University Ophthalmology Services Inc
University Ophthalmology Services Inc. shows stable revenue and zero officer compensation, but liabilities have significantly increased.
EIN: 161492711 · Buffalo, NY · NTEE: E31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.7M |
| Total Expenses | $10.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is University Ophthalmology Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
University Ophthalmology Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About University Ophthalmology Services Inc
University Ophthalmology Services Inc (EIN: 161492711) is a nonprofit organization based in Buffalo, NY, classified under NTEE code E31. The organization reported total revenue of $11.7M and total assets of $13.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University Ophthalmology Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
University Ophthalmology Services Inc is a large nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.9M |
| Total Expenses | $10.4M |
| Surplus / Deficit | +$517K |
| Total Assets | $14.2M |
| Total Liabilities | $11.9M |
| Net Assets | $2.3M |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 84.0% |
| Months of Reserves | 16.5 months |
Financial Health Grade: A
In 2023, University Ophthalmology Services Inc reported a surplus of $517K with revenue exceeding expenses, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 84.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), University Ophthalmology Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.9% | +12.1% | -4.3% |
| 2022 | -12.9% | -1.8% | +153.1% |
| 2021 | +33.6% | +19.4% | +4.4% |
| 2020 | -22.0% | -14.5% | +15.9% |
| 2019 | +0.1% | -1.5% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 University Ophthalmology Services Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, University Ophthalmology Services Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $517K, with revenue exceeding expenses.
- Debt-to-asset ratio: 84.0%.
Executive Compensation Analysis
University Ophthalmology Services Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly commendable for a nonprofit of its size with over $10 million in annual revenue.
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 University Ophthalmology Services Inc's IRS 990 filings:
- Significant increase in liabilities from $3.1M in 2021 to $11.9M in 2023, warranting further investigation.
- Occasional deficit spending, such as in 2022 where expenses exceeded revenue by $866,280.
Strengths
The following positive indicators were identified for University Ophthalmology Services Inc:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship and transparency.
- Generally stable revenue generation, with 2023 revenue at $10,874,280.
- Positive net income in 2023 ($516,608), demonstrating operational efficiency.
- Clear alignment between organization name and NTEE code (Ophthalmology services).
Frequently Asked Questions about University Ophthalmology Services Inc
Is University Ophthalmology Services Inc a legitimate charity?
University Ophthalmology Services Inc (EIN: 161492711) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $11.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does University Ophthalmology Services Inc spend its money?
University Ophthalmology Services Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to University Ophthalmology Services Inc tax-deductible?
University Ophthalmology Services Inc is registered as a tax-exempt nonprofit (EIN: 161492711). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the University Ophthalmology Services Inc CEO make?
University Ophthalmology Services Inc's highest-compensated officer earns $10 annually. The organization reported $11.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of University Ophthalmology Services Inc's spending goes to programs?
University Ophthalmology Services Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does University Ophthalmology Services Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), University Ophthalmology Services Inc is above average for NTEE category E31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is University Ophthalmology Services Inc located?
University Ophthalmology Services Inc is headquartered in Buffalo, New York and files with the IRS under EIN 161492711. It is classified under NTEE code E31.
How many years of IRS 990 filings does University Ophthalmology Services Inc have?
University Ophthalmology Services 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 $11.7M in total revenue.
What caused the significant increase in liabilities from $3,149,498 in 2021 to $11,923,142 in 2023?
The IRS 990 data alone does not specify the exact nature of these liabilities. Further investigation into the organization's financial statements would be needed to understand if this is due to new debt, deferred revenue, or other obligations.
How does the organization manage to operate with 0% officer compensation?
This suggests that leadership roles may be filled by volunteers, or compensation for key personnel is categorized differently within the IRS 990, or the organization has a unique operational model that minimizes executive salary expenses.
Is the organization financially sustainable given the fluctuating revenue and occasional deficit spending?
While there have been periods of deficit spending (e.g., 2022), the organization has shown a capacity to generate surpluses (e.g., $516,608 in 2023), indicating a generally stable financial trajectory. The long-term sustainability will depend on managing the increased liabilities and maintaining consistent revenue streams.
Filing History
IRS 990 filing history for University Ophthalmology Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), University Ophthalmology Services Inc's revenue has grown by 135.7%, moving from $4.6M to $10.9M. Total assets increased by 219.7% over the same period, from $4.4M to $14.2M. Total functional expenses rose by 97.9%, from $5.2M to $10.4M. In its most recent filing year (2023), University Ophthalmology Services Inc reported a surplus of $517K, with revenue exceeding expenses. The organization holds $11.9M in liabilities against $14.2M in assets (debt-to-asset ratio: 84.0%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.9M | $10.4M | $14.2M | $11.9M | — | — |
| 2022 | $8.4M | $9.2M | $14.8M | $13.1M | — | View 990 |
| 2021 | $9.6M | $9.4M | $5.9M | $3.1M | — | View 990 |
| 2020 | $7.2M | $7.9M | $5.6M | $3.3M | — | — |
| 2019 | $9.2M | $9.2M | $4.8M | $1.9M | — | View 990 |
| 2018 | $9.2M | $9.4M | $4.9M | $2.1M | — | View 990 |
| 2017 | $8.3M | $8.4M | $5.6M | $2.7M | — | View 990 |
| 2016 | $8.1M | $8.2M | $5.6M | $2.6M | — | View 990 |
| 2015 | $9.0M | $8.8M | $6.5M | $3.4M | — | View 990 |
| 2014 | $8.6M | $9.1M | $7.4M | $4.3M | — | View 990 |
| 2013 | $8.1M | $8.5M | $8.1M | $4.5M | — | View 990 |
| 2012 | $4.6M | $5.6M | $7.8M | $3.8M | — | View 990 |
| 2011 | $4.6M | $5.2M | $4.4M | $842K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.9M, expenses of $10.4M, and assets of $14.2M (revenue +29.9% year-over-year).
- 2022: Revenue of $8.4M, expenses of $9.2M, and assets of $14.8M (revenue -12.9% year-over-year).
- 2021: Revenue of $9.6M, expenses of $9.4M, and assets of $5.9M (revenue +33.6% year-over-year).
- 2020: Revenue of $7.2M, expenses of $7.9M, and assets of $5.6M (revenue -22.0% year-over-year).
- 2019: Revenue of $9.2M, expenses of $9.2M, and assets of $4.8M (revenue +0.1% year-over-year).
- 2018: Revenue of $9.2M, expenses of $9.4M, and assets of $4.9M (revenue +11.7% year-over-year).
- 2017: Revenue of $8.3M, expenses of $8.4M, and assets of $5.6M (revenue +2.2% year-over-year).
- 2016: Revenue of $8.1M, expenses of $8.2M, and assets of $5.6M (revenue -10.3% year-over-year).
- 2015: Revenue of $9.0M, expenses of $8.8M, and assets of $6.5M (revenue +4.7% year-over-year).
- 2014: Revenue of $8.6M, expenses of $9.1M, and assets of $7.4M (revenue +5.8% year-over-year).
- 2013: Revenue of $8.1M, expenses of $8.5M, and assets of $8.1M (revenue +78.4% year-over-year).
- 2012: Revenue of $4.6M, expenses of $5.6M, and assets of $7.8M (revenue -1.3% year-over-year).
- 2011: Revenue of $4.6M, expenses of $5.2M, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for University Ophthalmology Services Inc:
Data Sources and Methodology
This transparency report for University Ophthalmology Services 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.