UNIVERSITY NUCLEAR MEDICINE INC (EIN 161528718) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

ROBERT MCCORMACK MD

Phone

7168385889

Tax Period

2023-01-01 to 2023-12-31

UNIVERSITY NUCLEAR MEDICINE INC, founded in 1997, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 236% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 80% operating margin.

Mission

UNIVERSITY NUCLEAR MEDICINE, INC. IS AN ACADEMIC NUCLEAR MEDICINE GROUP COMMITTED TO THE IMPROVEMENT OF THE HEALTH OF OUR PATIENTS, RESEARCH AND THE PROFESSIONAL DEVELOPMENT OF STUDENTS AND RESIDENTS. ITS MISSION FOCUSES ON QUALITY MEDICAL SERVICES, STRONG ACADEMIC PERFORMANCE AND INNOVATIVE RESEARCH BY FOSTERING RELATIONSHIPS WITH THE UNIVERSITY AT BUFFALO, STATE UNIVERSITY OF NEW YORK JACOBS SCHOOL OF MEDICINE AND BIOMEDICAL SCIENCES, AND CLINICAL HEALTH SYSTEMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $279,409

Investment Income $-19,027

Other Revenue $1,169,119

TOTAL REVENUE $1,429,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,449

Fundraising Expenses $0

Program Expenses $241,395

Other Expenses $163,497

TOTAL EXPENSES $282,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,429,501	$425,479	+2.4%
Expenses	$282,946	$438,887	-0.4%
Net Income	$1,146,555	$-13,408	-86.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$54,601

Total Directors

$54,601

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT MILETICH MD	PRESIDENT	40.00	Officer Director	$52,001	$2,600	$54,601

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	$1,429,501	$282,946	$31,643	$1,146,555
2022	$425,479	$438,887	$90,875	$-13,408
2021	$398,269	$526,675	$142,816	$-128,406
2020	$500,863	$658,250	$269,160	$-157,387
2019	$580,340	$711,501	$263,189	$-131,161
2018	$742,755	$825,549	$286,163	$-82,794

UNIVERSITY NUCLEAR MEDICINE INC