Radiation Medicine Institute

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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

1991

Legal Domicile

Phone

8475702000

Tax Period

2023-01-01 to 2023-12-31

Radiation Medicine Institute, founded in 1991, is a community nonprofit in the Medical Research sector that reported $4.1M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $678K, a strong 17% operating margin.

Mission

Radiation Medicine Institute follows the mission of Endeavor Health. The mission of Endeavor Health is to "help everyone in our communities be their best." Central to this mission is a commitment to providing clinical programs and services that meet community health needs, while also pursuing continuous improvement to identify and understand future needs.

Program Service Accomplishments

Program 1

Expenses: $3,025,028 Revenue: $4,110,291

Radiation Medicine Institute (RMI) conducts health care and health care related activities which support and benefit the operation of Endeavor Health Clinical Operations (EHCO), which is the sole...

Radiation Medicine Institute (RMI) conducts health care and health care related activities which support and benefit the operation of Endeavor Health Clinical Operations (EHCO), which is the sole corporate member. The sole corporate member of EHCO is Endeavor Health. On December 5, 2023, NS-EE Holdings was renamed to Endeavor Health and NorthShore University HealthSystem was renamed to Endeavor Health Clinical Operations. Endeavor Health is a fully integrated healthcare delivery system committed to providing access to quality, vibrant, community-connected care, serving an area of more than 4.2 million residents across six northeast Illinois counties. In order to increase the efficiency and quality of health care EHCO provides, RMI was organized to serve as an integral part of its health care mission and activities. RMI physicians provide professional health care services for patients of EHCO, as well as conduct medical education and research activities on behalf of EHCO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,110,291

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,110,291

Expense Breakdown

Grants Paid $77,016

Salaries & Benefits $2,791,886

Fundraising Expenses $0

Program Expenses $3,025,028

Other Expenses $562,979

TOTAL EXPENSES $3,431,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,110,291	$4,409,566	-0.1%
Expenses	$3,431,881	$4,546,769	-0.2%
Net Income	$678,410	$-137,203	-5.9%

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

N/A

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

$5,447,059

Total Directors

$5,041,815

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Board Chairman	1.0	Officer Director	$0	$1,002,978	$3,308,553
N/A	President and Physician	40.0	Officer Director	$0	$36,226	$993,702
N/A	Director and Physician	40.0	Director	$0	$41,484	$739,560
N/A	Board Secretary and Treasurer	1.0	Officer	$0	$126,638	$1,144,804
N/A	Physician	40.0	Highest	$0	$34,555	$736,574
N/A	Physician	40.0	Highest	$0	$27,178	$827,671

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
2024	No data	No data	No data	No data
2023	$4,110,291	$3,431,881	$3,681,803	$678,410
2022	$4,409,566	$4,546,769	$3,452,802	$-137,203
2021	$1,248,690	$1,248,690	$3,168,691	No data
2021	$4,982,491	$4,986,494	$3,782,574	$-4,003
2020	$4,658,436	$4,658,440	$3,571,741	$-4
2019	$3,457,314	$3,457,314	$2,496,417	No data
2018	$2,981,312	$2,981,312	$2,188,116	No data