Stony Brook Ophthalmology University Faculty Practice Corporation

EIN: 112658697 501(c)(3) Health Care

STONY BROOK, NY

Total Revenue
$15,645,523
Total Expenses
$16,207,072
Total Assets
$1,070,673
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 Ophthalmology University Faculty Practice Corporation, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $15.6M in total revenue in fiscal year 2024.

Mission

PROVIDE CLINICAL INSTRUCTION TO AND SUPERVISION OF MEDICAL SCHOOL 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 $15,632,438
Investment Income $0
Other Revenue $13,085
TOTAL REVENUE $15,645,523

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,358,566
Fundraising Expenses $0
Program Expenses $14,244,646
Other Expenses $10,848,506
TOTAL EXPENSES $16,207,072

Year-over-Year Comparison

2024 2023 Change
Revenue $15,645,523 $15,055,793 +0.0%
Expenses $16,207,072 $15,729,474 +0.0%
Net Income $-561,549 $-673,681 -0.2%
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
3
Independent Members
N/A
Employees
17
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
$2,055,972
Total Directors
3
$2,577,329
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Khurram CHAUDHARY DIRECTOR/SECRETARY/TREASURER 40.0
Officer Director
$1,050,692 $73,091 $1,197,431
ROBERT HONKANEN President & Director 40.0
Officer Director
$635,691 $82,243 $858,541
Patricia PAHK DIRECTOR 40.0
Director
$380,408 $76,141 $521,357
DANIEL CYR OPHTHALMOLOGIST 40.0
Highest
$246,740 $52,422 $362,989
FARZAN GORGANI OPHTHALMOLOGIST 40.0
Highest
$269,277 $55,126 $388,230
NARIMAN BOYLE OPHTHALMOLOGIST 40.0
Highest
$296,274 $72,235 $470,837
SARAH WEISSBART OPHTHALMOLOGIST 40.0
Highest
$280,159 $65,259 $421,481
TIMOTHY CHOU OPHTHALMOLOGIST 40.0
Highest
$303,121 $69,667 $446,802
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 $15,645,523 $16,207,072 $1,070,673 $-561,549
2024 $15,055,793 $15,729,474 $1,632,222 $-673,681
2023 $12,071,866 $12,338,430 $2,305,904 $-266,564
2022 $10,915,120 $11,084,906 $2,572,468 $-169,786
2021 $11,234,601 $10,210,777 $2,115,464 $1,023,824
2020 $10,839,384 $11,704,069 $2,324,792 $-864,685
2019 $12,971,451 $12,651,661 $3,191,840 $319,790
2018 $12,038,629 $11,085,572 $2,872,050 $953,057
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