HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION

EIN: 112418771 501(c)(3) Education

BROOKLYN, NY

Total Revenue
$321,524,778
Total Expenses
$321,287,422
Total Assets
$306,233,000
Net Assets
$177,577,904
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NY
Principal Officer
DR LUTHER CLARK
Phone
7182703148
Tax Period
2023-08-01 to 2024-07-31

HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION, founded in 1976, is a major nonprofit in the Education sector that reported $321.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO ESTABLISH, OPERATE, MANAGE, PROMOTE, AND CULTIVATE EDUCATIONAL RELATED ACTIVITIES FOR THE STUDENTS AND FACULTY OF THE SUNY DOWNSTATE HEALTH SCIENCES UNIVERSITY AND TO AID THE STUDENTS, FACULTY, AND ADMINSTRATION. IN ADDITION, TO UPGRADE AND EXPAND THE FACILITIES TO ADVANCE THE INSTITUTION'S MISSION.

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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 $4,516,184
Program Service Revenue $311,330,558
Investment Income $2,277,027
Other Revenue $3,401,009
TOTAL REVENUE $321,524,778

Expense Breakdown

Grants Paid $271,359
Salaries & Benefits $303,912,852
Fundraising Expenses $0
Program Expenses $315,380,531
Other Expenses $17,103,211
TOTAL EXPENSES $321,287,422

Year-over-Year Comparison

2023 2022 Change
Revenue $321,524,778 $280,613,481 +0.1%
Expenses $321,287,422 $285,115,114 +0.1%
Net Income $237,356 $-4,501,633 -1.1%
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
8
Independent Members
5
Employees
3448
Volunteers
19

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
14
$6,308,057
Total Directors
8
$1,556,489
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR F CHARLES BRUNICARDI SECRETARY 0.50
Officer Director
$0 $29,614 $708,510
WAYNE J RILEY MD MPH MACP EVP 0.50
Officer Director
$190,000 $11,973 $680,870
EDGAR O MANDEVILLE MD FACOG DIRECTOR 0.50
Director
$0 $11,973 $167,109
LUTHER T CLARK MD PRESIDENT 0.50
Officer Director
$0 $0 $0
JOSEPH LENTOL VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
H CARL MCCALL DIRECTOR 0.50
Director
$0 $0 $0
GARY S SKLAR MD DIRECTOR 0.50
Director
$0 $0 $0
DAISY CRUZ-RICHMAN PHD RD DIRECTOR 0.50
Director
$0 $0 $0
BERNADETTE SELBY MPA CRCR TREASURER 0.50
Officer
$0 $11,973 $292,011
FRANCI SCHARF ASSISTANT SECRETARY 0.50
Officer
$0 $29,614 $290,028
MUFUTAU SADIKU CONTROLLER, HSCBF 37.50
Officer
$0 $29,614 $170,475
ROBERT S CHALONER CAO 37.50
Officer
$1,204,298 $48,750 $1,253,048
PAUL CONNOR CAO STAFFCO 37.50
Officer
$613,229 $46,193 $659,422
CHRISTOPER SCULTHEIS VP FIN & CFO STAFFCO 37.50
Officer
$443,932 $63,225 $507,157
WILLIAM H MESSNER SVP FIN, STAFFCO 37.50
Officer
$333,060 $59,392 $392,452
MAUREEN WALLEY EXEC DIR, STAFFCO 37.50
Officer
$260,529 $17,548 $278,077
BERNARD ELLISON AVP & CONTROLLER, STAFFCO 30.00
Officer
$226,467 $14,592 $241,059
FREDERIC WEINBAUM CMO & COO 37.50
Officer
$771,723 $63,225 $834,948
ASAN KHAN PHYSICIAN 37.50
Highest
$1,013,150 $63,225 $1,076,375
ROBERT A MUNKELWITZ PHYSICIAN 37.50
Highest
$699,424 $63,225 $762,649
JOHN FAZIO CRNA 37.50
Highest
$403,249 $63,224 $466,473
STEVEN B SOBEY PHYSICIAN 37.50
Highest
$673,689 $59,392 $733,081
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 $321,524,778 $321,287,422 $306,233,000 $237,356
2023 $280,613,481 $285,115,114 $267,093,664 $-4,501,633
2022 $265,060,734 $265,071,683 $266,607,547 $-10,949
2021 $209,468,895 $206,240,209 $288,409,019 $3,228,686
2020 $185,417,132 $184,935,761 $228,211,518 $481,371
2020 $185,417,132 $184,935,761 $228,211,518 $481,371
2019 $134,153,002 $135,942,034 $209,915,231 $-1,789,032
2018 $10,089,620 $4,705,248 $145,617,211 $5,384,372
2017 $12,453,617 $9,815,128 $148,182,533 $2,638,489
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