KENTUCKY ACADEMY OF EYE PHYSICIANS AND SURGEONS (EIN 610983968) - 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

1979

Legal Domicile

Principal Officer

JOHN FRANKLIN MD

Phone

8593002213

Tax Period

2024-04-01 to 2025-03-31

KENTUCKY ACADEMY OF EYE PHYSICIANS AND SURGEONS, founded in 1979, is a small nonprofit that reported $140K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $173K exceeded revenue, resulting in a 23% operating deficit.

Mission

ADVANCEMENT OF THE SCIENCE AND ART OF MEDICINE PERTAINING TO THE EYE

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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 $0

Program Service Revenue $125,679

Investment Income $14,724

Other Revenue $0

TOTAL REVENUE $140,403

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $59,266

Fundraising Expenses $0

Other Expenses $112,937

TOTAL EXPENSES $173,203

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,403	$159,522	-0.1%
Expenses	$173,203	$166,286	+0.0%
Net Income	$-32,800	$-6,764	+3.8%

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

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

$55,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN FRANKLIN MD	PRESIDENT	3.00	Director	$0	$0	$0
RYAN SMITH MD	PRESIDENT-ELECT	3.00	Director	$0	$0	$0
BENJAMIN PROCTOR MD	SECRETARY/TREASURER	3.00	Director	$0	$0	$0
BENJAMIN MACKEY MD	IMMEDIATE PAST PRESIDENT	2.00	Director	$0	$0	$0
JEREMY CLARK MD	COUNCILOR	1.00	Director	$0	$0	$0
JANELLE FASSBENDER ADENIRAN MD	AT-LARGE MEMBER	1.00	Director	$0	$0	$0
DAVID BRYSON MD	AT-LARGE MEMBER	1.00	Director	$0	$0	$0
VICTOR NEAMTU MD	AT-LARGE MEMBER	1.00	Director	$0	$0	$0
LANDON MEEKS MD	AT-LARGE MEMBER	1.00	Director	$0	$0	$0
JAMES GULLETT MD	BYLAWS CHAIR	1.00	Director	$0	$0	$0
ASHIMA GUPTA MD	CONTRACTOR ADVISORY COMMITTEE FOR MEDICAID	1.00	Director	$0	$0	$0
JOERN SOLTAU MD	ETHICS CHAIR	1.00	Director	$0	$0	$0
ASHIMA GUPTA MD	HEALTH PLANS RELATIONS & LEGISLATIVE CHAIR	1.00	Director	$0	$0	$0
JEREMY CLARK MD	KENTUCKY OPHTHALMOLOGICAL POLITICAL ACTION COMMITT	1.00	Director	$0	$0	$0
LUCY FRANKLIN MD	MEMBERSHIP CHAIR	1.00	Director	$0	$0	$0
DANIEL MOORE MD	UNIVERSITY OF KENTUCKY REPRESENTATIVE	1.00	Director	$0	$0	$0
CHRISTOPHER COMPTON MD	UNIVERSITY OF LOUISVILLE REPRESENTATIVE	1.00	Director	$0	$0	$0
GARRETT OBERST MD	KOPAC CHAIR	1.00	Director	$0	$0	$0
MICHELLE ABOU-JAOUDE MD	YOUNG OPHTHALMOLOGIST REPRESENTATIVE	1.00	Director	$0	$0	$0
MIRANDA SLOAN	EXECUTIVE DIRECTOR	35.00	Officer	$55,000	$0	$55,000

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	$140,403	$173,203	$282,245	$-32,800
2024	$159,522	$166,286	$315,119	$-6,764
2023	$135,195	$147,695	$292,392	$-12,500
2023	$135,195	$147,695	$292,392	$-12,500
2022	$191,678	$167,378	$333,424	$24,300
2021	$179,054	$150,608	$296,903	$28,446
2020	$193,462	$226,042	$200,862	$-32,580
2019	$185,921	$164,806	$256,563	$21,115

KENTUCKY ACADEMY OF EYE PHYSICIANS AND SURGEONS