NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT VISION CARE SERVICES TO UNDERSERVED MEN, WOMEN AND CHILDREN AS WELL AS FUNDING FOR RESEARCH.
STUDENT SUPPORT - THE FOUNDATION PROVIDES SCHOLARSHIPS AND AWARDS TO STUDENTS WHO HAVE ACADEMIC MERIT AND FINANCIAL NEED HELPING TO ATTRACT HIGH-ACHIEVING STUDENTS TO A MUCH-NEEDED HEALTHCARE...
STUDENT SUPPORT - THE FOUNDATION PROVIDES SCHOLARSHIPS AND AWARDS TO STUDENTS WHO HAVE ACADEMIC MERIT AND FINANCIAL NEED HELPING TO ATTRACT HIGH-ACHIEVING STUDENTS TO A MUCH-NEEDED HEALTHCARE PROFESSION. ADDITIONAL STUDENT SUPPORT COMES IN THE FORM OF PROGRAM SUPPORT FOR VARIOUS ACTIVITIES LED BY STUDENTS AND THE STUDENT AFFAIRS OFFICE AT SUNY COLLEGE OF OPTOMETRY.
RESEARCH & CAMPUS SUPPORT THROUGH A DONOR-DIRECTED ENDOWMENT, THE FOUNDATION SUPPORTS VISION RESEARCH PRIMARILY CONDUCTED AT THE COLLEGE INCLUDING EXPOSURE TO RELEVANT RESEARCH SCIENTISTS AND...
RESEARCH & CAMPUS SUPPORT THROUGH A DONOR-DIRECTED ENDOWMENT, THE FOUNDATION SUPPORTS VISION RESEARCH PRIMARILY CONDUCTED AT THE COLLEGE INCLUDING EXPOSURE TO RELEVANT RESEARCH SCIENTISTS AND PROJECTS, START-UP OR SEED FUNDING FOR SMALL RESEARCH PROJECTS, AND HELPS ENSURE SHARED EQUIPMENT AND OTHER RESOURCES NEEDED FOR A ROBUST RESEARCH ENTERPRISE. THE REMAINING FUNDS PROVIDE GENERALIZED SUPPORT TO THE CAMPUS-COMMUNITY RANGING FROM PROFESSIONAL DEVELOPMENT PROGRAMS TO KEY ACTIVITIES THAT CREATE THE LEARNING AND TEACHING ENVIRONMENT NEEDED FOR A TOP-TIER OPTOMETRY SCHOOL.
CLINICAL SUPPORT WE PROVIDE THE RESOURCES NEEDED IN THE UNIVERSITY EYE CENTER TO PROVIDE FREE AND LOW-COST EYE CARE TO THOSE IN NEED AS WELL AS EQUIPMENT, PROFESSIONAL DEVELOPMENT, AND TRAINING...
CLINICAL SUPPORT WE PROVIDE THE RESOURCES NEEDED IN THE UNIVERSITY EYE CENTER TO PROVIDE FREE AND LOW-COST EYE CARE TO THOSE IN NEED AS WELL AS EQUIPMENT, PROFESSIONAL DEVELOPMENT, AND TRAINING SERVICES TO ENSURE TOP QUALITY CARE. ON AVERAGE 1,400 TO 1,600 VISITS REQUIRE CHARITABLE ASSISTANCE TO ACCESS AND RECEIVE THE CARE THEY NEED.
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 | $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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare SUNY COLLEGE OF OPTOMETRY FOUNDATION with other nonprofits in New York and across the country.