TEXAS OPHTHALMOLOGICAL ASSOCIATION (EIN 746062216) - 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

1956

Legal Domicile

Principal Officer

RACHAEL REED

Phone

5123701518

Tax Period

2025-01-01 to 2025-12-31

TEXAS OPHTHALMOLOGICAL ASSOCIATION, founded in 1956, is a small nonprofit that reported $539K in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year.

Mission

EDUCATION IN ADVANCING OPHTHALMOLOGICAL MEDICINE

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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 (2025)

Revenue Breakdown

Contributions & Grants $19,000

Program Service Revenue $502,844

Investment Income $0

Other Revenue $16,694

TOTAL REVENUE $538,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,170

Fundraising Expenses $0

Other Expenses $377,172

TOTAL EXPENSES $558,342

Year-over-Year Comparison

	2025	2024	Change
Revenue	$538,538	$588,890	-0.1%
Expenses	$558,342	$537,679	+0.0%
Net Income	$-19,804	$51,211	-1.4%

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

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

$168,463

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZEV SHULKIN MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN KERR MD	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
STEVEN MCKINLEY MD	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN FISH MD	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC PACKWOOD MD	SECRETARY	1.00	Director	$0	$0	$0
TIMOTHY MCCULLEY MD	COUNCILOR	1.00	Director	$0	$0	$0
CHARLOTTE AKOR MD	COUNCILOR	1.00	Director	$0	$0	$0
MATTHEW HAMMONS MD	COUNCILOR	1.00	Director	$0	$0	$0
ROCKY MCADAMS MD	COUNCILOR	1.00	Director	$0	$0	$0
KENNETH MAVERICK MD	COUNCILOR	1.00	Director	$0	$0	$0
JUSTUS THOMAS MD	COUNCILOR	1.00	Director	$0	$0	$0
BECKY FREDRICKSON MD	COUNCILOR	1.00	Director	$0	$0	$0
RACHAEL REED	EXECUTIVE DIRECTOR	40.00	Officer	$162,073	$6,390	$168,463

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	$538,538	$558,342	$1,073,325	$-19,804
2024	$588,890	$537,679	$1,081,427	$51,211
2023	$572,443	$616,617	$966,338	$-44,174
2022	$460,198	$567,364	$990,210	$-107,166
2021	$454,051	$468,595	$1,162,907	$-14,544
2020	$525,905	$453,493	$1,157,354	$72,412
2019	$639,652	$779,135	$1,020,972	$-139,483
2018	$642,495	$575,922	$1,141,939	$66,573

TEXAS OPHTHALMOLOGICAL ASSOCIATION