GREAT WESTERN COUNCIL OF OPTOMETRY (EIN 931067748) - 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

1991

Legal Domicile

Principal Officer

MICHAEL ERNEST HEIL OD

Phone

5035460110

Tax Period

2024-01-01 to 2024-12-31

GREAT WESTERN COUNCIL OF OPTOMETRY, founded in 1991, is a small nonprofit that reported $474K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $443K left a modest 7% surplus.

Mission

FACILITATE COMMUNICATION WITH AFFILIATED ASSOCIATIONS - ENHANCE PROFESSIONAL DEVELOPMENT, AND TO PROVIDE FINANCIAL SUPPORT TO AFFILIATED ASSOCIATIONS

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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 $470,488

Investment Income $3,723

Other Revenue $0

TOTAL REVENUE $474,211

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $440,199

TOTAL EXPENSES $443,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$474,211	$423,297	+0.1%
Expenses	$443,199	$437,885	+0.0%
Net Income	$31,012	$-14,588	-3.1%

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

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
MICHAEL ERNEST HEIL OD	PRESIDENT	8.00	Officer Director	$0	$0	$0
KEITH KAWAMURA OD	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
FRANK MCALLISTER AKERS II OD	SEC/TREAS	2.00	Officer Director	$0	$0	$0
GABRIELLE W MARSHALL OD FCOVD	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
DAVID KARPIK OD	ALASKA DIREC	2.00	Director	$0	$0	$0
SARAH BORTZ OD FAAO	NEW MEXICO D	2.00	Director	$0	$0	$0
JASON TU OD	CALIFORNIA D	2.00	Director	$0	$0	$0
MICHELLE CHANEY OD	COLORADO DIR	2.00	Director	$0	$0	$0
DANIEL SCHREMPP OD	IDAHO DIRECT	2.00	Director	$0	$0	$0
DENIS CORY RATH OD	NEVADA DIREC	2.00	Director	$0	$0	$0
HARALD OLAFSSON OD	UTAH DIRECTO	2.00	Director	$0	$0	$0
MARK TURNER WELLS OD	WYOMING DIRE	2.00	Director	$0	$0	$0
GEOFF HORNING	EXECUTIVE DI	2.00	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
2025	No data	No data	No data	No data
2024	$474,211	$443,199	$283,663	$31,012
2023	$423,297	$437,885	$236,760	$-14,588
2022	$407,925	$477,760	$314,605	$-69,835
2021	$205,742	$191,382	$317,323	$14,360
2020	$296,126	$214,942	$299,464	$81,184
2019	$659,297	$779,890	$338,983	$-120,593
2018	$614,861	$677,962	$327,826	$-63,101

GREAT WESTERN COUNCIL OF OPTOMETRY