AI Transparency Report
Stony Brook Surgical Associates University Faculty Practice Corp demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2023, the organization reported revenues of $69,046,836 against expenses of $68,607,824, indicating a near break-even operation. The organization's assets have fluctuated, reaching a high of $8,580,535 in 2015 and currently standing at $7,779,369 in 2023, with liabilities consistently matching assets, suggesting a balanced financial position. The NTEE code E20 indicates a focus on surgical specialties, aligning with its name as a faculty practice corporation.
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 near break-even financial performance suggests that most revenue is expended on operations. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating that executive compensation is handled through other mechanisms or that the organization operates with a different compensation model for its leadership.
Transparency regarding executive compensation is high given the explicit 0% reported, though further detail on how leadership is compensated, if at all, would enhance understanding. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and public disclosure. The organization's financial stability, as evidenced by its revenue and expense trends, suggests a well-managed entity within its operational scope.