GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FOUNDATION FOR VISION RESEARCH, founded in 2016, is a small nonprofit in the Medical Research sector that reported $691K in total revenue in fiscal year 2023. Expenses of $609K left a modest 12% surplus.
TO FUND RESEARCH DEVOTED TO THE VISION SCIENCES INCLUDING INVESTIGATION FOR BETTER UNDERSTANDING OF THE CAUSES OF VISION LOSS. TO CONDUCT RESEARCH TO FURTHER UNDERSTAND VISION LOSS AND DEVELOP TREATMENTS TO ADDRESS THOSE CONDITIONS. TO RECEIVE AND ADMINISTER FUNDS AND ASSETS FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES AS SET FORTH IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), OR ANY CORRESPONDING PROVISION OF ANY SUBSEQUENT FEDERAL TAX LAWS, INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER CODE SECTION 501(C)(3). TO CONDUCT EDUCATIONAL EVENTS DIRECTED TO HEALTH CARE PROFESSIONALS AND THE PUBLIC TO BRING ATTENTION TO VISION THREATENING EYE DISEASES AND PROVIDE INFORMATION AS TO POTENTIAL PREVENTATIVE MEASURES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $690,635 | $652,332 | +0.1% |
| Expenses | $608,858 | $539,297 | +0.1% |
| Net Income | $81,777 | $113,035 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DR THOMAS M AABERG JR | PRESIDENT | 10.00 |
Officer
|
$77,448 | $44,355 | $475,583 |
| DR NATHAN F PEZDA | TREASURER | 1.00 |
Officer
|
$0 | $59,896 | $1,303,474 |
| DR LILIYA S SUTHERLAND | SECRETARY | 1.00 |
Officer
|
$0 | $56,842 | $1,403,621 |
| DR SCOTT J WESTHOUSE | BOARD MEMBER | 1.00 |
Director
|
$0 | $59,102 | $1,342,587 |
| TIMOTHY R ALLES | BOARD MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| ALITA HASSAN | BOARD MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| KATHRYN E AABERG | EXECUTIVE DI | 40.00 |
Director
|
$70,225 | $0 | $70,225 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $690,635 | $608,858 | $1,212,506 | $81,777 |
| 2023 | $652,332 | $539,297 | $1,131,411 | $113,035 |
| 2022 | $734,403 | $422,864 | $1,019,038 | $311,539 |
| 2021 | $637,216 | $403,902 | $707,100 | $233,314 |
| 2020 | $521,513 | $326,400 | $475,258 | $195,113 |
| 2019 | $438,551 | $327,877 | $280,763 | $110,674 |
| 2018 | $220,377 | $54,445 | $180,309 | $165,932 |
Compare FOUNDATION FOR VISION RESEARCH with other nonprofits in Michigan and across the country.