Assn of Lens Crafters Lh Drs Inc

Nonprofit profile at a glance

EIN
311223570
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Raleigh, NC, USA
Phone
9197637522
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$2,229,232
Expenses
$1,496,346
Assets
$3,760,362
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • DR KERRY GELB (PRESIDENT)

Highest reported compensation

  • TARA A OGRADY (MANAGING DIR): $144,205 total reported compensation
  • DR KERRY GELB (PRESIDENT): $9,100 total reported compensation
  • DR TORREY CARLSON (DIRECTOR): $8,450 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The association of lease-holding lenscrafters doctors is a non-profit trade association formed for the purpose of networking and educating doctors providing eye healthcare next to lenscrafters, the worlds largest optical provider, and communicating and fostering understanding in an organized way to the leaseholder lenscrafters. The activities of the organization include an annual meeting for the members which is a five day event which offers education, continuing education for state requirement licensure, networking, and exchange of ideas with the vendor suppliers, along with a higher level more concerted communication and ideas exchange with the leaseholder lenscrafters. In addition, the organization has added to it's mission its support of one sight, a non-profit charitable organization that brings free eye care and eyewear to the disadvantaged and the needy in the us and abroad. The organization's mission is to provide the education, professional resources, and communication which w

What it reported doing in 2023

See schedule o

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 92
  • Accountability: 63
  • Sustainability: 75
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.4%; rating input score 67
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 1 of 9 controls in place; rating input score 11
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 32.9%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 2.51; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 98; 98th percentile among comparable filings
  • Officer compensation ratio: 12.2%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: -8.2% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: 3.1% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 15.2% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 67.4% of revenue deployed · 100% of spending went to programs
  • Governance: 6 of 6 board members independent · 1 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $144K · 7 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 7 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.