VIZAVANCE INC

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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

1965

Legal Domicile

Principal Officer

DIANNA BONFIGLIO

Phone

4058487123

Tax Period

2023-07-01 to 2024-06-30

VIZAVANCE INC, founded in 1965, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $764K, a strong 47% operating margin.

Mission

ADVANCING CHILDREN'S EDUCATION THROUGH BETTER VISION, BY OFFERING FREE VISION SCREENINGS TO OKLAHOMA'S CHILDREN TO IDENTIFY VISION ISSUES THAT, IF NEVER IDENTIFIED, COULD SERIOUSLY HAMPER A CHILD'S ABILITY TO SUCCEED ACADEMICALLY. TO BE THE LEADING NONPROFIT ORGANIZATION IN THE REGION PROVIDING VISION SCREENINGS TO ALL CHILDREN SO THEY MAY REACH THEIR FULL EDUCATIONAL POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $211,049

PUBLIC HEALTH EDUCATION: INFORMING THE GENERAL PUBLIC ABOUT BASIC FACTS OF VISION CARE, HEALTH AND SAFETY, AND MOTIVATING THEM TO APPROPRIATE ACTION, CONDUCTED THROUGH MASS MEDIA SUCH AS TELEVISION, RADIO, NEWSPAPERS, MAGAZINES, AND FILMS, AND THROUGH THE DISTRIBUTION OF VIZAVANCE PUBLICATIONS, SOCIAL MEDIA CHANNELS, AND THROUGH RESPONSES TO PHONE AND WRITTEN INQUIRIES FROM THE PUBLIC.

Program 2

Expenses: $194,153

PROFESSIONAL EDUCATION AND TRAINING: SERVING AS AN AUTHORITATIVE SOURCE OF INFORMATION OF THE LATEST DEVELOPMENT IN VISION AND EYE CARE SO THAT THE EYE CARE PROFESSIONALS, NURSES, TEACHERS AND OTHERS IN BLINDNESS PREVENTION CAN BETTER SERVICE THEIR CLIENTS. PROVIDING STATE APPROVED TRAINING FOR NURSES AND SCHOOL STAFF IN CHART AND PHOTO SCREENING.

Program 3

Expenses: $349,766 Revenue: $98,571

COMMUNITY SERVICE: SPONSORING AND PROMOTING SCREENING PROGRAMS FOR THE EARLY DETECTION OF SIGNS OF EYE TROUBLE AMOUNG PRESCHOOL CHILDREN, SCHOOL AGED CHILDREN, AND ADULTS, PARTICULARLY AMBLYOPIA...

COMMUNITY SERVICE: SPONSORING AND PROMOTING SCREENING PROGRAMS FOR THE EARLY DETECTION OF SIGNS OF EYE TROUBLE AMOUNG PRESCHOOL CHILDREN, SCHOOL AGED CHILDREN, AND ADULTS, PARTICULARLY AMBLYOPIA (LAZY EYE) IN CHILDREN, AND GLAUCOMA AND AMD (AGE-RELATED MACULAR DEGENERATION) IN ADULTS. VIZAVANCE PROVIDES REFERRALS TO CHILDREN AND ADULTS WHO DO NOT PASS THE SCREENINGS AND NEED MEDICAL FOLLOW-UP. VOUCHERS FOR FREE EXAMS AND GLASSES ARE PROVIDED FOR FAMILIES WHO QUALIFY.

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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 $903,208

Program Service Revenue $98,571

Investment Income $624,405

Other Revenue $-12,970

TOTAL REVENUE $1,613,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $527,039

Fundraising Expenses $56,664

Program Expenses $754,968

Other Expenses $321,909

TOTAL EXPENSES $848,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,613,214	$874,285	+0.8%
Expenses	$848,948	$815,575	+0.0%
Net Income	$764,266	$58,710	+12.0%

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

3869

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

$97,469

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ROBERT LEONARD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KURT SCHNEITER	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
JOHN LOGAN	TREASURER	1.00	Officer Director	$0	$0	$0
EVAN MCCORMICK	SECRETARY	1.00	Officer Director	$0	$0	$0
LANCE BAKER	DIRECTOR	1.00	Director	$0	$0	$0
STAN CHASE	DIRECTOR	1.00	Director	$0	$0	$0
DR TREVOR CONKLIN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FRYREAR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HUTCHINSON	DIRECTOR	1.00	Director	$0	$0	$0
DR DAVID KORBER	DIRECTOR	1.00	Director	$0	$0	$0
BRAD MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
KYMBERLY MORELLA	DIRECTOR	1.00	Director	$0	$0	$0
JULIE O'KEEFE	DIRECTOR	1.00	Director	$0	$0	$0
JIM PARHAM	DIRECTOR	1.00	Director	$0	$0	$0
DON STANTON	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA VONFELDT	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
DIANNA BONFIGLIO	PRESIDENT/CE	40.00	Officer	$80,000	$17,469	$97,469

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	$1,613,214	$848,948	$5,192,140	$764,266
2023	$874,285	$815,575	$4,312,739	$58,710
2022	$816,128	$767,933	$3,896,659	$48,195
2021	$696,948	$733,765	$4,576,934	$-36,817
2020	$1,160,826	$774,186	$3,617,884	$386,640
2019	$850,658	$824,902	$3,682,484	$25,756
2018	$768,491	$807,408	$3,516,341	$-38,917