NORTHEASTERN ASSOCIATION OF THE BLIND AT ALBANY INC

EIN: 141338302 501(c)(3)

ALBANY, NY

Total Revenue
$10,818,201
Total Expenses
$6,620,661
Total Assets
$5,808,106
Net Assets
$5,124,200
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1913
Legal Domicile
NY
Principal Officer
GLENN THOMPSON MD
Phone
5184631211
Tax Period
2024-01-01 to 2024-12-31

NORTHEASTERN ASSOCIATION OF THE BLIND AT ALBANY INC, founded in 1913, is a mid-sized nonprofit that reported $10.8M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.2M, a strong 39% operating margin.

Mission

TO ASSIST INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED ACHIEVE INDEPENDENCE AND GROWTH.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,258,337
Program Service Revenue $6,535,048
Investment Income $34,054
Other Revenue $-9,238
TOTAL REVENUE $10,818,201

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,499,280
Fundraising Expenses $164,020
Program Expenses $5,674,159
Other Expenses $4,121,381
TOTAL EXPENSES $6,620,661

Year-over-Year Comparison

2024 2023 Change
Revenue $10,818,201 $7,637,918 +0.4%
Expenses $6,620,661 $6,982,687 -0.1%
Net Income $4,197,540 $655,231 +5.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
85
Volunteers
51

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
5
$176,507
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN A SMITH JR PRESIDENT 1.00
Officer Director
$0 $0 $0
GLENN THOMPSON MD VICE CHAIR 0.50
Officer Director
$0 $0 $0
BRIAN P HENCHY TREASURER 0.50
Officer Director
$0 $0 $0
KENYA JAMES SECRETARY 0.50
Officer Director
$0 $0 $0
CARL V BENEVENTO DIRECTOR 0.50
Director
$0 $0 $0
JACK CASTLE DIRECTOR 0.50
Director
$0 $0 $0
SHAWN LEMIEUX DIRECTOR 0.50
Director
$0 $0 $0
AREN PASTER DIRECTOR 0.50
Director
$0 $0 $0
JONATHAN SCHERZER DIRECTOR 0.50
Director
$0 $0 $0
JITKA ZOBAL-RATNER MD DIRECTOR 0.50
Director
$0 $0 $0
LAURA E ZELIGER EXECUTIVE DIRECTOR 35.00
Officer
$172,190 $4,317 $176,507
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 $10,818,201 $6,620,661 $5,808,106 $4,197,540
2023 $7,637,918 $6,982,687 $6,560,519 $655,231
2022 $5,720,575 $6,013,242 $5,990,474 $-292,667
2021 $6,313,158 $5,839,134 $6,246,704 $474,024
2020 $5,518,196 $5,507,968 $6,103,881 $10,228
2019 $6,288,253 $6,784,225 $6,041,104 $-495,972
2019 $6,300,634 $6,784,225 $6,041,104 $-483,591
2018 $6,680,043 $7,262,579 $6,613,242 $-582,536
2018 $6,680,043 $7,262,579 $6,613,242 $-582,536
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