NEW YORK STATE OPTOMETRIC ASSOCIATION INC (EIN 222186081) - 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

1895

Legal Domicile

Principal Officer

THOMAS COTE

Phone

5184497300

Tax Period

2024-01-01 to 2024-12-31

NEW YORK STATE OPTOMETRIC ASSOCIATION INC, founded in 1895, is a small nonprofit that reported $728K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $132K, a strong 18% operating margin.

Mission

TO PROMOTE AND FURTHER THE PROFESSION OF OPTOMETRY.

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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 $0

Program Service Revenue $680,534

Investment Income $37,309

Other Revenue $10,340

TOTAL REVENUE $728,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $457,691

Other Expenses $596,574

TOTAL EXPENSES $596,574

Year-over-Year Comparison

	2024	2023	Change
Revenue	$728,183	$1,379,781	-0.5%
Expenses	$596,574	$603,176	0.0%
Net Income	$131,609	$776,605	-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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK PARSONS OD	PRESIDENT	5.00	Officer Director	$0	$0	$0
SAYSHA BLAZIER OD	PRESIDENT ELECT	5.00	Officer Director	$0	$0	$0
CHRIS SHIOMOS OD	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GINA CARDONE OD	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELA MARX OD	TREASURER	1.00	Officer Director	$0	$0	$0
MARINA SU OD	PAST PRESIDENT	1.00	Director	$0	$0	$0
JASON COMPTON OD	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN WOLYNSKI OD	TRUSTEE	1.00	Director	$0	$0	$0
SANDIPKUMAR PATEL OD	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BYWATER OD	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN POWELL OD	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD MALARA OD	TRUSTEE	1.00	Director	$0	$0	$0
VADIM GUY OD	TRUSTEE	1.00	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
2024	$728,183	$596,574	$1,767,108	$131,609
2023	$1,379,781	$603,176	$1,465,515	$776,605
2022	$589,103	$521,580	$733,855	$67,523
2021	$601,257	$465,743	$742,377	$135,514
2020	$499,509	$430,074	$531,079	$69,435
2019	$485,222	$562,045	$436,960	$-76,823
2018	$536,237	$575,916	$368,840	$-39,679

NEW YORK STATE OPTOMETRIC ASSOCIATION INC