Is Stony Brook Family And Preventive Medicine Univ Faculty Practice Cor Legit?

Stony Brook Family And Preventive Medicine Univ Faculty Practice Cor demonstrates consistent financial activity, with revenues and expenses generally increasing over the past decade. In the latest period (202306), the organization reported revenues of $14,055,107 against expenses of $14,218,793, indicating a slight operational deficit. This trend of expenses closely matching or slightly exceeding revenue is visible in several recent years, such as 202206 ($13,804,311 revenue vs. $14,934,345 expenses) and 202006 ($10,810,943 revenue vs. $12,216,624 expenses). The organization's assets and liabilities have also shown fluctuations, with assets at $2,508,535 and liabilities at $2,508,535 in 202306, suggesting a balanced sheet but also indicating that assets are largely offset by liabilities. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its financial transparency and operational structure. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the close alignment of revenues and expenses suggests that the organization operates on a relatively tight margin. The consistent reporting of zero officer compensation could imply that executive functions are either volunteer-based, compensated through other means not categorized as 'officer compensation' on the 990 summary, or handled by an affiliated entity, which would require further investigation for complete transparency. The organization's consistent filing of IRS Form 990s over 13 periods indicates a commitment to regulatory compliance and basic financial transparency.