Civic Intelligence

University at Buffalo Neurosurgery Inc

EIN 03-0445678 • 501(c)3 • Williamsville, NY

View Organization Page

Profile

University at buffalo neurosurgery, inc. Is an academic neurosurgical group committed to excellence in patient care, research, and education. Our mission is to develop and implement sound strategies that focus on quality medical services, strong academic performance and innovative research by fostering relationships with the jacobs school of medicine at the state university of new york at buffalo.

40 George Karl Blvd Suite 200Williamsville, NY 14221

www.ubns.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.50x

Higher debt load relative to assets than 63% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

0.29x

Higher debt load relative to revenue than 49% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Source year 2024

Net Margin

57th percentile

2.3%

Higher net margin than 57% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$2,515,909

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

NTEE E • $50M-$100M nonprofits • Source year 2024

Asset Growth

39th percentile

1.9%

Faster asset growth than 39% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

7.0%

Faster revenue growth than 49% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$29,983,929

Up $567,601 (+1.9%) from 2023

Liabilities

Down

$14,989,046

Down $630,943 (-4.0%) from 2023

Net Assets

Up

$14,994,883

Up $1,198,544 (+8.7%) from 2023

Operations
Liabilities / Revenue49th percentileNet Margin57th percentile

Revenue

Up

$51,682,026

Up $3,362,196 (+7.0%) from 2023

Expenses

Up

$50,486,132

Up $6,554,820 (+15%) from 2023

Net Income

Down

$1,195,894

Down $3,192,624 (-73%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth39th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $3,387,108Liabilities 2010: $536,349Net Assets 2010: $2,850,7592010Assets 2011: $3,504,600Liabilities 2011: $600,515Net Assets 2011: $2,904,0852011Assets 2012: $3,505,339Liabilities 2012: $781,755Net Assets 2012: $2,723,5842012Assets 2013: $3,108,435Liabilities 2013: $936,836Net Assets 2013: $2,171,5992013Assets 2014: $3,598,431Liabilities 2014: $1,158,726Net Assets 2014: $2,439,7052014Assets 2015: $4,717,907Liabilities 2015: $1,238,130Net Assets 2015: $3,479,7772015Assets 2016: $6,573,065Liabilities 2016: $2,530,157Net Assets 2016: $4,042,9082016Assets 2017: $8,390,103Liabilities 2017: $2,463,671Net Assets 2017: $5,926,4322017Assets 2018: $8,161,601Liabilities 2018: $2,462,418Net Assets 2018: $5,699,1832018Assets 2019: $8,519,004Liabilities 2019: $2,318,547Net Assets 2019: $6,200,4572019Assets 2020: $11,635,920Liabilities 2020: $5,079,101Net Assets 2020: $6,556,8192020Assets 2021: $12,581,322Liabilities 2021: $2,324,906Net Assets 2021: $10,256,4162021Assets 2022: $25,987,110Liabilities 2022: $16,579,693Net Assets 2022: $9,407,4172022Assets 2023: $29,416,328Liabilities 2023: $15,619,989Net Assets 2023: $13,796,3392023Assets 2024: $29,983,929Liabilities 2024: $14,989,046Net Assets 2024: $14,994,8832024

Highlighted filing

2024

Assets$29,983,929
Liabilities$14,989,046
Net Assets$14,994,883
Open 2024 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $14,416,8832010Revenue 2011: $14,482,293Expenses 2011: $14,428,967Net Income 2011: $53,3262011Revenue 2012: $16,507,792Expenses 2012: $16,688,293Net Income 2012: -$180,5012012Revenue 2013: $15,843,458Expenses 2013: $16,395,443Net Income 2013: -$551,9852013Revenue 2014: $17,789,000Expenses 2014: $17,520,894Net Income 2014: $268,1062014Revenue 2015: $23,354,777Expenses 2015: $22,314,705Net Income 2015: $1,040,0722015Revenue 2016: $26,453,282Expenses 2016: $25,890,151Net Income 2016: $563,1312016Revenue 2017: $30,741,259Expenses 2017: $28,857,735Net Income 2017: $1,883,5242017Revenue 2018: $33,679,986Expenses 2018: $33,862,072Net Income 2018: -$182,0862018Revenue 2019: $35,470,869Expenses 2019: $34,988,910Net Income 2019: $481,9592019Revenue 2020: $35,844,256Expenses 2020: $35,494,239Net Income 2020: $350,0172020Revenue 2021: $42,255,592Expenses 2021: $38,557,783Net Income 2021: $3,697,8092021Revenue 2022: $41,852,346Expenses 2022: $42,659,369Net Income 2022: -$807,0232022Revenue 2023: $48,319,830Expenses 2023: $43,931,312Net Income 2023: $4,388,5182023Revenue 2024: $51,682,026Expenses 2024: $50,486,132Net Income 2024: $1,195,8942024

Highlighted filing

2024

Revenue$51,682,026
Expenses$50,486,132
Net Income$1,195,894
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,983,929
Liabilities
$14,989,046
Net assets
$14,994,883
Revenue
$51,682,026
Expenses
$50,486,132
Net income
$1,195,894
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$30.0$15.0$15.0$51.7$50.5$1.20
2023Detailed filing. Detailed filing data is available for this year.$29.4$15.6$13.8$48.3$43.9$4.39
2022Detailed filing. Detailed filing data is available for this year.$26.0$16.6$9.41$41.9$42.7$0.81
2021Detailed filing. Detailed filing data is available for this year.$12.6$2.32$10.3$42.3$38.6$3.70
2020Detailed filing. Detailed filing data is available for this year.$11.6$5.08$6.56$35.8$35.5$0.35
2019Detailed filing. Detailed filing data is available for this year.$8.52$2.32$6.20$35.5$35.0$0.48
2018Detailed filing. Detailed filing data is available for this year.$8.16$2.46$5.70$33.7$33.9$0.18
2017Detailed filing. Detailed filing data is available for this year.$8.39$2.46$5.93$30.7$28.9$1.88
2016Detailed filing. Detailed filing data is available for this year.$6.57$2.53$4.04$26.5$25.9$0.56
2015Detailed filing. Detailed filing data is available for this year.$4.72$1.24$3.48$23.4$22.3$1.04
2014Detailed filing. Detailed filing data is available for this year.$3.60$1.16$2.44$17.8$17.5$0.27
2013Detailed filing. Detailed filing data is available for this year.$3.11$0.94$2.17$15.8$16.4$0.55
2012Summary only. Only limited summary data is available for this year.$3.51$0.78$2.72$16.5$16.7$0.18
2011Summary only. Only limited summary data is available for this year.$3.50$0.60$2.90$14.5$14.4$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.39$0.54$2.85$14.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 25, 2025
Return Version
2024v5.2
Gross Receipts
$51,682,026
Mission and Program Overview

Mission

University at buffalo neurosurgery, inc. Is an academic neurosurgical group committed to excellence in patient care, research, and education. Our mission is to develop and implement sound strategies that focus on quality medical services, strong academic performance and innovative research by fostering relationships with the university at buffalo, state university of new york school of medicine & biomedical sciences, and clinical health systems.

