Daybreak Vision Project (EIN 862251567) - 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

2021

Legal Domicile

Phone

5188792448

Tax Period

2023-01-01 to 2023-12-31

Daybreak Vision Project, founded in 2021, is a small nonprofit in the Diseases & Disorders sector that reported $452K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $124K, a strong 27% operating margin.

Mission

Our mission is to bring sight-restoring cataract surgery to those in greatest need. Daybreak describes the moment light first penetrates the darkness of night. For us, this name represents the moment when a previously-blind patient first realizes their sight has been restored. This daybreak moment is pure joy and its impact is impossible to quantify. In an instant, sight, life, and hope have all been restored

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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 $415,147

Program Service Revenue $0

Investment Income $37,069

Other Revenue $0

TOTAL REVENUE $452,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,523

Fundraising Expenses $0

Program Expenses $297,437

Other Expenses $323,358

TOTAL EXPENSES $327,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$452,216	$1,152,756	-0.6%
Expenses	$327,881	$166,848	+1.0%
Net Income	$124,335	$985,908	-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

N/A

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
Chris Annison	Director	5.00	Director	$0	$0	$0
Adam Christian	Trustee	5.00	Director	$0	$0	$0
James Deibert	Director	5.00	Director	$0	$0	$0
John Welling	CEO	10.00	Officer	$0	$0	$0
Adam Schanz	Director	5.00	Officer	$0	$0	$0
Jon Mangum	COO	5.00	Officer	$0	$0	$0
Jason Wernli	Director	5.00	Officer	$0	$0	$0
Suzanne Cutler	Director	5.00	Officer	$0	$0	$0
Rebecca Rampton	Director	5.00	Officer	$0	$0	$0
Quinn Rivera	Director	5.00	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	$452,216	$327,881	$1,110,243	$124,335
2022	$1,152,756	$166,848	$985,908	$985,908

Daybreak Vision Project