ALBANY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)The Research Foundation for The State University of New York, founded in 1951, is a large national nonprofit in the Education sector that reported $1.9B in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $1.6B left a modest 11% surplus.
MISSION OF THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK: A. TO ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF THE STATE UNIVERSITY OF NEW YORK TO PROVIDE MORE EXTENSIVE EDUCATIONAL OPPORTUNITIES FOR AND SERVICE TO ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND TO THE PEOPLE OF THE STATE OF NEW YORK, BY MAKING AND ENCOURAGING GIFTS, GRANTS, CONTRIBUTIONS AND DONATIONS OF REAL AND PERSONAL PROPERTY TO OR FOR THE BENEFIT OF THE STATE UNIVERSITY OF NEW YORK; B.TO RECEIVE, HOLD AND ADMINISTER GIFTS OR GRANTS, AND TO ACT WITHOUT PROFIT AS TRUSTEE OF EDUCATIONAL OR CHARITABLE TRUSTS, OF BENEFIT TO AND IN KEEPING WITH THE EDUCATIONAL PURPOSES AND OBJECTS OF THE STATE UNIVERSITY OF NEW YORK; AND C. TO FINANCE THE CONDUCT OF STUDIES AND RESEARCH IN ANY AND ALL FIELDS OF THE ARTS AND SCIENCES, OF BENEFIT TO AND IN KEEPING WITH THE EDUCATIONAL PURPOSES AND OBJECTS OF THE STATE UNIVERSITY OF NEW YORK.
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 | $1,858,824,863 | $1,443,536,073 | +0.3% |
| Expenses | $1,648,805,410 | $1,458,680,376 | +0.1% |
| Net Income | $210,019,453 | $-15,144,303 | -14.9% |
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 |
|---|---|---|---|---|---|---|
| COL TIMOTHY J LAWRENCE | DIRECTOR | 1.1 |
Director
|
$0 | $0 | $0 |
| DR BAHGAT G SAMMAKIA | DIRECTOR | 10.0 |
Director
|
$0 | $0 | $0 |
| DR BENJAMIN Z HOULTON | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| DR SATISH K TRIPATHI | DIRECTOR | 2.0 |
Director
|
$75,000 | $5,250 | $80,250 |
| MR ADAM BARSKY | DIRECTOR AS OF MAY 2025 | 2.0 |
Director
|
$0 | $0 | $0 |
| MR DANIEL C TOMSON | DIRECTOR | 7.0 |
Director
|
$0 | $0 | $0 |
| MR EDWARD M SPIRO | DIRECTOR | 5.0 |
Director
|
$0 | $0 | $0 |
| MR ERIC L COCHRAN | DIRECTOR | 2.5 |
Director
|
$0 | $0 | $0 |
| MR MICHAEL CADIGAN | DIRECTOR AS OF MAY 2025 | 2.0 |
Director
|
$0 | $0 | $0 |
| MR ROBERT MEGNA | DIRECTOR | 7.5 |
Director
|
$0 | $0 | $0 |
| MR ROBERT P BALACHANDRAN | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| MR ROBERT S AZEKE | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| MS ANDREA GOLDSMITH | DIRECTOR AS OF MAY 2025 | 14.0 |
Director
|
$0 | $0 | $0 |
| MS DIANE MINAS | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| MS EILEEN WHELLEY | DIRECTOR | 5.0 |
Director
|
$0 | $0 | $0 |
| MS HEATHER MULLIGAN | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| MS HILLARY D HANSEN | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| DR MELUR RAMASUBRAMANIAN | PRESIDENT | 18.8 |
Officer
|
$309,950 | $17,479 | $327,429 |
| MR BENJAMIN FRIEDMAN | CHIEF OPERATING OFFICER AS OF OCTOBER 2024 | 37.5 |
Officer
|
$83,426 | $385 | $83,811 |
| MR CHRISTOPHER ASHLEY | GENERAL COUNSEL AND SECRETARY | 37.5 |
Officer
|
$312,609 | $63,580 | $376,189 |
| MR RYAN P FARRELL | CHIEF FINANCIAL OFFICER | 37.5 |
Officer
|
$254,849 | $44,786 | $299,635 |
| MS KATHLEEN CAGGIANO-SIINO | INTERIM CHIEF OPERATING OFFICER THROUGH OCTOBER 2024 | 37.5 |
Officer
|
$272,195 | $62,229 | $334,424 |
| MR JOSHUA B TOAS | CHIEF COMPLIANCE OFFICER | 37.5 |
Key Emp
|
$230,960 | $76,319 | $307,279 |
| MS KERRY GILCHRIST | VP INTERNAL AUDIT | 37.5 |
Key Emp
|
$169,116 | $37,719 | $206,835 |
| MR DAVID ANDERSON | PRESIDENT, NY CREATES | 37.5 |
Highest
|
$423,795 | $55,223 | $479,018 |
| MR DAVID MARCUS | CIO, STONY BROOK FOUNDATION | 37.5 |
Highest
|
$591,833 | $64,948 | $656,781 |
| MS EILEEN M PEZZI | VP FOR DEVELOPMENT, UPSTATE MEDICAL UNIVERSITY | 37.5 |
Highest
|
$413,650 | $87,700 | $501,350 |
| MS LORRAINE L MANZELLA | ADMN DIR, UPSTATE UNIV MED ASSOCIATION | 37.5 |
Highest
|
$322,330 | $58,356 | $380,686 |
| MS PATRICIA ARCIERO-CRAIG | CHIEF ADMINISTRATIVE OFFICER | 37.5 |
Highest
|
$456,367 | $23,327 | $479,694 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,858,824,863 | $1,648,805,410 | $1,937,921,505 | $210,019,453 |
| 2024 | $1,443,536,073 | $1,458,680,376 | $1,631,066,568 | $-15,144,303 |
| 2023 | $1,395,404,960 | $1,357,481,624 | $1,528,226,855 | $37,923,336 |
| 2022 | $1,368,256,149 | $1,228,180,039 | $1,436,768,379 | $140,076,110 |
| 2021 | $1,300,675,243 | $1,248,418,276 | $1,444,601,684 | $52,256,967 |
| 2020 | $1,572,885,709 | $1,150,879,117 | $1,346,216,783 | $422,006,592 |
| 2019 | $1,198,692,527 | $1,147,578,922 | $1,188,734,604 | $51,113,605 |
| 2018 | $1,193,614,653 | $1,135,056,970 | $983,898,146 | $58,557,683 |
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