Foundation of the American Society of Retina Specialists Inc
Nonprofit profile at a glance
- EIN
- 742955964
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-EZ 2014
- Location
- Chicago, IL, USA
- Phone
- 3125788760
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $947,626
- Expenses
- $743,569
- Assets
- $5,037,978
- Liabilities
- $3,449,192
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- J MICHAEL JUMPER MD (PRESIDENT)
- GEOFFREY G EMERSON MD PHD (PRESIDENT-ELECT)
- REGINALD J SANDERS MD (IMMEDIATE PAST PRESIDENT)
People named in this filing
- J MICHAEL JUMPER MD (PRESIDENT)
- GEOFFREY G EMERSON MD PHD (PRESIDENT-ELECT)
- AUDINA M BERROCAL MD (CREDENTIALS CHAIR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation endeavors to support practitioners and patients in all aspects of vitreoretinal care.
What it reported doing in 2024
Through our website we increased public awareness of retinal diseases, including ways to improve, preserve, and restore vision. An emphasis was made on educating the public on the benefits of the prevention of ag macular degeneration.the foundation also presents the retina young investigator award, the m. Gilbert grand asrs vitreoretinal fellowship award and provides various travel grants to cover the costs of applicants to attend the annual meeting of american society of retina specialists.the retina young investigator award, established to nor past leaders of the asrs and to service as a means to nurture the development of the next generation of retina leaders, encourages researchers to undertake investigative work in critical areas of retinal diseases that may one day lead to meaningful improvements in patients' lives. The award was given based on an outstanding paper published during the past year.the m. Gilbert grand asrs vitreoretinal fellowship award is awarded to one qualified applicant each year to provide a second-year fellow funding to continue their retina specialist training.
Operating model
- Revenue model
- Earned-program. 77% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 95% 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
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 100
- Accountability: 88
- Sustainability: 73
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.2%; rating input score 69
- Program expense ratio: 98%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- 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: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 21.5%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 6.78; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.68; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 37.5% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 24% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 23.8% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 69.2% of revenue deployed · 98% of spending went to programs
- Governance: 31 of 31 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $729K in reported program spending
- Leadership: top reported pay $0 · 31 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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 — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 11/100.