Sackler School of Medicine

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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

1977

Legal Domicile

Principal Officer

Thomas Tracy MD

Phone

9292877622

Tax Period

2022-10-01 to 2023-09-30

Sackler School of Medicine, founded in 1977, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2022.

Mission

The Sackler School of Medicine's functions are to recruit and accept students to qualify for an MD degree. The organization maintains an administrative office in New York City which handles admissions and other functions for U.S. and Canadian students.

Program Service Accomplishments

Program 1

Expenses: $8,017,628 Revenue: $7,983,206

Operation of medical school.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,971,841

Investment Income $8,672

Other Revenue $2,693

TOTAL REVENUE $7,983,206

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $815,911

Fundraising Expenses $0

Program Expenses $8,017,628

Other Expenses $7,196,717

TOTAL EXPENSES $8,017,628

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,983,206	$8,334,270	0.0%
Expenses	$8,017,628	$8,347,034	0.0%
Net Income	$-34,422	$-12,764	+1.7%

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

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

$537,023

Total Directors

$550,523

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Louis Bernstein	Trustee	1.00	Director	$0	$0	$0
Gerard J Igel MD	Trustee	1.00	Director	$0	$0	$0
Richard S Sackler MD	Trustee	1.00	Director	$0	$0	$0
Thomas F Tracy Jr MD	Trustee	1.00	Director	$13,500	$0	$13,500
Deborah Axelrod MD	Trustee	1.00	Director	$0	$0	$0
Arthur A Klein MD	Trustee	1.00	Director	$0	$0	$0
Alvin Rosenfeld MD	Trustee	1.00	Director	$0	$0	$0
Robin Abrams	Trustee	1.00	Director	$0	$0	$0
Stanley Schrem MD	Trustee	1.00	Director	$0	$0	$0
Jeffrey Steiner MD	Trustee	1.00	Director	$0	$0	$0
Ralph Synderman MD	Trustee	1.00	Director	$0	$0	$0
Jeffrey Borkan MD	Trustee	1.00	Director	$0	$0	$0
Michael Kassen	Trustee	1.00	Director	$0	$0	$0
Max Raskin	Trustee	1.00	Director	$0	$0	$0
Jeffrey Schor MD	Trustee	1.00	Director	$0	$0	$0
Stephen Lazar EdD	Exec. Dean & Trustee	40.00	Officer Director	$479,321	$0	$479,321
Joseph Drelich	Treasurer	4.00	Officer Director	$57,702	$0	$57,702

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
2023	$7,983,206	$8,017,628	$4,824,914	$-34,422
2022	$8,334,270	$8,347,034	$5,311,946	$-12,764
2020	$9,320,787	$9,351,757	$3,810,351	$-30,970
2019	$9,981,488	$10,317,820	$2,471,790	$-336,332
2018	$9,851,840	$9,566,165	$2,794,451	$285,675