FOUNDATION OF THE AMERICAN SOCIETY… - Form 990 Financial Data

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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

2005

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $622,750 Revenue: $733,533

THROUGH OUR WEBSITE WE INCREASED PUBLIC AWARENESS OF RETINAL DISEASES, INCLUDING WAYS TO IMPROVE, PRESERVE, AND RESTORE VISION. AN EMPHASIS WAS MADE ON EDUCATING THE PUBLIC ON THE BENEFITS OF THE...

THROUGH OUR WEBSITE WE INCREASED PUBLIC AWARENESS OF RETINAL DISEASES, INCLUDING WAYS TO IMPROVE, PRESERVE, AND RESTORE VISION. AN EMPHASIS WAS MADE ON EDUCATING THE PUBLIC ON THE BENEFITS OF THE PREVENTION OF AG MACULAR DEGENERATION.THE FOUNDATIONS ALSO PRESENTS THE RETINA YOUNG INVESTIGATOR AWARD. THE RETINA YOUNG INVESTIGATOR AWARD, ESTABLISHED TO NOR PAST LEADERS OF THE ASRS AND TO SERVICE AS A MEANS TO NURTURE THE DEVELOPMENT OF THE NEXT GENERATION OF RETINA LEADERS, ENCOURAGES RESEARCHERS TO UNDERTAKE INVESTIGATIVE WORK IN CRITICAL AREAS OF RETINAL DISEASES THAT MAY ONE DAY LEAD TO MEANINGFUL IMPROVEMENTS IN PATIENTS' LIVES. THE AWARD WAS GIVEN BASED ON AN OUTSTANDING PAPER PUBLISHED DURING THE PAST YEAR.

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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 $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

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

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

Total Directors

Key Employees

Highest Compensated

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

FOUNDATION OF THE AMERICAN SOCIETY OF RETINA SPECIALISTS INC