Is Stony Brook Orthopaedic Associates University Faculty Practice Corp Legit?

Stony Brook Orthopaedic Associates University Faculty Practice Corp demonstrates consistent financial activity, with revenues and expenses generally in close alignment over the past decade. In the most recent filing (202306), the organization reported revenues of $41,017,037 against expenses of $41,728,312, indicating a slight operational deficit. This trend of expenses closely matching or slightly exceeding revenue is common for organizations focused on service delivery rather than accumulating large surpluses. The organization's assets and liabilities have remained balanced, suggesting a stable financial position without significant debt accumulation. The NTEE code E20 indicates a focus on 'Hospitals & Primary Health Care,' which aligns with a faculty practice corporation. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency and financial management, suggesting that executive compensation is either not paid or is reported under different categories not captured in this summary. This practice can contribute to a perception of efficient resource allocation, as a significant portion of funds appears to be directed towards operational costs rather than high executive salaries. Overall, the organization appears to be financially stable, managing its resources to meet its operational needs. While there have been periods of slight deficits, these are not indicative of severe financial distress given the overall scale of operations and the balanced asset-to-liability ratio. The lack of reported officer compensation is a strong positive for transparency and efficiency.