New Eyes for the Needy Inc

EIN: 221539720 501(c)(3)

Short Hills, NJ

Total Revenue
$940,516
Total Expenses
$1,088,980
Total Assets
$4,629,267
Net Assets
$4,558,418
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
NJ
Principal Officer
Jean Gajano
Phone
9733764903
Tax Period
2024-04-01 to 2025-03-31

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.

Mission

New Eyes provides the transformative tool of eyeglasses to children and adults facing financial challenges in the United States.

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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 $505,897
Program Service Revenue $168,395
Investment Income $223,192
Other Revenue $43,032
TOTAL REVENUE $940,516

Expense Breakdown

Grants Paid $401,008
Salaries & Benefits $464,712
Fundraising Expenses $95,476
Program Expenses $832,800
Other Expenses $223,260
TOTAL EXPENSES $1,088,980

Year-over-Year Comparison

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%
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

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Governance

Voting Members
9
Independent Members
9
Employees
5
Volunteers
25

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
$156,444
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
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
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 $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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