NEW ENGLAND EYE INSTITUTE INC

EIN: 043575676 501(c)(3) Human Services

BOSTON, MA

Total Revenue
$8,345,363
Total Expenses
$8,352,677
Total Assets
$1,853,840
Net Assets
$853,106
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MA
Principal Officer
HOWARD PURCELL OD
Phone
6175875598
Tax Period
2024-07-01 to 2025-06-30

NEW ENGLAND EYE INSTITUTE INC, founded in 2001, is a community nonprofit in the Human Services sector that reported $8.3M in total revenue in fiscal year 2024.

Mission

SEE PART III, LINE 1 FOR MISSION STATEMENT

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,138
Program Service Revenue $7,870,659
Investment Income $6,688
Other Revenue $451,878
TOTAL REVENUE $8,345,363

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,028,715
Fundraising Expenses $0
Program Expenses $6,789,644
Other Expenses $2,323,962
TOTAL EXPENSES $8,352,677

Year-over-Year Comparison

2024 2023 Change
Revenue $8,345,363 $8,045,364 +0.0%
Expenses $8,352,677 $8,053,817 +0.0%
Net Income $-7,314 $-8,453 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
16
Employees
149
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$1,455,956
Total Directors
18
$921,884
Key Employees
2
$449,437
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD PURCELL PRESIDENT 0.00
Officer Director
$0 $63,060 $714,722
ATHANASIOS PANORGIAS TRUSTEE/PROFESSOR 3.00
Director
$0 $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 0.00
Officer
$0 $43,143 $560,451
MOLLIE S FORMAN SECRETARY/MANAGER 0.00
Officer
$0 $22,286 $99,770
ADDY R REITER ASST SECRETARY/OFFICE MANAGER 0.00
Officer
$0 $26,341 $81,013
TIMOTHY BOSSIE SR DIR OWNED CLINICS AND OUTREACH 40.00
Key Emp
$197,370 $53,640 $251,010
AMY R MOY SR DIR CHC INITIATIVES AND COMPLIANCE 40.00
Key Emp
$162,579 $35,848 $198,427
PHYLLIS ANDREJKO ASST PROFESSOR CLINICAL OPTOMETRY 40.00
Highest
$165,707 $25,998 $191,705
CRYSTAL LEWANDOWSKI ASSOC PROFESSOR CLINICAL OPTOMETRY 40.00
Highest
$138,114 $48,609 $186,723
THOMAS ANDREA ASST PROFESSOR CLINICAL OPTOMETRY 40.00
Highest
$143,453 $37,670 $181,123
LEXI MALKIN ASSOC PROFESSOR 40.00
Highest
$130,226 $53,178 $183,404
DANIEL BASTIAN ASSOC PROFESSOR CLINICAL OPTOMETRY 40.00
Highest
$161,135 $19,299 $180,434
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $8,345,363 $8,352,677 $1,853,840 $-7,314
2024 $8,045,364 $8,053,817 $2,491,035 $-8,453
2023 $7,793,207 $7,798,243 $2,853,142 $-5,036
2022 $8,013,598 $7,992,518 $2,207,489 $21,080
2021 $7,660,316 $7,673,510 $2,430,136 $-13,194
2020 $7,537,793 $7,536,083 $2,635,447 $1,710
2019 $7,829,550 $7,821,094 $2,975,806 $8,456
2018 $4,374,644 $7,297,556 $4,554,923 $-2,922,912
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