University at buffalo neurosurgery, inc. Is an academic neurosurgical group committed to excellence in patient care, research, and education. Our mission is to develop and implement sound strategies that focus on quality medical services, strong academic performance and innovative research by fostering relationships with the jacobs school of medicine at the state university of new york at buffalo.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$6,643,887$7,322,686▲ $678,799
Investments in Publicly Traded Securities$4,648,402$4,030,069▼ $618,333
Cash and Non-Interest-Bearing Accounts$1,632,403$3,009,408▲ $1,377,005
Land, Buildings, and Equipment, Net$2,264,482$2,242,756▼ $21,726
Investments Other Securities$2,024$827,030▲ $825,006
Savings and Temporary Cash Investments$237,103$248,078▲ $10,975
Prepaid Expenses and Deferred Charges$244,118$238,218▼ $5,900
Receivables From Officers Etc$394,142$112,878▼ $281,264
Total Assets$29,416,328$29,983,929▲ $567,601
Other Assets Total$13,349,767$11,952,806▼ $1,396,961
Liabilities
Other Liabilities$13,331,228$11,962,281▼ $1,368,947
Accounts Payable and Accrued Expenses$2,214,679$2,950,485▲ $735,806
Deferred Revenue$55,934$67,127▲ $11,193
Mortgage Notes Payable Secured by Investment Property$18,148$9,153▼ $8,995
Total Liabilities$15,619,989$14,989,046▼ $630,943
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,796,339$14,994,883▲ $1,198,544
Total Net Assets Fund Balance$13,796,339$14,994,883▲ $1,198,544
Total Liabilities and Net Assets / Fund Balance$29,416,328$29,983,929▲ $567,601

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,124,362$803,238$1,927,600
Equipment$799,952$746,783$1,546,735
Other Land Buildings$318,442$771,148$1,089,590
Other Assets Org$57,312--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elad Levy MdPresidentFT$1,211,560$1,304,349$2,515,909
Adnan Siddiqui MdDirectorFT$860,254$1,181,002$2,041,256
Jason Davies MdDirectorFT$607,486$1,210,550$1,818,036
Michael Stoffman MdTreasurerFT$960,411$593,480$1,553,891
Jafar Siddiqui MdDirectorFT$611,505$486,022$1,097,527
Kenneth Snyder MdDirectorFT$815,047$214,067$1,029,114
Irfan Elahi DoDirectorFT$377,316$500,949$878,265
Jeffrey Mullin MdDirectorFT$648,690$222,050$870,740
Richard Spiro MdDirectorFT$800,000$31,050$831,050
Joshua Meyers MdDirectorFT$580,686$187,829$768,515
Gregory Castigilia MdDirectorFT$590,508$161,258$751,766
Hanna Algattas MdDirectorFT$591,617$65,000$656,617
John Fahrbach Iv MdDirectorFT$599,099$42,949$642,048
Renee Reynolds MdDirectorFT$442,394$187,705$630,099
Jonathan Riley MdDirectorFT$581,971$31,050$613,021
John Pollina Jr MdSecretaryFT$546,513$31,050$577,563
Veetai Li MdDirectorFT$438,132$113,550$551,682
Kevin Gibbons MdDirectorFT$427,252$91,050$518,302
Sunil Kukreja MdDirectorFT$456,366$1,647$458,013
Rosalind Lai MdDirectorFT$347,500$52,725$400,225
Assaf Berger MdDirectorFT$374,636-$374,636
Michael CournyeaCEOFT$244,521$113,446$357,967
Douglas Moreland MdVice PresidentFT$143,192$207,582$350,774
Harpreet Dhiman DoDirectorFT$225,781$40,000$265,781
Kevin CuddaheeNurse PractitionerFT$114,585$68,295$182,880
Michele FisherPhysician AssistantFT$157,162$24,593$181,755
Kristin RogersPhysician AssistantFT$116,311$60,683$176,994
Amy FarmerPhysician AssistantFT$134,617$32,551$167,168
Julia GajewskiNurse PractitionerFT$120,257$39,525$159,782
Hope KiankaCFOFT$134,823$11,237$146,060
Kimberly CrangleCOOFT$133,506$10,760$144,266
Revenue and Support

Revenue Composition

Contributions and Grants
$165,547
Program Service Revenue
$49,945,379
Investment Income
$256,667
Other Revenue
$1,314,433
All Other Contributions
$165,547
Change in Net Assets
$1,195,894

