STONY BROOK FOUNDATION INC

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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

1965

Legal Domicile

Principal Officer

JUSTIN FINCHER

Phone

6316326536

Tax Period

2023-07-01 to 2024-06-30

STONY BROOK FOUNDATION INC, founded in 1965, is a major nonprofit in the Education sector that reported $421.0M in total revenue in fiscal year 2023. Revenue surged 430% from the prior year, signaling strong growth momentum. The organization ran a surplus of $344.2M, a strong 82% operating margin.

Mission

THE STONY BROOK FOUNDATION, INC. IS A NOT-FOR-PROFIT, "NO MEMBER" CORPORATION ESTABLISHED IN 1965. SBF EXISTS TO ADVANCE THE MISSION AND GOALS OF SUNY STONY BROOK BY FACILITATING, ACCEPTING AND MANAGING PHILANTHROPIC GIFTS. (CONTINUED ON SCHEDULE O).

Program Service Accomplishments

Program 1

Expenses: $20,249,516 Revenue: $0

STONY BROOK FOUNDATION PROVIDED FUNDING TO SUPPORT VARIOUS SUNY STONY BROOK ACADEMIC PROGRAMS, CENTERS AND INSTITUTES IN ORDER TO NURTURE ACADEMIC ACHIEVEMENT AMONG SUNY STONY BROOK STUDENTS AND...

STONY BROOK FOUNDATION PROVIDED FUNDING TO SUPPORT VARIOUS SUNY STONY BROOK ACADEMIC PROGRAMS, CENTERS AND INSTITUTES IN ORDER TO NURTURE ACADEMIC ACHIEVEMENT AMONG SUNY STONY BROOK STUDENTS AND FACULTY BY PROVIDING FUNDS TO ATTRACT AND RETAIN EXCEPTIONAL FACULTY THROUGH THE USE OF ENDOWED CHAIRS AND ENDOWED PROFESSORSHIPS, AID IN CURRICULUM ENHANCEMENT AS WELL AS EQUIP CLASSROOMS AND LABORATORIES WITH THE LATEST TECHNOLOGY.

Program 2

Expenses: $13,869,114 Revenue: $2,382,376

STONY BROOK FOUNDATION PROVIDED SUNY STONY BROOK FUNDS FOR VARIOUS INSTITUTIONAL SUPPORT, INCLUDING BUT NOT LIMITED TO: FUNDING CONSTRUCTION OF CUTTING-EDGE FACILITIES SUCH AS THE INDOOR TRAINING...

STONY BROOK FOUNDATION PROVIDED SUNY STONY BROOK FUNDS FOR VARIOUS INSTITUTIONAL SUPPORT, INCLUDING BUT NOT LIMITED TO: FUNDING CONSTRUCTION OF CUTTING-EDGE FACILITIES SUCH AS THE INDOOR TRAINING CENTER FOR ATHLETICS AS WELL AS SUBSTANTIAL RENOVATIONS OF THE CURRENT EXISTING STONY BROOK UNIVERSITY HOSPITAL, SUBSIDIZED FUNDING TO SUPPORT VARIOUS SUNY STONY BROOK STRATEGIC ACADEMIC INITIATIVES, AND STONY BROOK UNIVERSITY DEPARTMENTS SUCH AS MATHEMATICS, PHYSICS AND THE TURKANA BASIN INSTITUTE, AN ACADEMIC BASE FOR SCIENTIFIC RESEARCH AND TRAINING IN PALEONTOLOGY AND PALEOANTHROPOLOGY.

Program 3

Expenses: $8,704,420 Revenue: $0

STONY BROOK FOUNDATION PROVIDED VARIOUS STUDENT FINANCIAL SUPPORT TO SUNY STONY BROOK AS WELL AS TO SUNY STONY BROOK'S STUDENTS TO ASSIST IN THEIR EFFORT OF DELIVERING A WORLD-CLASS EDUCATION AT A...

STONY BROOK FOUNDATION PROVIDED VARIOUS STUDENT FINANCIAL SUPPORT TO SUNY STONY BROOK AS WELL AS TO SUNY STONY BROOK'S STUDENTS TO ASSIST IN THEIR EFFORT OF DELIVERING A WORLD-CLASS EDUCATION AT A REMARKABLY AFFORDABLE PRICES AND TO KEEP RECRUITING THE BEST YOUNG MINDS AND FUTURE LEADERS FROM ACROSS THE SOCIOECONOMIC SPECTRUM. ENHANCED SUPPORT FOR FACULTY AND INCREASED ENGAGEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $387,922,822

