Saginaw Area Foundation for Eyecare

Nonprofit profile at a glance

EIN
352179007
IRS 990-EZ coverage
2013–2017
Forms available
Form 990-EZ 2017
Location
Saginaw, MI, USA
Phone
9897923370
Rating
34
Verdict
REVIEW
Rating confidence
Moderate
Sector
Eye Diseases, Blindness and Vision Impairments

Official website

Reported finances

Revenue
$1,306
Expenses
$59,054
Assets
$82,127
Liabilities
$0

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

Leadership & pay

8 people listed

Executive titles in this filing

  • CHRISTINE HAZEN (PRESIDENT)
  • JODI SCORSONE (EXECUTIVE DIRECTOR)

People named in this filing

  • CHRISTINE HAZEN (PRESIDENT)
  • KURT BEUTHIN CPA (TREASURER)
  • RICARDO VERDONI (BOARD MEMBER)

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 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the foundation is to provide charitable services to the community through education, research and service. The foundation is committed to the reduction of eye disease throughout mid-Michigan by providing early detection and treatment. This is accomplished through community education, continuing medical education and outreach programs providing eye care for the indigent, homebound, elderly and underprivileged children.

What it reported doing in 2017

The foundation continued to obtain financial support for its exempt activities and programs, including the use of a medical van to serve the homebound and others in need.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

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 total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 33
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -4,421.7%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 1.39; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -30.3% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -32.9% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: -5.8% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2013 to 2017
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.