NYCPM OF TOURO UNIVERSITY FOUNDATION (EIN 131632522) - 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

1911

Legal Domicile

Principal Officer

AVI COHEN

Phone

2124108100

Tax Period

2024-07-01 to 2025-06-30

NYCPM OF TOURO UNIVERSITY FOUNDATION, founded in 1911, is a mid-sized nonprofit in the Education sector that reported $10.5M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $12.9M exceeded revenue, resulting in a 23% operating deficit.

Mission

NYCPM FOUNDATION OF TOURO UNIVERSITY FOUNDATION SUPPORTS ADVANCEMENT OF PODIATRIC MEDICINE EDUCATION.

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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 $287,204

Program Service Revenue $8,526,733

Investment Income $678,054

Other Revenue $1,004,005

TOTAL REVENUE $10,495,996

Expense Breakdown

Grants Paid $871,774

Salaries & Benefits $5,568,923

Fundraising Expenses $0

Program Expenses $9,192,681

Other Expenses $6,479,663

TOTAL EXPENSES $12,920,360

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,495,996	$19,653,228	-0.5%
Expenses	$12,920,360	$22,432,404	-0.4%
Net Income	$-2,424,364	$-2,779,176	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

162

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

$858,363

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH A GREATHOUSE	CHAIRMAN	0.30	Officer Director	$0	$0	$0
WILLIAM G RAISCH	SECRETARY THRU 3/25	0.30	Officer Director	$0	$0	$0
JORDAN HELLER	TREASURER	0.30	Officer Director	$0	$0	$0
ANDREW A ALBERTI ESQ	BOARD MEMBER	0.30	Director	$0	$0	$0
HOWARD BARUCH MD	BOARD MEMBER THRU 12/2024	0.30	Director	$0	$0	$0
SUSHEEL BATHLA DPM	BOARD MEMBER	0.30	Director	$0	$0	$0
JAY BIENENFELD DPM	BOARD MEMBER	0.30	Director	$0	$0	$0
MARC BRENNER DPM	BOARD MEMBER	0.30	Director	$0	$0	$0
KATHLEEN REILLY FALLON DPM	BOARD MEMBER	0.30	Director	$0	$0	$0
WILLIAM H GRAHAM	BOARD MEMBER	0.30	Director	$0	$0	$0
NEWMAN HOFFMAN	BOARD MEMBER	0.30	Director	$0	$0	$0
JOEL STURM CHIEF	OPERATING OFFICER THRU 12/2024	40.00	Officer	$250,100	$54,788	$304,888
AMAN SAFAEI CHIEF	INFORMATION OFFICER THRU 12/2024	40.00	Officer	$224,972	$38,255	$263,227
MICHAEL TREPAL VP ACADEMIC	AFFAIRS & DEAN THRU 12/2024	40.00	Officer	$235,011	$55,237	$290,248
AVI COHEN	SR. DIRECTOR OF FINANCE	10.00	Officer	$0	$0	$0
ALAN KADISH MD	CHIEF TRANSITION OFFICER	1.00	Officer	$0	$0	$0
SAMUEL ADEGBOYEGA	DPM THRU 12/2024	40.00	Highest	$173,183	$52,260	$225,443
ANTHONY JABRA	DPM THRU 12/2024	40.00	Highest	$173,794	$31,699	$205,493
KEVIN JULES DIRECTOR OF	SURGERY DEPT. THRU 12/2024	40.00	Highest	$171,874	$45,514	$217,388
SAMANTHA LANDAU	DPM THRU 12/2024	40.00	Highest	$162,165	$7,262	$169,427
MATRONA GIAKOUMIS	DPM THRU 12/2024	40.00	Highest	$178,282	$15,601	$193,883

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	$10,495,996	$12,920,360	$7,825,414	$-2,424,364
2024	No data	No data	No data	No data
2023	$17,062,753	$23,276,614	$48,979,306	$-6,213,861
2022	$19,795,401	$22,725,030	$47,692,629	$-2,929,629
2021	$20,085,509	$21,676,577	$55,714,669	$-1,591,068
2020	$18,835,190	$18,123,597	$54,234,688	$711,593
2020	$19,328,323	$18,414,002	$51,450,093	$914,321
2019	$17,781,500	$16,591,409	$53,352,214	$1,190,091
2018	$18,574,677	$15,672,468	$53,642,518	$2,902,209

NYCPM OF TOURO UNIVERSITY FOUNDATION