HOLLAND FOUNDATION FOR SIGHT RESTORATION (EIN 842983479) - Form 990 Financial Analysis & Trantor Score

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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

ROBERT DEMPSEY

Phone

8596550109

Tax Period

2023-01-01 to 2023-12-31

HOLLAND FOUNDATION FOR SIGHT RESTORATION, founded in 2019, is a small nonprofit in the Diseases & Disorders sector that reported $397K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $370K left a modest 7% surplus.

Mission

TO PROVIDE FUNDING RELATED TO SIGHT RESTORATION SERVICES INCLUDING, BUT NOT LIMITED TO, EXPENSES INCURRED BY PATIENTS WHO MEET INCOME QUALIFICATIONS, TRANSPLANT COORDINATORS/SUPPORT PERSONNEL, TRAINING OF QUALIFIED PHYSICIANS TO PERFORM THESE PROCEDURES, AND RAISING AWARENESS AMONG PHYSICIANS ABOUT THE CINCINNATI PROTOCOL AND EDUCATING THEM ON REFERRING PATIENTS TO APPROPRIATE CENTERS FOR CARE.

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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 $419,983

Program Service Revenue $0

Investment Income $23,759

Other Revenue $-46,675

TOTAL REVENUE $397,067

Expense Breakdown

Grants Paid $75,000

Salaries & Benefits $143,559

Fundraising Expenses $83,846

Program Expenses $223,047

Other Expenses $151,700

TOTAL EXPENSES $370,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$397,067	$486,240	-0.2%
Expenses	$370,259	$149,421	+1.5%
Net Income	$26,808	$336,819	-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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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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT DEMPSEY	PRESIDENT,DIRECTOR	1.00	Officer Director	$0	$0	$0
JOHN DOMASCHKO	TREASURER & SECRETARY,DIRECTOR	1.00	Officer Director	$0	$0	$0
BINDU MANNE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HOLT	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN LANE	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK CROWLEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ONUSCHECK	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD LINDSTROM	DIRECTOR	1.00	Director	$0	$0	$0
MONTY MONTOYA	DIRECTOR	1.00	Director	$0	$0	$0
NANCEY MCCANN	DIRECTOR	1.00	Director	$0	$0	$0
BURR TRAVIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CARLE	DIRECTOR	1.00	Director	$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	$397,067	$370,259	$873,825	$26,808
2022	$486,240	$149,421	$844,264	$336,819
2021	$485,101	$24,546	$507,445	$460,555

HOLLAND FOUNDATION FOR SIGHT RESTORATION