THE FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY (EIN 942682387) - 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

1980

Legal Domicile

Principal Officer

TINA MCGOVERN

Phone

4154470386

Tax Period

2024-04-01 to 2025-03-31

THE FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY, founded in 1980, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $14.9M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $17.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO ADVANCE AAO'S PRIORITY PROGRAMS IN EDUCATION, QUALITY AND DATA SCIENCE, AND PUBLIC SERVICE.

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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 $5,147,862

Program Service Revenue $1,831,398

Investment Income $7,921,387

Other Revenue $-17,461

TOTAL REVENUE $14,883,186

Expense Breakdown

Grants Paid $12,114,730

Salaries & Benefits $1,084,588

Fundraising Expenses $1,068,674

Program Expenses $12,937,324

Other Expenses $4,119,811

TOTAL EXPENSES $17,319,129

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,883,186	$10,929,128	+0.4%
Expenses	$17,319,129	$16,315,413	+0.1%
Net Income	$-2,435,943	$-5,386,285	-0.5%

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

3000

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

$2,376,788

Total Directors

$1,534,554

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE C EDMOND MD	CHAIR (2024) / DIRECTOR (2025)	1.00	Officer Director	$0	$0	$85,000
MICHAEL X REPKA MD MBA	VICE CHAIR (2024) / CHAIR (2025)	1.00	Officer Director	$0	$0	$30,000
CHRISTOPHER J RAPUANO MD	DIRECTOR (2024) / VICE CHAIR (2025)	1.00	Officer Director	$0	$0	$25,000
DUPE S ADEMOLA-POPOOLA MBBS	DIRECTOR	1.00	Director	$0	$0	$0
IQBAL K AHMED MD	DIRECTOR (THROUGH 12/2024)	1.00	Director	$0	$0	$0
DANIEL J BRICELAND MD	DIRECTOR (THROUGH 12/2024)	1.00	Director	$0	$0	$0
ZELIA M CORREA MD PHD	DIRECTOR (START 1/2025)	1.00	Director	$0	$0	$0
ANNA LUISA DI LORENZO MD	DIRECTOR (THROUGH 12/2024)	1.00	Director	$0	$0	$0
RAVI D GOEL MD	DIRECTOR	1.00	Director	$0	$0	$25,000
LAURA K GREEN MD	DIRECTOR	1.00	Director	$0	$0	$10,000
DAVID C HERMAN MD	DIRECTOR	1.00	Director	$0	$0	$17,500
BENNIE H JENG MD	DIRECTOR	1.00	Director	$0	$0	$25,000
LISA DIANE KELLY MD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES A LAWRENCE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF S MALTZMAN MD	DIRECTOR (START 1/2025)	1.00	Director	$0	$0	$0
PURNIMA S PATEL MD	DIRECTOR	1.00	Director	$0	$0	$0
PAISAN RUAMVIBOONSUK MD	DIRECTOR (START 1/2025)	1.00	Director	$0	$0	$0
ERIN SHRIVER MD	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY L SKUTA MD	DIRECTOR (THROUGH 12/2024)	1.00	Director	$0	$0	$0
LEE A SNYDER MD	DIRECTOR	1.00	Director	$0	$0	$10,000
J TIMOTHY STOUT MD PHD MBA	DIRECTOR (START 1/2025)	1.00	Director	$0	$0	$18,500
PREM S SUBRAMANIAN MD PHD	DIRECTOR	1.00	Director	$0	$0	$15,000
RUSSELL N VAN GELDER MD PHD	DIRECTOR	1.00	Director	$0	$0	$0
AARON P WEINGEIST MD	DIRECTOR (THROUGH 12/2024)	1.00	Director	$0	$0	$0
GEORGE A WILLIAMS MD	DIRECTOR	1.00	Director	$0	$0	$25,000
RUTH D WILLIAMS MD	DIRECTOR (START 1/2025)	1.00	Director	$0	$0	$0
REZA ZADNO PHD	DIRECTOR	1.00	Director	$0	$0	$17,500
STEPHEN D MCLEOD MD	SECRETARY / CEO OF AAO	8.00	Officer Director	$0	$108,554	$1,231,054
LAWRENCE MENDENHALL	COO / CFO / CHIEF LEGAL & RISK OFF	6.00	Officer	$0	$106,379	$700,733
TINA MCGOVERN	EXECUTIVE DIRECTOR	40.00	Officer	$259,399	$45,602	$305,001
TODD LYCKBERG	DIRECTOR OF DEVELOPMENT	40.00	Highest	$172,038	$45,319	$217,357

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	$14,883,186	$17,319,129	$182,399,273	$-2,435,943
2024	$10,929,128	$16,315,413	$187,732,204	$-5,386,285
2023	$12,756,911	$15,388,492	$170,564,816	$-2,631,581
2022	$13,944,505	$11,017,181	$169,457,779	$2,927,324
2021	$10,334,123	$9,351,187	$158,744,922	$982,936
2020	$10,872,589	$9,827,117	$126,858,799	$1,045,472
2019	$16,796,549	$7,971,617	$130,218,469	$8,824,932

THE FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY