Nebraska Academy Of Ophthalmology
EIN: 470630498 · Lincoln, NE
| Metric | Value |
|---|---|
| Total Revenue | $187K |
| Total Expenses | $233K |
| Net Assets | $-46,063 |
Is Nebraska Academy Of Ophthalmology Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nebraska Academy Of Ophthalmology
Nebraska Academy Of Ophthalmology (EIN: 470630498) is a nonprofit organization based in Lincoln, NE. The organization reported total revenue of $187K and total assets of $91 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nebraska Academy Of Ophthalmology's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nebraska Academy Of Ophthalmology is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $152K |
| Total Expenses | $233K |
| Surplus / Deficit | $-80,837 |
| Total Assets | $29K |
| Total Liabilities | $75K |
| Net Assets | $-46,063 |
| Operating Margin | -53.1% |
| Debt-to-Asset Ratio | 258.5% |
| Months of Reserves | 1.5 months |
Financial Health Grade: D
In 2023, Nebraska Academy Of Ophthalmology reported a deficit of $81K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 258.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nebraska Academy Of Ophthalmology's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.6% | +123.6% | -43.7% |
| 2022 | +0.0% | -6.1% | +128.7% |
| 2021 | -10.5% | -4.0% | +1218.9% |
| 2020 | -12.3% | -21.8% | -90.6% |
| 2019 | +1.8% | +2.2% | -33.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nebraska Academy Of Ophthalmology 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 Nebraska Academy Of Ophthalmology 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 deficit of $81K, with expenses exceeding revenue.
- Debt-to-asset ratio: 258.5%.
Frequently Asked Questions about Nebraska Academy Of Ophthalmology
Is Nebraska Academy Of Ophthalmology a legitimate charity?
Nebraska Academy Of Ophthalmology (EIN: 470630498) is a registered tax-exempt nonprofit based in Nebraska. It has 13 years of IRS 990 filings on record. Total revenue: $187K. No red flags identified. Financial health grade: D.
How does Nebraska Academy Of Ophthalmology spend its money?
Nebraska Academy Of Ophthalmology reported $187K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nebraska Academy Of Ophthalmology tax-deductible?
Nebraska Academy Of Ophthalmology is registered as a tax-exempt nonprofit (EIN: 470630498). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nebraska Academy Of Ophthalmology located?
Nebraska Academy Of Ophthalmology is headquartered in Lincoln, Nebraska and files with the IRS under EIN 470630498.
How many years of IRS 990 filings does Nebraska Academy Of Ophthalmology have?
Nebraska Academy Of Ophthalmology 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 $187K in total revenue.
Filing History
IRS 990 filing history for Nebraska Academy Of Ophthalmology showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nebraska Academy Of Ophthalmology's revenue has declined by 3.5%, moving from $158K to $152K. Total assets decreased by 70% over the same period, from $97K to $29K. Total functional expenses rose by 52%, from $153K to $233K. In its most recent filing year (2023), Nebraska Academy Of Ophthalmology reported a deficit of $81K, with expenses exceeding revenue. The organization holds $75K in liabilities against $29K in assets (debt-to-asset ratio: 258.5%), resulting in net assets of $-46,063.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $152K | $233K | $29K | $75K | — | — |
| 2022 | $124K | $104K | $52K | $17K | — | View 990 |
| 2021 | $124K | $111K | $23K | $8K | — | View 990 |
| 2020 | $139K | $116K | $2K | $0 | — | View 990 |
| 2019 | $158K | $148K | $18K | $40K | — | View 990 |
| 2018 | $155K | $145K | $27K | $59K | — | View 990 |
| 2017 | $163K | $200K | $10K | $53K | — | View 990 |
| 2016 | $144K | $149K | $59K | $0 | — | View 990 |
| 2015 | $127K | $161K | $64K | $0 | — | View 990 |
| 2014 | $145K | $178K | $83K | $0 | — | View 990 |
| 2013 | $153K | $150K | $114K | $0 | — | View 990 |
| 2012 | $150K | $135K | $112K | $0 | — | View 990 |
| 2011 | $158K | $153K | $97K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $152K, expenses of $233K, and assets of $29K (revenue +22.6% year-over-year).
- 2022: Revenue of $124K, expenses of $104K, and assets of $52K (revenue +0.0% year-over-year).
- 2021: Revenue of $124K, expenses of $111K, and assets of $23K (revenue -10.5% year-over-year).
- 2020: Revenue of $139K, expenses of $116K, and assets of $2K (revenue -12.3% year-over-year).
- 2019: Revenue of $158K, expenses of $148K, and assets of $18K (revenue +1.8% year-over-year).
- 2018: Revenue of $155K, expenses of $145K, and assets of $27K (revenue -4.8% year-over-year).
- 2017: Revenue of $163K, expenses of $200K, and assets of $10K (revenue +13.2% year-over-year).
- 2016: Revenue of $144K, expenses of $149K, and assets of $59K (revenue +13.5% year-over-year).
- 2015: Revenue of $127K, expenses of $161K, and assets of $64K (revenue -12.6% year-over-year).
- 2014: Revenue of $145K, expenses of $178K, and assets of $83K (revenue -4.6% year-over-year).
- 2013: Revenue of $153K, expenses of $150K, and assets of $114K (revenue +1.9% year-over-year).
- 2012: Revenue of $150K, expenses of $135K, and assets of $112K (revenue -5.1% year-over-year).
- 2011: Revenue of $158K, expenses of $153K, and assets of $97K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nebraska Academy Of Ophthalmology:
Data Sources and Methodology
This transparency report for Nebraska Academy Of Ophthalmology 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.