SOCIETY FOR CARDIOVASCULAR MAGNETIC RESONANCE

EIN: 223293645 501(c)(3) Medical Research

EAST DUNDEE, IL

Total Revenue
$2,823,091
Total Expenses
$2,511,771
Total Assets
$3,178,603
Net Assets
$2,773,332
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
AL
Principal Officer
CARLOS ROCHITTE MD PHD FSCMR
Phone
8477525355
Tax Period
2024-07-01 to 2025-06-30

SOCIETY FOR CARDIOVASCULAR MAGNETIC RESONANCE, founded in 1994, is a community nonprofit in the Medical Research sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $2.5M left a modest 11% surplus.

Mission

TO IMPROVE CARDIOVASCULAR HEALTH BY ADVANCING THE FIELD OF CMR THROUGH EDUCATION, ADVOCACY, NETWORKING, RESEARCH AND CLINICAL EXCELLENCE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $675,811
Program Service Revenue $2,080,863
Investment Income $66,417
Other Revenue $0
TOTAL REVENUE $2,823,091

Expense Breakdown

Grants Paid $83,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,395,574
Other Expenses $2,428,271
TOTAL EXPENSES $2,511,771

Year-over-Year Comparison

2024 2023 Change
Revenue $2,823,091 $3,209,900 -0.1%
Expenses $2,511,771 $2,811,871 -0.1%
Net Income $311,320 $398,029 -0.2%
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

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
19

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
8
$75,000
Total Directors
19
$75,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MARKL PHD FSCMR PAST PRESIDE 1.00
Officer Director
$0 $0 $0
CARLOS ROCHITTE MD PHD FSCMR PRESIDENT 1.00
Officer Director
$0 $0 $0
VANESSA FERREIRA MD PHD FSCMR VICE-PRESIDE 1.00
Officer Director
$0 $0 $0
LARS GROSE-WORTMANN MD FSCMR SEC/TREASUR 1.00
Officer Director
$0 $0 $0
JEREMY COLLINS MD BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE LEUNG MD FSCMR BOARD MEMBER 1.00
Director
$0 $0 $0
TIM LEINER VICE SEC/TRE 1.00
Officer Director
$75,000 $0 $75,000
REBECCA MILLS BSC BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES MOON MD BOARD MEMBER 1.00
Director
$0 $0 $0
VINEETA OJHA MD FSCMR BOARD MEMBER 1.00
Director
$0 $0 $0
MARTIN UGANDER MD PHD BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL KIM PHD FSCMR BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORAH KWON MD FSCMR BOARD MEMBER 1.00
Director
$0 $0 $0
FRANCESCA RAIMONDI MD BOARD MEMBER 1.00
Director
$0 $0 $0
DIPAN SHAH MD BOARD MEMBER 1.00
Director
$0 $0 $0
SOPHIE SQUARTA EXECUTIVE DI 1.00
Officer
$0 $0 $0
CHIARA BUCCIARELLI-DUCCI CEO 1.00
Officer
$0 $0 $0
MING-YEN NG MD FSCMR BOARD MEMBER 1.00
Director
$0 $0 $0
YUCHI HAN MD FSCMR BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN GREENWOOD MBCHB PHD FSCMR BOARD MEMBER 1.00
Director
$0 $0 $0
CLERIO DE AZEVEDO FILHO MD FSCMR BOARD MEMBER 1.00
Director
$0 $0 $0
SUE O'SULLIVAN MANAGING DIR 1.00
Officer
$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 $2,823,091 $2,511,771 $3,178,603 $311,320
2024 $3,209,900 $2,811,871 $2,803,479 $398,029
2023 $2,278,887 $1,687,625 $2,480,412 $591,262
2022 $1,297,360 $1,101,640 $1,794,515 $195,720
2021 $1,181,664 $911,477 $1,623,146 $270,187
2020 $1,977,584 $1,756,000 $1,287,926 $221,584
2019 $2,026,594 $1,688,842 $1,122,246 $337,752
2018 $1,001,858 $1,175,528 $734,405 $-173,670
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