International Academy of Orthokerto

Nonprofit profile at a glance

EIN
812861756
IRS 990-EZ coverage
2017–2024
Forms available
Form 990-EZ 2024, Form 990-N 2015
Location
Jamul, CA, USA
Phone
6199724913
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Eye Diseases, Blindness & Vision Impairments Research

Official website

Reported finances

Revenue
$11,013
Expenses
$12,085
Assets
$96,968

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

27 people listed

Executive titles in this filing

  • MARINO FORMENTI (PRESIDENT)

People named in this filing

  • CHERYL CHAPMAN (DIRECTOR)
  • LANGIS MICHAUD (DIRECTOR)
  • PATRICK SIMARD (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote knowledge, scientific communication, and research in the fields of orthokeratology and myopia control.

What it reported doing in 2024

Iaomc accomplishments: accreditation testing was updated. We are transitioning to an online testing platform for some of the sections. We added a new section iaomc- asia which is slowly adding members. Aaomc: the staff training program and the cmn (certified myopia navigator) have tripled in membership. This is a significant source of revenue. Vbd 2025 conference revenue was below expectations. Bod convenened to make significant changes in 2026 vbd to be held in cincinnati. Oso section: same type of conference held in australia eurok section: several one day conferences on myopia management held throughout europe. Asia section: several conferences on myopia control and orthokerotology throughout china. Alocm: added their first fellow fiaomc, javier prada

Operating model

Revenue model
Donor-supported. 100% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 82
  • Sustainability: 48
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.2%; rating input score 96
  • Program expense ratio: 87.7%; rating input score 88

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -9.7%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 8.02; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 18.2% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: -1.9% per year; rating input score 0; 44th percentile among comparable filings
  • Asset growth: 1.2% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 96.2% of revenue deployed · 87.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $11K in reported program spending
  • Leadership: top reported pay $0 · 27 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • 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 — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.