Civic Intelligence

University at Buffalo Otolaryngology Inc

EIN 20-0194563 • 501(c)3 • Buffalo, NY

Profile

To provide otolaryngology treatment, education, and research for the western new york community.

1237 Delaware AvenueBuffalo, NY 14209

www.ubmd.com

Siviq Scores

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

Liabilities / Assets

77th percentile

0.67x

Higher debt load relative to assets than 77% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

53rd percentile

0.24x

Higher debt load relative to revenue than 53% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Net Margin

54th percentile

5.2%

Higher net margin than 54% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

99th percentile

$869,432

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 16.5% of source-year revenue.

NTEE B • $5M-$10M nonprofits • Source year 2024

Asset Growth

64th percentile

10%

Faster asset growth than 64% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-4.1%

Faster revenue growth than 26% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,877,338

Up $173,720 (+10%) from 2023

Liabilities

Up

$1,251,009

Up $289,014 (+30%) from 2023

Net Assets

Down

$626,329

Down $115,294 (-16%) from 2023

Revenue

Down

$5,269,624

Down $228,021 (-4.1%) from 2023

Expenses

Down

$4,996,090

Down $267,775 (-5.1%) from 2023

Net Income

Up

$273,534

Up $39,754 (+17%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $534,290Liabilities 2010: $155,386Net Assets 2010: $378,9042010Assets 2011: $516,652Liabilities 2011: $274,024Net Assets 2011: $242,6282011Assets 2012: $359,673Liabilities 2012: $137,573Net Assets 2012: $222,1002012Assets 2013: $660,849Liabilities 2013: $288,016Net Assets 2013: $372,8332013Assets 2014: $688,535Liabilities 2014: $311,324Net Assets 2014: $377,2112014Assets 2015: $562,239Liabilities 2015: $314,083Net Assets 2015: $248,1562015Assets 2016: $586,268Liabilities 2016: $372,501Net Assets 2016: $213,7672016Assets 2017: $797,938Liabilities 2017: $344,747Net Assets 2017: $453,1912017Assets 2018: $754,133Liabilities 2018: $350,335Net Assets 2018: $403,7982018Assets 2019: $614,409Liabilities 2019: $394,309Net Assets 2019: $220,1002019Assets 2020: $685,084Liabilities 2020: $679,229Net Assets 2020: $5,8552020Assets 2021: $799,618Liabilities 2021: $473,133Net Assets 2021: $326,4852021Assets 2022: $1,516,711Liabilities 2022: $1,008,868Net Assets 2022: $507,8432022Assets 2023: $1,703,618Liabilities 2023: $961,995Net Assets 2023: $741,6232023Assets 2024: $1,877,338Liabilities 2024: $1,251,009Net Assets 2024: $626,3292024

Highlighted filing

2024

Assets$1,877,338
Liabilities$1,251,009
Net Assets$626,329

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,559,0202010Expenses 2011: $1,528,6222011Revenue 2012: $1,578,513Expenses 2012: $1,599,041Net Income 2012: -$20,5282012Revenue 2013: $3,159,518Expenses 2013: $3,008,785Net Income 2013: $150,7332013Revenue 2014: $3,689,875Expenses 2014: $3,685,497Net Income 2014: $4,3782014Revenue 2015: $3,875,185Expenses 2015: $4,004,240Net Income 2015: -$129,0552015Revenue 2016: $3,988,309Expenses 2016: $4,022,698Net Income 2016: -$34,3892016Revenue 2017: $4,194,540Expenses 2017: $3,955,116Net Income 2017: $239,4242017Revenue 2018: $4,247,001Expenses 2018: $4,296,394Net Income 2018: -$49,3932018Revenue 2019: $4,261,097Expenses 2019: $4,444,795Net Income 2019: -$183,6982019Revenue 2020: $3,896,574Expenses 2020: $4,110,819Net Income 2020: -$214,2452020Revenue 2021: $5,038,737Expenses 2021: $4,718,107Net Income 2021: $320,6302021Revenue 2022: $4,888,974Expenses 2022: $4,707,616Net Income 2022: $181,3582022Revenue 2023: $5,497,645Expenses 2023: $5,263,865Net Income 2023: $233,7802023Revenue 2024: $5,269,624Expenses 2024: $4,996,090Net Income 2024: $273,5342024

