UNIVERSITY NEUROLOGY INC (EIN 161359213) - Form 990 Financial Analysis & Trantor Score

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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

1991

Legal Domicile

Principal Officer

DANIEL WOO MD

Phone

7168782993

Tax Period

2024-01-01 to 2024-12-31

UNIVERSITY NEUROLOGY INC, founded in 1991, is a mid-sized nonprofit in the Health Care sector that reported $31.9M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO ADVANCE THE HEALTH AND WELLNESS ACROSS THE LIFE SPAN FOR THE PEOPLE OF WESTERN NEW YORK AND THE WORLD THROUGH THE EDUCATION OF TOMORROW'S LEADERS IN HEALTH CARE AND BIOMEDICAL SCIENCES, INNOVATIVE RESEARCH, AND OUTSTANDING CLINICAL CARE. IN KEEPING WITH THE INSTITUTIONAL MISSION, THE DEPARTMENT OF NEUROLOGY STRIVES TO:1. IMPROVE NEUROLOGIC CARE FOR THE PEOPLE AND COMMUNITIES OF WESTERN NEW YORK AND BEYOND.2. EDUCATE THE NEXT GENERATION OF NEUROLOGY HEALTH CARE PROVIDERS THROUGH OUR MEDICAL STUDENT CLERKSHIP AND ADULT AND CHILD NEUROLOGY RESDIENCY AND FELLOWSHIP TRAINING PROGRAMS.3. CONDUCT HIGH-IMPACT, NATIONALLY AND INTERNATIONALLY-RECOGNIZED RESEARCH AND CLINICAL INVESTIGATION.

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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 $179,717

Program Service Revenue $31,657,157

Investment Income $23,205

Other Revenue $4,960

TOTAL REVENUE $31,865,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,065,735

Fundraising Expenses $0

Program Expenses $32,120,563

Other Expenses $23,026,957

TOTAL EXPENSES $34,092,692

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,865,039	$28,029,926	+0.1%
Expenses	$34,092,692	$29,306,927	+0.2%
Net Income	$-2,227,653	$-1,277,001	+0.7%

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

N/A

Employees

157

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

$502,314

Total Directors

$502,314

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY ANDRZJEWESKI MD	SECRETARY	40.00	Officer Director	$200,595	$4,043	$204,638
RAKESH MAGUN MD	TREASURER	40.00	Officer Director	$267,299	$5,377	$272,676
DANIEL WOO	PRESIDENT - 12/1/24 - PRESENT	40.00	Officer Director	$25,000	$0	$25,000
ARIE WEINSTOCK MD	NEUROLOGIST	40.00	Highest	$447,513	$8,981	$456,494
KHALID KAKISH	NEUROLOGIST	40.00	Highest	$320,185	$6,435	$326,620
PING LI MD	NEUROLOGIST	40.00	Highest	$314,906	$6,329	$321,235
AMIT KANDEL MD	NEUROLOGIST	40.00	Highest	$412,109	$8,273	$420,382
ROBERT GLOVER MD	NEUROLOGIST	40.00	Highest	$316,513	$6,361	$322,874
GIL I WOLFE MD	FORMER PRESIDENT - 1/1/24-6/30/24	40.00		$154,952	$3,130	$158,082

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
2024	$31,865,039	$34,092,692	$8,070,012	$-2,227,653
2023	$28,029,926	$29,306,927	$7,257,785	$-1,277,001
2022	$24,799,398	$25,256,264	$6,548,547	$-456,866
2021	$21,710,139	$22,304,232	$5,475,460	$-594,093
2020	$19,964,723	$18,900,318	$5,257,423	$1,064,405
2019	$19,635,908	$19,303,266	$4,459,910	$332,642
2018	$18,390,249	$18,655,937	$3,950,866	$-265,688

UNIVERSITY NEUROLOGY INC