EYE CORPS INC (EIN 814995582) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

SUSAN MACDONALD

Phone

2148713320

Tax Period

2023-01-01 to 2023-12-31

EYE CORPS INC, founded in 2016, is a community nonprofit in the Diseases & Disorders sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 109% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 13% surplus.

Mission

EYE CORPS IS A TEXAS 501(C)(3) NON-PROFIT CORPORATION WHOSE MISSION IS TO ELIMINATE BLINDNESS DUE TO CATARACTS. EYE CORPS USES ALL DONATIONS RECEIVED TO HELP IN ORGANIZING AND SETTING UP CATARACT CAMPS AND SURGICAL CENTERS OUTSIDE THE U.S. IN ORDER TO PERFORM CATARACT SURGERIES FOR LOCAL, INDIGENT POPULATIONS AT NO CHARGE. OUR GOAL IS TO HELP LOCAL DOCTORS AND NURSES BECOME MORE ADVANCED IN THEIR SURGICAL KNOWLEDGE AND TO PROVIDE UP-TO-DATE EQUIPMENT AND SUPPLIES, SO THE DOCTORS AND NURSES MAY PROVIDE THE NEEDED MEDICAL ASSISTANCE TO THE LOCAL POPULATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,416,769

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,416,769

Expense Breakdown

Grants Paid $744,900

Salaries & Benefits $351,048

Fundraising Expenses $0

Program Expenses $1,006,464

Other Expenses $134,263

TOTAL EXPENSES $1,230,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,416,769	$677,800	+1.1%
Expenses	$1,230,211	$741,385	+0.7%
Net Income	$186,558	$-63,585	-3.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$330,507

Total Directors

$282,507

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES E SOWELL	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN E SMATHERS	DIRECTOR	10.00	Director	$0	$0	$0
SUSAN M MACDONALD	PRESIDENT	40.00	Officer Director	$282,507	$0	$282,507
STEPHANIE NOWACEK	TREASURER & SECRETARY	20.00	Officer	$48,000	$0	$48,000

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	$1,416,769	$1,230,211	$520,173	$186,558
2022	$677,800	$741,385	$342,139	$-63,585
2021	$830,218	$514,872	$393,401	$315,346
2020	$96,590	$441,383	$77,856	$-344,793
2019	$843,658	$847,123	$422,635	$-3,465
2018	$593,550	$506,289	$424,918	$87,261
2017	$500,000	$163,567	$336,676	$336,433

EYE CORPS INC