NATIONAL OPTOMETRIC ASSOCIATION

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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

1969

Legal Domicile

Principal Officer

DR FRANK BARNES

Phone

8773942020

Tax Period

2024-01-01 to 2024-12-31

NATIONAL OPTOMETRIC ASSOCIATION, founded in 1969, is a small nonprofit in the Community Improvement sector that reported $508K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

THE RECRUITMENT OF MINORITY STUDENTS INTO OPTOMETRY SCHOOLS AND IMPROVING THE VISUAL HEALTH OF THE MINORITY POPULATION.

Program Service Accomplishments

Program 1

CONVENTION ACCOMPLISHMENTS: AWARD PRESENTATIONS TO DESERVING MEMBERS, STUDENTS AND CORPORATE SUPPORTERS. CONTINUING EDUCATION HOURS FOR DOCTORS. STUDENTS MEET WITH THEIR DOCTOR MENTORS. VISUALLY...

CONVENTION ACCOMPLISHMENTS: AWARD PRESENTATIONS TO DESERVING MEMBERS, STUDENTS AND CORPORATE SUPPORTERS. CONTINUING EDUCATION HOURS FOR DOCTORS. STUDENTS MEET WITH THEIR DOCTOR MENTORS. VISUALLY RELATED COMMUNITY SERVICE TO THE AREA OF THE CONVENTION OR SCHOOL.

Program 2

CONTINUING EDUCATION ACCOMPLISHMENTS: 12-14 HOURS OF CONTINUING EDUCATION FOR DOCTORS AND STUDENTS TOWARDS MAINTAINING THEIR CERTIFICATION.

Program 3

STUDENT TRAVEL GRANT: SUBSIDIZE EACH STUDENT'S HOTEL ACCOMODATION BY A SET AMOUNT DURING CONVENTION.

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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 $425,276

Program Service Revenue $82,578

Investment Income $21

Other Revenue $135

TOTAL REVENUE $508,010

Expense Breakdown

Grants Paid $65,512

Salaries & Benefits $71,676

Fundraising Expenses $0

Other Expenses $387,911

TOTAL EXPENSES $525,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$508,010	$390,097	+0.3%
Expenses	$525,099	$484,794	+0.1%
Net Income	$-17,089	$-94,697	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR NICOLE AKPUNKU	TRUSTEE REGI	8.00	Director	$0	$0	$0
DR DAVID BAPTISTE	TRUSTEE AT-L	8.00	Director	$0	$0	$0
DR FRANK BARNES	PRESIDENT	8.00	Director	$0	$0	$0
DR SMITH BLANC	TRUSTEE REGI	8.00	Director	$0	$0	$0
DR TANYA CARTER	SECRETARY	8.00	Director	$0	$0	$0
DR JORDAN CLABOINE	TREASURER	8.00	Director	$0	$0	$0
DR SHAWN HOBBS	VICE PRESIDE	8.00	Director	$0	$0	$0
DR WILLIAM JACKSON	TRUSTEE REGI	8.00	Director	$0	$0	$0
DR CHANTAL JACQUES	TRUSTEE REGI	8.00	Director	$0	$0	$0
DR LARRY JONES	PAST PRESIDE	8.00	Director	$0	$0	$0
DR MARIAH MARSHALL	CO-TRUSTEE R	8.00	Director	$0	$0	$0
DR BREANNE MCGHEE	TRUSTEE AT-L	8.00	Director	$0	$0	$0
DR MARK ORSO	PRESIDENT EL	8.00	Director	$0	$0	$0
DR ARABA OTOO	CO-TRUSTEE R	8.00	Director	$0	$0	$0
DR WILLNELLA PETERS	TRUSTEE REGI	8.00	Director	$0	$0	$0
DR DANA SHANNON	TRUSTEE REGI	8.00	Director	$0	$0	$0
DR JACOB WILSON	TRUSTEE REGI	8.00	Director	$0	$0	$0
DR PARRES WRIGHT	ASSISTANT SE	8.00	Director	$0	$0	$0
DR BRITTANY WRIGHT	TRUSTEE AT-L	8.00	Director	$0	$0	$0

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
2024	$508,010	$525,099	$110,182	$-17,089
2023	$390,097	$484,794	$123,107	$-94,697
2022	$371,361	$350,214	$237,823	$21,147
2021	$298,297	$159,890	$216,850	$138,407
2020	$153,109	$169,252	$67,446	$-16,143
2019	$337,036	$300,902	$73,254	$36,134
2018	$284,861	$269,244	$77,374	$15,617