OLD WESTBURY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
NEW YORK INSTITUTE OF TECHNOLOGY (NYIT) OFFERS VARIOUS DEGREE PROGRAMS, INCLUDING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREES, IN MORE THAN 50 FIELDS OF STUDY, INCLUDING ARCHITECTURE AND DESIGN; ARTS AND SCIENCES; (CONTINUED ON SCHEDULE O)
THE NEW YORK INSTITUTE OF TECHNOLOGY'S PRIMARY PROGRAM SERVICE IS THE PROVISION OF UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION DESIGNED TO PREPARE STUDENTS FOR SUCCESSFUL CAREERS AND...
THE NEW YORK INSTITUTE OF TECHNOLOGY'S PRIMARY PROGRAM SERVICE IS THE PROVISION OF UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION DESIGNED TO PREPARE STUDENTS FOR SUCCESSFUL CAREERS AND MEANINGFUL CIVIC ENGAGEMENT. NYIT DELIVERS ACADEMIC INSTRUCTION THROUGH A BROAD RANGE OF DEGREE AND CERTIFICATE PROGRAMS IN FIELDS INCLUDING HEALTH SCIENCES, ENGINEERING, ARCHITECTURE AND DESIGN, COMPUTER SCIENCE, BUSINESS, EDUCATION, AND THE LIBERAL ARTS. THROUGH CLASSROOM INSTRUCTION, LABORATORY WORK, CLINICAL TRAINING, EXPERIENTIAL LEARNING, AND APPLIED RESEARCH OPPORTUNITIES, NYIT EMPHASIZES TECHNOLOGY-ENABLED EDUCATION, INNOVATION, AND REAL-WORLD PROBLEM SOLVING. THE INSTITUTION SERVES A DIVERSE STUDENT POPULATION ACROSS ITS CAMPUSES AND ONLINE PLATFORMS, PROVIDING ACCESS TO CAREER-ORIENTED EDUCATION ALIGNED WITH WORKFORCE AND SOCIETAL NEEDS. NYIT SUPPORTS STUDENT SUCCESS THROUGH ACADEMIC ADVISING, TUTORING, INTERNSHIPS, CLINICAL PLACEMENTS, AND OTHER STUDENT SUPPORT SERVICES THAT ENHANCE LEARNING OUTCOMES, RETENTION, AND DEGREE COMPLETION. FACULTY SCHOLARSHIP, RESEARCH, AND PROFESSIONAL PRACTICE FURTHER STRENGTHEN INSTRUCTIONAL QUALITY AND CONTRIBUTE TO ADVANCES IN KNOWLEDGE AND PRACTICE. DURING THE YEAR, NYIT CONFERRED DEGREES AND CREDENTIALS TO GRADUATES WHO ARE PREPARED TO CONTRIBUTE TO THEIR PROFESSIONS, COMMUNITIES, AND THE GLOBAL ECONOMY IN FURTHERANCE OF THE INSTITUTE'S EDUCATIONAL MISSION. NYIT PROVIDES UNDERGRADUATE, GRADUATE, AND DOCTORAL INSTRUCTION TO A DIVERSE STUDENT POPULATION. APPROXIMATELY 7,852 STUDENTS ATTENDED THE INSTITUTION LAST YEAR AND 2,494 GRADUATED. THE INSTITUTE OFFERS THE FOLLOWING SCHOOLS AND COLLEGES: COLLEGE OF ARTS AND SCIENCES COLLEGE OF OSTEOPATHIC MEDICINE SCHOOL OF ARCHITECTURE AND DESIGN COLLEGE OF ENGINEERING AND COMPUTING SCIENCES SCHOOL OF HEALTH PROFESSIONS SCHOOL OF MANAGEMENT SOME HIGHLIGHTS FROM THE INSTITUTE'S MOST RECENT SCHOOL YEAR: -99% OF OUR FIRST TIME, FULL TIME STUDENTS RECEIVE SOME FORM OF FINANCIAL AID -$32,000+ AVERAGE FINANCIAL AID AWARD FOR FIRST-TIME, FULL-TIME DEGREE-SEEKING STUDENTS AT OUR NEW YORK CAMPUSES -12:1 STUDENT-TO-FACULTY RATIO -LEADING INSTITUTION RECOGNIZED FOR THEIR EXCEPTIONAL DIVERSITY -116,000 ALUMNI -81% OF OUR INTERNS RECEIVED OFFERS OF CONTINUED EMPLOYMENT -TOP 2% OF U.S. COLLEGES FOR RETURN ON INVESTMENT FOR LOW-INCOME STUDENTS -30% OF UNDERGRADUATE STUDENTS ARE FIRST-GENERATION -15% OF STUDENTS AT OUR U.S. CAMPUSES ARE INTERNATIONAL STUDENTS -67% OF STUDENTS AT OUR U.S. CAMPUSES ARE FROM NEW YORK STATE. -TOP 10% RETURN IN INVESTMENT OVER 20, 30 AND 40 YEARS. PROGRAMMATIC REVENUES REPRESENT TUITION AND FEES, ROOM AND BOARD, ANCILLARY EDUCATIONAL SERVICES, AND OTHER EDUCATIONAL PROGRAMS (REPORTED ON LINE 11(D) OF PART VIII OF THE 990).
SCHOLARSHIPS AND FELLOWSHIPS 85,801,967.
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 | $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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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