HEALTH SCIENCE CENTER AT BROOKLYN … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

DR LUTHER CLARK

Phone

7182703148

Tax Period

2024-08-01 to 2025-07-31

HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION, founded in 1976, is a major nonprofit in the Education sector that reported $340.3M in total revenue in fiscal year 2024.

Mission

TO ESTABLISH, OPERATE, MANAGE, PROMOTE, AND CULTIVATE EDUCATIONAL RELATED ACTIVITIES FOR THE STUDENTS AND FACULTY OF THE SUNY DOWNSTATE HEALTH SCIENCES UNIVERSITY. IN ADDITION, THE FOUNDATION PROVIDES AID TO THE STUDENTS, FACULTY AND ADMINISTRATION OF THE CENTER TO FURTHER THEIR EDUCATION AND STUDIES, WORK, LIVING, AND CO-CURRICULAR ACTIVITIES IN COLLABORATION AND COORDINATION WITH THE EDUCATIONAL GOALS OF THE CENTER.

Program Service Accomplishments

Program 1

Expenses: $332,171,146 Revenue: $332,171,146

IN JANUARY 2011, THE ORGANIZATION FORMED STAFFCO OF BROOKLYN, LLC (STAFFCO), A PROFESSIONAL EMPLOYER ORGANIZATION TO THE STATE UNIVERSITY OF NEW YORK DOWNSTATE HEALTH SCIENCES UNIVERSITY (SUNY DHSU). IN APRIL 2017 AND JANUARY 2018, TWO ADDITIONAL STAFFCO ENTITIES WERE ADDED - STAFFCO SOUTHAMPTON AND STAFFCO EASTERN LONG ISLAND, RESPECTIVELY. IN JUNE 2022, STAFFCO CPMP WAS ADDED. FOR TAX PURPOSES, ALL STAFFCO ENTITIES ARE TREATED AS DISREGARDED ENTITIES OF THE HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION, INC.

Program 2

Expenses: $1,246,108 Revenue: $1,626,888

THE HSCB FOUNDATION SUPPORTS THE RECRUITMENT OF ADMINSTRATIVE POSITIONS AT DOWNSTATE HEALTH SCIENCES UNIVERSITY. IN ADDITION, CONSULTING SERVICES INCLUDING PUBLIC RELATIONS, ADVICE ON FUNDRAISING...

THE HSCB FOUNDATION SUPPORTS THE RECRUITMENT OF ADMINSTRATIVE POSITIONS AT DOWNSTATE HEALTH SCIENCES UNIVERSITY. IN ADDITION, CONSULTING SERVICES INCLUDING PUBLIC RELATIONS, ADVICE ON FUNDRAISING, STUDENT PSYCHOLOGICAL EVALUATIONS, ORGANIZATIONAL IMPROVEMENTS, AND LEGAL SERVICES ARE PROVIDED BY THE FOUNDATION. THE ORGANIZATION ALSO OPERATES RENTAL PROPERTIES.

Program 3

Expenses: $1,287,597

THE HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION HOLDS SEVERAL MEDICAL AND SCIENTIFIC SYMPOSIUMS AND CONFERENCES ON CAMPUS. THESE CONFERENCES ARE OPEN TO THE PUBLIC AS WELL AS TO MEMBERS OF THE...

THE HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION HOLDS SEVERAL MEDICAL AND SCIENTIFIC SYMPOSIUMS AND CONFERENCES ON CAMPUS. THESE CONFERENCES ARE OPEN TO THE PUBLIC AS WELL AS TO MEMBERS OF THE MEDICAL AND SCIENTIFIC COMMUNITY. IN ADDITION, THE FOUNDATION PROVIDES SUPPORT TO THE FACULTY THAT ARE INVITED AS SPEAKERS FOR SYMPOSIUMS AND CONFERENCES THAT ARE HELD OFF-CAMPUS AND FOR PROFESSIONAL MEETINGS. THE FOUNDATION ALSO PROVIDES SUPPORT FOR PROFESSIONAL PROGRAMS AND EXAMS THAT WILL FURTHER THE DEVELOPMENT OF THE FACULTY. THE FOUNDATION PROVIDES SUPPORT TO SEVERAL COMMUNITY, DEPARTMENT, AND CITY-WIDE PROGRAMS. SOME OF THOSE PROGRAMS ARE BROOKLYN FREE CLINIC, THE CHILDREN'S CENTER AT BROOKLYN, INFANT AND CHILD LEARNING CENTER, AND THE ARTHUR ASHE INSTITUTE.

