Civic Intelligence

University Neurology Inc

EIN 16-1359213 • 501(c)3 • Buffalo, NY

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Profile

To advance the health and wellness across the life span for the people of western new york and the world through the education of tomorrow's leaders in health care and biomedical sciences, innovative research, and outstanding clinical care. In keeping with the institutional mission, the department of neurology strives to:1. Improve neurologic care for the people and communities of western new york and beyond2. Educate the next generation of neurology health care providers through our medical student clerkship and adult and child neurology residency and fellowship training programs3. Conduct high-impact, nationally and internationally-recognized research and clinical investigation

77 Goodell StreetBuffalo, NY 14203

ubmd.com

Siviq Scores

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

Liabilities / Assets

98th percentile

1.35x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

55th percentile

0.34x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

20th percentile

-7.0%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

14%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$8,070,012

Up $812,227 (+11%) from 2023

Liabilities

Up

$10,872,810

Up $3,039,880 (+39%) from 2023

Net Assets

Down

-$2,802,798

Down $2,227,653 (-387%) from 2023

Operations
Liabilities / Revenue55th percentileNet Margin20th percentile

Revenue

Up

$31,865,039

Up $3,835,113 (+14%) from 2023

Expenses

Up

$34,092,692

Up $4,785,765 (+16%) from 2023

Net Income

Down

-$2,227,653

Down $950,652 (-74%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth67th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $2,341,792Liabilities 2010: $4,662,860Net Assets 2010: -$2,321,0682010Assets 2011: $1,667,732Liabilities 2011: $4,702,399Net Assets 2011: -$3,034,6672011Assets 2012: $4,991,748Liabilities 2012: $4,968,863Net Assets 2012: $22,8852012Assets 2013: $2,658,656Liabilities 2013: $2,835,306Net Assets 2013: -$176,6502013Assets 2014: $2,559,562Liabilities 2014: $2,754,230Net Assets 2014: -$194,6682014Assets 2015: $2,636,226Liabilities 2015: $2,587,195Net Assets 2015: $49,0312015Assets 2016: $3,204,120Liabilities 2016: $2,821,019Net Assets 2016: $383,1012016Assets 2017: $3,836,991Liabilities 2017: $3,227,261Net Assets 2017: $609,7302017Assets 2018: $3,950,866Liabilities 2018: $3,599,824Net Assets 2018: $351,0422018Assets 2019: $4,459,910Liabilities 2019: $3,776,226Net Assets 2019: $683,6842019Assets 2020: $5,257,423Liabilities 2020: $3,509,334Net Assets 2020: $1,748,0892020Assets 2021: $5,475,460Liabilities 2021: $4,321,464Net Assets 2021: $1,153,9962021Assets 2022: $6,548,547Liabilities 2022: $5,846,691Net Assets 2022: $701,8562022Assets 2023: $7,257,785Liabilities 2023: $7,832,930Net Assets 2023: -$575,1452023Assets 2024: $8,070,012Liabilities 2024: $10,872,810Net Assets 2024: -$2,802,7982024

Highlighted filing

2024

Assets$8,070,012
Liabilities$10,872,810
Net Assets-$2,802,798
Open 2024 Filing

Operations Trend

Revenue Growth64th percentile

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $15,091,1062010Revenue 2011: $13,635,936Expenses 2011: $14,349,535Net Income 2011: -$713,5992011Expenses 2012: $13,072,7962012Revenue 2013: $13,424,398Expenses 2013: $13,507,406Net Income 2013: -$83,0082013Revenue 2014: $13,774,556Expenses 2014: $13,792,574Net Income 2014: -$18,0182014Revenue 2015: $14,545,431Expenses 2015: $14,301,732Net Income 2015: $243,6992015Revenue 2016: $15,887,747Expenses 2016: $15,553,677Net Income 2016: $334,0702016Revenue 2017: $16,795,318Expenses 2017: $16,568,689Net Income 2017: $226,6292017Revenue 2018: $18,390,249Expenses 2018: $18,655,937Net Income 2018: -$265,6882018Revenue 2019: $19,635,908Expenses 2019: $19,303,266Net Income 2019: $332,6422019Revenue 2020: $19,964,723Expenses 2020: $18,900,318Net Income 2020: $1,064,4052020Revenue 2021: $21,710,139Expenses 2021: $22,304,232Net Income 2021: -$594,0932021Revenue 2022: $24,799,398Expenses 2022: $25,256,264Net Income 2022: -$456,8662022Revenue 2023: $28,029,926Expenses 2023: $29,306,927Net Income 2023: -$1,277,0012023Revenue 2024: $31,865,039Expenses 2024: $34,092,692Net Income 2024: -$2,227,6532024

