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Stony Brook Urology University Faculty Practice Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 112644371 ✦ Stony brook, NY ✦ Designated as a 501(c)(3)

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Overview

What is Stony Brook Urology University Faculty Practice Corporation?

Stony Brook Urology University Facility Practice Corporation is a nonprofit organization based in Stony Brook, New York, with a PO Box address (1554). They specialize in the field of Urology, providing professional services to patients while also offering clinical instruction and supervision to medical students, interns, and residents from the School of Medicine. Their mission is geared towards imparting knowledge and practical experience to the next generation of healthcare professionals, ultimately contributing to the advancement of urological care. With a workforce of 24 employees, they remain dedicated to their mission.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 64%)

Stony Brook Urology University Faculty Practice Corporation has been rated as needing improvement, which indicates that there are significant areas of concern regarding its governance and accountability. Notably, the organization has a lack of independent board members, which could impact decision-making processes and transparency. Although it scores well in specific areas such as financial oversight and policies regarding conflict of interest and whistleblower protections, the absence of independent oversight raises questions about its overall governance structure.

Financially, the organization demonstrates a high program expense ratio of 88.86%, indicating that a significant portion of its funds is directed towards its programs. However, it faces challenges with a liabilities-to-assets ratio of 100%, which suggests it may be over-leveraged or lacking sufficient financial stability. The absence of financial statements on its website further diminishes transparency, and this could deter potential donors or stakeholders from fully understanding the organization’s financial health.

Despite these issues, Stony Brook Urology has a solid foundation in terms of documented policies and the maintenance of board meeting minutes. The noted areas for improvement highlight the need for transparency and independent governance, which are essential for building trust with the community and ensuring the organization's long-term sustainability.


This AI summary has been generated from information found on Charity Navigator.

Is Stony Brook Urology University Faculty Practice Corporation legitimate?

Stony Brook Urology University Faculty Practice Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stony Brook Urology University Faculty Practice Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,592,318
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,051,504

For more financial information, click here

What is the mission statement of Stony Brook Urology University Faculty Practice Corporation?

The Stony Brook Urology University Faculty Practice Corporation focuses on delivering clinical instruction and supervision to medical students, interns, and residents in the field of Urology. In doing so, they offer professional services to patients. Their primary mission is to contribute to the education and training of the next generation of doctors in Urology, ultimately improving patient care through their expertise and guidance. By providing a hands-on learning experience, this organization prepares future healthcare professionals to tackle challenges in the medical community. In addition, they continue to serve patients, ensuring top-quality urological care is accessible.

Who is the CEO of Stony Brook Urology University Faculty Practice Corporation?

Wayne Waltzer Md is the President & Director of Stony Brook Urology University Faculty Practice Corporation.

What is the revenue of Stony Brook Urology University Faculty Practice Corporation?

Stony Brook Urology University Faculty Practice Corporation's revenue in 2022 was $15,404,251.

Who are the executives of Stony Brook Urology University Faculty Practice Corporation and what are their salaries?

The average compensation at Stony Brook Urology University Faculty Practice Corporation during 2022 was $235,159. There are 24 employees at Stony Brook Urology University Faculty Practice Corporation.


Here are 8 key members and their salaries:


Wayne Waltzer (President & Director)
  • Compensation: $749,998
  • Related: $275,086
  • Other: $98,772
Frank Darras (Urologist)
  • Compensation: $499,660
  • Related: $236,228
  • Other: $86,889
Jason Kim (Director)
  • Compensation: $601,458
  • Related: $67,707
  • Other: $53,234
Steven Weissbart (Urologist)
  • Compensation: $471,429
  • Related: $55,626
  • Other: $58,373
David Schulsinger (Urologist)
  • Compensation: $402,445
  • Related: $92,086
  • Other: $67,523
Massimiliano Spaliviero (Urologist)
  • Compensation: $359,794
  • Related: $58,114
  • Other: $57,497
David Peters (Urologist)
  • Compensation: $298,736
  • Related: $55,626
  • Other: $58,653
Robert Wasnick (Director/Secretary/Treasurer)
  • Compensation: $151,831
  • Related: $153,896
  • Other: $63,634
Where can I find the form 990 for Stony Brook Urology University Faculty Practice Corporation?

Stony Brook Urology University Faculty Practice Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Stony Brook Urology University Faculty Practice Corporation

Stony Brook Urology University Faculty Practice Corporation, a renowned organization in the medical field, is dedicated to delivering clinical instruction and supervision to the next generation of medical professionals. This esteemed corporation consists of experienced urologists who mentor and guide medical students, interns, and residents, providing them with the necessary skills and knowledge to excel in their field.

In the course of imparting knowledge, Stony Brook Urology University Facility Practice Corporation also offers professional services to patients, drawing on the extensive expertise of its seasoned medical team. The organization's commitment to both education and patient care is interconnected, as each experience enriches the other, ultimately contributing to the advancement of urology and the well-being of those seeking treatment.

Through rigorous training and hands-on experience, the future medical practitioners under Stony Brook Urology University Faculty Practice Corporation's tutelage develop a deep understanding of urological conditions and the latest diagnostic and therapeutic techniques. Alongside the acquisition of technical skills, they learn to approach patient care with empathy and compassion, ensuring they are well-equipped to make a positive impact on their future patients' lives.

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Impact




October, 2024

Stony Brook Urology University Faculty Practice Corporation significantly enhances the field of urology through its commitment to clinical education and patient care. By providing hands-on clinical instruction and supervision, the organization plays a crucial role in training the next generation of medical professionals, including medical students, interns, and residents.

In addition to its educational mission, Stony Brook Urology delivers specialized urological services to patients, ensuring they receive high-quality care. This dual focus on education and patient services not only advances medical expertise but also contributes to the overall health of the community in Stony Brook, NY, and beyond. The integration of teaching and clinical practice fosters a dynamic learning environment that prepares future healthcare providers while promoting innovative practices in urology.




This information is meant to be a general summary of Stony Brook Urology University Faculty Practice Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$15,404,251 (2022)
Expenses
$15,435,202 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $15,366,086
  • Gross Receipts: $15,404,251

Assets and Liabilities:

  • Total Assets: $3,313,853
  • Total Liabilities: $3,313,853
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PATIENT SERVICE REVENUE

Revenue

$15,366,086

Organization Details

Founding Year

1983

Principal Officer

Wayne Waltzer Md

Main Address

PO Box 1554, Stony Brook, NY, 11790

NTEE Category

Code: E20 - Health

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