FACULTY STUDENT ASSOCIATION OF THE STATE COLLEGE OF OPTOMETRY INC (EIN 237248577) - 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

1972

Legal Domicile

Principal Officer

VITO CAVALLARO

Phone

2129385666

Tax Period

2024-07-01 to 2025-06-30

FACULTY STUDENT ASSOCIATION OF THE STATE COLLEGE OF OPTOMETRY INC, founded in 1972, is a small nonprofit in the Medical Research sector that reported $177K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

PROMOTE AND CULTIVATE EDUCATIONAL AND SOCIAL RELATIONS AMONG THE STUDENTS AND FACULTY OF THE STATE COLLEGE OF OPTOMETRY. THE ORGANIZATION SERVES AS THE FISCAL AGENT FOR THE COLLEGE'S STUDENT GOVERNMENT.

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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 $50,750

Program Service Revenue $115,071

Investment Income $62

Other Revenue $11,490

TOTAL REVENUE $177,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $173,781

Other Expenses $187,337

TOTAL EXPENSES $187,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,373	$190,482	-0.1%
Expenses	$187,337	$181,772	+0.0%
Net Income	$-9,964	$8,710	-2.1%

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

N/A

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

$1,601,287

Total Directors

$3,462,585

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VITO CAVALLARO	PRESIDENT	1.00	Officer Director	$0	$96,105	$246,387
REBECCA MARINOFF	VICE PRESIDENT	1.00	Officer Director	$0	$86,581	$221,969
DAVID BOWERS	TREASURER	1.00	Officer Director	$0	$206,219	$528,688
DAWN RIGNEY	BOARD MEMBER	1.00	Director	$0	$160,683	$411,946
JOAN PORTELLO	BOARD MEMBER	1.00	Director	$0	$109,812	$281,528
MATTHEW BOVENZI	BOARD MEMBER	1.00	Director	$0	$112,336	$287,998
JENNIFER HUE	BOARD MEMBER	1.00	Director	$0	$96,320	$246,937
MILLAN KHADKA	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY STEINWAY	BOARD MEMBER	1.00	Director	$0	$85,074	$218,107
DANIELLE IACONO	BOARD MEMBER	1.00	Director	$0	$84,673	$217,078
KAMILA MILOS	BOARD MEMBER	1.00	Director	$0	$77,116	$197,704
NICHOLAS PREMNAUTH	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM DOAN NGUYEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CRISTIAN COLON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL LYNCH	BOARD MEMBER	1.00	Director	$0	$0	$0
PRACHI PATI	BOARD MEMBER	1.00	Director	$0	$0	$0
PAGE HAZEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CRYSTAL LIU	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID TROILO	CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$235,690	$604,243

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	$177,373	$187,337	$227,660	$-9,964
2024	$190,482	$181,772	$246,911	$8,710
2023	$157,287	$195,855	$229,064	$-38,568
2022	$130,582	$102,338	$276,891	$28,244
2021	$97,388	$84,603	$239,038	$12,785
2020	$132,614	$102,084	$237,216	$30,530
2019	$173,369	$163,374	$195,623	$9,995

FACULTY STUDENT ASSOCIATION OF THE STATE COLLEGE OF OPTOMETRY INC