Highlighted filing

2024

Revenue$5,269,624
Expenses$4,996,090
Net Income$273,534

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$1.25$0.63$5.27$5.00$0.27
2023Detailed filing. Detailed filing data is available for this year.$1.70$0.96$0.74$5.50$5.26$0.23
2022Detailed filing. Detailed filing data is available for this year.$1.52$1.01$0.51$4.89$4.71$0.18
2021Detailed filing. Detailed filing data is available for this year.$0.80$0.47$0.33$5.04$4.72$0.32
2020Detailed filing. Detailed filing data is available for this year.$0.69$0.68$0.01$3.90$4.11$0.21
2019Detailed filing. Detailed filing data is available for this year.$0.61$0.39$0.22$4.26$4.44$0.18
2018Detailed filing. Detailed filing data is available for this year.$0.75$0.35$0.40$4.25$4.30$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.80$0.34$0.45$4.19$3.96$0.24
2016Detailed filing. Detailed filing data is available for this year.$0.59$0.37$0.21$3.99$4.02$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.31$0.25$3.88$4.00$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.31$0.38$3.69$3.69$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.66$0.29$0.37$3.16$3.01$0.15
2012Summary only. Only limited summary data is available for this year.$0.36$0.14$0.22$1.58$1.60$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.27$0.24$1.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.16$0.38$1.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 22, 2025
Return Version
2024v5.2
Gross Receipts
$5,269,624
Mission and Program Overview

Mission

To provide otolaryngology treatment, education and research for the western new york community.

University at buffalo otolaryngology, inc. Is committed to encourage and assist the faculty of the department of otolaryngology at the state university of new york at buffalo, jacobs school of medicine and biomedical sciences ("university") in the delivery of health care, improve the ability of the faculty to perform clinical research, maximize resources to foster academic, research and clinical programs, recruit and retain targeted teaching physicians, and encourage and support the personal growth and professional development of the faculty of the department of otolaryngology. University at buffalo otolaryngology, inc. Is also intended to provide financial support for development and growth of the department of otolaryngology, expense of practice and the research and academic mission of the department.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$857,957$1,027,894▲ $169,937
Accounts Receivable$417,431$510,934▲ $93,503
Land, Buildings, and Equipment, Net$22,879$17,709▼ $5,170
Prepaid Expenses and Deferred Charges$4,158$5,223▲ $1,065
Cash and Non-Interest-Bearing Accounts$4,223$2,356▼ $1,867
Total Assets$1,703,618$1,877,338▲ $173,720
Other Assets Total$396,970$313,222▼ $83,748
Liabilities
Accounts Payable and Accrued Expenses$431,424$719,624▲ $288,200
Other Liabilities$405,686$315,261▼ $90,425
Deferred Revenue$124,885$216,124▲ $91,239
Total Liabilities$961,995$1,251,009▲ $289,014
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$741,623$626,329▼ $115,294
Total Net Assets Fund Balance$741,623$626,329▼ $115,294
Total Liabilities and Net Assets / Fund Balance$1,703,618$1,877,338▲ $173,720

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,709$270,104$287,813
Leasehold Improvements$0$50,425$50,425
Other Assets Org$283,731--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David Sherris MdPresidentFT$803,432$66,000$869,432
Michael Pizzuto MdDirectorFT$506,000$16,500$522,500
Mark Nagy MdSecretary/treasurerFT$405,000$66,000$471,000
Lisa SherrisPractice ManagerFT$355,000$43,500$398,500
Michele Carr MdPhysicianFT$255,000$13,356$268,356

Highest Paid Contractors

ContractorServicesLocationCompensation
Medical Management ServicesBilling Services405 N FRENCH RD 104, Buffalo, NY 14228$167,403
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,208,073
Investment Income
$50,278
Other Revenue
$11,273
Change in Net Assets
$273,534

