RETINAL SCIENCE FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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

Financial Trends

Organization Details

Formation Year

2023

Legal Domicile

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

OUR PASSION IS PREVENTING PREVENTABLE BLINDNESS, AND RESTORING VISION TO THOSE WHO HAVE LOST IT. WE ADVANCE CURES AND TREATMENTS FOR BLINDING EYE DISEASES BY DEVELOPING AND ACCELERATING ACCESS TO NEW AND EXPERIEMENTAL OPHTHALMIC, MEDCIAL, AND SURGICAL TREATMENTS. WE FOCUS ON TRANSLATIONAL AND CLINICAL TRIALS RESEARCH. WE STUDY AND SOLVE SCIENTIFIC AND SOCIOECONOMIC BARRIERS TO QUALITY CARE WITH REAL WORLD EVIDENCE-BASED HEALTH CARE DATA SCIENCE COUPLED WITH SCREENING PROGRAMS, DIGITAL HEALTH SOLUTIONS, EDUCATIONAL PROGRAMS, CLINICAL TRIALS AND CARE FOR THE UNDERSERVED.

Program Service Accomplishments

Program 1

Expenses: $31,074

THE START-UP OPERATIONS OF THE FOUNDATION ARE FOCUSED ON FUNDING GRANTS, CONDUCTING RESEARCH, AND ASSISTING YOUNG INVESTIGATOR PROGRAMS, CLINICAL TRIAL CENTERS, AND RETINAL DISEASE SCREEING PROGRAMS. DURING THIS EARLY STAGE, THE INCURRED PROGRAM EXPENSES ARE INVESTIGATORY AND NOT SPECIFICALLY ALLOCABLE TO SEPARATE PROGRAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

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

🔒

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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