ADVANCING SIGHT NETWORK

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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

1970

Legal Domicile

Principal Officer

TERESA HAM

Phone

2059422120

Tax Period

2024-07-01 to 2025-06-30

ADVANCING SIGHT NETWORK, founded in 1970, is a mid-sized nonprofit that reported $15.2M in total revenue in fiscal year 2024.

Mission

WE ENHANCE LIVES BY RESTORING EYESIGHT IN OUR LOCAL AND GLOBAL COMMUNITIES THROUGH A NETWORK OF PARTNERSHIPS.

Program Service Accomplishments

Program 1

Expenses: $11,657,001 Revenue: $14,005,628

OUR MISSION IS THE RESTORATION OF SIGHT THROUGH TIMELY RECOVERY, PRECISION PROCESSING, AND EFFICIENT DISTRIBUTION OF THE HIGHEST QUALITY EYE TISSUES FOR TRANSPLANTATION, RESEARCH, AND TRAINING.

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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 $414,975

Program Service Revenue $12,687,987

Investment Income $813,738

Other Revenue $1,317,641

TOTAL REVENUE $15,234,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,723,611

Fundraising Expenses $192,100

Program Expenses $11,657,001

Other Expenses $5,762,020

TOTAL EXPENSES $15,485,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,234,341	$14,585,187	+0.0%
Expenses	$15,485,631	$14,627,407	+0.1%
Net Income	$-251,290	$-42,220	+5.0%

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

141

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

$996,174

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER HOLBY	CHAIRMAN	4.00	Officer Director	$0	$0	$0
GREG DAVIS	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
JAMES FREEMAN	SECRETARY/ ASSOCIATE MEDIC	4.00	Officer Director	$0	$0	$0
ROBERT FIELD	TREASURER	4.00	Officer Director	$0	$0	$0
TYLER HALL	MEDICAL DIRECTOR	4.00	Officer Director	$0	$0	$0
KRISTIN BAINS	ASSOCIATE MEDICAL DIRECTOR	4.00	Officer Director	$0	$0	$0
LEE CLANTON	MEMBER	4.00	Director	$0	$0	$0
WILLIAM COUNCE	MEMBER	4.00	Director	$0	$0	$0
RAEGAN DURANT	MEMBER	4.00	Director	$0	$0	$0
PRISCILLA FOWLER	MEMBER	4.00	Director	$0	$0	$0
JOHN FREEMAN	MEMBER	4.00	Director	$0	$0	$0
CLIFFORD HENDRICKS	MEMBER	4.00	Director	$0	$0	$0
ROBERT MALLETTE	MEMBER	4.00	Director	$0	$0	$0
ROBERT PHILLIPS	MEMBER	4.00	Director	$0	$0	$0
SHAH PULIN	MEMBER	4.00	Director	$0	$0	$0
ALAN BLAKE	PRESIDENT/ CEO	45.00	Officer	$325,063	$53,726	$378,789
TERESA HAM	CHIEF ADMINISTRATIVE OFFIC	45.00	Officer	$168,699	$37,226	$205,925
KYLE MAVIN	CHIEF CLINICAL OFFICER	45.00	Officer	$188,429	$34,805	$223,234
GREG GROSSMAN	CHIEF SCIENTIFIC OFFICER	45.00	Officer	$156,355	$31,871	$188,226

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	$15,234,341	$15,485,631	$17,366,590	$-251,290
2024	$14,585,187	$14,627,408	$17,761,580	$-42,221
2023	$13,551,297	$14,025,002	$17,064,797	$-473,705
2022	$13,312,394	$11,995,330	$16,847,283	$1,317,064
2021	$10,336,852	$9,934,907	$17,542,597	$401,945
2020	$8,722,367	$8,725,892	$14,406,276	$-3,525
2018	$7,422,293	$6,967,793	$12,989,508	$454,500