Highlighted filing

2024

Revenue$31,865,039
Expenses$34,092,692
Net Income-$2,227,653
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$8,070,012
Liabilities
$10,872,810
Net assets
-$2,802,798
Revenue
$31,865,039
Expenses
$34,092,692
Net income
-$2,227,653
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.07$10.9$2.80$31.9$34.1$2.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.26$7.83$0.58$28.0$29.3$1.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.55$5.85$0.70$24.8$25.3$0.46
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.48$4.32$1.15$21.7$22.3$0.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.26$3.51$1.75$20.0$18.9$1.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.46$3.78$0.68$19.6$19.3$0.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.95$3.60$0.35$18.4$18.7$0.27
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.84$3.23$0.61$16.8$16.6$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$2.82$0.38$15.9$15.6$0.33
2015Detailed filing. Detailed filing data is available for this year.$2.64$2.59$0.05$14.5$14.3$0.24
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.56$2.75$0.19$13.8$13.8$0.02
2013Detailed filing. Detailed filing data is available for this year.$2.66$2.84$0.18$13.4$13.5$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.99$4.97$0.02$13.1
2011Summary only. Only limited summary data is available for this year.$1.67$4.70$3.03$13.6$14.3$0.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$4.66$2.32$15.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 23, 2025
Return Version
2024v5.2
Gross Receipts
$31,865,039
Mission and Program Overview

Mission

To advance the health and wellness across the life span for the people of western new york and the world through the education of tomorrow's leaders in health care and biomedical sciences, innovative research, and outstanding clinical care. In keeping with the institutional mission, the department of neurology strives to:1. Improve neurologic care for the people and communities of western new york and beyond2. Educate the next generation of neurology health care providers through our medical student clerkship and adult and child neurology residency and fellowship training programs3. Conduct high-impact, nationally and internationally-recognized research and clinical investigation

To advance the health and wellness across the life span for the people of western new york and the world through the education of tomorrow's leaders in health care and biomedical sciences, innovative research, and outstanding clinical care. In keeping with the institutional mission, the department of neurology strives to:1. Improve neurologic care for the people and communities of western new york and beyond.2. Educate the next generation of neurology health care providers through our medical student clerkship and adult and child neurology resdiency and fellowship training programs.3. Conduct high-impact, nationally and internationally-recognized research and clinical investigation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$3,790,596$4,835,497▲ $1,044,901
Inventories for Sale or Use$520,246$616,008▲ $95,762
Land, Buildings, and Equipment, Net$572,676$560,615▼ $12,061
Savings and Temporary Cash Investments$206,911$496,888▲ $289,977
Prepaid Expenses and Deferred Charges$79,172$136,372▲ $57,200
Cash and Non-Interest-Bearing Accounts$167,235$7,003▼ $160,232
Total Assets$7,257,785$8,070,012▲ $812,227
Other Assets Total$1,920,949$1,417,629▼ $503,320
Liabilities
Accounts Payable and Accrued Expenses$5,074,676$8,791,655▲ $3,716,979
Other Liabilities$2,758,254$2,081,155▼ $677,099
Total Liabilities$7,832,930$10,872,810▲ $3,039,880
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,278$4,227▼ $1,051
Net Assets Without Donor Restrictions$-580,423$-2,807,025▼ $2,226,602
Total Net Assets Fund Balance$-575,145$-2,802,798▼ $2,227,653
Total Liabilities and Net Assets / Fund Balance$7,257,785$8,070,012▲ $812,227

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$98,247$451,688$549,935
Equipment$221,084$297,527$518,611
Leasehold Improvements$241,284$198,926$440,210
Other Assets Org$1,296,085--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Arie Weinstock MdNeurologistFT$447,513$8,981$456,494
Amit Kandel MdNeurologistFT$412,109$8,273$420,382
Khalid KakishNeurologistFT$320,185$6,435$326,620
Robert Glover MdNeurologistFT$316,513$6,361$322,874
Ping Li MdNeurologistFT$314,906$6,329$321,235
Rakesh Magun MdTreasurerFT$267,299$5,377$272,676
Kelly Andrzjeweski MdSecretaryFT$200,595$4,043$204,638
Gil I Wolfe MdFormer President - 1/1/24-6/30/24FT$154,952$3,130$158,082
Daniel WooPresident - 12/1/24 - PresentFT$25,000-$25,000
Revenue and Support

Revenue Composition

Contributions and Grants
$179,717
Program Service Revenue
$31,657,157
Investment Income
$23,205
Other Revenue
$4,960
All Other Contributions
$179,717
Change in Net Assets
$-2,227,653

Audited Revenue Reconciliation

Revenue per Audited Statements
$31,865,039
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$31,865,039
Total Revenue per Form 990
$31,865,039
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,026,957
Salaries, Compensation, and Employee Benefits$11,065,735
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,026,714$1,197,628-$9,224,342
Payroll Taxes$622,047$61,521-$683,568
Occupancy$601,576$52,311-$653,887
Current Officers, Directors, Trustees, and Key Employees$548,105$74,742-$622,847
All Other Expenses$553,112$4,238-$557,350
Insurance$413,534$2,353-$415,887
Other Expenses$391,018$20,579-$411,597
Other Employee Benefits$316,184$31,271-$347,455
Fees for Services Accounting-$282,672-$282,672
Pension Plan Contributions$123,765$63,758-$187,523
Fees for Services Management-$137,745-$137,745
Travel$105,759--$105,759
Depreciation Depletion$85,457$4,498-$89,955
Fees for Services Legal-$37,115-$37,115
Interest$1,974$219-$2,193
Advertising-$1,479-$1,479
Total Functional Expenses$32,120,563$1,972,129$0$34,092,692

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$34,092,692
Total Expenses per Audited Statements$34,092,692
Total Expenses per Form 990$34,092,692
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$1,300,357
CAO'S FUND PAYABLE$734,438
Due to Ub Associates, Inc.$46,360
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
No
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 governing body are subject to ratification by members.”

