Southern College of Optometry (EIN 620548917) - 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

1932

Legal Domicile

Principal Officer

David West

Phone

9017223200

Tax Period

2023-07-01 to 2024-06-30

Southern College of Optometry, founded in 1932, is a mid-sized nonprofit in the Education sector that reported $30.5M in total revenue in fiscal year 2023. Expenses of $34.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

The organization operates a School of Optometry and Clinic.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,677,876

Program Service Revenue $27,179,934

Investment Income $1,328,686

Other Revenue $313,157

TOTAL REVENUE $30,499,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,642,933

Fundraising Expenses $141,263

Program Expenses $20,937,230

Other Expenses $11,590,479

TOTAL EXPENSES $34,233,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,499,653	$29,709,045	+0.0%
Expenses	$34,233,412	$33,149,501	+0.0%
Net Income	$-3,733,759	$-3,440,456	+0.1%

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

230

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

$920,088

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amanda Brewer-Lord OD	Chair	1.00	Officer Director	$0	$0	$0
David A Cockrell OD	Vice Chair	1.00	Director	$0	$0	$0
Lynn T Shaw	Secretary	1.00	Director	$0	$0	$0
Mark R Kapperman OD	Trustee-at-Large	1.00	Director	$0	$0	$0
Stacey J Meier OD	Trustee-at-Large	1.00	Director	$0	$0	$0
Allan Barker OD	Member	1.00	Director	$0	$0	$0
Betty Harville Brown OD	Member	1.00	Director	$0	$0	$0
Renee Braums	Member	1.00	Director	$0	$0	$0
Arthur R Dampier OD	Member	1.00	Director	$0	$0	$0
Anita Davis PhD	Member	1.00	Director	$0	$0	$0
Vicki Farmer	Member	1.00	Director	$0	$0	$0
Charles Glaser OD	Member	1.00	Director	$0	$0	$0
Charles Kinnaird OD	Member	1.00	Director	$0	$0	$0
James K Kirchner OD	Member	1.00	Director	$0	$0	$0
Carrie D Lebowitz OD	Member	1.00	Director	$0	$0	$0
Jennifer Lyerly OD	Member	1.00	Director	$0	$0	$0
Kimberly Pham	Student Member	1.00	Director	$0	$0	$0
Stuart R Tasman OD	Member	1.00	Director	$0	$0	$0
Michael Dorkowski OD	Member	1.00	Director	$0	$0	$0
Dr Lewis Reich	President	40.00	Officer	$378,455	$47,499	$425,954
David L West	V.P. Finance & Administration	40.00	Officer	$216,782	$33,172	$249,954
Dr John B Campbell	V.P. Academic Affairs	40.00	Officer	$215,068	$29,112	$244,180
Joe Hauser	V.P. Student Services	40.00	Highest	$180,492	$10,929	$191,421
James E Venable	V.P. Clinical Operations	40.00	Highest	$207,196	$21,816	$229,012
Daniel Fuller	Faculty	40.00	Highest	$190,417	$19,785	$210,202
Christopher W Lievens	Faculty	40.00	Highest	$177,082	$33,741	$210,823

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	No data	No data	No data	No data
2024	$30,499,653	$34,233,412	$90,420,443	$-3,733,759
2023	$29,709,045	$33,149,501	$92,618,288	$-3,440,456
2022	$28,598,801	$31,397,943	$90,101,083	$-2,799,142
2021	$30,589,289	$28,723,693	$101,293,349	$1,865,596
2020	$28,872,657	$30,158,641	$101,899,009	$-1,285,984
2019	$32,355,176	$30,266,392	$105,622,017	$2,088,784

Southern College of Optometry