Audited Revenue Reconciliation

Revenue per Audited Statements
$51,682,026
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,650
Total Revenue per Audited Statements
$51,684,676
Total Revenue per Form 990
$51,682,026
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$38,762,734
Other Expenses$11,723,398
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$19,538,960$587,850-$20,126,810
Other Salaries and Wages$13,261,160$1,190,029-$14,451,189
Occupancy$1,975,164$493,790-$2,468,954
Insurance$2,021,893$40,824-$2,062,717
Payroll Taxes$1,447,515$160,835-$1,608,350
Pension Plan Contributions$1,234,176$84,786-$1,318,962
Other Employee Benefits$1,131,680$125,743-$1,257,423
All Other Expenses$893,733$329,420-$1,223,153
Travel$554,668$61,630-$616,298
Depreciation Depletion$445,846$111,461-$557,307
Office Expenses$409,095$102,274-$511,369
Other Expenses$246,601$27,400-$274,001
Fees for Services Management-$126,036-$126,036
Advertising$108,360$12,040-$120,400
Fees for Services Legal$57,094$14,274-$71,368
Fees for Services Other$37,516$4,168-$41,684
Fees for Services Accounting$4,579$18,314-$22,893
Interest-$355-$355
Total Functional Expenses$46,901,529$3,584,603$0$50,486,132

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$50,486,132
Total Expenses per Audited Statements$50,486,132
Total Expenses per Form 990$50,486,132
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Organization Board Members Are Part Owners of the Interested PartyThe Organization Rents Space From the Interested Party.No$1,724,837
-The Organization and Physicians Are Co-investors Interested PartyTHE ORGANIZATION HOLDS A 15% OWNERSHIP INTEREST IN THE INTERESTED PARTYNo$825,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$394,142$112,878▼ $281,264
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$11,784,536
CHIEF ADMINISTRATIVE OFFICER'S FUND PAYABLE$177,745
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has members.”

Form 990, Part VI, Section A, Line 7A

“The organization has members that may elect other members to the governing board.”

Form 990, Part VI, Section A, Line 7B

“Certain decisions made by the board of directors are subject to the approval of membership and/or the state university of new york (suny) at buffalo.”

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 was given to each director for review before the 990 was filed. This was done via board meeting and email.”

Form 990, Part VI, Section B, Line 12C

“The organization requires disclosure of any conflicts of interest on an annual basis.”

Form 990, Part VI, Section B, Line 15

“The executive compensation is governed by article xvi of the state university of new york. The board of directors and the plan administrator meet annually to determine compensation. Current salary data, executive surveys, and marketplace comparisons are considered.”

Form 990, Part VI, Section C, Line 18

“The organization makes its governing documents and financial statements available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
University at Buffalo Neurosurgery Inc
EIN
03-0445678
Phone
7162181030
Address
40 GEORGE KARL BLVD SUITE 200, WILLIAMSVILLE, NY 14221

Signing Officer

Name
Dr Elad I Levy
Title
Chairman
Phone
7162181030
Signed
2025-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Elad I Levy
Formed
2002
Legal Domicile
Ny
Voting Board Members
23
Independent Board Members
23
Employees
321
Volunteers
150

Preparer

Firm
Chiampou Travis Besaw & Kershner Llp
Address
45 BRYANT WOODS NORTH, AMHERST, NY 14228
Preparer
Eugene G Kershner
Phone
7166302400
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 1,256 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0UNIVERSITY AT BUFFALO NEUROSURGERY, INC. IS AN ACADEMIC NEUROSURGICAL GROUP COMMITTED TO EXCELLENCE IN PATIENT CARE, RESEARCH, AND EDUCATION. OUR MISSION IS TO DEVELOP AND IMPLEMENT SOUND STRATEGIES THAT FOCUS ON QUALITY MEDICAL SERVICES, STRONG ACADEMIC PERFORMANCE AND INNOVATIVE RESEARCH BY FOSTERING RELATIONSHIPS WITH THE JACOBS SCHOOL OF MEDICINE AT THE STATE UNIVERSITY OF NEW YORK AT BUFFALO.
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