SOUTHERN CALIFORNIA EYE INSTITUTE

EIN: 842323097 501(c)(3) Education

LOS ANGELES, CA

Total Revenue
$705,199
Total Expenses
$635,177
Total Assets
$1,245,540
Net Assets
$1,146,085
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CA
Principal Officer
ROHIT VARMA
Phone
3239066048
Tax Period
2023-01-01 to 2023-12-31

SOUTHERN CALIFORNIA EYE INSTITUTE, founded in 2019, is a small nonprofit in the Education sector that reported $705K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $635K left a modest 10% surplus.

Mission

To reduce the burden of eye disease and blinding conditions in children and aging-populations in and surrounding cities of Los Angeles County through patient care, research and education.

Program Service Accomplishments

Program 1
Expenses: $218,654 Revenue: $230,051

Ophthalmic Research Support for ophthalmic research projects, comes from private donors, from National Institutes of Health through the University of Pennsylvania, and Fidelity Charitable. Temporary...

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Ophthalmic Research Support for ophthalmic research projects, comes from private donors, from National Institutes of Health through the University of Pennsylvania, and Fidelity Charitable. Temporary staff were hired for additional help with data collection and data entry for these research projects. From these research endeavors, our physician researchers published eight manuscripts in academic journals throughout the year. Finally, our physician-scientists attended national and international academic conferences to present findings from these research studies.

Program 2
Expenses: $147,464 Revenue: $155,151

Ophthalmic Technician Education Program (OTEP) OTEP admitted a cohort of 7 students in July 2022 of which 6 graduated from the Southern California Eye institute Ophthalmic Technician Education...

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Ophthalmic Technician Education Program (OTEP) OTEP admitted a cohort of 7 students in July 2022 of which 6 graduated from the Southern California Eye institute Ophthalmic Technician Education Program in June 2023. The students attended 81 lectures for a total of 162 clock hours throughout the year. Additionally, each student completed a minimum of 750 clinical training hours in the Institute's main clinic, satellite offices and private practices. At the conclusion of the program, students are prepared to sit for the International Joint Commission of Allied Health Personnel in Ophthalmology (IJCAHPO) exam to become a Certified Ophthalmic Technician. The Ophthalmic Technician Training Program is currently undergoing the process of accreditation through the International Accreditation Commission ICA.

Program 3
Expenses: $142,380 Revenue: $149,801

The Southern California Eye Institute continued to host health fairs for underserved communities, and veterans in and around the Los Angeles-area. These eye screenings and community health education...

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The Southern California Eye Institute continued to host health fairs for underserved communities, and veterans in and around the Los Angeles-area. These eye screenings and community health education fairs were held to give back to the people who need it most. In addition to these community care programs, the Southern California Eye Institute recognized our health workers by providing meal services for those who were providing frontline patient care. Support for this project is from generous private donors, and Fidelity Charitable.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $652,203
Program Service Revenue $30,540
Investment Income $22,456
Other Revenue $0
TOTAL REVENUE $705,199

Expense Breakdown

Grants Paid $0
Salaries & Benefits $145,804
Fundraising Expenses $0
Program Expenses $508,498
Other Expenses $489,373
TOTAL EXPENSES $635,177

Year-over-Year Comparison

2023 2022 Change
Revenue $705,199 $1,555,364 -0.5%
Expenses $635,177 $675,992 -0.1%
Net Income $70,022 $879,372 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
2
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROHIT VARMA President 2.00
Officer
$0 $0 $0
RAYA KARELIN Treasurer 4.00
Officer
$0 $0 $0
MINA TORRES Secretary 4.00
Officer
$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 No data No data No data No data
2023 $705,199 $635,177 $1,245,540 $70,022
2022 $1,555,364 $675,992 $1,137,100 $879,372
2021 $406,686 $328,453 $219,482 $78,233
2020 $337,047 $213,079 $137,616 $123,968
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