ILLINOIS RADIOLOGICAL SOCIETY

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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

1967

Principal Officer

MERLE HEDLAND

Phone

6304283400

Tax Period

2025-01-01 to 2025-12-31

ILLINOIS RADIOLOGICAL SOCIETY, founded in 1967, is a small nonprofit that reported $141K in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $540K represent 46 months of operating reserves.

Mission

EDUCATION ON RADIOLOGY

Program Service Accomplishments

Program 1

HOLD REGULAR MEETINGS AND ATTEND TRAINING SEMINARS TO FUTHER THE RESEARCH AND SCIENCE OF RADIOLOGY AND RELATED TECHNOLOGY

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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 (2025)

Revenue Breakdown

Contributions & Grants $107,274

Program Service Revenue $0

Investment Income $34,214

Other Revenue $0

TOTAL REVENUE $141,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $146,246

TOTAL EXPENSES $146,246

Year-over-Year Comparison

	2025	2024	Change
Revenue	$141,488	$119,711	+0.2%
Expenses	$146,246	$183,129	-0.2%
Net Income	$-4,758	$-63,418	-0.9%

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

N/A

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
JOSEPH CALANDRA	COUNCILOR	N/A	Director	$0	$0	$0
KATE FEINSTEIN	COUNCILOR	N/A	Director	$0	$0	$0
BOJAN PETROVIC	COUNCILOR	N/A	Director	$0	$0	$0
EJAZ RAHIM	COUNCILOR	N/A	Director	$0	$0	$0
EDWARD MICHAELS	PRESIDENT TR	N/A	Officer Director	$0	$0	$0
MERLE HEDLAND	DIRECTOR	N/A	Director	$0	$0	$0
SYAM REDDY	PRESIDENT	N/A	Officer Director	$0	$0	$0
WILLIAM SMALL	PRESIDENT	N/A	Officer Director	$0	$0	$0
DEEPA ANN CYRIAC	PRESIDENT	N/A	Officer Director	$0	$0	$0
LOGAN CHASTAIN	PRESIDENT EL	N/A	Officer Director	$0	$0	$0
CARLA HARMATH	PRESIDENT EL	N/A	Officer Director	$0	$0	$0
DANIEL RYAN	SECRETARY TR	N/A	Officer Director	$0	$0	$0
MARIAH BASHIR SIDDIQUI	SECRETARY TR	N/A	Officer 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	$141,488	$146,246	$543,523	$-4,758
2024	No data	No data	No data	No data
2023	$116,260	$177,540	$560,624	$-61,280
2022	$108,512	$161,988	$568,281	$-53,476
2021	$110,051	$117,460	$734,037	$-7,409
2020	$170,752	$81,944	$697,103	$88,808
2019	$183,916	$175,823	$610,423	$8,093
2018	$91,376	$141,754	$735,846	$-50,378