FOUNDATION OF THE AMERICAN SOCIETY OF RETINA SPECIALISTS INC

EIN: 742955964 501(c)(3) International Affairs

CHICAGO, IL

Total Revenue
$834,840
Total Expenses
$689,008
Total Assets
$5,158,423
Net Assets
$1,389,207
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IL
Phone
3125788760
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION OF THE AMERICAN SOCIETY OF RETINA SPECIALISTS INC, founded in 2005, is a small nonprofit in the International Affairs sector that reported $835K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $146K, a strong 17% operating margin.

Mission

THE FOUNDATION ENDEAVORS TO SUPPORT PRACTITIONERS AND PATIENTS IN ALL ASPECTS OF VITREORETINAL 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 $37,761
Program Service Revenue $733,533
Investment Income $63,546
Other Revenue $0
TOTAL REVENUE $834,840

Expense Breakdown

Grants Paid $17,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $622,750
Other Expenses $672,008
TOTAL EXPENSES $689,008

Year-over-Year Comparison

2023 2022 Change
Revenue $834,840 $764,153 +0.1%
Expenses $689,008 $641,975 +0.1%
Net Income $145,832 $122,178 +0.2%
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
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
8
$0
Total Directors
31
$0
Key Employees
0
$0
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
GUARAV 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 TREASURER 1.00
Officer Director
$0 $0 $0
GEOFFREY G EMERSON MD PHD 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 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 DIRECTOR 1.00
Director
$0 $0 $0
BASIL K WILLIAMS MD 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 DIRECTOR 1.00
Director
$0 $0 $0
ANDRE J WITKIN MD DIRECTOR 1.00
Director
$0 $0 $0
CAMILLE V PALMA MD 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 DIRECTOR 1.00
Director
$0 $0 $0
PHILLIP J FERRONE MD 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
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 $834,840 $689,008 $5,158,423 $145,832
2022 $764,153 $641,975 $3,433,192 $122,178
2021 $831,589 $471,385 $3,556,060 $360,204
2020 $69,142 $43,962 $3,793,908 $25,180
2019 $21,453 $26,970 $747,223 $-5,517
2018 $23,987 $26,915 $746,519 $-2,928
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