New Hampshire Optometric Association Inc

Nonprofit profile at a glance

EIN
020328046
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Concord, NH, USA
Phone
6039642885
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$261,482
Expenses
$261,693
Assets
$787,018
Liabilities
$11

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

Leadership & pay

13 people listed

Executive titles in this filing

  • SOWMYA SRINIVAS (PRESIDENT EL)
  • WINNIE TSENG (PRESIDENT)

People named in this filing

  • JAMES BELANGER (TREASURER)
  • DAVID CABAN (DIRECTOR)
  • ANJELICA DONNELLY (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The New Hampshire optometric association (nhoa) is the professional association representing the vast majority of new hampshires practicing doctors of optometry. We were founded over 110 years ago and have served our members and the citizens of New Hampshire all the years of our existence. We are affiliated with the american optometric association. The nhoa is a membership-governed organization which operates under a set of bylaws approved by the members. A board of directors leads the association between our quarterly membership meetings. We retain the services of an executive director to conduct the day-to-day operations of the association, and since optometry is (and always will be) a profession controlled by the legislature and the administrative agencies, we retain a governmental affairs firm to guide us through our involvement with these functions. Our most visible activity is providing high-quality continuing education (ce) for all New Hampshire optometrists, but behind the scen

What it reported doing in 2024

The nhoa offers continuing education (ce) which is high-quality, interesting and useful to the participants in their pursuit of providing the highest level of care to their patients. The ce provided by the nhoa is planned and coordinated on an annual basis. It is nhoa policy that ce programs meet or exceed all state of New Hampshire requirements for the total number of category one hours, for specific subject content (e.g. The number of glaucoma-specific hours) and for transcript-quality requirements for New Hampshire licensure. Within these parameters, a portion of the annual ce program may be internet-based. Industry partnership with the nhoa in the provision of ce is a very high priority. It serves not only to provide significant financial support, but also to improve the educational quality of the ce experience. To this end, every effort is made to obtain industry participation for all our ce programs. This includes, but is not limited to, financial support, participation as exhibitor, and advising those who are planning the meeting on ways to improve the program.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.5%; rating input score 79
  • Program expense ratio: 78.1%; rating input score 78
  • Fundraising efficiency: Limited

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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -0.1%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 3.01; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 60; 60th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 32.5% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 16.8% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 15.7% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 79.5% of revenue deployed · 78.1% of spending went to programs
  • Governance: 13 of 13 board members independent · 1 of 7 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 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 — Accountability: Governance controls: 5 of 6 not reported.
  • Moderate — Sustainability: Operating margin scored 39/100.