Stony Brook Urology University Faculty Practice Corporation

EIN: 112644371 501(c)(3) Health Care

STONY BROOK, NY

Total Revenue
$18,312,526
Total Expenses
$17,795,071
Total Assets
$2,379,025
Net Assets
N/A
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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
1983
Legal Domicile
NY
Phone
6314442055
Tax Period
2024-07-01 to 2025-06-30

Stony Brook Urology University Faculty Practice Corporation, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $18.3M in total revenue in fiscal year 2024.

Mission

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

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $18,283,325
Investment Income $0
Other Revenue $29,201
TOTAL REVENUE $18,312,526

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,016,345
Fundraising Expenses $0
Program Expenses $15,855,240
Other Expenses $9,778,726
TOTAL EXPENSES $17,795,071

Year-over-Year Comparison

2024 2023 Change
Revenue $18,312,526 $17,491,781 +0.0%
Expenses $17,795,071 $18,516,653 0.0%
Net Income $517,455 $-1,024,872 -1.5%
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
3
Independent Members
N/A
Employees
28
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
2
$1,725,605
Total Directors
3
$2,460,920
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT WASNICK DIRECTOR/SECRETARY/TREASURER 40.0
Officer Director
$185,056 $71,760 $429,593
WAYNE WALTZER President & Director 40.0
Officer Director
$867,758 $112,829 $1,296,012
JASON KIM DIRECTOR 40.0
Director
$578,940 $70,124 $735,315
DAVID SCHULSINGER UROLOGIST 40.0
Highest
$406,019 $82,100 $599,204
FRANK DARRAS UROLOGIST 40.0
Highest
$426,280 $104,108 $804,272
MICHAEL ERNST UROLOGIST 40.0
Highest
$343,323 $64,012 $476,210
STEVEN WEISSBART UROLOGIST 40.0
Highest
$494,210 $78,122 $647,270
WILLIAM BERG UROLOGIST 40.0
Highest
$396,231 $68,269 $529,299
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 $18,312,526 $17,795,071 $2,379,025 $517,455
2024 No data No data No data No data
2023 $15,517,244 $15,944,655 $2,886,442 $-427,411
2022 $15,404,251 $15,435,202 $3,313,853 $-30,951
2021 $14,795,289 $12,988,278 $2,751,463 $1,807,011
2020 $12,303,604 $12,239,177 $2,171,949 $64,427
2019 $12,732,501 $12,894,544 $2,110,442 $-162,043
2018 $11,843,170 $11,399,462 $2,272,485 $443,708
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