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,269,624
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,269,624
Total Revenue per Form 990
$5,269,624
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,377,376
Other Expenses$1,618,714
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$2,208,212$116,221-$2,324,433
Other Salaries and Wages$545,530$77,305-$622,835
Pension Plan Contributions$207,000$23,000-$230,000
Other Expenses$213,602$25,957-$213,602
Payroll Taxes$124,435$13,826-$138,261
All Other Expenses$113,190$10,334-$123,524
Occupancy$100,169$11,130-$111,299
Office Expenses$92,085$10,232-$102,317
Insurance$84,357$654-$85,011
Other Employee Benefits$55,662$6,185-$61,847
Fees for Services Other$39,296$4,367-$43,663
Fees for Services Accounting$37,641$4,182-$41,823
Travel$18,346$2,038-$20,384
Advertising$19,504--$19,504
Fees for Services Management$9,546$9,546-$19,092
Depreciation Depletion$4,654$516-$5,170
Total Functional Expenses$4,680,597$315,493$0$4,996,090

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,996,090
Total Expenses per Audited Statements$4,996,090
Total Expenses per Form 990$4,996,090
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
Lisa SherrisSpouse of OfficerReceives Wages as Office Manager of the Organization.No$355,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$284,745
CHIEF ADMINISTRATIVE OFFICER'S FUND PAYABLE$30,516
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
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

The president of the organization is married to the practice manager.

Form 990, Part VI, Section A, Line 3

The organization delegates certain management functions to a related party, ub associates, inc., in exchange for a fee.

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 12C

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

Form 990, Part VI, Section B, Line 15

Compensation is governed by article xvi of the state university of new york. The medical school dean approves compensation each year. Other employee salaries are formulated by discussion with uba officials.

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 Otolaryngology
EIN
20-0194563
Phone
7168845102
Address
1237 DELAWARE AVENUE, BUFFALO, NY 14209

Signing Officer

Name
Steven Schwaitzberg
Title
Md, Interim President
Phone
7168845102
Signed
2025-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Schwaitzberg
Formed
2003
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
0
Employees
24
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

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Raw XML AppendixShowing 400 of 619 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
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IRS990/ActivityOrMissionDesc0UNIVERSITY AT BUFFALO OTOLARYNGOLOGY, INC. IS COMMITTED TO ENCOURAGE AND ASSIST THE FACULTY OF THE DEPARTMENT OF OTOLARYNGOLOGY AT THE STATE UNIVERSITY OF NEW YORK AT BUFFALO, JACOBS SCHOOL OF MEDICINE AND BIOMEDICAL SCIENCES ("UNIVERSITY") IN THE DELIVERY OF HEALTH CARE, IMPROVE THE ABILITY OF THE FACULTY TO PERFORM CLINICAL RESEARCH, MAXIMIZE RESOURCES TO FOSTER ACADEMIC, RESEARCH AND CLINICAL PROGRAMS, RECRUIT AND RETAIN TARGETED TEACHING PHYSICIANS, AND ENCOURAGE AND SUPPORT THE PERSONAL GROWTH AND PROFESSIONAL DEVELOPMENT OF THE FACULTY OF THE DEPARTMENT OF OTOLARYNGOLOGY. UNIVERSITY AT BUFFALO OTOLARYNGOLOGY, INC. IS ALSO INTENDED TO PROVIDE FINANCIAL SUPPORT FOR DEVELOPMENT AND GROWTH OF THE DEPARTMENT OF OTOLARYNGOLOGY, EXPENSE OF PRACTICE AND THE RESEARCH AND ACADEMIC MISSION OF THE DEPARTMENT.
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IRS990/MissionDesc0TO PROVIDE OTOLARYNGOLOGY TREATMENT, EDUCATION, AND RESEARCH FOR THE WESTERN NEW YORK COMMUNITY.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NondeductibleContributionsInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc1CLINICAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2CONTRACTUAL SERVICES
IRS990/OtherExpensesGrp/Desc3CHIEF ADMINISTRATIVE OF
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IRS990/ProgSrvcAccomActy2Grp/Desc0ACADEMIC 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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