Hermann Eye Fund

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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

1980

Legal Domicile

Phone

7135003804

Tax Period

2024-08-01 to 2025-07-31

Hermann Eye Fund, founded in 1980, is a small nonprofit in the Medical Research sector that reported $914K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 196% operating deficit.

Mission

HERMANN EYE FUND PROVIDES FUNDING FOR: PATIENT SERVICES; INDIGENT CARE; TEACHING AND TRAINING RESIDENTS, FELLOWS, INTERNS, MEDICAL STUDENTS, NURSES, OPHTHALMIC ASSISTANTS, ALLIED HEALTH PERSONNEL, PRACTICING PHYSICIANS AND OPTOMETRISTS; AND SCIENTIFIC RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $248,232

HERMANN EYE FUND PROVIDES FUNDING FOR INDIGENT PATIENT CARE TO PATIENTS WITH EYE PROBLEMS.

Program 2

HERMANN EYE FUND PROVIDES FUNDS TO THE UNIVERSITY OF TEXAS DEPARTMENT OF OPHTHALMOLOGY TO AID IN RESEARCH, EDUCATION OF STUDENTS AND FACULTY, COMMUNITY SERVICE, AND PATIENT EDUCATION AND CARE.

Program 3

FUNDING FOR RESEARCH OF EYE-RELATED SUBJECTS. THE RESEARCH IS DONE CONTINUALLY WITH ASSISTANCE FROM THE DEPARTMENT OF OPHTHALMOLOGY AT THE UNIVERSITY OF TEXAS MEDICAL CENTER AT HOUSTON.

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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 $12,669

Program Service Revenue $0

Investment Income $736,970

Other Revenue $164,231

TOTAL REVENUE $913,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $248,232

Other Expenses $2,701,633

TOTAL EXPENSES $2,701,633

Year-over-Year Comparison

	2024	2023	Change
Revenue	$913,870	$3,316,138	-0.7%
Expenses	$2,701,633	$2,942,276	-0.1%
Net Income	$-1,787,763	$373,862	-5.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA HAWKINS	SECRETARY	1.0	Officer Director	$0	$0	$0
KEVIN DILLON	TREASURER	1.0	Officer Director	$0	$0	$0
PAULA CIZIK	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
RICHARD ANDRASSY MD	PRESIDENT	0.5	Officer Director	$0	$0	$0
ANNE NEESON	BOARD MEMBER	0.5	Director	$0	$0	$0
JAMES MCCARTHY MD	BOARD MEMBER	0.5	Director	$0	$0	$0
Roland Garcia	Board Member	0.5	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	$913,870	$2,701,633	$27,592,231	$-1,787,763
2024	$3,316,138	$2,942,276	$28,160,900	$373,862
2023	$1,909,876	$1,895,345	$30,605,731	$14,531
2022	$4,800,170	$2,430,398	$31,152,690	$2,369,772
2021	$1,787,346	$2,956,238	$36,488,074	$-1,168,892
2019	$20,482,205	$2,466,075	$36,060,472	$18,016,130
2018	$2,162,252	$2,649,526	$16,954,411	$-487,274