Civic Intelligence

Sb Clinical Practice Management Plan Inc.

990 • Fiscal year 2022 • EIN 46-1787308

Jul 01, 2021 to Jun 30, 2022 • Filed on May 08, 2023

PO Box 1554Stony Brook, NY 11790

(631) 444-2055

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.99x

Higher debt load relative to assets than 74% of similar nonprofits.

2022 filings • NTEE E • $250M-$1B nonprofits • Source year 2022

Liabilities / Revenue

44th percentile

0.46x

Higher debt load relative to revenue than 44% of similar nonprofits.

2022 filings • NTEE E • $250M-$1B nonprofits • Source year 2022

Net Margin

25th percentile

-4.5%

Higher net margin than 25% of similar nonprofits.

2022 filings • NTEE E • $250M-$1B nonprofits • Source year 2022

Top Officer Pay

45th percentile

$1,533,108

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2022 filings • NTEE E • $250M-$1B nonprofits • Source year 2022

Asset Growth

20th percentile

-9.1%

Faster asset growth than 20% of similar nonprofits.

2022 filings • NTEE E • $250M-$1B nonprofits • Annualized from 2021 to 2022

Revenue Growth

37th percentile

1.9%

Faster revenue growth than 37% of similar nonprofits.

2022 filings • NTEE E • $250M-$1B nonprofits • Annualized from 2021 to 2022

Assets

Down

$127,384,073

Down $12,755,358 (-9.1%) from 2021

Net Assets

Up

$1,787,248

Up $1,787,248 from 2021

Liabilities

Down

$125,596,825

Down $14,542,606 (-10%) from 2021

Revenue

Up

$274,333,161

Up $5,139,510 (+1.9%) from 2021

Expenses

Up

$286,568,645

Up $40,111,263 (+16%) from 2021

Net Income

Down

-$12,235,484

Down $34,971,753 (-154%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2014: $60,910,684Liabilities 2014: $60,910,684Net Assets 2014: $02014Assets 2015: $78,723,611Liabilities 2015: $78,723,611Net Assets 2015: $02015Assets 2016: $78,846,318Liabilities 2016: $78,846,318Net Assets 2016: $02016Assets 2017: $108,459,479Liabilities 2017: $108,459,479Net Assets 2017: $02017Assets 2018: $115,620,845Liabilities 2018: $115,620,845Net Assets 2018: $02018Assets 2019: $135,820,922Liabilities 2019: $135,820,922Net Assets 2019: $02019Assets 2020: $114,712,208Liabilities 2020: $114,712,208Net Assets 2020: $02020Assets 2021: $140,139,431Liabilities 2021: $140,139,431Net Assets 2021: $02021Assets 2022: $127,384,073Liabilities 2022: $125,596,825Net Assets 2022: $1,787,2482022Assets 2023: $336,748,383Liabilities 2023: $335,094,785Net Assets 2023: $1,653,5982023

Highlighted filing

2022

Assets$127,384,073
Liabilities$125,596,825
Net Assets$1,787,248

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400M$300M$200M$100M$0-$100MRevenue 2014: $141,039,697Expenses 2014: $131,337,112Net Income 2014: $9,702,5852014Revenue 2015: $152,695,809Expenses 2015: $134,773,780Net Income 2015: $17,922,0292015Revenue 2016: $152,313,501Expenses 2016: $152,732,271Net Income 2016: -$418,7702016Revenue 2017: $206,995,108Expenses 2017: $194,593,280Net Income 2017: $12,401,8282017Revenue 2018: $219,255,074Expenses 2018: $212,354,643Net Income 2018: $6,900,4312018Revenue 2019: $248,825,491Expenses 2019: $234,335,054Net Income 2019: $14,490,4372019Revenue 2020: $214,611,921Expenses 2020: $233,065,591Net Income 2020: -$18,453,6702020Revenue 2021: $269,193,651Expenses 2021: $246,457,382Net Income 2021: $22,736,2692021Revenue 2022: $274,333,161Expenses 2022: $286,568,645Net Income 2022: -$12,235,4842022Revenue 2023: $288,279,104Expenses 2023: $313,163,962Net Income 2023: -$24,884,8582023

Highlighted filing

2022

Revenue$274,333,161
Expenses$286,568,645
Net Income-$12,235,484
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 8, 2023
Return Version
2021v4.2
Gross Receipts
$274,371,364
Mission and Program Overview

Mission

A clinical practice management plan for the management of the clinical practice of faculty members at the medical school at the state university of new york at stony brook.

