UNIVERSITY AT BUFFALO NEUROSURGERY INC (EIN 030445678) - 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

2002

Legal Domicile

Principal Officer

DR ELAD I LEVY

Phone

7162181030

Tax Period

2024-01-01 to 2024-12-31

UNIVERSITY AT BUFFALO NEUROSURGERY INC, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $51.7M in total revenue in fiscal year 2024.

Mission

UNIVERSITY AT BUFFALO NEUROSURGERY, INC. IS AN ACADEMIC NEUROSURGICAL GROUP COMMITTED TO EXCELLENCE IN PATIENT CARE, RESEARCH, AND EDUCATION. OUR MISSION IS TO DEVELOP AND IMPLEMENT SOUND STRATEGIES THAT FOCUS ON QUALITY MEDICAL SERVICES, STRONG ACADEMIC PERFORMANCE AND INNOVATIVE RESEARCH BY FOSTERING RELATIONSHIPS WITH THE JACOBS SCHOOL OF MEDICINE AT THE STATE UNIVERSITY OF NEW YORK AT BUFFALO.

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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 $165,547

Program Service Revenue $49,945,379

Investment Income $256,667

Other Revenue $1,314,433

TOTAL REVENUE $51,682,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,762,734

Fundraising Expenses $0

Program Expenses $46,901,529

Other Expenses $11,723,398

TOTAL EXPENSES $50,486,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,682,026	$48,319,830	+0.1%
Expenses	$50,486,132	$43,931,312	+0.1%
Net Income	$1,195,894	$4,388,518	-0.7%

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

321

Volunteers

150

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

$5,646,430

Total Directors

$20,194,830

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELAD LEVY MD	PRESIDENT	60.00	Officer Director	$2,484,859	$31,050	$2,515,909
DOUGLAS MORELAND MD	VICE PRESIDENT	60.00	Officer Director	$317,314	$33,460	$350,774
MICHAEL STOFFMAN MD	TREASURER	60.00	Officer Director	$1,510,911	$42,980	$1,553,891
JOHN POLLINA JR MD	SECRETARY	60.00	Officer Director	$546,513	$31,050	$577,563
JEFFREY MULLIN MD	DIRECTOR	60.00	Director	$839,690	$31,050	$870,740
GREGORY CASTIGILIA MD	DIRECTOR	60.00	Director	$710,008	$41,758	$751,766
JASON DAVIES MD	DIRECTOR	60.00	Director	$1,786,986	$31,050	$1,818,036
JOHN FAHRBACH IV MD	DIRECTOR	60.00	Director	$599,099	$42,949	$642,048
KEVIN GIBBONS MD	DIRECTOR	60.00	Director	$487,252	$31,050	$518,302
VEETAI LI MD	DIRECTOR	60.00	Director	$520,632	$31,050	$551,682
JOSHUA MEYERS MD	DIRECTOR	60.00	Director	$725,686	$42,829	$768,515
RICHARD SPIRO MD	DIRECTOR	60.00	Director	$800,000	$31,050	$831,050
RENEE REYNOLDS MD	DIRECTOR	60.00	Director	$599,049	$31,050	$630,099
JONATHAN RILEY MD	DIRECTOR	60.00	Director	$581,971	$31,050	$613,021
ADNAN SIDDIQUI MD	DIRECTOR	60.00	Director	$2,010,206	$31,050	$2,041,256
JAFAR SIDDIQUI MD	DIRECTOR	60.00	Director	$1,054,505	$43,022	$1,097,527
KENNETH SNYDER MD	DIRECTOR	60.00	Director	$998,064	$31,050	$1,029,114
IRFAN ELAHI DO	DIRECTOR	60.00	Director	$835,316	$42,949	$878,265
HARPREET DHIMAN DO	DIRECTOR	60.00	Director	$265,781	$0	$265,781
ASSAF BERGER MD	DIRECTOR	60.00	Director	$374,636	$0	$374,636
HANNA ALGATTAS MD	DIRECTOR	60.00	Director	$656,617	$0	$656,617
ROSALIND LAI MD	DIRECTOR	60.00	Director	$377,500	$22,725	$400,225
SUNIL KUKREJA MD	DIRECTOR	60.00	Director	$456,366	$1,647	$458,013
MICHAEL COURNYEA	CEO	40.00	Officer	$319,521	$38,446	$357,967
HOPE KIANKA	CFO	40.00	Officer	$134,823	$11,237	$146,060
KIMBERLY CRANGLE	COO	40.00	Officer	$133,506	$10,760	$144,266
KRISTIN ROGERS	PHYSICIAN ASSISTANT	40.00	Highest	$151,311	$25,683	$176,994
MICHELE FISHER	PHYSICIAN ASSISTANT	40.00	Highest	$168,329	$13,426	$181,755
JULIA GAJEWSKI	NURSE PRACTITIONER	40.00	Highest	$142,557	$17,225	$159,782
KEVIN CUDDAHEE	NURSE PRACTITIONER	40.00	Highest	$164,085	$18,795	$182,880
AMY FARMER	PHYSICIAN ASSISTANT	40.00	Highest	$142,667	$24,501	$167,168

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
2024	$51,682,026	$50,486,132	$29,983,929	$1,195,894
2023	$48,319,830	$43,931,312	$29,416,328	$4,388,518
2022	$41,852,346	$42,659,369	$25,987,110	$-807,023
2021	$42,255,592	$38,557,783	$12,581,322	$3,697,809
2020	$35,844,256	$35,494,239	$11,635,920	$350,017
2019	$35,470,869	$34,988,910	$8,519,004	$481,959
2018	$33,679,986	$33,862,072	$8,161,601	$-182,086

UNIVERSITY AT BUFFALO NEUROSURGERY INC