UNIVERSITY OPHTHALMOLOGY SERVICES INC (EIN 161492711) - 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

1995

Legal Domicile

Principal Officer

JAMES REYNOLDS MD

Phone

7168817900

Tax Period

2023-01-01 to 2023-12-31

UNIVERSITY OPHTHALMOLOGY SERVICES INC, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $10.9M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $10.4M left a modest 5% surplus.

Mission

UNIVERSITY OPHTHALMOLOGY, INC. IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF SUPPORTING THE EDUCATIONAL MISSION OF THE JACOBS SCHOOL OF MEDICINE AND BIOMEDICAL SCIENCES OF UNIVERSITY AT BUFFALO, STATE UNIVERSITY OF NEW YORK BY PROVIDING CLINICAL INSTRUCTION, SUPERVISION OF STUDENTS, INTERNS, RESIDENTS AND OTHER OPHTHALMIC 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $220,837

Program Service Revenue $9,671,385

Investment Income $174,439

Other Revenue $807,619

TOTAL REVENUE $10,874,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,085,884

Fundraising Expenses $0

Program Expenses $8,422,947

Other Expenses $4,271,788

TOTAL EXPENSES $10,357,672

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,874,280	$8,371,738	+0.3%
Expenses	$10,357,672	$9,238,018	+0.1%
Net Income	$516,608	$-866,280	-1.6%

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

109

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

$996,120

Total Directors

$996,120

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES D REYNOLDS MD	PRESIDENT	40.00	Officer Director	$264,805	$0	$264,805
SANDRA SIEMINSKI MD	VICE PRESIDENT	40.00	Officer Director	$354,960	$9,049	$364,009
ANDREW REYNOLDS MD	SECRETARY/TREASURER	40.00	Officer Director	$358,596	$8,710	$367,306
SHREYA PRABHU MD	PHYSICIAN	40.00	Highest	$279,858	$6,432	$286,290
JOHN LILLVIS MD PHD	PHYSICIAN	40.00	Highest	$262,262	$8,000	$270,262
VAITHEESWARAN LALGUTI MD	PHYSICIAN	40.00	Highest	$242,779	$9,005	$251,784
AVANI DAVE MD	PHYSICIAN	40.00	Highest	$170,771	$12,679	$183,450
BRIAN MADOW MD	PHYSICIAN	40.00	Highest	$355,313	$2,053	$357,366

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	No data	No data	No data	No data
2023	$10,874,280	$10,357,672	$14,199,634	$516,608
2022	$8,371,738	$9,238,018	$14,839,160	$-866,280
2021	$9,615,865	$9,404,731	$5,863,038	$211,134
2020	$7,199,274	$7,875,489	$5,616,800	$-676,215
2019	$9,228,271	$9,210,494	$4,848,174	$17,777
2018	$9,219,358	$9,353,851	$4,870,696	$-134,493

UNIVERSITY OPHTHALMOLOGY SERVICES INC