The Eye-Bank for Sight Restoration Inc DBA The Eye-Bank of New York (EIN 131623998) - 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

1944

Legal Domicile

Principal Officer

Dennis R Tarzian

Phone

2127429000

Tax Period

2023-01-01 to 2023-12-31

The Eye-Bank for Sight Restoration Inc DBA The Eye-Bank of New York, founded in 1944, is a mid-sized nonprofit that reported $11.7M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $1.9M, a strong 16% operating margin.

Mission

The Eye-Bank's mission is to restore sight through eye donations and cornea transplants.

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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 (2023)

Revenue Breakdown

Contributions & Grants $612,722

Program Service Revenue $5,637,404

Investment Income $5,404,617

Other Revenue $10,615

TOTAL REVENUE $11,665,358

Expense Breakdown

Grants Paid $20,842

Salaries & Benefits $5,452,446

Fundraising Expenses $789,627

Program Expenses $7,748,842

Other Expenses $4,340,173

TOTAL EXPENSES $9,813,461

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,665,358	$13,470,866	-0.1%
Expenses	$9,813,461	$10,089,383	0.0%
Net Income	$1,851,897	$3,381,483	-0.5%

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

Volunteers

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

$358,545

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patricia Dahl	CEO/Exec. Dir.	40.00	Officer	$311,000	$47,545	$358,545
Edwin Roberts	Associate Director	40.00		$177,796	$56,326	$234,122
Karen Bardavid	Dir of Development	40.00		$165,448	$55,066	$220,514
Hortense Kendall	Laboratory Manager	40.00		$144,194	$51,121	$195,315
Noel Mick Moschetta	Dir Communications	40.00		$159,115	$31,964	$191,079
Dana Arifi	Dir Fin & Admin	40.00		$140,850	$30,024	$170,874
Courtney DiTullio	Director	1.00	Director	$0	$0	$0
Manish Krishnan	Director	1.00	Director	$0	$0	$0
Rachel A Heisler	Secretary	2.00	Officer Director	$0	$0	$0
Umber Ahmad	Treasurer	2.00	Officer Director	$0	$0	$0
Joan Larson	Director	1.00	Director	$0	$0	$0
Jeanne McCooey	Director	1.00	Director	$0	$0	$0
Giovanni F DiCenso	Director	1.00	Director	$0	$0	$0
Leo J Corbett	President	2.00	Officer Director	$0	$0	$0
Audrey MacIsaac	Director	1.00	Director	$0	$0	$0
Paul Kayaian	Director	1.00	Director	$0	$0	$0
Dennis R Tarzian	Vice President	2.00	Officer Director	$0	$0	$0
Richard A Mittenthal	Director	1.00	Director	$0	$0	$0
Joseph J D'Ambrosio	Director	1.00	Director	$0	$0	$0
Andrea Nordquist	Director	1.00	Director	$0	$0	$0
David R Adler	Director	1.00	Director	$0	$0	$0
Michele A Masucci	Director	1.00	Director	$0	$0	$0
Rocio Sanz	Director	1.00	Director	$0	$0	$0
Michael Zambrelli	Director	1.00	Director	$0	$0	$0
Joseph J Shaheen	Director	1.00	Director	$0	$0	$0
Sruthi Madhavan	Director	1.00	Director	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$11,665,358	$9,813,461	$81,420,040	$1,851,897
2022	$13,470,866	$10,089,383	$70,258,852	$3,381,483
2021	$10,301,397	$9,443,018	$85,574,058	$858,379
2020	$10,193,422	$9,872,049	$77,921,413	$321,373

The Eye-Bank for Sight Restoration Inc DBA The Eye-Bank of New York