WARBY PARKER IMPACT 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

2019

Legal Domicile

Principal Officer

NEIL BLUMENTHAL

Phone

8884927297

Tax Period

2023-01-01 to 2023-12-31

WARBY PARKER IMPACT FOUNDATION, founded in 2019, is a community nonprofit in the Health Care sector that reported $3.0M in total revenue in fiscal year 2023. The organization ran a surplus of $1.7M, a strong 56% operating margin.

Mission

TO PROMOTE EYE HEALTH AND EDUCATE THE PUBLIC ABOUT EYE CARE AND EYE HEALTH BY (I) CONDUCTING VISION SCREENINGS, EYE EXAMS, AND OTHER EYE CARE SERVICES FOR UNDERPRIVILEGED CHILDREN AND ADULTS, (II) HELPING PEOPLE IDENTIFY AND ACCESS LOCAL EYE CARE PROVIDERS FOR ADDITIONAL CARE AND SUPPORT AND TRANSPORTING PATIENTS TO AND FROM EYE CARE APPOINTMENTS, (III) PROVIDING, MAINTAINING, AND REPAIRING EYEGLASSES FOR UNDERPRIVILEGED CHILDREN AND ADULTS, (IV) CONDUCTING CLASSES, WORKSHOPS, AWARENESS CAMPAIGNS, AND OTHER EDUCATIONAL PROGRAMS TO EDUCATE THE PUBLIC ABOUT EYE CARE AND EYE HEALTH, (V) CREATING AND DISTRIBUTING EDUCATIONAL MATERIALS RELATED TO EYE CARE AND EYE HEALTH, (VI)LOBBYING FOR ISSUES RELATED TO EYE CARE AND EYE HEALTH, (VII) CONDUCTING OR COMMISSIONING RESEARCH RELATED TO EYE CARE AND EYE HEALTH, (VIII) MAKING GRANTS TO UNDERPRIVILEGED CHILDREN AND ADULTS TO PAY FOR EYE CARE SERVICES AND PRODUCTS, AND (IX) MAKING GRANTS TO OTHER 501(C)(3) ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $1,191,001

THE WARBY PARKER IMPACT FOUNDATION SUPPORTED EYE HEALTH EDUCATION AND GLASSES DISTRIBUTION BY PROVIDING GRANTS TO MISSION-RELATED ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,686,274

Program Service Revenue $0

Investment Income $293,983

Other Revenue $0

TOTAL REVENUE $2,980,257

Expense Breakdown

Grants Paid $1,191,001

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,191,001

Other Expenses $107,742

TOTAL EXPENSES $1,298,743

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,980,257	$2,761,949	+0.1%
Expenses	$1,298,743	$1,272,810	+0.0%
Net Income	$1,681,514	$1,489,139	+0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL BLUMENTHAL	PRESIDENT	0.50	Officer Director	$0	$0	$0
DAVE GILBOA	TREASURER	0.50	Officer Director	$0	$0	$0
JOEL CUTLER	SECRETARY	0.50	Officer Director	$0	$0	$0
MEGAN COLLINS	BOARD MEMBER	0.50	Director	$0	$0	$0
HANNAH KOWALSKI	EXECUTIVE DIRECTOR	0.50	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
2023	$2,980,257	$1,298,743	$14,926,547	$1,681,514
2022	$2,761,949	$1,272,810	$12,164,577	$1,489,139
2021	$10,311,621	$87,585	$10,440,733	$10,224,036