CHILDRENS VISION SERVICES PC

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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

2022

Legal Domicile

Principal Officer

DR TOM ANNUNZIATO

Phone

8179941383

Tax Period

2024-01-01 to 2024-12-31

CHILDRENS VISION SERVICES PC, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $870K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $832K left a modest 4% surplus.

Mission

"HELPING KIDS LEARN BY HELPING KIDS SEE..."IN PARTNERSHIP WITH THE ALCON FOUNDATION AND FORT WORTH ISD, WE PROVIDE COMPREHENSIVE EYE EXAMS AND EYEWEAR FOR ELIGIBLE KIDS OF FORT WORTH ISD.

Program Service Accomplishments

Program 1

Expenses: $780,173 Revenue: $870,000

THERE WERE 32,402 CHILDREN SCREENED FOR EYE CONDITIONS IN SCHOOL YEAR 2023-2024 BY 200 TRAINED VOLUNTEERS. BASED UPON THE SCREENINGS 1 IN 5 STUDENTS NEEDED FURTHER VISION EXAMINATION(6,282 STUDENTS). PEDIATRIC OPTOMETRISTS PROVIDED 4,335 COMPREHENSIVE EYE EXAMS (4,185 ROUTINE VISION AND 150 MEDICAL EXAMS). 120 VOLUNTEERS ASSISTED WITH IN-SCHOOL EYE EXAM CLINICS AND EVENTS. 4,378 TOTAL GLASSES WERE PRESCRIBED AND DELIVERED TO STUDENTS (3,409 ORIGINAL ORDERS, WITH 969 REPLACEMENT ORDERS). ALL SERVICES AND MATERIALS WERE PROVIDED TO THE STUDENTS FOR FREE.

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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 $0

Program Service Revenue $870,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $870,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $748,947

Fundraising Expenses $0

Program Expenses $780,173

Other Expenses $82,914

TOTAL EXPENSES $831,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$870,000	$760,000	+0.1%
Expenses	$831,861	$777,391	+0.1%
Net Income	$38,139	$-17,391	-3.2%

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

320

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
DR TOM ANNUNZIATO	President	1.50	Officer	$0	$0	$0
DR RICK WEISBARTH	Vice President	2.50	Officer	$0	$0	$0
DR JENNIFER DEAKINS	SECRETARY/TREAS	3.50	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
2025	No data	No data	No data	No data
2024	$870,000	$831,861	$106,648	$38,139
2023	$760,000	$777,391	$68,509	$-17,391
2022	$440,000	$354,100	$85,900	$85,900