ACADEMY OF MEDICINE OF BROOKLYNINC

EIN: 111987798 501(c)(3) Education

BROOKLYN, NY

Total Revenue
$209,899
Total Expenses
$53,787
Total Assets
$2,639,043
Net Assets
$2,378,331
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1933
Legal Domicile
NY
Principal Officer
SHERMAN DUNNDO
Phone
7185964000
Tax Period
2023-01-01 to 2023-12-31

ACADEMY OF MEDICINE OF BROOKLYNINC, founded in 1933, is a small nonprofit in the Education sector that reported $210K in total revenue in fiscal year 2023. Revenue surged 220% from the prior year, signaling strong growth momentum. The organization ran a surplus of $156K, a strong 74% operating margin.

Mission

TO ENHANCE CONTINUING MEDICAL EDUCATION FOR DOCTORS, NURSES & OTHER RELATED MEDICAL PERSONNEL.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $23,727
Investment Income $175,662
Other Revenue $10,510
TOTAL REVENUE $209,899

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,584
Other Expenses $53,787
TOTAL EXPENSES $53,787

Year-over-Year Comparison

2023 2022 Change
Revenue $209,899 $65,696 +2.2%
Expenses $53,787 $80,991 -0.3%
Net Income $156,112 $-15,295 -11.2%
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

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
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
9
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERMAN DUNNDO CHAIR N/A
Officer Director
$0 $0 $0
RONALD SOLOMON MD PRESIDENT N/A
Officer Director
$0 $0 $0
MADHU R GUDVALLI MD IMMEDIATE PA N/A
Officer Director
$0 $0 $0
SAN SAN WINN SECRETARY N/A
Officer Director
$0 $0 $0
ALFRED LEONG MD VICE PRESIDE N/A
Officer Director
$0 $0 $0
NIRAJ N ACHARYA MD TREASURER N/A
Officer Director
$0 $0 $0
DEVENDRA SRIVASTAV PRESIDENT EL N/A
Officer Director
$0 $0 $0
STEVEN M KANER MD ASSO DIRECTI N/A
Officer Director
$0 $0 $0
DONALD E MOORE MD DIRECTING LI N/A
Officer
$0 $0 $0
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 No data No data No data No data
2023 $209,899 $53,787 $2,639,043 $156,112
2022 $65,696 $80,991 $2,234,044 $-15,295
2021 $70,383 $32,288 $2,649,448 $38,095
2020 $76,967 $49,955 $2,275,416 $27,012
2019 $108,655 $103,415 $2,000,564 $5,240
2018 $140,167 $82,359 $1,800,553 $57,808
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