NEAR VISION INSTITUTE

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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

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

Program Service Accomplishments

Program 1

Expenses: $246,357 Revenue: $270,455

Mobile clinic vision trips to public schools to perform eye exams and provide eyeglasses to students struggling to access eyecare.

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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 $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

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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

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
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