Stony Brook Orthopedic Associates … - Form 990 Financial Data

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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

1982

Legal Domicile

Phone

6314442055

Tax Period

2024-07-01 to 2025-06-30

Stony Brook Orthopedic Associates University Faculty Practice Corporation, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $46.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PROVIDE CLINICAL INSTRUCTION TO AND SUPERVISION OF MEDICAL SCHOOL STUDENTS, INTERNS AND RESIDENTS AND, INCIDENT THERETO, RENDERING PROFESSIONAL SERVICES.

Program Service Accomplishments

Program 1

Expenses: $42,047,409 Revenue: $46,199,072

THE ORGANIZATION PROVIDES SERVICES IN THE FIELD OF ORTHOPAEDICS TO PATIENTS AND PROVIDES CLINICAL INSTRUCTION TO AND SUPERVISION OF SCHOOL OF MEDICINE STUDENTS AND HOSPITAL RESIDENTS.

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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 $0

Program Service Revenue $46,199,072

Investment Income $0

Other Revenue $83,574

TOTAL REVENUE $46,282,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,175,718

Fundraising Expenses $0

Program Expenses $42,047,409

Other Expenses $27,269,734

TOTAL EXPENSES $46,445,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,282,646	$42,316,127	+0.1%
Expenses	$46,445,452	$43,381,393	+0.1%
Net Income	$-162,806	$-1,065,266	-0.8%

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

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

N/A

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

$3,251,549

Total Directors

$4,824,108

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES NICHOLSON	DIRECTOR/SECRETARY/TREASURER	40.0	Officer Director	$1,526,594	$91,405	$1,816,365
JAMES PENNA	President & Director	40.0	Officer Director	$1,197,977	$85,460	$1,435,184
JAMES BARSI	DIRECTOR	40.0	Director	$1,507,191	$65,368	$1,572,559
EDWARD WANG	ORTHOPAEDIC SURGEON	40.0	Highest	$910,908	$85,327	$1,145,549
FAZEL KHAN	ORTHOPAEDIC SURGEON	40.0	Highest	$1,114,088	$65,368	$1,179,456
MEGAN PAULUS	ORTHOPAEDIC SURGEON	40.0	Highest	$831,921	$72,572	$973,100
NICHOLAS DIVARIS	ORTHOPAEDIC SURGEON	40.0	Highest	$768,323	$85,291	$1,003,261
STEPHEN KOTTMEIER	ORTHOPAEDIC SURGEON	40.0	Highest	$698,638	$89,936	$946,740

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	$46,282,646	$46,445,452	$2,852,954	$-162,806
2024	No data	No data	No data	No data
2023	$41,017,037	$41,728,312	$4,081,026	$-711,275
2022	$39,021,478	$41,377,587	$4,792,301	$-2,356,109
2021	$37,222,975	$32,547,920	$5,848,599	$4,675,055
2020	$30,651,857	$32,114,941	$3,294,124	$-1,463,084
2019	$30,805,258	$30,081,227	$4,761,627	$724,031
2018	$31,642,056	$30,268,918	$4,037,597	$1,373,138

Stony Brook Orthopedic Associates University Faculty Practice Corporation