SYRACUSE HEALTH SCIENCE CENTER MEDICAL ALUMNI FOUNDATION INC

EIN: 166038703 501(c)(3)

SYRACUSE, NY

Total Revenue
$15,190,386
Total Expenses
$3,637,568
Total Assets
$70,521,037
Net Assets
$68,670,448
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
NY
Principal Officer
PAUL E NORCROSS
Phone
3154644362
Tax Period
2024-10-01 to 2025-09-30

SYRACUSE HEALTH SCIENCE CENTER MEDICAL ALUMNI FOUNDATION INC, founded in 1959, is a mid-sized nonprofit that reported $15.2M in total revenue in fiscal year 2024. Revenue surged 336% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.6M, a strong 76% operating margin.

Mission

THE MEDICAL ALUMNI FOUNDATION'S PURPOSE IS TO SUPPORT THE GOALS OF THE UPSTATE MEDICAL UNIVERSITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,394,943
Program Service Revenue $0
Investment Income $2,761,113
Other Revenue $34,330
TOTAL REVENUE $15,190,386

Expense Breakdown

Grants Paid $2,528,307
Salaries & Benefits $0
Fundraising Expenses $318,453
Program Expenses $2,854,099
Other Expenses $1,109,261
TOTAL EXPENSES $3,637,568

Year-over-Year Comparison

2024 2023 Change
Revenue $15,190,386 $3,484,974 +3.4%
Expenses $3,637,568 $2,574,496 +0.4%
Net Income $11,552,818 $910,478 +11.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
25
Employees
N/A
Volunteers
41

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
5
$160,067
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS D DALY BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE L STANLEY JR BOARD MEMBER 1.00
Director
$0 $0 $0
MANTOSH J DEWAN BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT H HILL III BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD M CANTOR BOARD MEMBER 1.00
Director
$0 $0 $0
DANIELLE A KATZ VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JAMES A TERZIAN SECRETARY 1.00
Officer Director
$0 $0 $0
RALPH L STEVENS BOARD MEMBER 1.00
Director
$0 $0 $0
K BRUCE SIMMONS BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES J RYAN III BOARD MEMBER 1.00
Director
$0 $0 $0
AMY L REYNDERS BOARD MEMBER 1.00
Director
$0 $0 $0
MARK S PERSKY BOARD MEMBER 1.00
Director
$0 $0 $0
PETER CHRISTIANO BOARD MEMBER 1.00
Director
$0 $0 $0
BARBARA CLAYTON-LUTZ BOARD MEMBER 1.00
Director
$0 $0 $0
BRUCE M LESLIE BOARD MEMBER 1.00
Director
$0 $0 $0
BARBARA JONES CONNOR TREASURER 1.00
Officer Director
$0 $0 $0
RUTH H HART BOARD MEMBER 1.00
Director
$0 $0 $0
DOUGLAS W HALLIDAY BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN J GAFFNEY BOARD MEMBER 1.00
Director
$0 $0 $0
MARK S ERLEBACHER BOARD MEMBER 1.00
Director
$0 $0 $0
BARBARA A MORISSEAU BOARD MEMBER 1.00
Director
$0 $0 $0
LARRY S CHARLAMB BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT A DRACKER PRESIDENT 1.00
Officer Director
$0 $0 $0
KIRSTEN P MAGOWAN BOARD MEMBER 1.00
Director
$0 $0 $0
SAMANTHA F JONES BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL E NORCROSS EXECUTIVE DIRECTOR 40.00
Officer
$0 $36,116 $160,067
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 $15,190,386 $3,637,568 $70,521,037 $11,552,818
2024 $3,484,974 $2,574,496 $58,221,117 $910,478
2023 $3,252,934 $2,009,949 $52,684,774 $1,242,985
2022 $25,764,011 $2,235,822 $50,640,765 $23,528,189
2021 $4,172,517 $1,902,571 $32,559,440 $2,269,946
2020 $4,045,669 $1,732,492 $27,530,813 $2,313,177
2019 $2,886,129 $1,627,410 $25,558,688 $1,258,719
2018 $4,200,287 $1,683,435 $24,242,598 $2,516,852
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