WILLS EYE FOUNDATION INC

EIN: 593794523 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$2,336,489
Total Expenses
$1,952,139
Total Assets
$10,978,017
Net Assets
$10,324,295
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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
PA
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

SUPPORT MISSION OF THE WILLS EYE HEALTH SYSTEM ENTITIES.

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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%)

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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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Governance

Voting Members
2
Independent Members
N/A
Employees
8
Volunteers
10

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
4
$2,336,072
Total Directors
2
$1,748,409
Key Employees
1
$193,134
Highest Compensated
3
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
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