PACIFIC VISION FOUNDATION

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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

1977

Legal Domicile

Principal Officer

VIVEKA RYDELL-ANDERSON

Phone

4153931225

Tax Period

2023-01-01 to 2023-12-31

PACIFIC VISION FOUNDATION, founded in 1977, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $2.1M exceeded revenue, resulting in a 44% operating deficit.

Mission

EXCELLENT EYE CARE FOR ALL REGARDLESS OF ABILITY TO PAY. PACIFIC VISION FOUNDATION IS DEDICATED TO IMPROVING HEALTH EQUITY IN EYE HEALTH AND VISION IN COLLABORATION WITH A COMMUNITY OF PHYSICIANS AND OTHER PARTNERS PROVIDING CARE AND TRAINING.

Program Service Accomplishments

Program 1

Expenses: $421,113 Revenue: $0

PVF'S MISSION IS TO SUPPORT THE HIGHEST QUALITY OF EYECARE FOR ALL MEMBERS OF OUR COMMUNITY, REGARDLESS OF ABILITY TO PAY. WE WORK TO ACCOMPLISH OUR MISSION THROUGH DEVELOPMENT AND SUPPORT OF THE...

PVF'S MISSION IS TO SUPPORT THE HIGHEST QUALITY OF EYECARE FOR ALL MEMBERS OF OUR COMMUNITY, REGARDLESS OF ABILITY TO PAY. WE WORK TO ACCOMPLISH OUR MISSION THROUGH DEVELOPMENT AND SUPPORT OF THE PACIFIC VISION EYE INSTITUTE. IN PARTICULAR, PVF SUPPORTS THE CALIFORNIA PACIFIC MEDICAL CENTER (CPMC) OPHTHALMOLOGY RESIDENCY PROGRAM, AND THE RETINA FELLOWSHIP PROGRAM WHOSE RESIDENTS, FELLOWS, AND FACULTY PROVIDE EYE CARE TO LOW INCOME AND UNINSURED PATIENTS. PVF ALSO SUBSIDIZES EYE SURGERIES FOR LOW-INCOME PATIENTS AT THE PACIFIC VISION SURGERY CENTER WHICH OPENED IN 2020.

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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 $1,403,148

Program Service Revenue $0

Investment Income $298,410

Other Revenue $-215,503

TOTAL REVENUE $1,486,055

Expense Breakdown

Grants Paid $166,663

Salaries & Benefits $1,172,379

Fundraising Expenses $280,741

Program Expenses $421,113

Other Expenses $794,831

TOTAL EXPENSES $2,133,873

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,486,055	$-1,263,095	-2.2%
Expenses	$2,133,873	$2,807,571	-0.2%
Net Income	$-647,818	$-4,070,666	-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

$549,115

Total Directors

$32,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCINE MILTENBERGER	CHAIR THROUGH 5/2023	2.00	Officer Director	$0	$0	$0
ROBERT TOMASELLO	CHAIR START 5/2023	2.00	Officer Director	$0	$0	$0
DAVID D O'NEILL	VICE CHAIR THROUGH 12/2023	2.00	Officer Director	$0	$0	$0
LENARD WEISS	VICE CHAIR & SECRETARY START 12/2023	2.00	Officer Director	$0	$0	$0
SUZANNE DAGGERT	TREASURER	2.00	Officer Director	$0	$0	$0
BRUCE SPIVEY	CHAIR EMERITUS	2.00	Director	$0	$0	$0
USHA ARUNACHALAMA PHD MBA	DIRECTOR THROUGH 3/2023	2.00	Director	$0	$0	$0
DAVID C CUNEO CPA	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN DENNY MD	DIRECTOR	2.00	Director	$32,400	$0	$32,400
ANNE FUNG MD	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE E FUNG MD	DIRECTOR	2.00	Director	$0	$0	$0
BERND KUTZSCHER MD	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD LEE MD	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT A NELSON MD MBA	DIRECTOR	2.00	Director	$0	$0	$0
JOHN POSEY	DIRECTOR	2.00	Director	$0	$0	$0
KRISTA RAMONAS MD	DIRECTOR	2.00	Director	$0	$0	$0
LEE K SCHWARTZ MD	DIRECTOR	2.00	Director	$0	$0	$0
RONA SILKISS MD FACS	DIRECTOR	2.00	Director	$0	$0	$0
ERIC W SPIVEY	DIRECTOR	2.00	Director	$0	$0	$0
DALE WALKER	DIRECTOR THROUGH 7/2023	2.00	Director	$0	$0	$0
ROBERT G WEBSTER JR MD	DIRECTOR	2.00	Director	$0	$0	$0
VERNON G WONG MD	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN R YOUNG BCO	DIRECTOR	2.00	Director	$0	$0	$0
VIVEKA RYDELL-ANDERSON JD MSC	CHIEF EXECUTIVE OFFICER	40.00	Officer	$300,000	$24,864	$324,864
JAMES CHANG	CHIEF FINANCIAL OFFICER	40.00	Officer	$217,681	$6,570	$224,251
STEPHANIE TWERDAHL	DEVELOPMENT DIRECTOR	40.00	Highest	$138,788	$14,159	$152,947

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	$1,486,055	$2,133,873	$44,996,012	$-647,818
2022	$-1,263,095	$2,807,571	$45,332,852	$-4,070,666
2021	$1,322,740	$1,896,934	$47,950,109	$-574,194
2020	$6,322,091	$1,863,351	$47,574,316	$4,458,740
2019	$2,501,108	$1,721,161	$42,610,616	$779,947
2018	$3,064,406	$1,476,104	$38,582,485	$1,588,302