Responsible for the collection and disbursement of members' clinical practice income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$33,134,140$32,311,429▼ $822,711
Cash and Non-Interest-Bearing Accounts$4,651,604$11,500,021▲ $6,848,417
Investments in Publicly Traded Securities$4,630,451$4,505,993▼ $124,458
Prepaid Expenses and Deferred Charges$27,254$13,380▼ $13,874
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$140,139,431$127,384,073▼ $12,755,358
Other Assets Total$97,695,982$79,053,250▼ $18,642,732
Liabilities
Other Liabilities$131,321,466$116,360,457▼ $14,961,009
Accounts Payable and Accrued Expenses$8,817,965$9,236,368▲ $418,403
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$140,139,431$125,596,825▼ $14,542,606
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$1,787,248▲ $1,787,248
Total Liabilities and Net Assets / Fund Balance$140,139,431$127,384,073▼ $12,755,358

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$28,607,263$14,713,851$43,321,114
Equipment$2,025,838$13,799,911$14,398,081
Other Land Buildings$1,678,328$10,528,455$13,634,451
Other Assets Org$4,500,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Raphael Davis MdChairperson
Tong J GanVice Chairperson
Wayne Waltzer MdVice Chairperson
Alan TurnerDirector
Apostolos TassiopoulosDirector
Elaine GouldDirector
Evan Jones Md-mphDirector
Iris a Granek MdDirector
James PennaDirector
Kenneth R Shroyer Md PhdDirector
Marc Halterman MdDirector
Mark C Henry MdDirector
Ramin V Parsey Md PhdDirector
Robert Honkanen MdDirector
Samuel RyuDirector
Todd Griffin MdDirector
Vincent W Yang Md PhdDirector
Sergio BergeseDirector effective 5/23/22
Patrick Sibony MdFORMER DIRECTOR thru 3/28/2018
Mark Talamini MdFORMER DIRECTOR thru 4/5/2021
Margaret M Mcgovern Md PhdFORMER DIRECTOR thru 5/1/2018
Dennis Choi Md PhdFORMER DIRECTOR thru 6/30/2019
Lawrence HurstFORMER DIRECTOR thru 7/1/2021
Patricia Coyle MdFORMER DIRECTOR thru 9/1/2020
Carolyn Milana MdSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Allen NorinMedical Services140 RIVERSIDE DRIVE APT 6D, New York, NY 10024$125,016
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$274,310,812
Investment Income
$22,349
Other Revenue
$0
Change in Net Assets
$-12,235,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$163,693,198
Salaries, Compensation, and Employee Benefits$122,875,447
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$91,526,855$4,817,203-$96,344,058
Fees for Services Other$54,502,161--$54,502,161
Insurance$29,728,282--$29,728,282
Other Employee Benefits$25,204,820$1,326,569-$26,531,389
Fees for Services Legal$19,962,842--$19,962,842
Occupancy$14,224,136--$14,224,136
Information Technology$5,213,559--$5,213,559
Other Expenses$4,626,159--$4,626,159
Depreciation Depletion$4,219,550--$4,219,550
Office Expenses$2,464,622--$2,464,622
Interest$1,874,266--$1,874,266
Travel$655,092--$655,092
Advertising$397,530--$397,530
Fees for Services Accounting$327,363--$327,363
Total Functional Expenses$280,424,873$6,143,772$0$286,568,645
International Activity

International Summary

Offices
0
Employees
0
Spending
$4,500,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsCaptive Insurance00$4,500,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Clinical Practice Reserve$100,462,187
Capital Lease$15,898,270
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B

An electronic version of form 990 was provided to the officers and directors prior to filing. Management performs a review of form 990 prior to filing, addressing any questions made by the governing body.

Form 990, Part VI, Line 12C

Sb clinical practice management plan, inc. Has adopted the same conflict of interest policy as its member ufpcs. The purpose of the conflict of interest policy is to protect sb clinical practice management plan, inc.'s interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the organization or might result in a possible excess benefit transaction. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board of committee members shall decide if a conflict of interest exists. Compliance with this policy is monitored through internal payment policies and annual representations. The reviews, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payment for goods and services, further educational purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. A voting member of the governing board who has a compensation conflict is precluded from voting on matters pertaining to that member's compensation. If there are violations to the policy, the committee or governing board shall take appropriate disciplinary and corrective action.

