CHARITY OF THE EYE CARE NETWORK (EIN 852522421) - 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

2020

Legal Domicile

Principal Officer

ASPASIA SHAPPET

Phone

9493298609

Tax Period

2024-07-01 to 2025-06-30

CHARITY OF THE EYE CARE NETWORK, founded in 2020, is a small nonprofit in the Diseases & Disorders sector that reported $389K in total revenue in fiscal year 2024. Expenses of $475K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO MAKE ACCESS TO VISION CARE POSSIBLE FOR THE UNDERSERVED POPULATION IN THE UNITED STATES.

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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 $305,117

Program Service Revenue $0

Investment Income $140,316

Other Revenue $-56,303

TOTAL REVENUE $389,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $368,121

Fundraising Expenses $85,951

Program Expenses $314,295

Other Expenses $106,721

TOTAL EXPENSES $474,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$389,130	$406,130	0.0%
Expenses	$474,842	$525,282	-0.1%
Net Income	$-85,712	$-119,152	-0.3%

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

$228,971

Total Directors

$129,203

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASPASIA SHAPPET	CEO/PRESIDENT	30.00	Officer Director	$124,026	$5,177	$129,203
CASSANDRA HUME	EXECUTIVE DIRECTOR	37.50	Officer	$90,000	$9,768	$99,768
PAUL T URREA MD	CHAIR	0.40	Officer Director	$0	$0	$0
DENNIS METAS	DIRECTOR	0.20	Officer Director	$0	$0	$0
JOHN MONTELEONE OD	DIRECTOR	0.50	Director	$0	$0	$0
KEITH RENKEN	DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL TIERNAN	DIRECTOR	0.20	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
2025	$389,130	$474,842	$2,747,305	$-85,712
2024	No data	No data	No data	No data
2023	$311,331	$398,825	$2,964,117	$-87,494
2022	$211,648	$355,037	$3,044,881	$-143,389
2021	$3,395,884	$207,851	$3,188,033	$3,188,033

CHARITY OF THE EYE CARE NETWORK