Short Hills, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)New Eyes for the Needy Inc, founded in 1934, is a small nonprofit that reported $941K in total revenue in fiscal year 2024. Revenue surged 117% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 16% operating deficit.
New Eyes provides the transformative tool of eyeglasses to children and adults facing financial challenges in the United States.
New Eyes provides the transformative tool of new eyeglasses to children and adults facing financial need in the United States so that they can build better lives for themselves, their families and...
New Eyes provides the transformative tool of new eyeglasses to children and adults facing financial need in the United States so that they can build better lives for themselves, their families and their communities. In FY2024-25, New Eyes purchased new eyeglasses for 16,527 individuals in financial need in all 50 states, The District of Columbia and Puerto Rico. New Eyes also provided 7,000 new frames, donated by other eyewear manufacturers, for distribution at optical clinics overseas.
The Organization continues to sell eyeglasses to the public online under Azimuth Eyewear, started in FY2022-23, at market value, directing net proceeds to help fund the e-voucher program.
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 | $940,516 | $432,711 | +1.2% |
| Expenses | $1,088,980 | $1,314,285 | -0.2% |
| Net Income | $-148,464 | $-881,574 | -0.8% |
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 |
|---|---|---|---|---|---|---|
| Jean Gajano | Executive Director | 40.00 |
Officer
|
$153,372 | $3,072 | $156,444 |
| Melissa Malone | Chief Operating Officer | 40.00 |
Highest
|
$140,246 | $2,785 | $143,031 |
| Janet Campen | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Alex Cooke | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Amiel Jaggernauth | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Katrina Van Amsterdam | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| John Dalton | Trustee Emeritus | 1.00 |
Director
|
$0 | $0 | $0 |
| Kristine Van Amsterdam | President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Pay Hayes | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kevin Smith | Treasurer | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Prem Sharma | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2026 | No data | No data | No data | No data |
| 2025 | $940,516 | $1,088,980 | $4,629,267 | $-148,464 |
| 2024 | $432,711 | $1,314,285 | $4,796,421 | $-881,574 |
| 2023 | $2,096,820 | $1,305,885 | $5,128,111 | $790,935 |
| 2022 | $1,190,169 | $875,962 | $5,074,628 | $314,207 |
| 2021 | $793,661 | $579,860 | $4,967,516 | $213,801 |
| 2020 | $833,483 | $802,783 | $3,751,627 | $30,700 |
| 2019 | $686,453 | $614,297 | $4,093,102 | $72,156 |
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