HOUSTON EYE ASSOCIATES FOUNDATION

EIN: 760046317 501(c)(3) Unknown

HOUSTON, TX

Total Revenue
$206,917
Total Expenses
$657,500
Total Assets
$2,996,263
Net Assets
$2,930,698
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
TX
Principal Officer
ELLEN EFSIC
Phone
7135588740
Tax Period
2023-01-01 to 2023-12-31

HOUSTON EYE ASSOCIATES FOUNDATION, founded in 1981, is a small nonprofit in the Unknown sector that reported $207K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $658K exceeded revenue, resulting in a 218% operating deficit.

Mission

HOUSTON EYE ASSOCIATES FOUNDATION IS COMMITTED TO PRESERVING AND WORKING TO RESTORE SIGHT AND REMOVING ECONOMIC AND CULTURAL BARRIERS TO QUALITY, COMPREHENSIVE VISION CARE FOR TEXANS IN NEED.

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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 $224,691
Program Service Revenue $0
Investment Income $-26,541
Other Revenue $8,767
TOTAL REVENUE $206,917

Expense Breakdown

Grants Paid $246,515
Salaries & Benefits $270,527
Fundraising Expenses $65,784
Program Expenses $495,350
Other Expenses $140,458
TOTAL EXPENSES $657,500

Year-over-Year Comparison

2023 2022 Change
Revenue $206,917 $700,719 -0.7%
Expenses $657,500 $690,700 0.0%
Net Income $-450,583 $10,019 -46.0%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
4
Volunteers
98

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
3
$100,000
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARITY GRANNIS MD DIRECTOR 0.50
Director
$0 $0 $0
IRV WISHNOW OD DIRECTOR 0.50
Director
$0 $0 $0
JANET BLAKE PHD DIRECTOR 0.50
Director
$0 $0 $0
JULIE CAGGIANO DIRECTOR 0.50
Director
$0 $0 $0
JUSTUS W THOMAS MD SECRETARY 0.50
Officer Director
$0 $0 $0
LANIER WHILDEN DIRECTOR 0.50
Director
$0 $0 $0
MARK C VITAL MD FACS DIRECTOR 0.50
Director
$0 $0 $0
NOEL FOREMAN DIRECTOR 0.50
Director
$0 $0 $0
SABRINA MCTOPY DIRECTOR 0.50
Director
$0 $0 $0
SAMIH ELCHAHAL MD DIRECTOR 0.50
Director
$0 $0 $0
TIM KOVOOR MD DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM H QUAYLE MD PRESIDENT 0.50
Officer Director
$0 $0 $0
GWEN JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
ELLEN EFSIC EXECUTIVE DIRECTOR 40.00
Officer
$97,385 $2,615 $100,000
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 $206,917 $657,500 $2,996,263 $-450,583
2022 $700,719 $690,700 $2,887,384 $10,019
2021 $286,803 $515,617 $3,528,104 $-228,814
2020 $1,496,077 $634,552 $3,500,462 $861,525
2019 $454,674 $595,465 $2,535,879 $-140,791
2018 $446,074 $465,210 $2,221,024 $-19,136
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