AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY

EIN: 953877992 Community Improvement

FAIRFAX, VA

Total Revenue
$16,090,211
Total Expenses
$12,934,598
Total Assets
$11,891,572
Net Assets
$4,431,416
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
CA
Principal Officer
STEPHEN H SPEARES
Phone
7035912220
Tax Period
2020-09-01 to 2021-08-31

AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY, founded in 1974, is a mid-sized nonprofit in the Community Improvement sector that reported $15.8M in total revenue in fiscal year 2017. Revenue decreased 6% compared to the prior year. Expenses of $17.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO EMPOWER ANTERIOR SEGMENT SURGEONS TO IMPROVE THE VISION, OUTCOMES AND QUALITY OF LIFE FOR THEIR PATIENTS

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $14,320,515
Investment Income $127,267
Other Revenue $1,642,429
TOTAL REVENUE $16,090,211

Expense Breakdown

Grants Paid $81,508
Salaries & Benefits $5,060,852
Fundraising Expenses $0
Other Expenses $7,792,238
TOTAL EXPENSES $12,934,598

Year-over-Year Comparison

2020 2019 Change
Revenue $16,090,211 $10,729,024 +0.5%
Expenses $12,934,598 $10,671,634 +0.2%
Net Income $3,155,613 $57,390 +54.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
55
Volunteers
25

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
8
$1,149,297
Total Directors
11
$0
Key Employees
4
$831,625
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY KIM MD IMMEDIATE PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
RICHARD HOFFMAN MD PRESIDENT 2.00
Officer Director
$0 $0 $0
NICK MAMALIS MD PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
THOMAS SAMUELSON MD MEMBER AT LARGE 2.00
Director
$0 $0 $0
DOUGLASH RHEE MD VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ELIZABETH YEU-LIN MD SECRETARY 2.00
Officer Director
$0 $0 $0
DAVID CHANG MD INTERNATIONAL CHAIR, ASCRS FOUNDATION 2.00
Director
$0 $0 $0
ERIC DONNENFELD MD CHIEF MEDICAL EDITOR, EYEWORLD 2.00
Director
$0 $0 $0
EDWARD HOLLAND MD CHAIR, ASCRS PROGRAM COMMITTEE 2.00
Director
$0 $0 $0
RICHARD LINDSTROM MD MEMBER AT LARGE 2.00
Director
$0 $0 $0
KERRY SOLOMON MD DOMESTIC CHAIR, ASCRS FOUNDATION 2.00
Director
$0 $0 $0
STEPHEN H SPEARES EXECUTIVE DIRECTOR-ASCRS 40.00
Officer
$545,368 $26,000 $571,368
DONALD W BELL CHIEF OPERATING OFFICER 40.00
Officer
$284,864 $28,800 $313,664
KIJU DELEON CHIEF FINANCIAL OFFICER 40.00
Officer
$233,515 $30,750 $264,265
NANCEY K MCCANN DIRECTOR, GOVERTMENT RELATIONS 40.00
Key Emp
$191,897 $22,441 $214,338
TRENT L LUTZ DIRECTOR, HR & STRATEGIC OPERATIONS 40.00
Key Emp
$202,488 $18,991 $221,479
JOSEPH F DOOLEY SALES MANAGER 40.00
Key Emp
$191,154 $11,548 $202,702
LAUREEN C ROWLAND EXECUTIVE DIRECTOR-ASOA 40.00
Key Emp
$167,500 $25,606 $193,106
RICHARD E MRAZ CHIEF TECHNOLOGY OFFICER 40.00
Highest
$147,345 $9,704 $157,049
JOSHUA E BRANDENBURG DIRECTOR, TECHNOLOGY 40.00
Highest
$129,552 $12,591 $142,143
JESSICA DONOHOE DIRECTOR, SALES & SPECIAL PROJECTS 40.00
Highest
$140,992 $11,176 $152,168
SCOTT E SHAFFER CONTROLLER 40.00
Highest
$110,973 $33,946 $144,919
MOLLY GASCOIGNE DEVELOPMENT DIR, ASCRS FOUNDATION 40.00
Highest
$120,360 $7,635 $127,995
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
2021 $16,090,211 $12,934,598 $11,891,572 $3,155,613
2020 $10,729,024 $10,671,634 $7,847,608 $57,390
2019 $17,086,843 $18,477,904 $7,953,451 $-1,391,061
2018 $15,770,833 $17,383,779 $11,685,347 $-1,612,946
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY with other nonprofits in Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.