VISION CARE USA INC

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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

2016

Legal Domicile

Principal Officer

DR JOHN PARK

Phone

9175834205

Tax Period

2024-01-01 to 2024-12-31

VISION CARE USA INC, founded in 2016, is a small nonprofit in the Diseases & Disorders sector that reported $229K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum.

Mission

PREVENTION OF BLINDNESS

Program Service Accomplishments

Program 1

Expenses: $167,875

VISION CARE EYE CAMPS PROVIDE OPHTHALMIC TREATMENT AND SURGICAL SERVICES FOCUSING ON CATARACT AND PEDIATRIC SURGERY. OUR VISION CARE DOCTORS WORK IN PARTNERSHIP WITH LOCAL HOSPITAL TO GIVE IMMEDIATE...

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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 (2024)

Revenue Breakdown

Contributions & Grants $228,710

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $228,710

Expense Breakdown

Grants Paid $167,875

Salaries & Benefits $55,284

Fundraising Expenses $0

Program Expenses $232,541

Other Expenses $9,382

TOTAL EXPENSES $232,541

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,710	$144,712	+0.6%
Expenses	$232,541	$51,996	+3.5%
Net Income	$-3,831	$92,716	-1.0%

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

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

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
DR GRAE BAE	SECRETARY	N/A	Officer Director	$0	$0	$0
DR JAMES KIM	TREASURER	N/A	Officer Director	$0	$0	$0
DR JOHN PARK	VICE CHAIR	N/A	Officer Director	$0	$0	$0
DR LISA PARK	BOARD CHAIR	N/A	Officer 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	$228,710	$232,541	$99,786	$-3,831