BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE NEW ENGLAND COLLEGE OF OPTOMETRY, founded in 1894, is a mid-sized nonprofit that reported $31.9M in total revenue in fiscal year 2024. The organization ran a surplus of $5.6M, a strong 17% operating margin.
THE MISSION OF NEW ENGLAND COLLEGE OF OPTOMETRY IS TO CHANGE THE WAY PEOPLE SEE THE WORLD.WE DO SO BY:- INTEGRATING INNOVATIVE EDUCATION WITH EARLY AND DIVERSE CLINICAL EXPERIENCES TO PREPARE TODAY'S OPTOMETRISTS FOR TOMORROW'S OPTOMETRY.- ADVANCING THE FRONTIERS OF OPTOMETRIC KNOWLEDGE THROUGH EVIDENCE-BASED RESEARCH AND THEN APPLYING THIS KNOWLEDGE TO IMPROVE PATIENTS' LIVES WORLDWIDE.- CULTIVATING COMPASSIONATE CARE OF THE HIGHEST LEVEL OF PROFICIENCY, INTEGRITY, AND PROFESSIONALISM; INFLUENCING PUBLIC POLICY; EXPANDING ACCESS TO COMPREHENSIVE AND SPECIALTY OPTOMETRIC SERVICES; AND EMPHASIZING A SENSITIVITY TO THE HEALTH AND SOCIAL WELFARE OF DIVERSE COMMUNITIES.
OPTOMETRIC EDUCATION (DIDACTIC INSTRUCTION AND CLINICAL TRAINING) - THE NEW ENGLAND COLLEGE OF OPTOMETRY IS AN INDEPENDENT GRADUATE SCHOOL THAT EDUCATES STUDENTS TO BECOME OUTSTANDING DOCTORS OF...
OPTOMETRIC EDUCATION (DIDACTIC INSTRUCTION AND CLINICAL TRAINING) - THE NEW ENGLAND COLLEGE OF OPTOMETRY IS AN INDEPENDENT GRADUATE SCHOOL THAT EDUCATES STUDENTS TO BECOME OUTSTANDING DOCTORS OF OPTOMETRY WHO EXEMPLIFY PROFESSIONALISM AND COMPASSION IN THE COMMUNITIES IN WHICH THEY SERVE. THE CURRICULUM OPTIMIZES THE SYNERGISTIC RELATIONSHIP BETWEEN THE DIDACTIC AND CLINICAL EXPERIENCE, UTILIZING BOTH TRADITIONAL AND INNOVATIVE PEDAGOGICAL PRACTICES TO ENSURE A LEARNING EXPERIENCE THAT IS STUDENT-CENTERED AND ENGAGING, AND REFLECTIVE OF THE EVOLVING LANDSCAPE OF EYE CARE, HEALTHCARE, AND HEALTHCARE POLICY. 538 STUDENTS WERE ENROLLED DURING THE YEAR ENDED 06/30/2025.
RESEARCH - THE COLLEGE ADVANCES THE FRONTIERS OF OPTOMETRIC KNOWLEDGE AND TRANSLATES THAT KNOWLEDGE TO IMPROVE PATIENTS' LIVES WORLDWIDE BY REDUCING VISION LOSS AND TRANSFORMING THE DELIVERY OF EYE...
RESEARCH - THE COLLEGE ADVANCES THE FRONTIERS OF OPTOMETRIC KNOWLEDGE AND TRANSLATES THAT KNOWLEDGE TO IMPROVE PATIENTS' LIVES WORLDWIDE BY REDUCING VISION LOSS AND TRANSFORMING THE DELIVERY OF EYE CARE. NECO MAINTAINS AN INTERNATIONAL REPUTATION IN CLINICALLY RELEVANT AREAS OF RESEARCH INCLUDING MYOPIA, PEDIATRIC, LOW VISION REHABILITATION, AND VISION SCIENCE. FACULTY ACTIVELY ENGAGE IN RESEARCH SUPPORTED BY THE NIH, OTHER FEDERAL AGENCIES, FOUNDATIONS, AND INDUSTRY PARTNERS, WHILE MENTORING GRADUATE AND PROFESSIONAL STUDENTS WHO PARTICIPATE IN THESE PROJECTS. IN FY2025 THE COLLEGE RECEIVED REVENUE FROM 21 GRANTS AND CONTRACTS, 9 OF WHICH WERE SPONSORED BY U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES.
