Maryland Optometric Association Inc
EIN: 520822684 · Stevenson, MD
| Metric | Value |
|---|---|
| Total Revenue | $437K |
| Total Expenses | $355K |
| Net Assets | $957K |
Is Maryland Optometric Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maryland Optometric Association Inc
Maryland Optometric Association Inc (EIN: 520822684) is a nonprofit organization based in Stevenson, MD. The organization reported total revenue of $437K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maryland Optometric Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maryland Optometric Association Inc is a small nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $411K |
| Total Expenses | $355K |
| Surplus / Deficit | +$56K |
| Total Assets | $999K |
| Total Liabilities | $42K |
| Net Assets | $957K |
| Operating Margin | 13.7% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 33.8 months |
Financial Health Grade: A
In 2023, Maryland Optometric Association Inc reported a surplus of $56K with revenue exceeding expenses, holds 33.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maryland Optometric Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.6% | -38.6% | +16.8% |
| 2022 | +0.3% | +1.8% | -11.3% |
| 2021 | +24.0% | +30.2% | +10.6% |
| 2020 | -47.4% | -37.6% | +9.6% |
| 2019 | +67.4% | +32.4% | +50.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maryland Optometric Association Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maryland Optometric Association Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.2%.
Frequently Asked Questions about Maryland Optometric Association Inc
Is Maryland Optometric Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maryland Optometric Association Inc (EIN: 520822684) insufficient data. 0 red flags identified, 0 strengths noted.
How does Maryland Optometric Association Inc spend its money?
Detailed spending breakdown data is not yet available for Maryland Optometric Association Inc. Check back for updated IRS 990 analysis.
Are donations to Maryland Optometric Association Inc tax-deductible?
Maryland Optometric Association Inc is registered as a tax-exempt nonprofit (EIN: 520822684). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maryland Optometric Association Inc located?
Maryland Optometric Association Inc is headquartered in Stevenson, Maryland and files with the IRS under EIN 520822684.
How many years of IRS 990 filings does Maryland Optometric Association Inc have?
Maryland Optometric Association Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $437K in total revenue.
Filing History
IRS 990 filing history for Maryland Optometric Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maryland Optometric Association Inc's revenue has declined by 25.4%, moving from $551K to $411K. Total assets increased by 36.8% over the same period, from $730K to $999K. Total functional expenses fell by 38.2%, from $573K to $355K. In its most recent filing year (2023), Maryland Optometric Association Inc reported a surplus of $56K, with revenue exceeding expenses. The organization holds $42K in liabilities against $999K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $957K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $411K | $355K | $999K | $42K | — | View 990 |
| 2022 | $601K | $578K | $855K | $42K | — | View 990 |
| 2021 | $599K | $568K | $964K | $42K | — | — |
| 2020 | $483K | $436K | $871K | $42K | — | — |
| 2019 | $918K | $699K | $795K | $42K | — | View 990 |
| 2018 | $548K | $528K | $527K | $54K | — | View 990 |
| 2017 | $599K | $584K | $554K | $41K | — | View 990 |
| 2016 | $504K | $511K | $506K | $32K | — | View 990 |
| 2015 | $536K | $509K | $512K | $43K | — | View 990 |
| 2014 | $471K | $529K | $519K | $67K | — | View 990 |
| 2013 | $462K | $579K | $551K | $51K | — | View 990 |
| 2012 | $477K | $541K | $692K | $106K | — | View 990 |
| 2011 | $551K | $573K | $730K | $106K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $411K, expenses of $355K, and assets of $999K (revenue -31.6% year-over-year).
- 2022: Revenue of $601K, expenses of $578K, and assets of $855K (revenue +0.3% year-over-year).
- 2021: Revenue of $599K, expenses of $568K, and assets of $964K (revenue +24.0% year-over-year).
- 2020: Revenue of $483K, expenses of $436K, and assets of $871K (revenue -47.4% year-over-year).
- 2019: Revenue of $918K, expenses of $699K, and assets of $795K (revenue +67.4% year-over-year).
- 2018: Revenue of $548K, expenses of $528K, and assets of $527K (revenue -8.5% year-over-year).
- 2017: Revenue of $599K, expenses of $584K, and assets of $554K (revenue +19.0% year-over-year).
- 2016: Revenue of $504K, expenses of $511K, and assets of $506K (revenue -6.1% year-over-year).
- 2015: Revenue of $536K, expenses of $509K, and assets of $512K (revenue +13.8% year-over-year).
- 2014: Revenue of $471K, expenses of $529K, and assets of $519K (revenue +2.1% year-over-year).
- 2013: Revenue of $462K, expenses of $579K, and assets of $551K (revenue -3.2% year-over-year).
- 2012: Revenue of $477K, expenses of $541K, and assets of $692K (revenue -13.5% year-over-year).
- 2011: Revenue of $551K, expenses of $573K, and assets of $730K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maryland Optometric Association Inc:
Data Sources and Methodology
This transparency report for Maryland Optometric Association Inc 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.