Eye Bank Association of America

EIN: 720678970 501(c)(3)

Chantilly, VA

Total Revenue
$3,123,103
Total Expenses
$3,007,212
Total Assets
$14,037,438
Net Assets
$10,944,916
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
IL
Principal Officer
Kevin Corcoran
Phone
2022070883
Tax Period
2024-07-01 to 2025-06-30

Eye Bank Association of America, founded in 1969, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Expenses of $3.0M left a modest 4% surplus.

Mission

The EBAA champions the restoration of sight through core services to its members which advance donation, transplantation, and research in their communities and throughout the world.

Program Service Accomplishments

Program 1
Expenses: $161,615

Quality Assurance Program Monitor uniform operating procedures and standards of integrity among member Eye Banks

Program 2
Expenses: $1,772,254

Direct Consultation and Education Provide direct consultation and education to Eye Banks

Program 3
Expenses: $131,684

Research grants and fellowships

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,938
Program Service Revenue $2,298,972
Investment Income $691,492
Other Revenue $109,701
TOTAL REVENUE $3,123,103

Expense Breakdown

Grants Paid $134,442
Salaries & Benefits $1,348,532
Fundraising Expenses $68,407
Program Expenses $2,065,553
Other Expenses $1,524,238
TOTAL EXPENSES $3,007,212

Year-over-Year Comparison

2024 2023 Change
Revenue $3,123,103 $3,170,734 0.0%
Expenses $3,007,212 $2,792,093 +0.1%
Net Income $115,891 $378,641 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
11
Employees
6
Volunteers
250

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
4
$431,308
Total Directors
13
$431,308
Key Employees
4
$670,445
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Corcoran Kevin President CEO 040.00
Officer Director
$362,223 $69,085 $431,308
DeMatteo Jennifer Director of Regulations and Standards 040.00
Key Emp
$177,718 $31,592 $209,310
Gardner Stacey Director of Education 040.00
Key Emp
$154,252 $28,954 $183,206
Bayus Colleen Director of Communications 040.00
Key Emp Highest
$123,187 $23,296 $146,483
Genevieve Magnuson DIrector of Member Services 040.00
Key Emp Highest
$109,139 $22,307 $131,446
Quirk Jim Chair 001.00
Officer Director
$0 $0 $0
Kaufman Adam Secretary/Treasurer 001.00
Officer Director
$0 $0 $0
Chamberlain Winston Chair-Elect 001.00
Director
$0 $0 $0
Schweitzer Shannon Board 001.00
Officer Director
$0 $0 $0
Li Jennifer Immediate Past Chair 001.00
Director
$0 $0 $0
Mian Shahzad MAB Chair 001.00
Director
$0 $0 $0
Baker Esther Board 001.00
Director
$0 $0 $0
Jameson Clover Board 001.00
Director
$0 $0 $0
McCoy Kristen Board 001.00
Director
$0 $0 $0
Rhee Michelle Board 001.00
Director
$0 $0 $0
Hanna Chris Board 001.00
Director
$0 $0 $0
Samuel Ramos Board 001.00
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
2025 $3,123,103 $3,007,212 $14,037,438 $115,891
2024 $3,170,734 $2,792,093 $13,128,274 $378,641
2023 $3,337,513 $2,681,531 $10,738,353 $655,982
2022 $2,468,860 $2,503,021 $9,059,194 $-34,161
2021 $2,679,568 $2,167,571 $10,818,974 $511,997
2020 $2,504,281 $2,322,765 $9,110,902 $181,516
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