Visionary Foundation Inc

Nonprofit profile at a glance

EIN
271490237
IRS 990-EZ coverage
2014–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Rockville, MD, USA
Phone
3018960890
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Relief

Reported finances

Revenue
$181,632
Expenses
$171,620
Assets
$61,619
Liabilities
$0

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

Leadership & pay

7 people listed

Executive titles in this filing

  • JESUS A MARTINEZ (PRESIDENT)

People named in this filing

  • JESUS A MARTINEZ (PRESIDENT)
  • CAROLINA CLAVIJO (TREASURER)
  • ANNA PIGOTTI (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

Donation of visionary services

What it reported doing in 2024

The visionary foundation successfully implemented its tenth annual surgical eye mission in san pedro sula, honduras. Serving in collaboration with our local partner, "fundacin de servicios mdicos voluntarios" (fsmv), a us-based team of four persons under the leadership of dr. J. Alberto martinez conducted a total of 52 eye surgeries over four days in late july at the fsmv charity clinic. The mission was facilitated and assisted by local physician, dr. Marcos fajardo, and his fsmv colleagues.this latest mission again prioritized corneal transplants. However, only four corneas were able to be secured prior to the mission. Dr. Fajardo and fsmv conducted prescreening and identified 20 potential corneal transplant patients before the team's arrival. On the first day, dr. Martinez had to make the difficult decision who among the 20 identified potential recipients were most suitable to receive the four corneas for transplant. Dr. Martinez then performed two penetrating keratoplasties (pk) and two open sky triple procedures, assisted by fsmv drs. Fajardo and pineda, and a skilled team of american and honduran technicians. A total of four corneal transplants were completed this year.

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

SUPPORTED - The filed numbers largely add up and program spending has grown recently. 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: 55
  • Transparency & Controls: 100
  • Sustainability: 48
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.1%; rating input score 54
  • Program expense ratio: 57.3%; rating input score 57

Transparency & Controls

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

Sustainability

  • Operating margin: 5.5%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 29.4% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 18.7% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: -5.3% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 54.1% of revenue deployed · 57.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $98K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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: Mission deployment rate scored 54/100.
  • Review — Financial Efficiency: Program expense ratio scored 57/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • High — Growth: Asset growth scored 0/100.