OPTOMETRIC EXTENSION PROGRAM FOUNDATION INC

EIN: 730664688 501(c)(3) Health Care

TIMONIUM, MD

Total Revenue
$620,135
Total Expenses
$568,963
Total Assets
$1,087,243
Net Assets
$1,074,500
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
CA
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 IN THE FIELD OF BEHAVIORAL OPTOMETRY FOR OPTOMETRISTS AND OPTOMETRIC ASSISTANTS BENEFITTING THE GENERAL PUBLIC

Program Service Accomplishments

Program 1
Expenses: $488,037 Revenue: $582,178

THE OPTOMETRIC EXTENSION PROGRAM FOUNDATION'S CLINICAL CORRICULUM IS COMPRISED OF FOUR CORE COURSES WHICH RUN THROUGHOUT THE YEAR. THE FOUR COURSES ARE THE ART & SCIENCE OF OPTOMETRIC CARE...

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THE OPTOMETRIC EXTENSION PROGRAM FOUNDATION'S CLINICAL CORRICULUM IS COMPRISED OF FOUR CORE COURSES WHICH RUN THROUGHOUT THE YEAR. THE FOUR COURSES ARE THE ART & SCIENCE OF OPTOMETRIC CARE, VT1/VISUAL DYSFUNCTIONS, VT2/LEARNING RELATED VISUAL PROBLEMS, VT3/STRABISMUS & AMBLYOPIA. THE CORE COURSES ARE SUPPLEMENTED BY A FOURTH VT4/ SPECIAL AREAS COURSE. ALL COURSES ARE TAUGHT BY THE INTERNATIONAL FACULTY OF OPTOMETRIC EXTENSION PROGRAM FOUNDATION INSTRUCTORS.

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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 $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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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
3
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
$174,567
Total Directors
6
$174,567
Key Employees
0
$0
Highest Compensated
0
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
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