Overview
What is Sb Clinical Practice Management Plan Inc?
Sb Clinical Practice Management Plan Inc is a nonprofit organization located in Stony Brook, New York. Their primary role involves managing the clinical practice income of faculty members at the Medical School of the State University of New York at Stony Brook. The organization is responsible for the collection and disbursement of clinical practice earnings, ensuring the efficient distribution of revenues to the concerned individuals. This arrangement aids in streamlining the financial aspects of the faculty members' clinical practices.
What are the reviews and ratings of this charity?
Charity Navigator Rating 64% - Two-Star out of Four Star rating
Sb Clinical Practice Management Plan Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The organization's score reflects a lack of independent board members and missing essential transparency elements such as a website listed on its tax form and tax documents on its website. While they do have strong audit and oversight practices and have no material diversion of assets, these governance issues are significant.
The organization demonstrates a strong commitment to its programs, as evidenced by a program expense ratio of 97.81%. This indicates that a substantial portion of their expenditures is directed towards their charitable activities, which is a positive aspect of their financial management. However, the liabilities to assets ratio of 99.50% raises red flags about financial stability and sustainability.
While the organization has established policies for conflict of interest, whistleblower protection, and document retention, the overall rating suggests that improvements are necessary to enhance governance and transparency. Strengthening their board independence and addressing the identified gaps could significantly bolster their accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Sb Clinical Practice Management Plan Inc legitimate?
Sb Clinical Practice Management Plan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sb Clinical Practice Management Plan Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $116,729,381
For more financial information, click here
What is the mission statement of Sb Clinical Practice Management Plan Inc?
Sb Clinical Practice Management Plan Inc is dedicated to effectively managing the clinical practice income of faculty members at a medical school. Their mission is to streamline the collection and disbursement process of clinical practice revenues for these individuals. By doing so, they contribute significantly to the financial management of the medical faculty, ensuring a smooth operation of their clinical practices. This allows the faculty members to focus on delivering quality healthcare services to their patients.
What is the revenue of Sb Clinical Practice Management Plan Inc?
Sb Clinical Practice Management Plan Inc's revenue in 2024 was $290,150,525.
Who are the executives of Sb Clinical Practice Management Plan Inc and what are their salaries?
Here are 19 key members and their salaries:
- Compensation: $0
- Related: $635,857
- Other: $91,002
- Compensation: $0
- Related: $1,627,842
- Other: $109,552
- Compensation: $0
- Related: $740,138
- Other: $80,931
- Compensation: $0
- Related: $170,706
- Other: $0
- Compensation: $0
- Related: $814,068
- Other: $56,582
- Compensation: $0
- Related: $1,521,820
- Other: $108,074
- Compensation: $0
- Related: $808,923
- Other: $78,081
- Compensation: $0
- Related: $1,100,730
- Other: $90,776
- Compensation: $0
- Related: $1,350,917
- Other: $83,389
- Compensation: $0
- Related: $670,986
- Other: $108,645
- Compensation: $0
- Related: $296,650
- Other: $51,420
- Compensation: $0
- Related: $887,646
- Other: $81,296
- Compensation: $0
- Related: $841,339
- Other: $103,405
- Compensation: $0
- Related: $317,461
- Other: $49,627
- Compensation: $0
- Related: $780,426
- Other: $88,409
- Compensation: $0
- Related: $853,579
- Other: $98,407
- Compensation: $0
- Related: $1,107,860
- Other: $110,679
- Compensation: $0
- Related: $686,360
- Other: $62,940
- Compensation: $0
- Related: $1,087,998
- Other: $108,784
Where can I find the form 990 for Sb Clinical Practice Management Plan Inc?
Sb Clinical Practice Management Plan Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Sb Clinical Practice Management Plan Inc
Sb Clinical Practice Management Plan Inc plays a vital role in managing the clinical practice income for faculty members at the Medical School of the State University of New York at Stony Brook. The organization is responsible for the efficient collection and disbursement of clinical practice revenues for these faculty members.
In simplified terms, Sb Clinical Practice Management Plan Inc serves as a crucial intermediary between the faculty members and the financial transactions related to their clinical practices. Its mission is to ensure the smooth and effective management of these financial matters, enabling the faculty members to focus on delivering high-quality healthcare services to their patients.
By assuming the responsibility for clinical practice income collection and disbursement, Sb Clinical Practice Management Plan Inc alleviates the administrative burden of financial management for the faculty members. This arrangement allows them to dedicate more time and energy to their primary roles as educators and healthcare professionals. Additionally, it contributes to the overall efficiency of the medical school's clinical practice operations.
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Impact
October, 2024
Sb Clinical Practice Management Plan Inc plays a crucial role in facilitating the financial aspects of clinical practice for faculty members at the State University of New York at Stony Brook's medical school. By managing the collection and disbursement of clinical practice income, the organization ensures that faculty members can concentrate on their core responsibilities—providing quality healthcare and education—without being overwhelmed by financial administrative tasks.
The impact is significant, as efficient management of clinical income supports the sustainability of medical practice, enhances faculty morale, and ultimately contributes to better healthcare outcomes for patients. This streamlined financial process enables faculty to engage more fully in their clinical duties and educational roles, promoting a vibrant medical community that benefits both practitioners and the patients they serve. This structured approach not only fosters faculty development but also ensures that the clinical services provided are of high quality, reflecting the institution's commitment to healthcare excellence.
This information is meant to be a general summary of Sb Clinical Practice Management Plan Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $22,349
- Program Service Revenue: $290,073,170
- Gross Receipts: $290,181,322
Assets and Liabilities:
- Total Assets: $127,384,073
- Total Liabilities: $125,596,825
- Net Assets: $1,787,248
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$282,975,718
RENTAL
Revenue
$1,891,159
MEDICARE SHARED SAVINGS PROGRAM
Revenue
$5,206,293
Organization Details
Founding Year
2013
Principal Officer
Raphael Davis Md
NTEE Category
Code: E99 - Health
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