New Jersey Society Of Optometric Physicians
New Jersey Society Of Optometric Physicians maintains strong assets despite recent operational deficit and reports no officer compensation.
EIN: 210612458 · Hamilton, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $815K |
| Total Expenses | $943K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.0M |
| Transparency Score | 75/100 |
Is New Jersey Society Of Optometric Physicians Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey Society Of Optometric Physicians directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Jersey Society Of Optometric Physicians
New Jersey Society Of Optometric Physicians (EIN: 210612458) is a nonprofit organization based in Hamilton, NJ. The organization reported total revenue of $815K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Society Of Optometric Physicians's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Society Of Optometric Physicians is a small nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $859K |
| Total Expenses | $943K |
| Surplus / Deficit | $-84,506 |
| Total Assets | $1.2M |
| Total Liabilities | $161K |
| Net Assets | $1.0M |
| Operating Margin | -9.8% |
| Debt-to-Asset Ratio | 13.4% |
| Months of Reserves | 15.2 months |
Financial Health Grade: B
In 2023, New Jersey Society Of Optometric Physicians reported a deficit of $85K with expenses exceeding revenue, holds 15.2 months of operating reserves (strong position), has a debt-to-asset ratio of 13.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Society Of Optometric Physicians's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.9% | +10.9% | -2.8% |
| 2022 | +3.5% | -3.5% | -14.8% |
| 2021 | +33.7% | +6.5% | +12.9% |
| 2020 | -27.3% | -14.8% | -3.6% |
| 2019 | -6.0% | +0.7% | +15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
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 New Jersey Society Of Optometric Physicians 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, New Jersey Society Of Optometric Physicians allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues approaching $1 million. This suggests either a fully volunteer executive leadership or compensation structured in a way not reported in the 'Officer Comp' field.
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 New Jersey Society Of Optometric Physicians's IRS 990 filings:
- Consistent operational deficits in multiple years (e.g., 202312, 202012, 201912, 201612) indicate a potential long-term sustainability challenge if not addressed.
- Reported 0% officer compensation across all filings is highly unusual for an organization with nearly $1 million in annual revenue, raising questions about executive leadership structure and compensation practices.
Strengths
The following positive indicators were identified for New Jersey Society Of Optometric Physicians:
- Strong asset base consistently over $1 million, providing financial stability and resilience (e.g., $1,193,886 in 202312).
- Low liabilities relative to assets, indicating a healthy balance sheet (e.g., $160,510 liabilities vs. $1,193,886 assets in 202312).
- Consistent filing of IRS Form 990s (13 filings) demonstrates a commitment to transparency and public accountability.
Frequently Asked Questions about New Jersey Society Of Optometric Physicians
Is New Jersey Society Of Optometric Physicians a legitimate charity?
New Jersey Society Of Optometric Physicians (EIN: 210612458) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $815K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does New Jersey Society Of Optometric Physicians spend its money?
New Jersey Society Of Optometric Physicians directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to New Jersey Society Of Optometric Physicians tax-deductible?
New Jersey Society Of Optometric Physicians is registered as a tax-exempt nonprofit (EIN: 210612458). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Jersey Society Of Optometric Physicians CEO make?
New Jersey Society Of Optometric Physicians's highest-compensated officer earns $1 annually. The organization reported $815K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Jersey Society Of Optometric Physicians's spending goes to programs?
New Jersey Society Of Optometric Physicians directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is New Jersey Society Of Optometric Physicians located?
New Jersey Society Of Optometric Physicians is headquartered in Hamilton, New Jersey and files with the IRS under EIN 210612458.
How many years of IRS 990 filings does New Jersey Society Of Optometric Physicians have?
New Jersey Society Of Optometric Physicians 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 $815K in total revenue.
How does the New Jersey Society Of Optometric Physicians fund its operations given the reported 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. It suggests that executive leadership may be entirely volunteer-based, or that compensation is provided through other mechanisms not categorized as 'Officer Comp' on the 990, such as through a management company or as independent contractors.
What caused the operational deficit in the 202312 period?
In the 202312 period, the organization reported expenses of $943,208 against revenues of $858,702, resulting in a deficit of $84,506. Without detailed expense breakdowns, it's difficult to pinpoint the exact cause, but it indicates expenses outpaced revenue generation for that specific year.
Is the organization's asset base sufficient to cover potential future deficits?
Yes, with assets of $1,193,886 and liabilities of $160,510 in 202312, the organization has a strong net asset position. This substantial reserve provides a buffer to absorb operational deficits, as seen in 202312, without immediately jeopardizing its financial stability.
Filing History
IRS 990 filing history for New Jersey Society Of Optometric Physicians showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Society Of Optometric Physicians's revenue has declined by 13.5%, moving from $993K to $859K. Total assets increased by 13.9% over the same period, from $1.0M to $1.2M. Total functional expenses rose by 4.5%, from $903K to $943K. In its most recent filing year (2023), New Jersey Society Of Optometric Physicians reported a deficit of $85K, with expenses exceeding revenue. The organization holds $161K in liabilities against $1.2M in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $859K | $943K | $1.2M | $161K | — | — |
| 2022 | $975K | $850K | $1.2M | $184K | — | — |
| 2021 | $942K | $881K | $1.4M | $341K | — | View 990 |
| 2020 | $705K | $827K | $1.3M | $239K | — | View 990 |
| 2019 | $970K | $971K | $1.3M | $274K | — | View 990 |
| 2018 | $1.0M | $964K | $1.1M | $215K | — | View 990 |
| 2017 | $1.0M | $958K | $1.2M | $242K | — | — |
| 2016 | $925K | $945K | $1.2M | $294K | — | View 990 |
| 2015 | $923K | $916K | $1.1M | $223K | — | View 990 |
| 2014 | $971K | $960K | $1.2M | $273K | — | View 990 |
| 2013 | $960K | $920K | $1.2M | $331K | — | View 990 |
| 2012 | $979K | $976K | $1.2M | $279K | — | View 990 |
| 2011 | $993K | $903K | $1.0M | $208K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $859K, expenses of $943K, and assets of $1.2M (revenue -11.9% year-over-year).
- 2022: Revenue of $975K, expenses of $850K, and assets of $1.2M (revenue +3.5% year-over-year).
- 2021: Revenue of $942K, expenses of $881K, and assets of $1.4M (revenue +33.7% year-over-year).
- 2020: Revenue of $705K, expenses of $827K, and assets of $1.3M (revenue -27.3% year-over-year).
- 2019: Revenue of $970K, expenses of $971K, and assets of $1.3M (revenue -6.0% year-over-year).
- 2018: Revenue of $1.0M, expenses of $964K, and assets of $1.1M (revenue +2.9% year-over-year).
- 2017: Revenue of $1.0M, expenses of $958K, and assets of $1.2M (revenue +8.4% year-over-year).
- 2016: Revenue of $925K, expenses of $945K, and assets of $1.2M (revenue +0.2% year-over-year).
- 2015: Revenue of $923K, expenses of $916K, and assets of $1.1M (revenue -5.0% year-over-year).
- 2014: Revenue of $971K, expenses of $960K, and assets of $1.2M (revenue +1.2% year-over-year).
- 2013: Revenue of $960K, expenses of $920K, and assets of $1.2M (revenue -1.9% year-over-year).
- 2012: Revenue of $979K, expenses of $976K, and assets of $1.2M (revenue -1.4% year-over-year).
- 2011: Revenue of $993K, expenses of $903K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Society Of Optometric Physicians:
Data Sources and Methodology
This transparency report for New Jersey Society Of Optometric Physicians 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.