Form 990, Part VI, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
SB Clinical Practice Management Plan Inc
EIN
46-1787308
In Care Of
% SB CLINICAL PRAC MGMT PLAN I
Phone
6314442055
Address
PO BOX 1554, STONY BROOK, NY 11790

Signing Officer

Name
Wayne Waltzer
Title
Vice Chairperson
Phone
6314442055
Signed
2023-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raphael Davis Md
Formed
2013
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
ONE MANHATTAN WEST, NEW YORK, NY 10001
Preparer
Laura Mayo
Phone
2127734931
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Allocation to clinical practice reserve = $12,380,930 aco net assets = $1,787,247 line 9 total change in net assets = $14,168,177

Form 990 Part IX Line 11G

Description:school of medicine charge total fees:34819767

Form 990 Part IX Line 11G

Description:other operating total fees:19682394

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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/Form990PartVIISectionAGrp/PersonNm1MARGARET M MCGOVERN MD PHD
IRS990/Form990PartVIISectionAGrp/PersonNm2EVAN JONES MD-MPH
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES PENNA
IRS990/Form990PartVIISectionAGrp/PersonNm4APOSTOLOS TASSIOPOULOS
IRS990/Form990PartVIISectionAGrp/PersonNm5WAYNE WALTZER MD
IRS990/Form990PartVIISectionAGrp/PersonNm6TONG J GAN
IRS990/Form990PartVIISectionAGrp/PersonNm7SAMUEL RYU
IRS990/Form990PartVIISectionAGrp/PersonNm8VINCENT W YANG MD PHD
IRS990/Form990PartVIISectionAGrp/PersonNm9TODD GRIFFIN MD
IRS990/Form990PartVIISectionAGrp/PersonNm10ROBERT HONKANEN MD
IRS990/Form990PartVIISectionAGrp/PersonNm11ELAINE GOULD
IRS990/Form990PartVIISectionAGrp/PersonNm12RAMIN V PARSEY MD PHD
IRS990/Form990PartVIISectionAGrp/PersonNm13KENNETH R SHROYER MD PHD
IRS990/Form990PartVIISectionAGrp/PersonNm14SERGIO BERGESE
IRS990/Form990PartVIISectionAGrp/PersonNm15MARK C HENRY MD
IRS990/Form990PartVIISectionAGrp/PersonNm16CAROLYN MILANA MD
IRS990/Form990PartVIISectionAGrp/PersonNm17MARC HALTERMAN MD
IRS990/Form990PartVIISectionAGrp/PersonNm18DENNIS CHOI MD PHD
IRS990/Form990PartVIISectionAGrp/PersonNm19IRIS A GRANEK MD
IRS990/Form990PartVIISectionAGrp/PersonNm20PATRICIA COYLE MD
IRS990/Form990PartVIISectionAGrp/PersonNm21PATRICK SIBONY MD
IRS990/Form990PartVIISectionAGrp/PersonNm22LAWRENCE HURST
IRS990/Form990PartVIISectionAGrp/PersonNm23MARK TALAMINI MD
IRS990/Form990PartVIISectionAGrp/PersonNm24ALAN TURNER
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1FORMER DIRECTOR thru 5/1/2018
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director effective 5/23/22
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18FORMER DIRECTOR thru 6/30/2019
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20FORMER DIRECTOR thru 9/1/2020
IRS990/Form990PartVIISectionAGrp/TitleTxt21FORMER DIRECTOR thru 3/28/2018
IRS990/Form990PartVIISectionAGrp/TitleTxt22FORMER DIRECTOR thru 7/1/2021
IRS990/Form990PartVIISectionAGrp/TitleTxt23FORMER DIRECTOR thru 4/5/2021
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
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IRS990/MissionDesc0A CLINICAL PRACTICE MANAGEMENT PLAN FOR THE MANAGEMENT OF THE CLINICAL PRACTICE OF FACULTY MEMBERS AT THE MEDICAL SCHOOL AT THE STATE UNIVERSITY OF NEW YORK AT STONY BROOK.
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IRS990/OtherChangesInNetAssetsAmt014168177

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