IMAGING EDUCATIONAL & RESEARCH CO

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

LAURENCE D CROMWELL MD

Phone

6036508315

Tax Period

2024-01-01 to 2024-12-31

IMAGING EDUCATIONAL & RESEARCH CO, founded in 1983, is a micro nonprofit in the Science & Technology sector that reported $57K in total revenue in fiscal year 2024. Revenue surged 121% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30K, a strong 53% operating margin.

Mission

THE ORGANIZATION'S MISSION STATEMENT IS TO PROVIDE FUNDING FOR EDUCATION, TRAINING, RESEARCH AND PROFESSIONAL IMPROVEMENTS IN THE AREA OF IMAGING SCIENCES.

Program Service Accomplishments

Program 1

Expenses: $14,894

TO PROVIDE FUNDING FOR EDUCATION, TRAINING, RESEARCH AND PROFESSIONAL IMPROVEMENTS IN THE AREA OF IMAGING SCIENCES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $56,540

Other Revenue $0

TOTAL REVENUE $56,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,894

Other Expenses $26,536

TOTAL EXPENSES $26,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,540	$25,528	+1.2%
Expenses	$26,536	$30,464	-0.1%
Net Income	$30,004	$-4,936	-7.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOCELYN D CHERTOFF MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVEN SARGENT MD	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURENCE D CROMWELL MD	TREASURER	3.00	Officer Director	$0	$0	$0
PETER SPIEGEL MD	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE YEN MD	DIRECTOR	1.00	Director	$0	$0	$0
ANNE M SILAS MD	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$56,540	$26,536	$1,215,191	$30,004
2023	$25,528	$30,464	$1,158,708	$-4,936
2022	$17,050	$14,421	$1,068,929	$2,629
2021	$166,809	$17,384	$1,220,316	$149,425
2020	$131,630	$10,171	$1,127,010	$121,459
2019	$81,119	$26,500	$1,026,015	$54,619
2018	$95,637	$40,585	$871,651	$55,052