Is New York Spine And Brain Surgery University Faculty Practice Corp Legit?

New York Spine And Brain Surgery University Faculty Practice Corp demonstrates consistent operational activity with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 202106, revenue was $22,966,408 against expenses of $21,061,646, indicating a surplus. However, the most recent filings for 202306 and 202206 show expenses slightly exceeding revenue, with $26,397,117 in expenses against $25,421,955 in revenue for 202306. The organization consistently reports 0% officer compensation, which is a notable aspect of its financial structure and transparency regarding executive pay. The NTEE code E20 suggests a focus on specialty hospitals, which aligns with its name. The consistent reporting of assets equaling liabilities across all available filings is unusual and warrants further investigation to understand the nature of its balance sheet, as it could indicate a specific accounting practice or a lack of significant unrestricted net assets. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operational scale and the fact that expenses generally track revenues suggest that funds are being utilized for its stated purpose. The lack of reported officer compensation contributes positively to its perceived efficiency in terms of executive overhead. The organization's transparency is good in terms of filing its IRS 990s consistently, but the balance sheet structure (assets = liabilities) could be a point of inquiry for a deeper understanding of its financial position. Overall, the organization appears to be a stable, operating entity within the healthcare sector. Its financial health is generally sound, though recent years show a slight operational deficit. The absence of officer compensation is a strong positive for efficiency and transparency. However, the unique asset/liability reporting structure merits closer examination to fully grasp its financial standing and long-term sustainability.