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

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

Form 990, Part VI, Section B, Line 15

“The executive compensation is governed by article xvi of the state university of new york. University determined ceo compensation in 2019.”

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 Neurology Inc
EIN
16-1359213
Phone
7168782993
Address
77 GOODELL STREET, BUFFALO, NY 14203

Signing Officer

Name
Daniel Woo Md
Title
President
Phone
7168782993
Signed
2025-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Woo Md
Formed
1991
Legal Domicile
Ny
Voting Board Members
31
Independent Board Members
0
Employees
157
Volunteers
0

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 Explanation

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

Raw XML AppendixShowing 400 of 741 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05074676
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt08791655
IRS990/AccountsReceivableGrp/BOYAmt03790596
IRS990/AccountsReceivableGrp/EOYAmt04835497
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ADVANCE THE HEALTH AND WELLNESS ACROSS THE LIFE SPAN FOR THE PEOPLE OF WESTERN NEW YORK AND THE WORLD THROUGH THE EDUCATION OF TOMORROW'S LEADERS IN HEALTH CARE AND BIOMEDICAL SCIENCES, INNOVATIVE RESEARCH, AND OUTSTANDING CLINICAL CARE. IN KEEPING WITH THE INSTITUTIONAL MISSION, THE DEPARTMENT OF NEUROLOGY STRIVES TO:1. IMPROVE NEUROLOGIC CARE FOR THE PEOPLE AND COMMUNITIES OF WESTERN NEW YORK AND BEYOND.2. EDUCATE THE NEXT GENERATION OF NEUROLOGY HEALTH CARE PROVIDERS THROUGH OUR MEDICAL STUDENT CLERKSHIP AND ADULT AND CHILD NEUROLOGY RESDIENCY AND FELLOWSHIP TRAINING PROGRAMS.3. CONDUCT HIGH-IMPACT, NATIONALLY AND INTERNATIONALLY-RECOGNIZED RESEARCH AND CLINICAL INVESTIGATION.
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IRS990/AdvertisingGrp/TotalAmt01479
IRS990/AllOtherContributionsAmt0179717
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IRS990/AllOtherExpensesGrp/TotalAmt0557350
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/PhoneNum07168782993
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IRS990/BooksInCareOfDetail/USAddress/CityNm0BUFFALO
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IRS990/DepreciationDepletionGrp/TotalAmt089955
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IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt0157
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IRS990/FeesForServicesLegalGrp/TotalAmt037115
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IRS990/Form990PartVIISectionAGrp/PersonNm1RAKESH MAGUN MD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT - 12/1/24 - PRESENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3NEUROLOGIST
IRS990/Form990PartVIISectionAGrp/TitleTxt4NEUROLOGIST
IRS990/Form990PartVIISectionAGrp/TitleTxt5NEUROLOGIST
IRS990/Form990PartVIISectionAGrp/TitleTxt6NEUROLOGIST
IRS990/Form990PartVIISectionAGrp/TitleTxt7NEUROLOGIST
IRS990/Form990PartVIISectionAGrp/TitleTxt8FORMER PRESIDENT - 1/1/24-6/30/24
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IRS990/MissionDesc0TO ADVANCE THE HEALTH AND WELLNESS ACROSS THE LIFE SPAN FOR THE PEOPLE OF WESTERN NEW YORK AND THE WORLD THROUGH THE EDUCATION OF TOMORROW'S LEADERS IN HEALTH CARE AND BIOMEDICAL SCIENCES, INNOVATIVE RESEARCH, AND OUTSTANDING CLINICAL CARE. IN KEEPING WITH THE INSTITUTIONAL MISSION, THE DEPARTMENT OF NEUROLOGY STRIVES TO:1. IMPROVE NEUROLOGIC CARE FOR THE PEOPLE AND COMMUNITIES OF WESTERN NEW YORK AND BEYOND2. EDUCATE THE NEXT GENERATION OF NEUROLOGY HEALTH CARE PROVIDERS THROUGH OUR MEDICAL STUDENT CLERKSHIP AND ADULT AND CHILD NEUROLOGY RESIDENCY AND FELLOWSHIP TRAINING PROGRAMS3. CONDUCT HIGH-IMPACT, NATIONALLY AND INTERNATIONALLY-RECOGNIZED RESEARCH AND CLINICAL INVESTIGATION
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