FOUNDATION FOR EDUCATION AND RESEA… - 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

1955

Legal Domicile

Principal Officer

JOHN COBLE OD

Phone

7137431795

Tax Period

2023-09-01 to 2024-08-31

FOUNDATION FOR EDUCATION AND RESEARCH IN VISION INC, founded in 1955, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $370K, a strong 18% operating margin.

Mission

EDUCATION AND RESEARCH IN VISION

Program Service Accomplishments

Program 1

Expenses: $937,952 Revenue: $771,861

EXPENSES OF SPONSORING THE UNIVERSITY OF HOUSTON COLLEGE OF OPTOMETRY CONTINUING EDUCATION PROGRAM FOR PROFESSIONAL OPTOMETRISTS TO MEET STATE CONTINUING EDUCATION REQUIREMENTS

Program 2

Expenses: $592,467

CONTRIBUTIONS TO UNIVERSITY OF HOUSTON COLLEGE OF OPTOMETRY AND OTHER VISIONARY AND HEALTH RELATED ORGANIZATIONS

Program 3

Expenses: $96,259

SCHOLARSHIPS TO STUDENTS IN UNIVERSITY OF HOUSTON COLLEGE OF OPTOMETRY

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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 $582,235

Program Service Revenue $771,861

Investment Income $210,913

Other Revenue $466,251

TOTAL REVENUE $2,031,260

Expense Breakdown

Grants Paid $176,980

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,626,678

Other Expenses $1,484,237

TOTAL EXPENSES $1,661,217

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,031,260	$1,446,258	+0.4%
Expenses	$1,661,217	$1,639,307	+0.0%
Net Income	$370,043	$-193,049	-2.9%

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
JOHN COBLE OD	PRESIDENT	4.00	Officer Director	$0	$0	$0
VISSETT SUN OD	DIRECTOR	2.00	Director	$0	$0	$0
STEVE NGUYEN OD	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH BERNAY OD	DIRECTOR	2.00	Director	$0	$0	$0
TOM ANNUNZIATO OD	TREASURER	4.00	Officer Director	$0	$0	$0
WILLIAM D ALTIG OD	PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
JEFF JONES OD	SECRETARY	4.00	Officer Director	$0	$0	$0
MOES NASSER OD	VICE-PRESIDENT	4.00	Officer Director	$0	$0	$0
DESIREE HOPPING OD	DIRECTOR	2.00	Director	$0	$0	$0
TYLER THOMPSON OD	DIRECTOR	2.00	Director	$0	$0	$0
MARK BULLIMORE PHD	DIRECTOR	2.00	Director	$0	$0	$0
PETER CASS OD	DIRECTOR	2.00	Director	$0	$0	$0
JOE DELOACH OD	DIRECTOR	2.00	Director	$0	$0	$0
JUAN CERDA OD	DIRECTOR	2.00	Director	$0	$0	$0
MARIA CONTALDI OD	DIRECTOR	2.00	Director	$0	$0	$0
KATHRYN RICHDALE OD PHD	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$2,031,260	$1,661,217	$11,325,344	$370,043
2024	$2,472,259	$2,092,728	$10,466,862	$379,531
2023	$1,446,258	$1,639,307	$10,082,259	$-193,049
2023	$1,446,258	$1,623,660	$10,097,393	$-177,402
2022	$1,427,590	$774,436	$9,527,603	$653,154
2021	$1,315,802	$988,283	$10,023,691	$327,519
2020	$1,494,607	$865,776	$8,411,088	$628,831
2019	$1,563,692	$1,023,651	$7,219,933	$540,041
2018	$1,673,487	$1,257,303	$6,512,085	$416,184

FOUNDATION FOR EDUCATION AND RESEARCH IN VISION INC