OPTOMETRIC EXTENSION PROGRAM FOUNDATION INC (EIN 730664688) - Form 990 Financial Analysis & Trantor Score

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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

1967

Legal Domicile

Principal Officer

ERIC HUSSEY

Phone

4105613791

Tax Period

2024-10-01 to 2025-09-30

OPTOMETRIC EXTENSION PROGRAM FOUNDATION INC, founded in 1967, is a small nonprofit in the Health Care sector that reported $620K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $569K left a modest 8% surplus.

Mission

EDUCATION AND RESEARCH OF BEHAVIORAL OPTOMETRY FOR OPTOMETRISTS AND OPTOMETRIC ASSISTANTS BENEFITTING THE GENERAL PUBLIC.

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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 $1,607

Program Service Revenue $545,655

Investment Income $53,034

Other Revenue $19,839

TOTAL REVENUE $620,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,007

Fundraising Expenses $0

Program Expenses $488,037

Other Expenses $260,956

TOTAL EXPENSES $568,963

Year-over-Year Comparison

	2024	2023	Change
Revenue	$620,135	$722,553	-0.1%
Expenses	$568,963	$767,548	-0.3%
Net Income	$51,172	$-44,995	-2.1%

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

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

$174,567

Total Directors

$174,567

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC HUSSEY OD	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
BRADLEY HABERMEHL OD	TREASURER	10.00	Officer Director	$0	$0	$0
FRED HUGH BRECHEEN OD	SECRETARY	10.00	Officer Director	$0	$0	$0
PAMELA SCHNELL OD	VICE CHAIR	10.00	Officer Director	$0	$0	$0
LINE VREVEN	PRESIDENT AND CEO	40.00	Officer Director	$143,000	$31,567	$174,567
TAMARA VIKTORY PETROSYAN OD	DIRECTOR/TRUSTEE	10.00	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	$620,135	$568,963	$1,087,243	$51,172
2024	$722,553	$767,548	$1,007,808	$-44,995
2023	$639,633	$606,907	$919,329	$32,726
2022	$751,158	$743,999	$872,245	$7,159
2021	$1,202,743	$787,959	$976,175	$414,784
2020	$1,024,602	$731,116	$579,864	$293,486
2019	$1,278,115	$1,298,915	$398,291	$-20,800
2018	$1,085,774	$1,222,336	$634,946	$-136,562

OPTOMETRIC EXTENSION PROGRAM FOUNDATION INC