National Association Of Vision Care Plans Inc
National Association Of Vision Care Plans Inc maintains stable operations with recent deficits and no reported officer compensation.
EIN: 141862334 · Tucker, GA · NTEE: S41 · Updated: 2026-03-28
Is National Association Of Vision Care Plans Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Association Of Vision Care Plans Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About National Association Of Vision Care Plans Inc
National Association Of Vision Care Plans Inc (EIN: 141862334) is a nonprofit organization based in Tucker, GA, classified under NTEE code S41. The organization reported total revenue of $3.3M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Association Of Vision Care Plans Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Association Of Vision Care Plans Inc is a mid-size nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 25.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-281,953 |
| Total Assets | $2.1M |
| Total Liabilities | $1.4M |
| Net Assets | $658K |
| Operating Margin | -9.0% |
| Debt-to-Asset Ratio | 68.0% |
| Months of Reserves | 7.2 months |
Financial Health Grade: C
In 2022, National Association Of Vision Care Plans Inc reported a deficit of $282K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 68.0% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), National Association Of Vision Care Plans Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +4.9% | +11.8% | -10.7% |
| 2021 | +3.4% | +7.0% | -13.4% |
| 2020 | -22.9% | -12.7% | +65.6% |
| 2019 | +50.0% | +31.5% | +60.0% |
| 2018 | -18.2% | -15.6% | -16.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates National Association Of Vision Care Plans Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, National Association Of Vision Care Plans Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $282K, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is categorized under other expense lines, which could affect transparency.
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 National Association Of Vision Care Plans Inc's IRS 990 filings:
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in summary data
- Expenses exceeding revenue in recent years (2021 and 2022)
- Increasing liabilities without clear context of their nature
Strengths
The following positive indicators were identified for National Association Of Vision Care Plans Inc:
- Consistent revenue generation over a decade
- Significant growth in assets over time, from $120,639 in 2013 to $2,058,502 in 2022
- No reported officer compensation, potentially indicating efficient use of funds or volunteer leadership
Frequently Asked Questions about National Association Of Vision Care Plans Inc
Is National Association Of Vision Care Plans Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, National Association Of Vision Care Plans Inc (EIN: 141862334) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does National Association Of Vision Care Plans Inc spend its money?
National Association Of Vision Care Plans Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to National Association Of Vision Care Plans Inc tax-deductible?
National Association Of Vision Care Plans Inc is registered as a tax-exempt nonprofit (EIN: 141862334). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the detailed breakdown of program service expenses versus administrative and fundraising costs?
The provided IRS 990 summary data does not offer a detailed breakdown of program service expenses, administrative costs, and fundraising expenses. This information would be crucial for a more precise assessment of spending efficiency.
How does the organization sustain operations without reporting officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be volunteer-based, or their compensation is reported under different expense categories, which would require further investigation of the full 990 forms for clarity.
What caused the deficits in 2021 and 2022 where expenses exceeded revenue?
In 2021, expenses ($3,050,655) slightly exceeded revenue ($2,983,183), and in 2022, expenses ($3,410,094) significantly exceeded revenue ($3,128,141). The specific reasons for these deficits are not detailed in the summary data and would require reviewing the full financial statements.
What is the organization's strategy for managing increasing liabilities?
Liabilities have shown an upward trend, reaching $1,400,469 in 2022. While assets have also grown, understanding the nature of these liabilities and the organization's strategy for managing them is important for long-term financial health.
Filing History
IRS 990 filing history for National Association Of Vision Care Plans Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), National Association Of Vision Care Plans Inc's revenue has grown by 1128.5%, moving from $255K to $3.1M. Total assets increased by 944.9% over the same period, from $197K to $2.1M. Total functional expenses rose by 951.8%, from $324K to $3.4M. In its most recent filing year (2022), National Association Of Vision Care Plans Inc reported a deficit of $282K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $2.1M in assets (debt-to-asset ratio: 68.0%), resulting in net assets of $658K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3.1M | $3.4M | $2.1M | $1.4M | — | View 990 |
| 2021 | $3.0M | $3.1M | $2.3M | $1.4M | — | View 990 |
| 2020 | $2.9M | $2.9M | $2.7M | $1.6M | — | — |
| 2019 | $3.7M | $3.3M | $1.6M | $626K | — | View 990 |
| 2018 | $2.5M | $2.5M | $1.0M | $259K | — | View 990 |
| 2017 | $3.0M | $2.9M | $1.2M | $593K | — | View 990 |
| 2016 | $3.6M | $3.1M | $1.0M | $531K | — | View 990 |
| 2015 | $1.1M | $1.1M | $388K | $381K | — | View 990 |
| 2014 | $479K | $525K | $219K | $183K | — | View 990 |
| 2013 | $445K | $471K | $121K | $39K | — | View 990 |
| 2012 | $271K | $281K | $212K | $104K | — | View 990 |
| 2011 | $255K | $324K | $197K | $79K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3.1M, expenses of $3.4M, and assets of $2.1M (revenue +4.9% year-over-year).
- 2021: Revenue of $3.0M, expenses of $3.1M, and assets of $2.3M (revenue +3.4% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.9M, and assets of $2.7M (revenue -22.9% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.3M, and assets of $1.6M (revenue +50.0% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.5M, and assets of $1.0M (revenue -18.2% year-over-year).
- 2017: Revenue of $3.0M, expenses of $2.9M, and assets of $1.2M (revenue -14.3% year-over-year).
- 2016: Revenue of $3.6M, expenses of $3.1M, and assets of $1.0M (revenue +237.5% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $388K (revenue +120.1% year-over-year).
- 2014: Revenue of $479K, expenses of $525K, and assets of $219K (revenue +7.7% year-over-year).
- 2013: Revenue of $445K, expenses of $471K, and assets of $121K (revenue +64.1% year-over-year).
- 2012: Revenue of $271K, expenses of $281K, and assets of $212K (revenue +6.5% year-over-year).
- 2011: Revenue of $255K, expenses of $324K, and assets of $197K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Association Of Vision Care Plans Inc:
Data Sources and Methodology
This transparency report for National Association Of Vision Care Plans 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.