Cincinnati Eye Institute Foundation

Cincinnati Eye Institute Foundation reports a deficit in latest fiscal year despite consistent revenue growth.

EIN: 204418334 · Blue Ash, OH · NTEE: H41 · Updated: 2026-03-28

$979KRevenue

$671KAssets

85/100Mission Score (Excellent)

H41

About Cincinnati Eye Institute Foundation

Cincinnati Eye Institute Foundation (EIN: 204418334) is a nonprofit organization based in Blue Ash, OH, classified under NTEE code H41. The organization reported total revenue of $979K and total assets of $671K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cincinnati Eye Institute Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Cincinnati Eye Institute Foundation demonstrates a generally stable financial position, though the most recent filing (202312) shows expenses exceeding revenue by a significant margin ($803,105 in expenses vs. $608,775 in revenue), resulting in a net loss for the period. This contrasts with previous years, such as 202212 and 202112, where revenue slightly exceeded or was close to expenses, indicating a shift in financial performance. The organization's assets have fluctuated but remained robust, with $692,128 in assets reported in 202312, suggesting a healthy reserve to absorb short-term deficits. Liabilities have also seen an increase in 202312 to $123,642, which warrants monitoring.

The foundation's spending efficiency appears to be strong in terms of program focus, as indicated by the absence of officer compensation, suggesting that resources are directed towards its mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent reporting of zero officer compensation across all available filings is a positive indicator of transparency regarding executive pay. The organization's consistent filing of IRS Form 990s over many years also points to a commitment to regulatory transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cincinnati Eye Institute Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Cincinnati Eye Institute Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for directing funds towards the organization's mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Cincinnati Eye Institute Foundation's IRS 990 filings:

Significant deficit in the latest fiscal year (202312), with expenses exceeding revenue by $194,330.
Increase in liabilities in the most recent filing, from $90,508 in 202212 to $123,642 in 202312.

Strengths

The following positive indicators were identified for Cincinnati Eye Institute Foundation:

Consistent reporting of 0% officer compensation across all filings, indicating strong resource allocation to mission.
Healthy asset base ($692,128 in 202312) providing financial stability despite recent deficit.
Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency.
Consistent revenue growth trend over several years prior to the 202312 period, indicating strong donor support.

Frequently Asked Questions about Cincinnati Eye Institute Foundation

Why did expenses significantly exceed revenue in the 202312 fiscal period?

The 202312 filing shows expenses of $803,105 against revenue of $608,775, resulting in a deficit. This could be due to increased program activities, one-time expenditures, or a temporary dip in donations, and warrants further investigation into the detailed expense categories.

What is the specific breakdown of program, administrative, and fundraising expenses?

While the provided data indicates overall expenses, a detailed breakdown of how these expenses are allocated across programs, administration, and fundraising is not available in the summary. This information is crucial for a complete assessment of spending efficiency.

How does the organization plan to address the increase in liabilities in 202312?

Liabilities increased to $123,642 in 202312 from $90,508 in 202212. Understanding the nature of these liabilities and the organization's strategy for managing them would provide insight into its financial stability.

Filing History

IRS 990 filing history for Cincinnati Eye Institute Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Cincinnati Eye Institute Foundation's revenue has grown by 251.5%, moving from $173K to $609K. Total assets increased by 95% over the same period, from $355K to $692K. Total functional expenses rose by 507.6%, from $132K to $803K. In its most recent filing year (2023), Cincinnati Eye Institute Foundation reported a deficit of $194K, with expenses exceeding revenue. The organization holds $124K in liabilities against $692K in assets (debt-to-asset ratio: 17.9%), resulting in net assets of $568K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$609K	$803K	$692K	$124K	—	—
2022	$547K	$543K	$853K	$91K	—	—
2021	$514K	$462K	$816K	$58K	—	View 990
2020	$435K	$390K	$748K	$41K	—	—
2019	$295K	$414K	$749K	$87K	—	View 990
2018	$485K	$459K	$859K	$78K	—	View 990
2017	$377K	$361K	$827K	$73K	—	View 990
2016	$386K	$289K	$815K	$76K	—	View 990
2015	$444K	$246K	$673K	$31K	—	View 990
2014	$271K	$162K	$480K	$36K	—	View 990
2013	$167K	$182K	$335K	$0	—	View 990
2012	$161K	$166K	$350K	$0	—	View 990
2011	$173K	$132K	$355K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $609K, expenses of $803K, and assets of $692K (revenue +11.2% year-over-year).
2022: Revenue of $547K, expenses of $543K, and assets of $853K (revenue +6.6% year-over-year).
2021: Revenue of $514K, expenses of $462K, and assets of $816K (revenue +18.2% year-over-year).
2020: Revenue of $435K, expenses of $390K, and assets of $748K (revenue +47.1% year-over-year).
2019: Revenue of $295K, expenses of $414K, and assets of $749K (revenue -39.1% year-over-year).
2018: Revenue of $485K, expenses of $459K, and assets of $859K (revenue +28.7% year-over-year).
2017: Revenue of $377K, expenses of $361K, and assets of $827K (revenue -2.3% year-over-year).
2016: Revenue of $386K, expenses of $289K, and assets of $815K (revenue -13.1% year-over-year).
2015: Revenue of $444K, expenses of $246K, and assets of $673K (revenue +64.0% year-over-year).
2014: Revenue of $271K, expenses of $162K, and assets of $480K (revenue +61.7% year-over-year).
2013: Revenue of $167K, expenses of $182K, and assets of $335K (revenue +3.7% year-over-year).
2012: Revenue of $161K, expenses of $166K, and assets of $350K (revenue -6.8% year-over-year).
2011: Revenue of $173K, expenses of $132K, and assets of $355K.

Data Sources and Methodology

This transparency report for Cincinnati Eye Institute Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.