UNIVERSITY OF ALABAMA OPHTHALMOLOG… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

STEPHEN YODER

Phone

2053258620

Tax Period

2023-10-01 to 2024-09-30

UNIVERSITY OF ALABAMA OPHTHALMOLOGY SERVICES FOUNDATION, founded in 1998, is a mid-sized nonprofit in the Human Services sector that reported $15.0M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

THE UNIVERSITY OF ALABAMA OPHTHALMOLOGY SERVICES FOUNDATION (OSF) IS A NON-PROFIT CORPORATION ORGANIZED TO SERVE THE EYE HEALTH NEEDS OF THE PEOPLE OF ALABAMA AND BEYOND THROUGH EXCELLENCE IN PATIENT CARE, MEDICAL EDUCATION, AND RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $13,878,902 Revenue: $14,009,590

OSF IS THE PRIVATE CLINICAL PRACTICE FOR THE FACULTY OF THE DEPARTMENT OF OPHTHALMOLOGY AND VISUAL SCIENCE, WHICH CONSISTS OF 35 FACULTY MEMBERS. FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024...

OSF IS THE PRIVATE CLINICAL PRACTICE FOR THE FACULTY OF THE DEPARTMENT OF OPHTHALMOLOGY AND VISUAL SCIENCE, WHICH CONSISTS OF 35 FACULTY MEMBERS. FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, PHYSICIANS IN OSF PROVIDED OPHTHALMIC OUTPATIENT SERVICES TO APPROXIMATELY 122,000 PATIENTS IN CENTRAL ALABAMA.

Program 2

Expenses: $749,098 Revenue: $0

OSF PROMOTES GROUNDBREAKING BASIC SCIENCE AND CLINICAL RESEARCH RELATED TO TREATING DISEASES OF THE EYE WITH THE UNDERSTANDING THAT BOTH ARE CRITICAL BUILDING BLOCKS FOR FUTURE PROGRESS IN THE FIELD...

Program 3

Expenses: $270,135 Revenue: $0

OSF ALSO SUPPORTS THE RESIDENCY PROGRAM FOR STUDENTS OF THE UNIVERSITY OF ALABAMA AT BIRMINGHAM DEPARTMENT OF OPHTHALMOLOGY AND VISUAL SCIENCE TO ENSURE THAT A CONTINUING STREAM OF HIGHLY TRAINED...

OSF ALSO SUPPORTS THE RESIDENCY PROGRAM FOR STUDENTS OF THE UNIVERSITY OF ALABAMA AT BIRMINGHAM DEPARTMENT OF OPHTHALMOLOGY AND VISUAL SCIENCE TO ENSURE THAT A CONTINUING STREAM OF HIGHLY TRAINED OPHTHALMOLOGISTS WILL BE ABLE TO CARE FOR THE POPULATION OF THE STATE OF ALABAMA AND THE NATION.

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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 $1,000,000

Program Service Revenue $14,009,590

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,009,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,875,537

Fundraising Expenses $0

Program Expenses $14,898,135

Other Expenses $1,022,598

TOTAL EXPENSES $14,898,135

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,009,590	$17,342,172	-0.1%
Expenses	$14,898,135	$18,007,088	-0.2%
Net Income	$111,455	$-664,916	-1.2%

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

$1,676,100

Total Directors

$3,473,497

Key Employees

$647,390

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN BULGARELLA	DIRECTOR	0.25	Director	$0	$106,175	$2,633,227
BRIAN SAMUELS	PRESIDENT	40.0	Officer Director	$423,116	$141,969	$834,244
ROBERT KNOX	PHYSICIAN	40.0	Highest	$726,646	$67,298	$798,944
DARRELL JOINER MD	PHYSICIAN	40.0	Highest	$696,933	$80,318	$784,771
MICHAEL CALLAHAN MD	PHYSICIAN	40.0	Highest	$594,353	$77,322	$681,675
JASON SWANNER MD	DIRECTOR OF CLINICAL OPERATION	40.0	Key Emp	$568,670	$68,706	$647,390
GARRETT GROVER	CEO	40.0	Officer	$0	$111,535	$619,352
JAMES W BLACKSTONE MD	PHYSICIAN	40.0	Highest	$539,845	$64,582	$609,427
CHRISTOPHER GIRKIN MD	FORMER PRESIDENT	1.0		$94,345	$68,894	$534,821
BLYTHE MONHEIT MD	PHYSICIAN	40.0	Highest	$465,428	$58,698	$529,316
SHELBY SMITH	SECRETARY/TREASURER	8.0	Officer	$0	$21,770	$222,504
STEPHEN YODER JD	CHAIRMAN	1.0	Director	$0	$84	$6,026
DANNY MCKINNEY	BOARD MEMBER	1.0	Director	$0	$0	$0
JOAN RAGSDALE	BOARD MEMBER	1.0	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	$15,009,590	$14,898,135	$1,661,929	$111,455
2023	$17,342,172	$18,007,088	$2,449,668	$-664,916
2022	$16,115,213	$16,382,215	$2,949,926	$-267,002
2021	$13,818,197	$13,837,371	$3,172,403	$-19,174
2020	$11,768,940	$11,438,698	$3,069,932	$330,242
2019	$11,963,857	$12,122,669	$2,398,659	$-158,812
2018	$10,541,993	$10,755,922	$2,581,242	$-213,929

UNIVERSITY OF ALABAMA OPHTHALMOLOGY SERVICES FOUNDATION