SYRACUSE HEALTH SCIENCE CENTER MED… - Form 990 Financial Data

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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

1959

Legal Domicile

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 STATE UNIVERSITY OF NEW YORK UPSTATE MEDICAL UNIVERSITY AND THE ALAN AND MARLENE NORTON COLLEGE OF MEDICINE, TO ENHANCE EXCELLENCE OF THE EDUCATIONAL ENVIRONMENT AND TO PROMOTE COLLEGIALITY AMONG ALUMNI.

Program Service Accomplishments

Program 1

Expenses: $2,854,099 Revenue: $34,330

THE SYRACUSE HEALTH SCIENCE CENTER MEDICAL ALUMNI FOUNDATION, INC. (THE FOUNDATION) IS A NEW YORK STATE NONPROFIT CORPORATION ESTABLISHED TO RECEIVE AND ADMINISTER GIFTS AND BEQUESTS. THE MISSION OF THE FOUNDATION IS CARRIED OUT BY AWARDING SCHOLARSHIPS TO CURRENT AND PROSPECTIVE STUDENTS OF SUNY UPSTATE MEDICAL UNIVERSITY, GRANTING ENDOWMENTS AS WELL AS SUPPORTING ACTIVITIES AND STUDENT PROGRAMS THROUGH VARIOUS GIFTS AND CONTRIBUTIONS DONATED THROUGHOUT THE YEAR FOR THE BENEFIT OF SUNY 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%)

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

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

N/A

Volunteers

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

$160,067

Total Directors

Key Employees

Highest Compensated

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

SYRACUSE HEALTH SCIENCE CENTER MEDICAL ALUMNI FOUNDATION INC