Conexus
Nonprofit profile at a glance
- EIN
- 465257732
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-N 2013
- Location
- Richmond, VA, USA
- Phone
- 8044232020
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Eye Diseases, Blindness and Vision Impairments
Reported finances
- Revenue
- $4,815,895
- Expenses
- $3,068,545
- Assets
- $4,381,430
- Liabilities
- $93,680
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Timothy Gresham (President and CEO)
Highest reported compensation
- Timothy Gresham (President and CEO): $224,235 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Conexus achieves its mission of eliminating poor vision as a barrier to success by identifying children with poor vision through comprehensive vision screenings and connecting those to be found with poor vision to appropriate eye care.
What it reported doing in 2024
Conexus achieves its mission of eliminating poor vision as a barrier to success by identifying children with poor vision through comprehensive vision screenings and connecting those to be found with poor vision to appropriate eye care. Connecting students to eye care varies widely and may include: providing eye exams and glasses through Conexus Mobile Vision Clinic onsite in schools; providing vouchers for care; or informing parents/guardians and school officials of the results of screening suggesting follow up care. In addition, Conexus provides valuable information and data about children's vision to the public school officials, public education officials, the media, eye care professionals, and the general public.
Operating model
- Revenue model
- Donor-supported. 64% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 70
- Accountability: 95
- Sustainability: 70
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.2%; rating input score 58
- Program expense ratio: 90.3%; rating input score 90
- Fundraising efficiency: $25.7 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 36.3%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 1.43; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 7.3%; rating input score 40; 40th percentile among comparable filings
Growth
- Program expense growth: 20.6% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 22.8% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 19.4% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 58.2% of revenue deployed · 90.3% of spending went to programs
- Governance: 15 of 15 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.8M in reported program spending
- Leadership: top reported pay $224K · 16 people listed · 1 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- Moderate — Sustainability: Officer compensation ratio scored 40/100.