Tennessee Academy Of Ophthalmology Inc
EIN: 621135863 · Nashville, TN
| Metric | Value |
|---|---|
| Total Revenue | $153K |
| Total Expenses | $241K |
| Net Assets | $119K |
Is Tennessee Academy Of Ophthalmology Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tennessee Academy Of Ophthalmology Inc
Tennessee Academy Of Ophthalmology Inc (EIN: 621135863) is a nonprofit organization based in Nashville, TN. The organization reported total revenue of $153K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tennessee Academy Of Ophthalmology Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tennessee Academy Of Ophthalmology Inc is a small nonprofit that has been operating for 39 years, with 12 years of IRS 990 filings on record (2012–2023). 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 | $176K |
| Total Expenses | $241K |
| Surplus / Deficit | $-64,738 |
| Total Assets | $179K |
| Total Liabilities | $60K |
| Net Assets | $119K |
| Operating Margin | -36.8% |
| Debt-to-Asset Ratio | 33.6% |
| Months of Reserves | 9.0 months |
Financial Health Grade: B
In 2023, Tennessee Academy Of Ophthalmology Inc reported a deficit of $65K with expenses exceeding revenue, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 33.6% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Tennessee Academy Of Ophthalmology Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.6% | +17.3% | -21.1% |
| 2022 | +71.0% | +52.8% | +15.7% |
| 2021 | -21.1% | -10.1% | +4.6% |
| 2020 | +6.4% | -7.1% | -11.3% |
| 2019 | -10.3% | +16.9% | -15.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tennessee Academy Of Ophthalmology 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 Tennessee Academy Of Ophthalmology 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 deficit of $65K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.6%.
Frequently Asked Questions about Tennessee Academy Of Ophthalmology Inc
Is Tennessee Academy Of Ophthalmology Inc a legitimate charity?
Tennessee Academy Of Ophthalmology Inc (EIN: 621135863) is a registered tax-exempt nonprofit based in Tennessee. It has 12 years of IRS 990 filings on record. Total revenue: $153K. No red flags identified. Financial health grade: B.
How does Tennessee Academy Of Ophthalmology Inc spend its money?
Tennessee Academy Of Ophthalmology Inc reported $153K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tennessee Academy Of Ophthalmology Inc tax-deductible?
Tennessee Academy Of Ophthalmology Inc is registered as a tax-exempt nonprofit (EIN: 621135863). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tennessee Academy Of Ophthalmology Inc located?
Tennessee Academy Of Ophthalmology Inc is headquartered in Nashville, Tennessee and files with the IRS under EIN 621135863.
How many years of IRS 990 filings does Tennessee Academy Of Ophthalmology Inc have?
Tennessee Academy Of Ophthalmology Inc has 12 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 $153K in total revenue.
Filing History
IRS 990 filing history for Tennessee Academy Of Ophthalmology Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Tennessee Academy Of Ophthalmology Inc's revenue has grown by 3.4%, moving from $170K to $176K. Total assets increased by 59% over the same period, from $113K to $179K. Total functional expenses rose by 57.2%, from $153K to $241K. In its most recent filing year (2023), Tennessee Academy Of Ophthalmology Inc reported a deficit of $65K, with expenses exceeding revenue. The organization holds $60K in liabilities against $179K in assets (debt-to-asset ratio: 33.6%), resulting in net assets of $119K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $176K | $241K | $179K | $60K | — | — |
| 2022 | $194K | $205K | $227K | $43K | — | View 990 |
| 2021 | $114K | $134K | $196K | $2K | — | View 990 |
| 2020 | $144K | $149K | $188K | $14K | — | View 990 |
| 2019 | $135K | $161K | $212K | $1K | — | — |
| 2018 | $151K | $137K | $251K | $16K | — | View 990 |
| 2017 | $149K | $145K | $235K | $13K | — | — |
| 2016 | $151K | $142K | $216K | $0 | — | — |
| 2015 | $204K | $167K | $195K | $850 | — | — |
| 2014 | $299K | $246K | $156K | $0 | — | — |
| 2013 | $171K | $180K | $104K | $0 | — | — |
| 2012 | $170K | $153K | $113K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $176K, expenses of $241K, and assets of $179K (revenue -9.6% year-over-year).
- 2022: Revenue of $194K, expenses of $205K, and assets of $227K (revenue +71.0% year-over-year).
- 2021: Revenue of $114K, expenses of $134K, and assets of $196K (revenue -21.1% year-over-year).
- 2020: Revenue of $144K, expenses of $149K, and assets of $188K (revenue +6.4% year-over-year).
- 2019: Revenue of $135K, expenses of $161K, and assets of $212K (revenue -10.3% year-over-year).
- 2018: Revenue of $151K, expenses of $137K, and assets of $251K (revenue +0.9% year-over-year).
- 2017: Revenue of $149K, expenses of $145K, and assets of $235K (revenue -1.2% year-over-year).
- 2016: Revenue of $151K, expenses of $142K, and assets of $216K (revenue -25.9% year-over-year).
- 2015: Revenue of $204K, expenses of $167K, and assets of $195K (revenue -31.7% year-over-year).
- 2014: Revenue of $299K, expenses of $246K, and assets of $156K (revenue +74.6% year-over-year).
- 2013: Revenue of $171K, expenses of $180K, and assets of $104K (revenue +0.8% year-over-year).
- 2012: Revenue of $170K, expenses of $153K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tennessee Academy Of Ophthalmology Inc:
Data Sources and Methodology
This transparency report for Tennessee Academy Of Ophthalmology 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.