NEAR VISION INSTITUTE

EIN: 870840183 501(c)(3) Diseases & Disorders

BELLEVUE, WA

Total Revenue
$289,370
Total Expenses
$281,071
Total Assets
$37,233
Net Assets
$-147,671
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
WA
Tax Period
2024-01-01 to 2024-12-31

NEAR VISION INSTITUTE, founded in 2021, is a small nonprofit in the Diseases & Disorders sector that reported $289K in total revenue in fiscal year 2024.

Mission

Pioneering school optometry

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $18,925
Program Service Revenue $270,455
Investment Income $0
Other Revenue $-10
TOTAL REVENUE $289,370

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,967
Fundraising Expenses $7,521
Program Expenses $246,357
Other Expenses $156,104
TOTAL EXPENSES $281,071

Year-over-Year Comparison

2024 2023 Change
Revenue $289,370 $278,423 +0.0%
Expenses $281,071 $304,243 -0.1%
Net Income $8,299 $-25,820 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
10

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alan P Pearson Optometrist 40.00
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 $289,370 $281,071 $37,233 $8,299
2023 $278,423 $304,243 $3,168 $-25,820
2022 $462,878 $592,701 $688 $-129,823
Explore More Nonprofits
→Top 100 Nonprofits in Washington →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NEAR VISION INSTITUTE with other nonprofits in Washington and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.