THE FRED HOLLOWS FOUNDATION

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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

2017

Legal Domicile

Principal Officer

ROB KEREKOVIC

Phone

6462415163

Tax Period

2024-01-01 to 2024-12-31

THE FRED HOLLOWS FOUNDATION, founded in 2017, is a community nonprofit in the Diseases & Disorders sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 15% surplus.

Mission

THE FRED HOLLOWS FOUNDATION IS AN INTERNATIONAL DEVELOPMENT ORGANIZATION WORKING TOWARDS ENDING AVOIDABLE BLINDNESS FOR HUMAN BEINGS AFFLICTED WITH BLINDNESS AND RELATED SIGHT PROBLEMS WORLDWIDE.

Program Service Accomplishments

Program 1

Expenses: $557,163

IN FURTHERANCE OF THE ORGANIZATION'S EXEMPT PURPOSES, THE ORGANIZATION CONDUCTS AND SUPPORTS ACTIVITIES DESIGNED TO END AVOIDABLE BLINDNESS, INCLUDING BUT NOT LIMITED TO: (I) SURGICAL AND OTHER...

IN FURTHERANCE OF THE ORGANIZATION'S EXEMPT PURPOSES, THE ORGANIZATION CONDUCTS AND SUPPORTS ACTIVITIES DESIGNED TO END AVOIDABLE BLINDNESS, INCLUDING BUT NOT LIMITED TO: (I) SURGICAL AND OTHER MEDICAL PROCEDURES, TREATMENTS AND RELATED ACTIVITIES TO TREAT OR PREVENT BLINDING CONDITIONS, (II) EDUCATION AND TRAINING FOR DOCTORS, NURSES AND OTHER HEALTHCARE PROVIDERS RELATING TO THE DIAGNOSIS AND TREATMENT OF EYE DISORDERS, (III) RESEARCH RELATING TO, AND THE DEVELOPMENT OF EFFECTIVE MEDICAL AND NON-MEDICAL SOLUTIONS FOR, IMPROVING, PRESERVING AND RESTORING EYE HEALTH, AND (V) OTHER EDUCATIONAL ACTIVITIES SUCH AS CONFERENCES, WORKSHOPS AND OTHER CONVENINGS, AS WELL AS OUTREACH AND AWARENESS RAISING AMONG HEALTHCARE PROVIDERS AND THE GENERAL PUBLIC, AND (VI) THE DEVELOPMENT OF COLLABORATIONS AND PARTNERSHIPS, AMONG OTHER ACTIVITIES, ALL WITH THE ULTIMATE GOAL OF IMPROVING THE LIVES OF PEOPLE SUFFERING SIGHT DISORDERS AROUND THE WORLD.

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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 $2,057,257

Program Service Revenue $0

Investment Income $0

Other Revenue $8,560

TOTAL REVENUE $2,065,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $944,076

Fundraising Expenses $624,244

Program Expenses $557,163

Other Expenses $812,619

TOTAL EXPENSES $1,756,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,065,817	$1,532,623	+0.3%
Expenses	$1,756,695	$1,557,945	+0.1%
Net Income	$309,122	$-25,322	-13.2%

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

$288,619

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BRUMBY	PRESIDENT/CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN DOOLAN	DIRECTOR	1.00	Director	$0	$0	$0
ROB KEREKOVIC	TREASURER	1.00	Officer Director	$0	$0	$0
SHELLEY GOODE	DIRECTOR	1.00	Director	$0	$0	$0
EMMA HALLOWS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MANNING	DIRECTOR	1.00	Director	$0	$0	$0
ZACHARY TAN	DIRECTOR	1.00	Director	$0	$0	$0
TINA WYER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA SANSEVERINO GALAN	PUBLIC OFFICER	40.00	Officer	$242,811	$45,808	$288,619
KATRINA PRUCHER	FORMER STAFF MEMBER	40.00		$118,387	$37,823	$156,210

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	$2,065,817	$1,756,695	$840,377	$309,122
2023	$1,532,623	$1,557,945	$511,731	$-25,322
2022	$2,159,387	$2,013,794	$966,783	$145,593
2021	$1,406,543	$1,074,832	$419,827	$331,711
2020	$602,564	$651,290	$132,965	$-48,726
2019	$666,645	$523,029	$428,805	$143,616
2018	$377,784	$464,978	$105,978	$-87,194