DISCOVERY EYE 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

1968

Legal Domicile

Principal Officer

ANTHONY B NESBURN MD FACS

Phone

3106234466

Tax Period

2023-01-01 to 2023-12-31

DISCOVERY EYE FOUNDATION, founded in 1968, is a small nonprofit that reported $602K in total revenue in fiscal year 2023. Net assets of $2.4M represent 48 months of operating reserves.

Mission

DISCOVERY EYE FOUNDATION SUPPORTS RESEARCH, EDUCATION, AND ADVOCACY RELATING TO SIGHT-THREATENING EYE DISEASE AND THEIR TREATMENTS IMPROVING THE QUALITY OF LIFE FOR PATIENTS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $546,385

DISCOVERY EYE FOUNDATION'S MAIN PURPOSE IS TO ADVANCE RESEARCH IN CORNEAL AND RETINAL DISEASE.

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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 $557,632

Program Service Revenue $0

Investment Income $44,632

Other Revenue $0

TOTAL REVENUE $602,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,574

Fundraising Expenses $2,769

Program Expenses $546,385

Other Expenses $516,625

TOTAL EXPENSES $588,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$602,264	$563,217	+0.1%
Expenses	$588,199	$567,298	+0.0%
Net Income	$14,065	$-4,081	-4.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK L SCHOELLERMAN	Chairman	2.00	Officer Director	$0	$0	$0
ANTHONY B NESBURN MD FACS	President	3.00	Officer Director	$0	$0	$0
JON PYNOOS PHD	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JOAN SEIDEL	Treasurer	1.00	Officer Director	$0	$0	$0
KRISTIN NESBURN MD	MEMBER	1.00	Director	$0	$0	$0
RYAN FISHER	Vice President	1.00	Officer Director	$0	$0	$0
GAVIN HERBERT	Director	1.00	Director	$0	$0	$0
CASSIE DEYOUNG	Secretary	1.00	Officer 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	No data	No data	No data	No data
2023	$602,264	$588,199	$2,424,951	$14,065
2023	$607,054	$645,272	$2,408,484	$-38,218
2022	$563,217	$567,298	$2,371,289	$-4,081
2021	$804,874	$665,686	$2,510,991	$139,188
2020	$680,849	$660,221	$2,138,357	$20,628
2019	$1,075,734	$565,874	$2,037,025	$509,860
2018	$1,176,873	$609,684	$1,287,162	$567,189