UNIVERSITY AT BUFFALO OTOLARYNGOLO… - 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

2003

Legal Domicile

Principal Officer

STEVEN SCHWAITZBERG

Phone

7168845102

Tax Period

2024-01-01 to 2024-12-31

UNIVERSITY AT BUFFALO OTOLARYNGOLOGY INC, founded in 2003, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2024. Expenses of $5.0M left a modest 5% surplus.

Mission

TO PROVIDE OTOLARYNGOLOGY TREATMENT, EDUCATION, AND RESEARCH FOR THE WESTERN NEW YORK COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $4,393,094 Revenue: $4,884,516

PATIENT HEALTH CARE: TREATED A LARGE NUMBER OF WESTERN NEW YORK PATIENTS WITH BOTH MEDICAL AND SURGICAL CARE.

Program 2

Expenses: $287,503 Revenue: $323,557

ACADEMIC PROGRAMS: TRAINED RESIDENTS DURING THE YEAR, AND OVER 50 MEDICAL STUDENTS IN OTOLARYNGOLOGY, PROVIDED A VENUE FOR QUALITY IMPROVEMENT FOR COMMUNITY OTOLARYNGOLOGISTS.

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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 $0

Program Service Revenue $5,208,073

Investment Income $50,278

Other Revenue $11,273

TOTAL REVENUE $5,269,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,377,376

Fundraising Expenses $0

Program Expenses $4,680,597

Other Expenses $1,618,714

TOTAL EXPENSES $4,996,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,269,624	$5,497,645	0.0%
Expenses	$4,996,090	$5,263,865	-0.1%
Net Income	$273,534	$233,780	+0.2%

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

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

$1,340,432

Total Directors

$1,862,932

Key Employees

$268,356

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SHERRIS MD	PRESIDENT	40.00	Officer Director	$803,432	$66,000	$869,432
MARK NAGY MD	SECRETARY/TREASURER	40.00	Officer Director	$405,000	$66,000	$471,000
MICHAEL PIZZUTO MD	DIRECTOR	40.00	Director	$506,000	$16,500	$522,500
MICHELE CARR MD	PHYSICIAN	40.00	Key Emp	$255,000	$13,356	$268,356
LISA SHERRIS	PRACTICE MANAGER	40.00	Highest	$355,000	$43,500	$398,500

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	No data	No data	No data	No data
2024	$5,269,624	$4,996,090	$1,877,338	$273,534
2023	$5,497,645	$5,263,865	$1,703,618	$233,780
2022	$4,888,974	$4,707,616	$1,516,711	$181,358
2021	$5,038,737	$4,718,107	$799,618	$320,630
2020	$3,896,574	$4,110,819	$685,084	$-214,245
2019	$4,261,097	$4,444,795	$614,409	$-183,698
2018	$4,247,001	$4,296,394	$754,133	$-49,393

UNIVERSITY AT BUFFALO OTOLARYNGOLOGY INC