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Spectrios Institute for Low Vision

aka None   |   Wheaton, IL   |  www.spectrios.org
GuideStar Charity Check

Spectrios Institute for Low Vision

EIN: 36-3083157


Mission

Spectrios Institute empowers children and adults with vision loss, regardless of income, to optimize their visual capabilities and independence through the use of prescriptive tools, technology, rehabilitative training and inspiration. We strive to educate every person with vision loss.

Ruling year info

1980

Principal Officer

Dr. R. Tracy Willliams

Main address

219 East Cole Ave

Wheaton, IL 60187 USA

Show more contact info

EIN

36-3083157

Subject area info

School-based health care

Rehabilitation

Eye diseases

Population served info

Age groups

People with vision impairments

NTEE code info

Eye Diseases, Blindness and Vision Impairments (G41)

Rehabilitative Medical Services (E50)

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Comprehensive Low Vision Visual Rehabilitation

Our Comprehensive Visual Rehabilitation Program provides an exam with a specially trained low vision doctor who prescribes optical devices and low vision aids to maximize the patient's remaining sight; counseling to cope with vision loss; occupational therapy for training in the proper use of optical devices, using contrast and daily living skills; showcases and demonstrates and provides hands-on training with state of the art access technology designed for persons with vision loss.

Population(s) Served
Adults
Children and youth

Where we work

Financials

Spectrios Institute for Low Vision
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 Spectrios Institute for Low Vision
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

11.05

Average of 5.57 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

3.5

Average of 2.5 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

15%

Average of 14% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Spectrios Institute for Low Vision

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Spectrios Institute for Low Vision

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Spectrios Institute for Low Vision

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Spectrios Institute for Low Vision’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $98,657 $230,423 $213,453 $317,467 $572,568
As % of expenses 9.5% 22.7% 21.7% 29.4% 43.6%
Unrestricted surplus (deficit) after depreciation $64,182 $185,680 $155,013 $271,162 $516,507
As % of expenses 6.0% 17.6% 14.9% 24.1% 37.8%
Revenue composition info
Total revenue (unrestricted & restricted) $1,320,190 $1,120,441 $1,037,822 $1,326,198 $2,133,280
Total revenue, % change over prior year -5.5% -15.1% -7.4% 27.8% 60.9%
Program services revenue 18.1% 31.7% 28.5% 25.1% 17.5%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 1.7% 1.7% 1.5% 1.4% 1.1%
Government grants 4.9% 0.8% 10.7% 10.0% 0.0%
All other grants and contributions 64.8% 47.7% 43.0% 48.4% 70.8%
Other revenue 10.4% 18.1% 16.2% 15.1% 10.6%
Expense composition info
Total expenses before depreciation $1,037,431 $1,013,251 $984,310 $1,078,099 $1,311,965
Total expenses, % change over prior year -19.7% -2.3% -2.9% 9.5% 21.7%
Personnel 69.1% 69.6% 70.7% 68.0% 69.9%
Professional fees 8.7% 8.7% 10.3% 10.3% 7.5%
Occupancy 3.0% 3.2% 2.7% 3.4% 3.6%
Interest 0.0% 0.0% 0.0% 0.6% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 19.2% 18.5% 16.3% 17.6% 18.9%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,071,906 $1,057,994 $1,042,750 $1,124,404 $1,368,026
One month of savings $86,453 $84,438 $82,026 $89,842 $109,330
Debt principal payment $0 $0 $0 $76,386 $73,614
Fixed asset additions $49,610 $136,887 $0 $0 $85,550
Total full costs (estimated) $1,207,969 $1,279,319 $1,124,776 $1,290,632 $1,636,520

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 2.5 2.4 4.7 6.0 3.5
Months of cash and investments 10.6 12.3 16.3 18.0 11.9
Months of estimated liquid unrestricted net assets 9.2 10.5 13.2 15.5 17.2
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $211,896 $205,398 $388,624 $539,736 $380,458
Investments $706,500 $834,607 $947,325 $1,081,358 $925,797
Receivables $223,606 $136,187 $66,372 $21,714 $779,135
Gross land, buildings, equipment (LBE) $1,564,566 $1,701,453 $1,707,885 $1,718,786 $1,804,337
Accumulated depreciation (as a % of LBE) 53.0% 51.4% 53.8% 56.1% 56.6%
Liabilities (as a % of assets) 10.4% 9.6% 12.3% 8.5% 4.1%
Unrestricted net assets $1,531,419 $1,717,099 $1,872,112 $2,143,274 $2,659,781
Temporarily restricted net assets $187,282 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $187,282 $137,282 $87,282 $87,282 $132,282
Total net assets $1,718,701 $1,854,381 $1,959,394 $2,230,556 $2,792,063

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Principal Officer

Dr. R. Tracy Willliams

R. Tracy Williams, O.D.

Number of employees

Source: IRS Form 990

Spectrios Institute for Low Vision

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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Spectrios Institute for Low Vision

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Spectrios Institute for Low Vision

Board of directors
as of 04/29/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Peter K. Whinfrey

Peter Whinfrey

R. Tracy Williams

David Dopp

Wheaton Eye Clinic

Richard E. Feinbloom

Designs for Vision

David R. Gotch

Debra L. Gregorash

Kerri Largo

Kerry P. Mulligan

Van Sampleton

Graham Shepherd

Janet Weinstein

Reader's Digest Partners For Sight

Jay Wheeler

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Not applicable
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Not applicable
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Not applicable
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable