Washington Eye Foundation

Nonprofit profile at a glance

EIN
471839203
IRS 990-EZ coverage
2015–2025
Forms available
Form 990-EZ 2025
Location
Seattle, WA, USA
Phone
2064419762
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.

Official website

Reported finances

Revenue
$23,868
Expenses
$24,640
Assets
$303,861
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • AARON WEINGEIST MD (PRESIDENT)

People named in this filing

  • AARON WEINGEIST MD (PRESIDENT)
  • RAHUL MANDIGA MD (TREASURER)
  • K DAVID EPLEY MD (SECRETARY)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Washington eye foundation was formed to support the charitable, educational, and scientific activities of waeps through its activities.

What it reported doing in 2025

Activities will include - creating and distributing public service announcements regarding eye and vision care; arranging for free glaucoma screenings to individuals who are unable to afford such screenings; developing and conducting education programs for members of waeps and the public; arranging for free vision screenings for children whose families are unable to afford such screenings; creating educational materials for use by waeps' members; conducting charitable events supporting eye research or disease research related to conditions that may affect the eyes; funding scientific research into ophthalmic diseases; engaging with medical students and residents regarding waeps and eye and vision care; connecting patients in need of care to local ophthalmologists; and making grants to waeps to support waeps' charitable, educational, and scientific purposes.

Operating model

Revenue model
Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 55% for direct work, and 45% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 82
  • Sustainability: 59
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.4%; rating input score 94
  • Program expense ratio: 89.4%; rating input score 89

Transparency & Controls

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

Sustainability

  • Operating margin: -3.2%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 12.33; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 25.1% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: -21.3% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: 5.2% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 94.4% of revenue deployed · 89.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $22K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2015 to 2025
  • 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 — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.