AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY

EIN: 953877992 Community Improvement

FORT WORTH, TX

Total Revenue
$17,537,362
Total Expenses
$17,040,629
Total Assets
$11,654,385
Net Assets
$8,643,851
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
CA
Principal Officer
STEPHEN H SPEARES
Phone
7035912220
Tax Period
2024-09-01 to 2025-08-31

AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY, founded in 1974, is a mid-sized nonprofit in the Community Improvement sector that reported $17.5M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY IS TO EMPOWER ANTERIOR SEGMENT SURGEONS TO IMPROVE THE VISION, OUTCOMES, AND QUALITY OF LIFE FOR THEIR PATIENTS THROUGH INNOVATIVE APPROACHES TO EDUCATION, ADVOCACY, AND PHILANTHROPY.

Program Service Accomplishments

Program 1

THE ANNUAL SYMPOSIUM AND OTHER MEETINGS THROUGHOUT THE YEAR PROVIDE EDUCATION IN THE FIELDS OF CATARACT AND REFRACTIVE SURGERY AND OTHER OPHTHALMOLOGY RELATED TOPICS. THE MEETINGS ARE EDUCATIONAL AND...

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THE ANNUAL SYMPOSIUM AND OTHER MEETINGS THROUGHOUT THE YEAR PROVIDE EDUCATION IN THE FIELDS OF CATARACT AND REFRACTIVE SURGERY AND OTHER OPHTHALMOLOGY RELATED TOPICS. THE MEETINGS ARE EDUCATIONAL AND PROMOTE THE SOCIETY'S EXEMPT PURPOSE.

Program 2

THE JOURNAL OF CATARACT AND REFRACTIVE SURGERY, PUBLISHED MONTHLY, IS EDUCATIONAL IN NATURE AND SERVES TO PROMOTE THE EXEMPT PURPOSE OF THE ORGANIZATION. INCLUDED ARE ARTICLES ON ALL ASPECTS OF...

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THE JOURNAL OF CATARACT AND REFRACTIVE SURGERY, PUBLISHED MONTHLY, IS EDUCATIONAL IN NATURE AND SERVES TO PROMOTE THE EXEMPT PURPOSE OF THE ORGANIZATION. INCLUDED ARE ARTICLES ON ALL ASPECTS OF ANTERIOR SEGMENT SURGERY. IN ADDITION TO ORIGINAL CLINICAL STUDIES, THE JOURNAL FEATURES A CONSULTATION SECTION, PRACTICAL TECHNIQUES, IMPORTANT CASES, AND REVIEWS AS WELL AS BASIC SCIENCE ARTICLES.

Program 3

THE BI-MONTHLY PUBLICATION, ADMINISTRATIVE EYECARE, CONTAINS INFORMATION ABOUT OPHTHALMIC OFFICE ADMINISTRATION AND SERVICES TO PROMOTE THE EXEMPT PURPOSE OF THE ORGANIZATION. REGULAR COLUMNS INCLUDE...

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THE BI-MONTHLY PUBLICATION, ADMINISTRATIVE EYECARE, CONTAINS INFORMATION ABOUT OPHTHALMIC OFFICE ADMINISTRATION AND SERVICES TO PROMOTE THE EXEMPT PURPOSE OF THE ORGANIZATION. REGULAR COLUMNS INCLUDE BUSINESS OPERATIONS, FINANCE, HUMAN RESOURCES, INFORMATION TECHNOLOGY, LEGAL ISSUES, MANAGEMENT, MARKETING, REVENUE GENERATION, CODING AND REIMBURSEMENT, LEGISLATIVE AND REGULATORY UPDATES, TECHNICIAN MANAGEMENT, AMBULATORY SURGICAL CENTERS, OPTICAL SHOPS, AND OPHTHALMIC PRACTICES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $16,104,241
Investment Income $193,078
Other Revenue $1,240,043
TOTAL REVENUE $17,537,362

Expense Breakdown

Grants Paid $43,000
Salaries & Benefits $5,988,532
Fundraising Expenses $0
Other Expenses $11,009,097
TOTAL EXPENSES $17,040,629

Year-over-Year Comparison

2024 2023 Change
Revenue $17,537,362 $16,362,619 +0.1%
Expenses $17,040,629 $16,930,301 +0.0%
Net Income $496,733 $-567,682 -1.9%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
46
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
10
$1,653,143
Total Directors
9
$0
Key Employees
6
$1,155,366
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCIS MAH MD PRESIDENT 2.00
Officer Director
$0 $0 $0
KEVIN MILLER MD VICE PRESIDE 2.00
Officer Director
$0 $0 $0
VANCE THOMPSON IMMEDIATE PA 2.00
Officer Director
$0 $0 $0
CATHY MCCABE MD TREASURER 2.00
Officer Director
$0 $0 $0
NICOLE FRAM MD SECRETARY 2.00
Officer Director
$0 $0 $0
SUSANNE HEWITT MD GOVT RELATIO 2.00
Director
$0 $0 $0
SAM GARG MD EYEWORLD CHA 2.00
Director
$0 $0 $0
NICK MAMALIS MD MEMBER AT LA 2.00
Director
$0 $0 $0
TOM SAMUELSON MD PROGRAM CHAI 2.00
Director
$0 $0 $0
STEPHEN H SPEARES EXECUTIVE DI 40.00
Officer
$661,732 $45,335 $707,067
ABIGAIL MARKWARD EXEC DIR - A 40.00
Officer
$352,121 $32,969 $385,090
MARK CRIBBEN DIR OF GOVT 40.00
Key Emp
$183,774 $35,590 $219,364
ANGELA W NICHOLS CHIEF OPER. 40.00
Officer
$186,231 $26,790 $213,021
JESSICA DONOHOE DIRECTOR SAL 40.00
Key Emp
$184,113 $13,823 $197,936
LAURA ROUSSEAU DIR. OF DEVE 40.00
Key Emp
$193,663 $9,777 $203,440
RICHARD E MRAZ CHIEF TECH O 40.00
Officer
$163,149 $25,722 $188,871
JOSEPH F DOOLEY SALES MANAGE 40.00
Key Emp
$180,629 $12,311 $192,940
AMANDA WIEGREFE ASSOC DIR - 40.00
Key Emp
$159,772 $11,426 $171,198
KAREN O MATHES DIRECTOR MBS 40.00
Key Emp
$150,665 $19,823 $170,488
MATTHEW E MOSELEY EXECUTIVE DI 40.00
Officer
$143,096 $15,998 $159,094
JENNIFER G GALLIHUGH GROUP DIR. A 40.00
Highest
$133,562 $14,677 $148,239
GENIE G BAILEY MANAGING EDI 40.00
Highest
$120,906 $14,546 $135,452
CRISTA L PARKER DIR., COMMUN 40.00
Highest
$119,646 $7,612 $127,258
KRISTINE A COAN DIR., EDUC & 40.00
Highest
$114,316 $23,500 $137,816
KIMBERLY J MANGAN ASSOC DIR - 40.00
Highest
$117,843 $10,183 $128,026
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 $17,537,362 $17,040,629 $11,654,385 $496,733
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
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