The Vision of Children

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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

1990

Legal Domicile

Principal Officer

Samuel A Hardage

Phone

8583147916

Tax Period

2025-01-01 to 2025-12-31

The Vision of Children, founded in 1990, is a small nonprofit that reported $665K in total revenue in fiscal year 2025. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $171K, a strong 26% operating margin.

Mission

OUR MISSION IS TO CURE HEREDITARY CHILDHOOD BLINDNESS AND OTHER VISION DISORDERS AND TO IMPROVE THE LIVES OF VISUALLY IMPAIRED INDIVIDUALS AND THEIR FAMILIES

Program Service Accomplishments

Program 1

Expenses: $200,000

a. The Vision of Children funds researchers, in the US and internationally, who are advancing our understanding of the causes and are finding cures for inherited eye disease and vision disorders. The...

Program 2

Expenses: $24,089

The Vision of Children provides information to the public and gives researchers an opportunity to arrange for collaborative research projects by hosting a biennial symposium. Additionally, through...

The Vision of Children provides information to the public and gives researchers an opportunity to arrange for collaborative research projects by hosting a biennial symposium. Additionally, through newsletters and our website, we inform the members who make up our family network. The Vision of Children provides adaptive vision aids to school districts. These computer monitors and handheld magnifiers alleviate the stress and strain that students with low vision may face when they are at school. Further, the Vision Hero Video Series are videos of inspiring young people who are able to overcome their vision challenges. Vision Heroes mentor and motivate other young people born with genetic vision disorders to persevere, pursue their goals, and reach their full potential in spite of having a vision disorder.

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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 (2025)

Revenue Breakdown

Contributions & Grants $901,785

Program Service Revenue $0

Investment Income $24,710

Other Revenue $-261,644

TOTAL REVENUE $664,851

Expense Breakdown

Grants Paid $200,000

Salaries & Benefits $163,323

Fundraising Expenses $164,464

Program Expenses $224,089

Other Expenses $130,933

TOTAL EXPENSES $494,256

Year-over-Year Comparison

	2025	2024	Change
Revenue	$664,851	$344,917	+0.9%
Expenses	$494,256	$115,175	+3.3%
Net Income	$170,595	$229,742	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Samuel A Hardage	CEO & Chairman	0.50	Officer Director	$0	$0	$0
Elizabeth Dole	Honorary Co-Chair	0.00	Director	$0	$0	$0
Debora B Farber PhD	Chief Scientific Advisor	0.50	Director	$0	$0	$0
Richard Alan Lewis MD MS	Scientific Advisor	0.50	Director	$0	$0	$0
Daniel W Gil PhD	Director	0.50	Director	$0	$0	$0
Vivian L Hardage MS	Director	0.50	Director	$0	$0	$0
Jacqueline Johnson PhD	Director	0.50	Director	$0	$0	$0
Stephen Moffett OD	Director	0.50	Director	$0	$0	$0
Gregory I Ostrow MD	Director	0.50	Director	$0	$0	$0
Richard A Schatz MD	Director	0.50	Director	$0	$0	$0
Kenneth J Widder MD	Director	0.50	Director	$0	$0	$0
Beth Chaney	Secretary	0.50	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
2025	$664,851	$494,256	$1,460,303	$170,595
2024	$344,917	$115,175	$1,150,215	$229,742
2023	$675,707	$-79,028	$1,138,899	$754,735
2022	$351,716	$405,061	$745,154	$-53,345
2021	$765,318	$396,526	$773,477	$368,792
2020	$286,088	$677,832	$558,246	$-391,744
2019	$796,124	$699,392	$639,572	$96,732
2018	$549,880	$865,751	$576,938	$-315,871