NEW YORK INSTITUTE OF TECHNOLOGY (EIN 111788788) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

Principal Officer

JERRY BALENTINE

Phone

5166867915

Tax Period

2024-07-01 to 2025-06-30

NEW YORK INSTITUTE OF TECHNOLOGY, founded in 1955, is a major nonprofit in the Education sector that reported $382.0M in total revenue in fiscal year 2024. Expenses of $369.7M left a modest 3% surplus.

Mission

WE ARE COMMITTED TO EDUCATING THE NEXT GENERATION OF LEADERS AND INSPIRING INNOVATION.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,008,972

Program Service Revenue $354,084,547

Investment Income $8,496,099

Other Revenue $10,406,210

TOTAL REVENUE $381,995,828

Expense Breakdown

Grants Paid $86,063,839

Salaries & Benefits $171,027,562

Fundraising Expenses $2,588,902

Program Expenses $350,269,586

Other Expenses $112,542,184

TOTAL EXPENSES $369,691,908

Year-over-Year Comparison

	2024	2023	Change
Revenue	$381,995,828	$381,498,402	+0.0%
Expenses	$369,691,908	$366,369,094	+0.0%
Net Income	$12,303,920	$15,129,308	-0.2%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

2754

Volunteers

N/A

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

$2,938,950

Total Directors

$1,586,183

Key Employees

$2,717,142

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR HENRY FOLEY	PRESIDENT (THRU 06/30/2025)	60.00	Officer Director	$1,534,600	$51,583	$1,586,183
PETER J ROMANO	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
DAN FERRARA	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MICHAEL J MERLO	VICE CHAIR	5.00	Officer Director	$0	$0	$0
CATHERINE ALLEN	TRUSTEE	5.00	Director	$0	$0	$0
ANDREW BERNER	TRUSTEE	5.00	Director	$0	$0	$0
HUMAYUN CHAUDHRY	TRUSTEE (AS OF 03/2025)	5.00	Director	$0	$0	$0
DOMENICK CHIECO	TRUSTEE	5.00	Director	$0	$0	$0
PETER FERENTINOS	TRUSTEE	5.00	Director	$0	$0	$0
ANGELA IANNACCI	TRUSTEE (AS OF 03/2025)	5.00	Director	$0	$0	$0
HENRY IERVOLINO	TRUSTEE	5.00	Director	$0	$0	$0
SANTHOSH KESHAVAN	TRUSTEE	5.00	Director	$0	$0	$0
JOHN KEVILLE	TRUSTEE	5.00	Director	$0	$0	$0
THOMAS VAN LAAN	TRUSTEE	5.00	Director	$0	$0	$0
TED MOUDIS	TRUSTEE	5.00	Director	$0	$0	$0
PATRICK O'SHAUGHNESSY	TRUSTEE	5.00	Director	$0	$0	$0
MONTE N REDMAN	TRUSTEE	5.00	Director	$0	$0	$0
DEBORAH VERDERAME	TRUSTEE (AS OF 03/2025)	5.00	Director	$0	$0	$0
DEBORAH VOGEL	TRUSTEE	5.00	Director	$0	$0	$0
ELI WACHTEL	TRUSTEE (THRU 08/2024)	5.00	Director	$0	$0	$0
ROBERT A WILD ESQ	TRUSTEE	5.00	Director	$0	$0	$0
CATHERINE FLICKINGER	VP HR, GEN. COUNSEL & SECRETARY	40.00	Officer	$492,893	$61,933	$554,826
BARBARA J HOLAHAN	VP FIN. AFFAIRS, CFO/TREASURER	40.00	Officer	$448,834	$61,248	$510,082
EILEEN VALERIO	CONTROLLER & ASSISTANT TREASURER	40.00	Officer	$237,230	$50,629	$287,859
JERRY BALENTINE	PROVOST & EXECUTIVE VICE PRESIDENT	40.00	Key Emp	$771,043	$78,447	$849,490
NICOLE WADSWORTH	DEAN, COLLEGE OF OSTEOPATHIC MED.	40.00	Key Emp	$486,336	$68,097	$554,433
JOSEPH POSILLICO	VP FOR ENROLL MGMT/STRATEGIC COMM.	40.00	Key Emp	$424,186	$63,617	$487,803
BABAK DASTGHEIB-BEHESHTI	DEAN ENGINEERING SCHOOL	40.00	Key Emp	$391,290	$58,805	$450,095
DONALD BOOTH	VP, CAPITAL PLANNING & FACILIITES	40.00	Key Emp	$313,679	$61,642	$375,321
SHANE SPEIGHTS	SITE DEAN, COLLEGE OF OSTEOPATHIC MED.	40.00	Highest	$444,202	$75,719	$519,921
PATRICK MINSON	VP DEV. & ALUM. RELATIONS & EXT AFF.	40.00	Highest	$382,415	$25,350	$407,765
PENNIE TURGEON	VP OF IT & CIO	40.00	Highest	$438,247	$26,231	$464,478
ANTHONY GERDES	PROFESSOR	40.00	Highest	$367,184	$62,753	$429,937
MARIA RITA PERBELLINI	DEAN, SCHOOL OF ARCHITECTURE/DESIGN	40.00	Highest	$349,151	$27,590	$376,741

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	$381,995,828	$369,691,908	$588,419,128	$12,303,920
2024	$381,498,402	$366,369,094	$586,710,960	$15,129,308
2023	$352,214,770	$342,435,250	$440,803,344	$9,779,520
2022	$372,691,826	$326,387,751	$422,758,629	$46,304,075
2021	$325,278,153	$322,128,862	$405,132,037	$3,149,291
2019	$334,117,617	$331,899,154	$318,333,196	$2,218,463
2018	$327,180,390	$313,791,522	$331,766,897	$13,388,868

NEW YORK INSTITUTE OF TECHNOLOGY