Southern Council of Optometrists Inc
Nonprofit profile at a glance
- EIN
- 580867559
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Atlanta, GA, USA
- Phone
- 7704518206
- Rating confidence
- Limited
Reported finances
- Revenue
- $3,434,867
- Expenses
- $3,807,285
- Assets
- $2,563,748
- Liabilities
- $699,924
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- TIM BARRY OD (PRESIDENT)
- DAVID ROUSE OD (PRESIDENT ELECT)
- MATT BURCHETT OD (VICE PRESIDENT)
- MICHELLE COOPER OD (IMMEDIATE PAST PRESIDENT)
- HORACE DEAL OD (IMMEDIATE PAST PRESIDENT)
- ELIZABETH TAYLOR DEMAYO (EXECUTIVE DIRECTOR)
Highest reported compensation
- ELIZABETH TAYLOR DEMAYO (EXECUTIVE DIRECTOR): $221,867 total reported compensation
- HORACE DEAL OD (IMMEDIATE PAST PRESIDENT): $8,043 total reported compensation
- DAVID ROUSE OD (PRESIDENT ELECT): $3,250 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To advance eye care world-wide through education, professional networking and strategic partnerships.to present an annual education congress (hereinafter the "congress") for eye care providers and the benefit of the public health and advancement of the profession of optometry and to hold such educational meetings and exhibitions as may seem from time to time advisable. To publish, or cause to be published, educational material relative to the profession of optometry in the form of pamphlets, booklets, other media, etc.to disseminate, or cause to be disseminated, to the public or interested parties, such information regarding optometry as may seem desirable and to the public benefit. To cooperate with other health professions and with municipal, state and national agencies concerned with the public health and welfare, toward the improvement of the general public.
What it reported doing in 2024
Outreach - through a partnership seco is assisting international optometry associations in the production of continuing education programs to meet the professional development of optometrists and allied ophthalmic professionals, including international organizations such as the armed forces optometric society (afos), association of optometrists (uk), federacion colombiana de optometras (fedopto), south african optometric association (saoa), trinidad & tobago optometrists association, and colegio de optometristas de costa rica. Seco international has evolved into a prominent platform for eye care professionals to connect, learn, and grow.
Operating model
- Revenue model
- Other-operating. 99% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 56
- Accountability: 72
- Sustainability: 23
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 3.7%; rating input score 4; 12th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 68.4%; rating input score 68; 11th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -10.8%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.67; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 6.4%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -1.3% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: -0.9% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 13 of 19 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $222K · 20 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $529K reported
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes grants and executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- 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 — Transparency & Controls: Grant itemization coverage scored 4/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 12/100.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.