Program Service Revenue $2,382,376

Investment Income $29,745,219

Other Revenue $991,049

TOTAL REVENUE $421,041,466

Expense Breakdown

Grants Paid $29,371,750

Salaries & Benefits $16,007,597

Fundraising Expenses $7,564,036

Program Expenses $52,074,583

Other Expenses $31,435,386

TOTAL EXPENSES $76,814,733

Year-over-Year Comparison

	2023	2022	Change
Revenue	$421,041,466	$79,474,546	+4.3%
Expenses	$76,814,733	$64,477,606	+0.2%
Net Income	$344,226,733	$14,996,940	+22.0%

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

Employees

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

$1,154,022

Total Directors

$137,349

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MAURIE MCINNIS - SBU PRES	EX-OFFICIO TRUSTEE (VOTING)	3.00	Director	$137,349	$0	$137,349
MR RICHARD L GELFOND	TRUSTEE, CHAIR	4.00	Officer Director	$0	$0	$0
MR DAVID E ACKER	TRUSTEE, VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR LAURIE LANDEAU	TRUSTEE, VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR JAMES H SIMONS	TRUSTEE, CHAIR EMERITUS (THRU 05/24)	1.00	Officer Director	$0	$0	$0
MR CARY F STALLER	TRUSTEE, SECRETARY	1.00	Officer Director	$0	$0	$0
DR NANCY RAUCH DOUZINAS	TRUSTEE, TREASURER	1.00	Officer Director	$0	$0	$0
DR ASHVIN B CHHABRA	TRUSTEE	0.50	Director	$0	$0	$0
MR ERROL A COCKFIELD	TRUSTEE	0.50	Director	$0	$0	$0
DR BARRY S COLLER	TRUSTEE	0.50	Director	$0	$0	$0
DR STEPHEN DELLA PIETRA	TRUSTEE	0.50	Director	$0	$0	$0
DR VINCENT DELLA PIETRA	TRUSTEE	0.50	Director	$0	$0	$0
MR GUY-MAX DELPHIN	TRUSTEE	0.50	Director	$0	$0	$0
MR BARRY M FOX ESQ	TRUSTEE	0.50	Director	$0	$0	$0
MR STUART D GOLDSTEIN	TRUSTEE	0.50	Director	$0	$0	$0
MR WILLIAM L KNAPP	TRUSTEE	0.50	Director	$0	$0	$0
DR HENRY B LAUFER	TRUSTEE	0.50	Director	$0	$0	$0
MS DOROTHY LICHTENSTEIN	TRUSTEE	0.50	Director	$0	$0	$0
DR NIRMAL MATTOO	TRUSTEE	0.50	Director	$0	$0	$0
MR RICHARD T NASTI ESQ	TRUSTEE	0.50	Director	$0	$0	$0
MR BERNARDO PIQET	TRUSTEE	0.50	Director	$0	$0	$0
MS CAROLINE RITTER	TRUSTEE	0.50	Director	$0	$0	$0
MR RUSSELL SHEPARD	TRUSTEE	0.50	Director	$0	$0	$0
MRS SUSAN STEINHARDT ESQ	TRUSTEE	0.50	Director	$0	$0	$0
MR DAVID MARCUS	CIO	37.50	Officer	$548,352	$219,341	$767,693
KACY BULLARD	CFO & COO	37.50	Officer	$241,003	$96,401	$337,404
JUSTIN FINCHER	EXECUTIVE DIRECTOR	37.50	Officer	$48,925	$0	$48,925
DANIELLLE HOLTON	AVP, SBCH	37.50	Highest	$286,959	$114,784	$401,743
DEBORAH LOWEN-KLEIN	SENIOR ASSOCIATE VP, ADVANCEMENT	37.50	Highest	$259,677	$103,871	$363,548
CAROL GOMES	CEO, COO OF SBUH	1.00	Highest	$333,752	$0	$333,752
TARA STENZEL-FLEMING	AVP, PRINCIPAL GIFTS & SFI	37.50	Highest	$217,143	$86,857	$304,000
KATHLEEN LE VINESS	DIRECTOR OF DATA SERVICES	37.50	Highest	$168,706	$67,482	$236,188

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	No data	No data	No data	No data
2024	$421,041,466	$76,814,733	$1,261,474,422	$344,226,733
2023	$79,474,546	$64,477,606	$862,643,765	$14,996,940
2022	$150,444,669	$63,743,349	$805,257,176	$86,701,320
2021	$129,247,386	$72,463,188	$732,698,663	$56,784,198
2020	$62,393,551	$50,718,272	$590,641,440	$11,675,279
2019	$75,975,483	$58,814,651	$558,788,144	$17,160,832
2018	$74,110,802	$54,939,850	$509,428,296	$19,170,952