INTERNATIONAL PROGRAMS - THE NEW ENGLAND COLLEGE OF OPTOMETRY IS COMMITTED TO THE DEVELOPMENT OF PARTNERSHIPS AND EDUCATIONAL PROGRAMS THAT ADVANCE THE QUALITY OF VISION AND EYE CARE GLOBALLY THROUGH...
INTERNATIONAL PROGRAMS - THE NEW ENGLAND COLLEGE OF OPTOMETRY IS COMMITTED TO THE DEVELOPMENT OF PARTNERSHIPS AND EDUCATIONAL PROGRAMS THAT ADVANCE THE QUALITY OF VISION AND EYE CARE GLOBALLY THROUGH PARTNERSHIPS AND SPONSORSHIPS WITH COLLEGES AND UNIVERSITIES IN EUROPE, ASIA AND THE MIDDLE EAST. NECO FACULTY HAVE PLAYED A KEY ROLE IN EXTENDING OPTOMETRIC EDUCATION TO OTHER COUNTRIES, INCLUDING CHINA, ISRAEL, AND SPAIN IN FY2025.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $31,939,924 | $30,831,292 | +0.0% |
| Expenses | $26,376,482 | $25,919,987 | +0.0% |
| Net Income | $5,563,442 | $4,911,305 | +0.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HOWARD PURCELL | PRESIDENT | 40.00 |
Officer
Director
|
$651,662 | $63,060 | $714,722 |
| ATHANASIOS PANORGIAS | TRUSTEE/PROFESSOR | 40.00 |
Director
|
$177,697 | $29,465 | $207,162 |
| RICHARD HELLER | BOARD CHAIR | 3.00 |
Director
|
$0 | $0 | $0 |
| DOROTHY L HITCHMOTH | BOARD VICE CHAIR | 3.00 |
Director
|
$0 | $0 | $0 |
| MYRON ALLUKIAN JR | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| LINDA BENNETT | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| KAREN ENG | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| ALAN GLAZIER | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| KRISTEN GRIEBEL | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| ANNE KAVANAGH | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN MARCUS | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| ROBERT MEENAN | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| MELVIN MING | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| ANDREW MORGENSTERN | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| RACHEL NEGRIS | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| SUSAN PRIMO | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| VALARIE RICCIARDI | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| JOHN STEFANINI | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| TRACI LOGAN | TREASURER/EVP/COO | 40.00 |
Officer
|
$517,308 | $43,143 | $560,451 |
| MOLLIE S FORMAN | SECRETARY/MANAGER | 40.00 |
Officer
|
$77,484 | $22,286 | $99,770 |
| ADDY R REITER | ASST SECRETARY/OFFICE MANAGER | 40.00 |
Officer
|
$54,672 | $26,341 | $81,013 |
| ERIK M WEISSBERG | VP/DEAN | 40.00 |
Key Emp
|
$307,902 | $23,960 | $331,862 |
| GARY Y CHU | VP/PROFESSIONAL AFFAIRS | 40.00 |
Key Emp
|
$204,786 | $20,478 | $225,264 |
| SHAWNE K GILLIES | DIR FACILITIES/CAMPUS PLNG | 40.00 |
Key Emp
|
$157,819 | $28,371 | $186,190 |
| STACY A LYONS | PROFESSOR | 40.00 |
Highest
|
$177,543 | $38,759 | $216,302 |
| PETER MADDOCKS | EXEC DIR FIN OPERATIONS | 40.00 |
Highest
|
$182,902 | $29,676 | $212,578 |
| STEVEN B KOEVARY | PROFESSOR | 40.00 |
Highest
|
$185,018 | $26,618 | $211,636 |
| AURORA DENIAL | PROFESSOR | 40.00 |
Highest
|
$161,504 | $37,542 | $199,046 |
| BINA J PATEL | PROFESSOR | 40.00 |
Highest
|
$162,224 | $25,701 | $187,925 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $31,939,924 | $26,376,482 | $96,585,845 | $5,563,442 |
| 2024 | $30,831,292 | $25,919,987 | $88,102,234 | $4,911,305 |
| 2023 | $29,864,825 | $25,334,160 | $79,714,056 | $4,530,665 |
| 2022 | $30,860,673 | $24,416,885 | $74,214,520 | $6,443,788 |
| 2021 | $30,404,655 | $22,417,478 | $76,301,492 | $7,987,177 |
| 2020 | $27,018,548 | $21,444,654 | $64,092,870 | $5,573,894 |
| 2019 | $25,809,053 | $21,041,739 | $60,815,283 | $4,767,314 |
| 2018 | $24,197,617 | $17,165,140 | $55,648,555 | $7,032,477 |
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