Wichita Eye Foundation
Nonprofit profile at a glance
- EIN
- 481021522
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Wichita, KS, USA
- Phone
- 3166840313
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Organ and Tissue Banks
Reported finances
- Revenue
- $54,815
- Expenses
- $79,782
- Assets
- $1,901,935
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Highest reported compensation
- MARC VINCENT (DIRECTOR): $3,750 total reported compensation
- DASA GANGADHAR MD (CHAIRMAN): $1,000 total reported compensation
- JIM KUHLMANN OD (DIRECTOR): $1,000 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 engage in grant making to medical educational organizations and related charitable activities in the area of eye disease and vision disorder, and the care and treatment thereof.
What it reported doing in 2024
Provide grants to medical education organizations and other charitable activities in the area of eye disease and vision disorder, and the care and treatment thereof.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 88% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 93
- Accountability: 84
- Sustainability: 48
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.9%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -45.5%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 23.84; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 7.2%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: -13.4% per year; rating input score 0; 24th percentile among comparable filings
- Revenue growth: -10.7% per year; rating input score 0; 31st percentile among comparable filings
- Asset growth: 1.2% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.9% of spending went to programs
- Governance: 3 of 3 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $80K in reported program spending
- Leadership: top reported pay $4K · 3 people listed
- Consistency: 14 of 14 current checks pass
- Schedules: 4 filed schedules · includes grants
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 2 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 — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Officer compensation ratio scored 17/100.