EYELLIANCE INC

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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

2020

Legal Domicile

Principal Officer

ELIZABETH SMITH

Phone

9174343099

Tax Period

2024-01-01 to 2024-12-31

EYELLIANCE INC, founded in 2020, is a small nonprofit in the Health Care sector that reported $626K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 228% operating deficit.

Mission

ACCELERATE EQUITABLE ACCESS TO EYEGLASSES FOR ONE BILLION PEOPLE. EYELLIANCE ADVANCES FOUR MUTUALLY REINFORCING GLOBAL AND NATIONAL STRATEGIES, GOV DELIVERY, SUSTAINABLE FINANCING, INSTITUTIONAL ADVOCACY, AND CATALYTIC PARTNERSHIPS.

Program Service Accomplishments

Program 1

Expenses: $832,199

GOV DELIVERY (INCLUDING CHW + SHE)ENABLING GOVERNMENTS TO EFFICIENTLY INTEGRATE EYEGLASSES INTO PUBLIC HEALTH AND EDUCATION SYSTEMS BY SYSTEMATIZING PROVEN MODELS OF DELIVERY.

Program 2

Expenses: $412,595

SUSTAINABLE FINANCEINFLUENCING AND INCREASING NEW FINANCING WITHIN THE PUBLIC AND PRIVATE SECTORS.

Program 3

Expenses: $121,214

CATALYTIC PARTNERSHIPSGROWING THE ECOSYSTEM OF CHAMPIONS THAT JOIN IN THE SOLUTION AND ACCELERATE GLOBAL SCALE.

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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 $622,554

Program Service Revenue $0

Investment Income $537

Other Revenue $3,216

TOTAL REVENUE $626,307

Expense Breakdown

Grants Paid $272,350

Salaries & Benefits $1,131,871

Fundraising Expenses $289,915

Program Expenses $1,434,594

Other Expenses $648,943

TOTAL EXPENSES $2,053,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$626,307	$1,054,531	-0.4%
Expenses	$2,053,164	$2,060,417	0.0%
Net Income	$-1,426,857	$-1,005,886	+0.4%

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

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

$252,114

Total Directors

$222,114

Key Employees

$190,795

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH SMITH	CO-FOUNDER/CEO	50.00	Officer Director	$188,800	$33,314	$222,114
DR JORDON KASSALOW	CO-FOUNDER/BOARD CHAIR	6.50	Officer Director	$0	$0	$0
JAYANTH BHUVARAGHAN	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS JURGENS	DIRECTOR	0.25	Director	$0	$0	$0
ALEX PALACIOS	DIRECTOR	0.25	Director	$0	$0	$0
HARVEY KOH	DIRECTOR	0.25	Director	$0	$0	$0
JEFF PAQUETTE	CFO	40.00	Officer	$30,000	$0	$30,000
MAGGIE SAVAGE	CHIEF OPERATING OFFICER	40.00	Key Emp	$155,000	$35,795	$190,795
ABIGAIL MCDANIEL	GLOBAL DIRECTOR	40.00	Highest	$136,506	$37,211	$173,717
MARIAH BOYLE	ASSO.DIRECTOR GRANTS & ADM.	40.00	Highest	$109,583	$22,348	$131,931

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	$626,307	$2,053,164	$1,112,743	$-1,426,857
2023	$1,054,531	$2,060,417	$2,516,125	$-1,005,886
2022	$4,096,856	$1,932,881	$3,541,266	$2,163,975
2021	$1,398,146	$1,175,679	$1,329,557	$222,467
2020	$1,857,911	$766,867	$1,124,646	$1,091,044