OPTICAL WOMENS ASSOCIATION INC

EIN: 752746409 Community Improvement

FARMERS BRANCH, TX

Total Revenue
$444,011
Total Expenses
$357,014
Total Assets
$886,379
Net Assets
$817,192
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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
2008
Legal Domicile
TX
Principal Officer
Megan Molony
Phone
9722339107
Tax Period
2025-01-01 to 2025-12-31

OPTICAL WOMENS ASSOCIATION INC, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $444K in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $87K, a strong 20% operating margin.

Mission

The Optical Womens Association is committed to supporting and promoting the professional development of women involved in all facets of the optical industry.

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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 (2025)

Revenue Breakdown

Contributions & Grants $293,516
Program Service Revenue $124,509
Investment Income $24,634
Other Revenue $1,352
TOTAL REVENUE $444,011

Expense Breakdown

Grants Paid $14,483
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $342,531
TOTAL EXPENSES $357,014

Year-over-Year Comparison

2025 2024 Change
Revenue $444,011 $488,262 -0.1%
Expenses $357,014 $436,769 -0.2%
Net Income $86,997 $51,493 +0.7%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
85

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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Megan Molony President 4.00
Officer Director
$0 $0 $0
Janna Neal Vice President 4.00
Officer Director
$0 $0 $0
Erika Plank SecretaryTreasurer 4.00
Officer Director
$0 $0 $0
Lorie Lippiatt OD Immediate Past President 4.00
Officer Director
$0 $0 $0
Reagan Colpitts Board Member 4.00
Director
$0 $0 $0
Kerri Ann DeCindis Board Member 4.00
Director
$0 $0 $0
Cha-Ling Delgado Board Member 4.00
Director
$0 $0 $0
Liz Friedfeld Board Member 4.00
Director
$0 $0 $0
Nancy Gries Board Member 4.00
Director
$0 $0 $0
Katie Lauver Board Member 4.00
Director
$0 $0 $0
Susan Ludwick Board Member 4.00
Director
$0 $0 $0
Christina Perraud Board Member 4.00
Director
$0 $0 $0
Joyce Pokoy-Kurtulus Board Member 4.00
Director
$0 $0 $0
Carol Wilbur Executive Director 20.00
Officer
$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 $444,011 $357,014 $886,379 $86,997
2024 No data No data No data No data
2023 $421,106 $354,618 $755,489 $66,488
2022 $372,057 $284,453 $689,881 $87,604
2021 $295,391 $127,688 $585,425 $167,703
2020 $300,528 $186,250 $433,459 $114,278
2019 $345,399 $253,035 $336,019 $92,364
2018 $318,177 $227,272 $196,090 $90,905
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