	$2,764,685
2019	$4,433,825	$1,795,929	$9,012,168	$2,637,896
2018	$3,789,067	$1,449,977	$4,808,879	$2,339,090