CALIFORNIA OPTOMETRIC ASSOCIATION

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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

1906

Legal Domicile

Principal Officer

KRISTINE SHULTZ

Phone

8332060598

Tax Period

2024-01-01 to 2024-12-31

CALIFORNIA OPTOMETRIC ASSOCIATION, founded in 1906, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Net assets of $12.5M represent 47 months of operating reserves.

Mission

THE MISSION OF THE CALIFORNIA OPTOMETRIC ASSOCIATION IS TO SUPPORT AND ADVANCE THE PROFESSION OF OPTOMETRY TO ASSURE QUALITY HEALTH CARE FOR ALL CALIFORNIANS.

Program Service Accomplishments

Program 1

THE CALIFORNIA OPTOMETRIC ASSOCIATION HELD MULTIPLE EXTENSIVE CONTINUING EDUCATION OPPORTUNITIES AND TRADE SHOWS FOR OPTOMETRISTS FOR RE-LICENSURE AND PROFESSIONAL DEVELOPMENT. OPTOWEST HELD TWO ONE DAY EVENTS: AN ONLINE VIRTUAL EVENT IN APRIL AND AUGUST 2024. MONTEREY SYMPOSIUM WAS A LIVE EVENT HELD IN PERSON IN 2024. THERE WERE SIX ONLINE TWO HOUR CONTINUING EDUCATION EVENTS HELD IN JANUARY, MARCH, MAY, JULY, SEPTEMBER, AND OCTOBER 2024. INSIGHTS INDUSTRY PARTNER VIRTUAL PROGRAM- JUNE, AUGUST, AND OCTOBER. NEW OD BOOT CAMPS VIRTUAL AND IN-PERSON PROGRAM- JUNE, JULY, AUGUST, AND SEPTEMBER.

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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 $2,413,151

Investment Income $480,156

Other Revenue $271,911

TOTAL REVENUE $3,165,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,143,111

Fundraising Expenses $0

Other Expenses $1,955,969

TOTAL EXPENSES $3,099,080

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,165,218	$3,120,158	+0.0%
Expenses	$3,099,080	$2,850,847	+0.1%
Net Income	$66,138	$269,311	-0.8%

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

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

$593,967

Total Directors

$26,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTINE SHULTZ	EXECUTIVE DI	40.00	Officer	$254,781	$30,043	$284,824
SARAH HARBIN	ASSOCIATE EX	40.00	Officer	$255,155	$27,588	$282,743
JODI HAAS	DEVELOPMENT	40.00	Highest	$220,982	$24,733	$245,715
CHRISTOPHER GEE OD	PRESIDENT	1.00	Officer Director	$12,000	$0	$12,000
BRIAN PARK OD	PRESIDENT-EL	1.00	Officer Director	$0	$0	$0
CANDI KIMURA OD	IMMEDIATE PA	1.00	Officer Director	$14,400	$0	$14,400
RACHELLE LIN OD	SECRETARY-TR	1.00	Officer Director	$0	$0	$0
ANNE MIKA MOY OD FAAO	TRUSTEE	1.00	Officer Director	$0	$0	$0
HEIDI G MILLER OD FAAO FSLS	TRUSTEE	1.00	Officer Director	$0	$0	$0
HENRY HUA OD	TRUSTEE	1.00	Officer Director	$0	$0	$0
CHRIS FISHER OD	TRUSTEE	1.00	Director	$0	$0	$0
DAVID ARDAYA OD MHA	TRUSTEE	1.00	Director	$0	$0	$0
MUNISH SHARMA OD MD MBA FAAO	TRUSTEE	1.00	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
2024	$3,165,218	$3,099,080	$12,945,365	$66,138
2023	$3,120,158	$2,850,847	$12,156,687	$269,311
2022	$4,432,915	$2,821,149	$11,132,325	$1,611,766
2021	$3,280,771	$2,424,971	$10,978,851	$855,800
2020	$2,344,980	$2,404,947	$9,990,635	$-59,967
2019	$3,364,785	$3,794,755	$9,755,952	$-429,970
2018	$3,335,158	$3,549,014	$9,439,251	$-213,856