THE EYESIGHT FOUNDATION OF ALABAMA… - 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

1997

Legal Domicile

Principal Officer

BARBARA EVERS

Phone

2054880771

Tax Period

2023-07-01 to 2024-06-30

THE EYESIGHT FOUNDATION OF ALABAMA INC, founded in 1997, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 350% from the prior year, signaling strong growth momentum. Net assets of $52.1M represent 349 months of operating reserves.

Mission

TO SERVE AS A CATALYST FOR IMPROVING EYESIGHT THROUGH EDUCATION, RESEARCH AND ACCESS TO CARE.

Program Service Accomplishments

Program 1

Expenses: $1,626,380

DURING 2023, THE EYESIGHT FOUNDATION OF ALABAMA CONTINUED TO FOCUS ON GRANTS, PARTICULARLY IN SUPPORT OF THE UNIVERSITY OF ALABAMA AT BIRMINGHAM DEPARTMENT OF OPTHALMOLOGY AND VISUAL SCIENCES'...

DURING 2023, THE EYESIGHT FOUNDATION OF ALABAMA CONTINUED TO FOCUS ON GRANTS, PARTICULARLY IN SUPPORT OF THE UNIVERSITY OF ALABAMA AT BIRMINGHAM DEPARTMENT OF OPTHALMOLOGY AND VISUAL SCIENCES' RESEARCH, EDUCATION AND CLINICAL CARE ENDEAVORS. EYESIGHT FOUNDATION'S SUPPORT ALSO ADDS VALUE TO THE WORK OF COMMUNITY-BASED (NON-UAB) NONPROFITS SERVING BLIND AND VISUALLY IMPAIRED PEOPLE BY PROVIDING VISION SCREENINGS, EYE GLASSES, SENSORY EQUIPMENT FOR THERAPY FOR BABIES AND CHILDREN, AND SO FORTH.

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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 $219,912

Program Service Revenue $0

Investment Income $1,567,821

Other Revenue $0

TOTAL REVENUE $1,787,733

Expense Breakdown

Grants Paid $1,559,935

Salaries & Benefits $132,891

Fundraising Expenses $0

Program Expenses $1,626,380

Other Expenses $63,110

TOTAL EXPENSES $1,755,936

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,787,733	$396,922	+3.5%
Expenses	$1,755,936	$2,359,991	-0.3%
Net Income	$31,797	$-1,963,069	-1.0%

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

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

$105,686

Total Directors

$1,782,185

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEROY ABRAHAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
LORA BLALOCK	BOARD MEMBER	1.00	Director	$0	$0	$97,934
MIKE CALLAHAN	BOARD MEMBER	1.00	Director	$0	$0	$611,124
LEE CLANTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN COLEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
HARTWELL DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
FELIX DRENNEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT FIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA FLAHERTY-GOLDSMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE GARZON	PRESIDENT/CHAIR	1.00	Officer Director	$0	$0	$0
ALISON GORRIE	BOARD MEMBER	1.00	Director	$0	$0	$0
RETT GROVER	BOARD MEMBER	1.00	Director	$0	$0	$485,591
CAROLINE LITTLE	GRANTS CHAIR	1.00	Officer Director	$0	$0	$0
KOKO MACKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH MANDELL	VICE PRESIDENT/VICE CHAIR	1.00	Officer Director	$0	$0	$0
DANNY MCKINNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL PASSAFIUME	TREASURER	1.00	Officer Director	$0	$0	$0
ANDY ROBISON	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN SAMUELS	BOARD MEMBER	1.00	Director	$0	$0	$581,594
SPENCER SOUTH	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE YODER	BOARD MEMBER	1.00	Director	$0	$0	$5,942
BARBARA EVERS	EXEC DIRECTOR	40.00	Officer	$105,686	$0	$105,686

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	No data	No data	No data	No data
2024	$1,787,733	$1,755,936	$52,135,934	$31,797
2023	$396,922	$2,359,991	$48,776,312	$-1,963,069
2022	$7,613,281	$2,515,086	$47,808,269	$5,098,195
2021	$4,690,404	$2,552,150	$60,500,289	$2,138,254
2020	$1,910,790	$2,313,889	$49,526,356	$-403,099
2019	$2,124,900	$6,962,813	$49,150,831	$-4,837,913
2018	$2,356,337	$2,666,101	$49,228,098	$-309,764

THE EYESIGHT FOUNDATION OF ALABAMA INC