SUNY COLLEGE OF OPTOMETRY FOUNDATION (EIN 131819472) - 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

1959

Legal Domicile

Principal Officer

DAWN RIGNEY

Phone

2129385600

Tax Period

2024-07-01 to 2025-06-30

SUNY COLLEGE OF OPTOMETRY FOUNDATION, founded in 1959, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $15.0M represent 108 months of operating reserves.

Mission

TO SECURE CRITICAL RESOURCES SUPPORTING SUNY COLLEGE OF OPTOMETRY IN BEING A LEADER IN VISION HEALTH THROUGH EDUCATION, ADVANCING RESEARCH, AND PROVIDING OPTIMAL EYE CARE TO PATIENTS.

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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 $1,066,171

Program Service Revenue $112,760

Investment Income $486,866

Other Revenue $0

TOTAL REVENUE $1,665,797

Expense Breakdown

Grants Paid $701,390

Salaries & Benefits $0

Fundraising Expenses $104,290

Program Expenses $1,140,769

Other Expenses $999,309

TOTAL EXPENSES $1,700,699

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,665,797	$1,401,504	+0.2%
Expenses	$1,700,699	$1,524,950	+0.1%
Net Income	$-34,902	$-123,446	-0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD SODEN OD	PRESIDENT	8.00	Officer Director	$0	$0	$0
THOMAS FARRELL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DENNIS P GEHR	TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD FEINBLOOM	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MARGE AXELRAD	TRUSTEE	1.00	Director	$0	$0	$0
MARY BOTELHO OD	TRUSTEE	1.00	Director	$0	$0	$0
JASON ECKERT	TRUSTEE	1.00	Director	$0	$0	$0
MARK FEDER OD	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN GIOIA MD	TRUSTEE	1.00	Director	$0	$0	$0
RONALD MILLMAN OD	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM MORAN	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER QUINN OD	TRUSTEE	1.00	Director	$0	$0	$0
DAVID TROILO	TRUSTEE	1.00	Director	$0	$0	$0
ARAVELLA SIMOTAS	TRUSTEE	1.00	Director	$0	$0	$0
JERRY WARNER	TRUSTEE	1.00	Director	$0	$0	$0
HAROLD WILSHINSKY	TRUSTEE	1.00	Director	$0	$0	$0
DAWN RIGNEY	SECRETARY/EXECUTIVE DIRECTOR	15.00	Officer	$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
2025	$1,665,797	$1,700,699	$15,158,165	$-34,902
2024	$1,401,504	$1,524,950	$14,206,242	$-123,446
2023	$3,202,564	$1,752,263	$13,464,317	$1,450,301
2022	$1,956,195	$1,488,200	$11,061,409	$467,995
2021	$1,623,689	$1,172,242	$13,493,652	$451,447
2020	$2,310,165	$1,981,908	$11,015,475	$328,257
2019	$1,839,574	$2,301,873	$10,799,401	$-462,299
2018	$1,772,842	$1,548,392	$11,139,250	$224,450

SUNY COLLEGE OF OPTOMETRY FOUNDATION