Indiana University Eye Care Inc

Nonprofit profile at a glance

EIN
351725377
IRS 990 coverage
2009–2017
Forms available
Form 990 2017
Location
Indianapolis, IN, USA
Phone
3172787294
Rating
29
Verdict
REVIEW
Rating confidence
Moderate
Sector
Eye Diseases, Blindness and Vision Impairments

Reported finances

Revenue
$50,694
Expenses
$20,542
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • LOUIS CANTOR MD (PRESIDENT)

Highest reported compensation

  • LOUIS CANTOR MD (PRESIDENT): $271,722 total reported compensation
  • CHI WAH YUNG MD (TREASURER): $182,071 total reported compensation
  • DARRELL WUDUNN MD PHD (SECRETARY): $56,022 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Engages in medical research, provides medical education and research with, and is the auxilary to [continue from page 1] the department of opthalmology of the Indiana university school of medicine and its hospitals.

What it reported doing in 2017

Indiana university eye care, inc. Facilitates medical research, provides medical education, and research in conjunction is the auxiliary to the department of opthalmology of the Indiana university school of medicine and its hospitals. The organization provides and makes available to students of the school, interns, and residents in the hospitals access to a broad spectrum of patients, in recognition that a spectrum of patients is essential to performance of the educational functions of the school. Additionally, the organization finances the supplemental acquisitions of facilities and equipment in addition to what is already available to the school and its hospitals.

Operating model

Revenue model
Earned-program. 82% of the money available for current operations came from fees and other program revenue.
Distribution model
Member-benefit provider. The nonprofit used 66% of its reported program spending for member benefits.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 19
  • Transparency & Controls: 60
  • Accountability: 5
  • Sustainability: 44
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 13.9%; rating input score 14
  • Program expense ratio: 34.4%; rating input score 34
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th 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: Pass
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 59.5%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 705.8%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -67.4% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -20% per year; rating input score 0; 23rd percentile among comparable filings
  • Asset growth: -12.9% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 13.9% of revenue deployed · 34.4% of spending went to programs
  • Governance: 0 of 3 board members independent · 1 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7K in reported program spending
  • Leadership: top reported pay $272K · 3 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 17 of 17 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 9 filing years from 2009 to 2017
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 14/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 34/100.
  • High — Accountability: Governance controls: 7 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.