TEXAS OPTOMETRIC ASSOCIATION INC (EIN 741138105) - 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

1900

Legal Domicile

Principal Officer

SHERRY BALLANCE

Phone

5127072020

Tax Period

2023-01-01 to 2023-12-31

TEXAS OPTOMETRIC ASSOCIATION INC, founded in 1900, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 6% surplus.

Mission

DOCTORS OF OPTOMETRY WORKING TOGETHER TO ADVANCE EXCELLENCE IN EYECARE FOR EVERY TEXAN.

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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 $1,355,886

Program Service Revenue $1,021,289

Investment Income $65,640

Other Revenue $94,333

TOTAL REVENUE $2,537,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $488,037

Fundraising Expenses $0

Other Expenses $1,899,903

TOTAL EXPENSES $2,387,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,537,148	$2,241,289	+0.1%
Expenses	$2,387,940	$2,146,597	+0.1%
Net Income	$149,208	$94,692	+0.6%

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

$157,680

Total Directors

$11,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER DEAKINS	PRESIDENT	10.00	Officer Director	$10,000	$0	$10,000
KUMAR PATEL	PRESIDENT-ELECT	10.00	Officer Director	$0	$0	$0
BETH ROBINSON	SECRETARY/TREASURER	10.00	Officer Director	$0	$0	$0
MATT VALDES	IMMEDIATE PAST PRESIDENT	5.00	Director	$0	$0	$0
ADAM COX	TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL MALDONADO	TRUSTEE	5.00	Director	$1,600	$0	$1,600
VISSETT SUN	TRUSTEE	5.00	Director	$0	$0	$0
DAVID DINH	TRUSTEE	5.00	Director	$0	$0	$0
SHAWN PRAPTA	TRUSTEE	5.00	Director	$0	$0	$0
AJAY PATEL	TRUSTEE	5.00	Director	$0	$0	$0
RYAN PATEL	TRUSTEE	5.00	Director	$0	$0	$0
NEHA PATEL	TRUSTEE	5.00	Director	$0	$0	$0
KIMBERLY WAMPLER	TRUSTEE	5.00	Director	$0	$0	$0
SHERRY BALLANCE	EXECUTIVE DIRECTOR	40.00	Officer	$129,393	$18,287	$147,680

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
2024	No data	No data	No data	No data
2023	$2,537,148	$2,387,940	$6,782,956	$149,208
2022	$2,241,289	$2,146,597	$6,160,064	$94,692
2021	$1,952,678	$1,686,518	$6,628,968	$266,160
2020	$1,977,246	$1,942,938	$5,880,546	$34,308
2019	$2,378,381	$2,519,047	$6,223,509	$-140,666

TEXAS OPTOMETRIC ASSOCIATION INC