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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 $504,356

Program Service Revenue $333,798,034

Investment Income $4,641,844

Other Revenue $1,360,642

TOTAL REVENUE $340,304,876

Expense Breakdown

Grants Paid $377,970

Salaries & Benefits $324,908,833

Fundraising Expenses $0

Program Expenses $335,082,821

Other Expenses $13,881,450

TOTAL EXPENSES $339,168,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$340,304,876	$321,524,778	+0.1%
Expenses	$339,168,253	$321,287,422	+0.1%
Net Income	$1,136,623	$237,356	+3.8%

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

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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

3588

Volunteers

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

$5,277,784

Total Directors

$1,695,848

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR F CHARLES BRUNICARDI	SECRETARY	0.50	Officer Director	$0	$33,415	$763,511
WAYNE J RILEY MD MPH MBA MACP	EXECUTIVE VICE PRESIDENT	0.50	Officer Director	$190,000	$28,215	$743,786
LUTHER T CLARK MD	PRESIDENT	0.50	Officer Director	$0	$0	$0
JOSEPH LENTOL	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
GARY S SKLAR MD	DIRECTOR	0.50	Director	$0	$0	$0
EDGAR O MANDEVILLE MD FACOG	DIRECTOR	0.50	Director	$0	$33,415	$188,551
DAISY CRUZ-RICHMAN PHD RN	DIRECTOR	0.50	Director	$0	$0	$0
H CALL MCCALL	DIRECTOR	0.50	Director	$0	$0	$0
BERNADETTE SELBY MPA CRCR	TREASURER	0.50	Officer	$0	$13,015	$334,914
FRANCI SCHARF	ASSISTANT SECRETARY	0.50	Officer	$0	$33,415	$293,829
MUFUTAU SADIKU	CONTROLLER, HSCBF	37.50	Officer	$0	$33,415	$192,277
FREDERIC WEINBAUM	CMO & COO	37.50	Officer	$684,764	$67,376	$752,140
PAUL CONNOR	CHIEF ADMINISTRATIVE OFFICER	37.50	Officer	$604,748	$54,841	$659,589
CHRISTOPHER SCHULTEIS	CFO	37.50	Officer	$376,658	$67,376	$444,034
WILLIAM MESSNER	SENIOR VP/FINANCE	37.50	Officer	$360,096	$65,539	$425,635
MAUREEN WALLEY	EXECUTIVE DIRECTOR, STAFFCO	37.50	Officer	$291,110	$18,417	$309,527
ROBERT MAIR	CONTROLLER, STAFFCO	37.50	Officer	$177,441	$11,246	$188,687
BERNARD ELLISON	AVP & CONTROLLER, STAFFCO	37.50	Officer	$159,474	$10,381	$169,855
ASHAN KHAN	PHYSICIAN	37.50	Highest	$1,108,638	$67,376	$1,176,014
ROBERT MUNKELWITZ	PHYSICIAN	37.50	Highest	$748,535	$54,830	$803,365
STEVEN SOBEY	PHYSICIAN	37.50	Highest	$732,610	$71,894	$804,504
JAMES MOORE	PHYSICIAN	37.50	Highest	$612,563	$71,894	$684,457
JOHN FAZIO	CRNA SUPERVISOR	37.50	Highest	$295,667	$48,165	$343,832

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	$340,304,876	$339,168,253	$312,636,563	$1,136,623
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

HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION