FACULTY STUDENT ASSOCIATION OF DOWNSTATE MEDICAL CENTER INC (EIN 111704590) - 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

1950

Legal Domicile

Principal Officer

JEFFREY PUTMAN

Phone

7182703148

Tax Period

2024-06-01 to 2025-05-31

FACULTY STUDENT ASSOCIATION OF DOWNSTATE MEDICAL CENTER INC, founded in 1950, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024.

Mission

THE FACULTY STUDENT ASSOCIATION OF DOWNSTATE MEDICAL CENTER, INC. ("THE ASSOCIATION") IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO ESTABLISH, OPERATE, MANAGE, PROMOTE, AND CULTIVATE EDUCATIONAL ACTIVITIES AND RELATIONSHIPS INCIDENTAL THERETO BY, BETWEEN, AND AMONG THE STUDENTS AND THE FACULTY OF SUNY DOWNSTATE AND TO AID THE STUDENTS, FACULTY, AND ADMINISTRATION OF SUNY DOWNSTATE IN THE FURTHERANCE OF THEIR EDUCATION AND STUDIES, WORK, LIVING AND CO-CURRICULAR ACTIVITIES INCIDENTAL THERETO, IN COLLABORATION AND COORDINATION WITH THE EDUCATIONAL GOALS OF SUNY DOWNSTATE.

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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 $162,874

Program Service Revenue $3,274,661

Investment Income $106

Other Revenue $24,211

TOTAL REVENUE $3,461,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,335

Fundraising Expenses $0

Program Expenses $3,294,964

Other Expenses $3,452,592

TOTAL EXPENSES $3,514,927

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,461,852	$3,436,040	+0.0%
Expenses	$3,514,927	$3,642,524	0.0%
Net Income	$-53,075	$-206,484	-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

Volunteers

N/A

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

$1,452,198

Total Directors

$2,842,437

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY PUTMAN	PRESIDENT	5.00	Officer Director	$0	$44,920	$279,600
BRIGITTE DESPORT	VICE PRESIDENT	5.00	Officer Director	$0	$33,415	$218,120
CHARIS NG	SECRETARY	5.00	Officer Director	$0	$33,012	$223,012
JEFF ROSEN	TREASURER	5.00	Officer Director	$0	$47,116	$298,116
RACHEL BAUM	STUDENT DIRECTOR	0.10	Director	$0	$0	$0
MOHAMMAD SHAH	STUDENT DIRECTOR	0.10	Director	$0	$0	$0
ADANMA NGADI	STUDENT DIRECTOR	0.10	Director	$0	$0	$0
RILEY MORRONE	STUDENT DIRECTOR	0.10	Director	$0	$0	$0
BREANNA WATSON	STUDENT DIRECTOR	0.10	Director	$0	$0	$0
MATTHEW ZAHARENIOS	STUDENT DIRECTOR	0.10	Director	$0	$0	$0
MARIE-CLAIRE ROBERTS	DIRECTOR	0.10	Director	$0	$33,415	$275,126
LAURA MARTELLO-ROONEY	DIRECTOR	0.10	Director	$0	$8,259	$99,355
MARK STEWART	DIRECTOR	0.10	Director	$0	$78,265	$420,130
TARA BECKLEY	DIRECTOR	0.10	Director	$0	$33,415	$116,360
DANIEL GRAVES	DIRECTOR	0.10	Director	$0	$64,897	$289,897
DEANNE KENNEDY-LORDE	DIRECTOR	0.10	Director	$0	$24,997	$189,371
RICHARD BENTLEY	PRESIDENT (FORMER)	5.00	Officer Director	$0	$62,133	$250,718
SERGIO MAFFETTONE	TREASURER (FORMER)	5.00	Officer Director	$0	$36,302	$182,632

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
2025	$3,461,852	$3,514,927	$2,380,591	$-53,075
2024	$3,436,040	$3,642,524	$2,346,418	$-206,484
2023	$3,430,887	$3,653,283	$2,352,766	$-222,396
2022	$3,694,681	$3,686,100	$2,207,476	$8,581
2021	$3,258,024	$3,154,493	$2,132,632	$103,531
2020	$3,493,245	$3,276,397	$2,190,671	$216,848
2019	$1,020,728	$1,020,728	$1,749,369	No data
2018	$1,038,190	$905,618	$1,918,709	$132,572

FACULTY STUDENT ASSOCIATION OF DOWNSTATE MEDICAL CENTER INC