AMERICAN SOCIETY OF RETINA SPECIALISTS INC

EIN: 742251032 501(c)(3) Philanthropy & Grantmaking

CHICAGO, IL

Total Revenue
$272,520
Total Expenses
$299,171
Total Assets
$3,836,735
Net Assets
$1,336,735
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
TX
Phone
3125788760
Tax Period
2023-01-01 to 2023-12-31

AMERICAN SOCIETY OF RETINA SPECIALISTS INC, founded in 1982, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $273K in total revenue in fiscal year 2023. Revenue surged 271% from the prior year, signaling strong growth momentum. Net assets of $1.3M represent 59 months of operating reserves.

Mission

THE MISSION OF THE AMERICAN SOCIETY OF RETINA SPECIALISTS IS TO PROVIDE A COLLEGIAL OPEN FORUM FOR EDUCATION, TO ADVANCE THE UNDERSTANDING AND TREATMENT OF VITREORETINAL DISEASES, AND TO ENHANCE THE ABILITY OF ITS MEMBERS TO PROVIDE THE HIGHEST QUALITY OF PATIENT CARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $56,700
Program Service Revenue $215,820
Investment Income $0
Other Revenue $0
TOTAL REVENUE $272,520

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $291,005
Other Expenses $299,171
TOTAL EXPENSES $299,171

Year-over-Year Comparison

2023 2022 Change
Revenue $272,520 $73,475 +2.7%
Expenses $299,171 $133,285 +1.2%
Net Income $-26,651 $-59,810 -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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
31
Independent Members
31
Employees
N/A
Volunteers
31

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
8
$0
Total Directors
31
$0
Key Employees
2
$909,145
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REGINALD J SANDERS MD PRESIDENT 1.00
Officer Director
$0 $0 $0
J MICHAEL JUMPER MD PRESIDENT-ELECT 1.00
Officer Director
$0 $0 $0
GAURAV K SHAH MD CREDENTIALS CHAIR 1.00
Officer Director
$0 $0 $0
CHARLES C WYKOFF MD PHD SECRETARY 1.00
Officer Director
$0 $0 $0
AUDINA M BERROCAL MD FASRS TREASURER 1.00
Officer Director
$0 $0 $0
GEOFFREY G EMERSON MD PHD FASRS PROGRAM CHAIR 1.00
Officer Director
$0 $0 $0
CHRISTINA Y WENG MD MBA CHAIR, COUNCIL ON EDUCATIO 1.00
Officer Director
$0 $0 $0
JUDY E KIM MD FASRS IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
LISA C OLMOS DE KOO MD MBA DIRECTOR 1.00
Director
$0 $0 $0
JAMES C MAJOR MD PHD FACS FASRS DIRECTOR 1.00
Director
$0 $0 $0
BASIL K WILLIAMS MD FASRS DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL M LAI MD PHD DIRECTOR 1.00
Director
$0 $0 $0
ADRIENNE W SCOTT MD DIRECTOR 1.00
Director
$0 $0 $0
PAUL HAHN MD PHD FASRS DIRECTOR 1.00
Director
$0 $0 $0
SUNIR J GARG MD DIRECTOR 1.00
Director
$0 $0 $0
ANKOOR R SHAH MD FASRS DIRECTOR 1.00
Director
$0 $0 $0
ANDRE J WITKIN MD FASRS DIRECTOR 1.00
Director
$0 $0 $0
CAMILLE V PALMA MD FASRS DIRECTOR 1.00
Director
$0 $0 $0
JUSTIS P EHLERS MD DIRECTOR 1.00
Director
$0 $0 $0
AKITO HIRAKATA MD DIRECTOR 1.00
Director
$0 $0 $0
JERZY NAWROCKI MD PHD DIRECTOR 1.00
Director
$0 $0 $0
ALEKSANDRA V RACHITSKAYA MD DIRECTOR 1.00
Director
$0 $0 $0
ERIC W SCHNEIDER MD DIRECTOR 1.00
Director
$0 $0 $0
VIVIENNE S HAU MD PHD DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY S HEIER MD DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY G MURRAY MD MBA DIRECTOR 1.00
Director
$0 $0 $0
CARL C AWH MD FASRS DIRECTOR 1.00
Director
$0 $0 $0
PHILLIP J FERRONE MD FASRS DIRECTOR 1.00
Director
$0 $0 $0
JERALD A BOVINO MD DIRECTOR 1.00
Director
$0 $0 $0
ROY A LEVIT MD DIRECTOR 1.00
Director
$0 $0 $0
ALLEN Z VERNE MD DIRECTOR 1.00
Director
$0 $0 $0
JILL F BLIM MS EXECUTIVE VICE PRESIDENT 1.00
Key Emp
$0 $61,263 $646,704
STACY KIFF VICE PRESIDENT, EDUCATION 4.00
Key Emp
$0 $21,608 $262,441
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 $272,520 $299,171 $3,836,735 $-26,651
2022 $73,475 $133,285 $3,863,386 $-59,810
2021 $35,700 $77,110 $3,923,196 $-41,410
2020 $1,825 $24,612 $4,464,606 $-22,787
2019 $328,280 $182,616 $1,487,395 $145,664
2018 $246,440 $174,379 $1,341,732 $72,061
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