ARKANSAS OPTOMETRIC ASSOCIATION INC

EIN: 716065975

LITTLE ROCK, AR

Total Revenue
$933,195
Total Expenses
$869,873
Total Assets
$791,540
Net Assets
$771,922
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
AR
Phone
5016617675
Tax Period
2023-01-01 to 2023-12-31

ARKANSAS OPTOMETRIC ASSOCIATION INC, founded in 1964, is a small nonprofit that reported $872K in total revenue in fiscal year 2018. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

Conventions and programs regarding professional development and education servicing the association members. Public awareness to inform the programs available to them. Represent the optometrist with the legislative affairs in Arkansas.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $285,001
Program Service Revenue $615,163
Investment Income $19,271
Other Revenue $13,760
TOTAL REVENUE $933,195

Expense Breakdown

Grants Paid $0
Salaries & Benefits $210,920
Fundraising Expenses $0
Program Expenses $548,515
Other Expenses $419,026
TOTAL EXPENSES $869,873

Year-over-Year Comparison

2023 2022 Change
Revenue $933,195 $922,517 +0.0%
Expenses $869,873 $799,385 +0.1%
Net Income $63,322 $123,132 -0.5%
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

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Governance

Voting Members
11
Independent Members
11
Employees
2
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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICTORIA S FARMER EXECUTIVE DIRECTOR 40.00
$117,600 $8,127 $125,727
DR ALEX BELL president-elect 0.00
Officer Director
$0 $0 $0
DR JAMES HERTZOG President 0.00
Officer Director
$0 $0 $0
DR KATHRYN BROWN sec/treasurer 0.00
Officer Director
$0 $0 $0
DR BARRETT BROWN Director 0.00
Director
$0 $0 $0
DR ZACHARY BURROUGHS Director 0.00
Director
$0 $0 $0
DR JULIE DOLVEN Vice President 0.00
Officer Director
$0 $0 $0
DR SARAH LUNSFORD Director 0.00
Director
$0 $0 $0
DR MELIA ROBERTSON immd past presi 0.00
Officer Director
$0 $0 $0
DR JUSTIN BEAVERS Director 0.00
Director
$0 $0 $0
DR CHRISTOPHER TOLLETT Director 0.00
Director
$0 $0 $0
DR ALLISON HALL Director 0.00
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 No data No data No data No data
2023 $933,195 $869,873 $791,540 $63,322
2022 $922,517 $799,385 $712,856 $123,132
2021 $809,312 $724,567 $576,953 $84,745
2020 $743,539 $869,560 $492,106 $-126,021
2019 $852,403 $1,013,606 $617,675 $-161,203
2018 $871,689 $910,751 $778,739 $-39,062
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