NEVADA OPTOMETRIC ASSOCIATION (EIN 880134350) - 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

1992

Principal Officer

STEVE GIRISGEN

Phone

7022207444

Tax Period

2023-01-01 to 2023-12-31

NEVADA OPTOMETRIC ASSOCIATION, founded in 1992, is a small nonprofit that reported $131K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $232K exceeded revenue, resulting in a 77% operating deficit.

Mission

THE NOA WILL COMMUNICATE, EDUCATE, AND IMPLEMENT POLICIES AND PROCEDURES THROUGH LEGISLATIVE AND EDUCATIONAL EFFORTS TO BETTER ENHANCE OPTOMETRY AND UPHOLD HIGH STANDARDS FOR PUBLIC SAFETY. IT IS THE NOA'S OBJECTIVE TO FURTHER ADVANCE THE OPTOMETRIC PROFESSION, AND TO BETTER SERVE ALL NEVADA OPTOMETRISTS. THROUGH EDUCATIONAL COURSES, LEGISLATIVE EFFORTS AND OPENING CHANNELS OF COMMUNICATION AMONG ALL NEVADA OPTOMETRISTS WE WILL OBTAIN SUCCESS.

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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 $123,450

Program Service Revenue $0

Investment Income $6,656

Other Revenue $1,308

TOTAL REVENUE $131,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,305

Fundraising Expenses $0

Other Expenses $161,122

TOTAL EXPENSES $232,427

Year-over-Year Comparison

	2023	2022	Change
Revenue	$131,414	$201,829	-0.3%
Expenses	$232,427	$350,912	-0.3%
Net Income	$-101,013	$-149,083	-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

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
JEFFREY K AUSTIN	COMMITTEE CH	1.00	Director	$0	$0	$0
R ANDY BOREN	COMMITTEE CH	1.00	Director	$0	$0	$0
JOHN BROWNE	COMMITTEE CH	1.00	Director	$0	$0	$0
SERGIO CRUZ	COMMITTEE CH	1.00	Director	$0	$0	$0
STEVE GIRISGEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANCES-LYNN JONES	COMMITTEE CH	1.00	Director	$0	$0	$0
KALLIE KAPPES	COMMITTEE CH	1.00	Director	$0	$0	$0
H KENNETH KOPOLOW	COMMITTEE CH	1.00	Director	$0	$0	$0
JONATHAN MATHER	COMMITTEE CH	1.00	Director	$0	$0	$0
ABRAHAM MOTOLA	COMMITTEE CH	1.00	Director	$0	$0	$0
TROY OGDEN	SECRETARY/TR	1.00	Director	$0	$0	$0
SPENCER QUINTON	PAST PRESIDE	1.00	Officer 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	$131,414	$232,427	$52,461	$-101,013
2022	$201,829	$350,912	$284,005	$-149,083
2021	$241,319	$176,778	$346,270	$64,541
2020	$298,047	$352,360	$289,515	$-54,313
2019	$595,735	$418,113	$348,320	$177,622
2018	$326,848	$336,857	$293,700	$-10,009

NEVADA OPTOMETRIC ASSOCIATION