Charity of the Eye Care Network

What it reported doing in 2024

Education program: ecn purpose is dedicated to promoting eye health education. Many individuals are unaware of the crucial role eye health contributes to overall health. To bridge this gap, ecn purpose, through participation in health fairs, nonprofit partner events, and community programs, delivers direct lessons and hands-on activities to raise awareness about eye health. Ecn purpose also provides accessible educational resources, including in-house produced videos, engaging social media posts, and free downloadable materials with some available in english, spanish, and vietnamese.ecn purpose has published more than 600 informative social media posts and clip videos, produced 12 full-length educational videos, and has made available multilingual pamphlets outlining signs that indicate the need for an eye exam at several events reaching over 1,500 attendees. Ecn purpose is expanding its educational outreach by introducing in-house classes for homeschooled students, incorporating interactive learning experiences to deepen their understanding of eye health and vision care. This also educates young students on the eye care industry opportunities, therefore expanding the potential for eye care providers in the future. By continuing to develop innovative and engaging educational initiatives, ecn purpose aims to empower communities with the knowledge needed to prioritize and protect their vision.in conjunction with our mobile program, ecn purpose educates and trains college students who are in pre-optometry programs at local colleges, such as the university of California irvine, on how to administer and use some of the latest mobile eye exam equipment. These training sessions are an opportunity for these students to learn from optometrists who are currently in practice and learn how to assist optometrists in vision screening and eye exams at our various events.

Financial Efficiency

• Mission deployment rate: 86.8%; rating input score 87
• Program expense ratio: 66.2%; rating input score 66
• Fundraising efficiency: $3.55 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th 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: 83.3%; rating input score 83; 22nd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -22%; rating input score 13; 13th percentile among comparable filings
• Total-asset coverage ratio: 5.79; rating input score 82; 82nd percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 60; 60th percentile among comparable filings
• Officer compensation ratio: 48.2%; rating input score 4; 4th percentile among comparable filings

Growth

• Program expense growth: 39.5% per year; rating input score 100; 93rd percentile among comparable filings
• Revenue growth: -61.7% per year; rating input score 0; 1st percentile among comparable filings
• Asset growth: -3.7% per year; rating input score 0; 13th percentile among comparable filings