RETINAL SCIENCE FOUNDATION

EIN: 990391847 501(c)(3) Human Services

LOS ANGELES, CA

Total Revenue
$1,619,877
Total Expenses
$46,043
Total Assets
$1,592,728
Net Assets
$1,573,834
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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
2023
Legal Domicile
CA
Principal Officer
STEVEN D SCHWARTZ
Phone
3109958056
Tax Period
2024-01-01 to 2024-12-31

RETINAL SCIENCE FOUNDATION, founded in 2023, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024. The organization ran a surplus of $1.6M, a strong 97% operating margin.

Mission

PREVENTING PREVENTABLE BLINDNESS, AND RESTORING VISION TO THOSE WHO HAVE LOST IT IN UNDERSERVED COMMUNITIES.

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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 $1,600,000
Program Service Revenue $0
Investment Income $19,444
Other Revenue $433
TOTAL REVENUE $1,619,877

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $10,916
Program Expenses $31,074
Other Expenses $46,043
TOTAL EXPENSES $46,043

Year-over-Year Comparison

2024 2023 Change
Revenue $1,619,877 N/A N/A
Expenses $46,043 N/A N/A
Net Income $1,573,834 $0 N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN D SCHWARTZ CHIEF EXECUTIVE OFFICER & PRESIDENT 20.00
Officer Director
$0 $0 $0
CINDYE FRIEDMAN CHIEF FINANCIAL OFFICER & TREASURER 8.00
Officer
$0 $0 $0
REBECCA SCHWARTZ SECRETARY 5.00
Officer
$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 $1,619,877 $46,043 $1,592,728 $1,573,834
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