Richmond Eye and Ear Healthcare Alliance
Nonprofit profile at a glance
- EIN
- 541904435
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2023
- Location
- Richmond, VA, USA
- Phone
- 8047754500
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Hospital, Specialty
Reported finances
- Revenue
- $3,800,854
- Expenses
- $5,202,830
- Assets
- $38,019,346
- Liabilities
- $1,369,963
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- MR TAYLAN BOZKURT (CEO)
Highest reported compensation
- MARC LOTANO (ANESTHESIOLOGIST): $470,550 total reported compensation
- MERVYN COLINA (ANESTHESIOLOGIST): $447,782 total reported compensation
- ANTHONY MANNING (ANESTHESIOLOGIST): $422,939 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Richmond Eye and Ear Healthcare Alliance's (REEHA) mission is to operate an outpatient surgical hospital in a manner that promotes health for a broad cross section of the community, including: Access to the availability of healthcare; Fund health research and community grants; Provide other health care grants as deemed appropriate by its Board of Directors; Promote the use of healthcare technology and education; and Provide free health clinic care services and funding as deemed appropriate by its Board of Directors.
What it reported doing in 2024
The following are a few of reeha's program services: operating the low vision center, which provides low vision rehabilitation services to individuals with visual impairment, regardless of their ability to pay. Low vision rehabilitation is a costly, time-intensive endeavor, serving over 300 unique patients each year to reduce the impact of vision loss and improving independence and quality of life in its patients' lives. 2) providing free vision and hearing screenings for pre-kindergarten children to detect potential visual and auditory problems at an early age, which is critical for academic success. Screenings are provided regardless of income or insurance, and patients are referred to a vision physician to receive follow-up care. Along with screenings, reeha provides educational information regarding the importance of visual and auditory health, and 3) providing outreach for print disabled individuals, supporting a parent-child advocate program for the deaf and hard of hearing community, and donating funds a local free clinic for uninsured patients. Reeha also provides grant funds to colleges and universities to support research studies in the areas of hearing and vision disease, and in partnership or directly other organizations that promote community healthcare. The parent organization of reeha is an owner in stony point surgery center.
Operating model
- Revenue model
- Other-operating. 80% of the money available for current operations came from other operating revenue.
- 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 77
- Accountability: 95
- Sustainability: 36
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.8%; rating input score 76
- Program expense ratio: 50.9%; rating input score 51
- Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 0; 0th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -36.9%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 7.31; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 52.7%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: -4.3% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: -0.1% per year; rating input score 0; 12th percentile among comparable filings
Details
- Where the money goes: 75.8% of revenue deployed · 50.9% of spending went to programs
- Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.6M in reported program spending
- Leadership: top reported pay $471K · 24 people listed · 3 of 6 pay-setting controls reported
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 8 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 — Financial Efficiency: Program expense ratio scored 51/100.
- High — Financial Efficiency: Fundraising efficiency scored 0/100.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 1/100.