THE SEEING EYE INC (EIN 221539721) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1929

Legal Domicile

Principal Officer

JAMES HANDS

Phone

9735394425

Tax Period

2024-10-01 to 2025-09-30

THE SEEING EYE INC, founded in 1929, is a mid-sized nonprofit in the Human Services sector that reported $51.3M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.5M, a strong 32% operating margin.

Mission

HELP BLIND PEOPLE ACHIEVE GREATER INDEPENDENCE THROUGH SEEING EYE DOGS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,050,037

Program Service Revenue $176,041

Investment Income $24,818,491

Other Revenue $304,980

TOTAL REVENUE $51,349,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,530,313

Fundraising Expenses $4,772,836

Program Expenses $27,852,994

Other Expenses $14,211,866

TOTAL EXPENSES $34,802,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,349,549	$38,925,387	+0.3%
Expenses	$34,802,179	$32,038,700	+0.1%
Net Income	$16,547,370	$6,886,687	+1.4%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

241

Volunteers

700

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

$1,110,738

Total Directors

$475,452

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET E HOWARD D LITT	PRESIDENT & CEO (THRU 12/24)	50.00	Officer Director	$354,328	$47,922	$402,250
KAREN LEIES	PRESIDENT & CEO (EFF 11/24)	50.00	Officer Director	$62,598	$10,604	$73,202
HUGH A DANDRADE ESQ	TRUSTEE EMERITUS	0.00	Director	$0	$0	$0
THOMAS DUFFY	TRUSTEE EMERITUS	0.00	Director	$0	$0	$0
VIVEK SAWHNEY	BOARD OF TRUSTEES	0.40	Director	$0	$0	$0
KARON C BALES CS TEP	BOARD OF TRUSTEES (THRU 12/24)	0.20	Director	$0	$0	$0
THE HONORABLE THOMAS H KEAN	BOARD OF TRUSTEES (THRU 12/24)	0.10	Director	$0	$0	$0
MICHAEL B MCKITISH	BOARD OF TRUSTEES (THRU 12/24)	0.20	Director	$0	$0	$0
ARI BENACERRAF	BOARD OF TRUSTEES	0.80	Director	$0	$0	$0
CYNTHIA R BRYANT LLM	CHAIR (THRU 12/24)	0.20	Director	$0	$0	$0
OHSANG KWON	TREASURER	1.00	Officer Director	$0	$0	$0
CATHERINE A KIERNAN ESQ	VICE CHAIRMAN	0.60	Officer Director	$0	$0	$0
RICHARD V BOULGER	BOARD OF TRUSTEES	0.60	Director	$0	$0	$0
IRA H FUCHS	SECRETARY	0.60	Officer Director	$0	$0	$0
SUSAN GNALL	BOARD OF TRUSTEES	0.80	Director	$0	$0	$0
DAVID HERTZ	VICE CHAIRMAN	0.80	Officer Director	$0	$0	$0
KAREN KENINGER	VICE CHAIR	0.60	Officer Director	$0	$0	$0
MICHAEL MITTELMAN OD MPHMBA	CHAIR	1.20	Officer Director	$0	$0	$0
SUSAN POMERANTZ PHD	BOARD OF TRUSTEES	0.50	Director	$0	$0	$0
MICHAEL RANGER	TRUSTEE EMERITUS	0.00	Director	$0	$0	$0
MICHAEL J AMORUSOESQ	BOARD OF TRUSTEES	0.50	Director	$0	$0	$0
REBECCA GREEN DVMDAVVIM	BOARD OF TRUSTEES	0.50	Director	$0	$0	$0
MARGARET GROW	BOARD OF TRUSTEES	0.50	Director	$0	$0	$0
THOMAS MACKENZIE	BOARD OF TRUSTEES	0.60	Director	$0	$0	$0
GORDON MELVILLE MD FACR	BOARD OF TRUSTEES	0.60	Director	$0	$0	$0
CHARLES VITE VMD PHD	BOARD OF TRUSTEES	0.50	Director	$0	$0	$0
CLIFF AARON	BOARD OF TRUSTEES	0.50	Director	$0	$0	$0
SUSAN SEPE	BOARD OF TRUSTEES	0.50	Director	$0	$0	$0
PAT MCKENNA	BOARD OF TRUSTEES	0.50	Director	$0	$0	$0
DEB HUGHES	BOARD OF TRUSTEES	0.50	Director	$0	$0	$0
MATT FRANKEL	BOARD OF TRUSTEES (EFF 12/24)	0.60	Director	$0	$0	$0
BRAD HART	BOARD OF TRUSTEES (EFF 12/24)	0.40	Director	$0	$0	$0
MICHELLE MC QUIGGE	BOARD OF TRUSTEES (EFF 12/24)	0.30	Director	$0	$0	$0
JAMES HANDS	ASST. TREAS & CFOO	50.00	Officer	$210,913	$76,216	$287,129
DAVID JOHNSON	DIR OF ADVOCACY & GOVT. RELATIONS	50.00	Officer	$157,957	$74,464	$232,421
DENISE ZANGOGLIA	ASST. SEC/EXEC ASST	40.00	Officer	$83,533	$32,203	$115,736
GLENN CIANCI	DIRECTOR, FACILITIES	50.00	Highest	$156,786	$71,170	$227,956
MARGARET GIBBON	DIRECTOR, CANINE DEVELOPMENT	50.00	Highest	$150,637	$75,425	$226,062
C KYLE QUIGLEY	DIR OF VETERINARY MED & GENETICS	50.00	Highest	$166,173	$62,261	$228,434
JOSEPH SHIARAPPA	DIRECTOR OF HUMAN RESOURCE	50.00	Highest	$148,931	$61,156	$210,087
JAMES KESSLER	DIR. INSTRUC & TRAINING	50.00	Highest	$137,459	$65,511	$202,970

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	$51,349,549	$34,802,179	$491,026,829	$16,547,370
2024	$38,925,387	$32,038,700	$470,702,231	$6,886,687
2023	$31,816,699	$30,584,938	$407,430,153	$1,231,761
2022	$33,620,552	$28,891,289	$385,225,116	$4,729,263
2021	$45,760,267	$27,931,338	$422,421,242	$17,828,929
2020	$21,930,089	$27,199,840	$359,989,533	$-5,269,751
2019	$28,260,184	$27,121,697	$359,542,214	$1,138,487
2018	$35,709,871	$26,866,375	$359,820,135	$8,843,496

THE SEEING EYE INC