SOCIETY FOR PEDIATRIC RADIOLOGY RESEARCH AND EDUCATION FOUNDATION

EIN: 363922596 501(c)(3) Medical Research

OKEMOS, MI

Total Revenue
$161,009
Total Expenses
$169,066
Total Assets
$3,896,592
Net Assets
$3,842,613
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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
1994
Legal Domicile
IL
Principal Officer
SHANNON G FARMAKIS
Phone
7036480680
Tax Period
2023-01-01 to 2023-12-31

SOCIETY FOR PEDIATRIC RADIOLOGY RESEARCH AND EDUCATION FOUNDATION, founded in 1994, is a small nonprofit in the Medical Research sector that reported $161K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Net assets of $3.8M represent 286 months of operating reserves.

Mission

TO EVALUATE APPLICATIONS FOR FUNDING AND BESTOW GRANTS FOR RESEARCH AND EDUCATION IN PEDIATRIC RADIOLOGY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $134,390
Program Service Revenue $0
Investment Income $26,619
Other Revenue $0
TOTAL REVENUE $161,009

Expense Breakdown

Grants Paid $166,508
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $169,066
Other Expenses $2,558
TOTAL EXPENSES $169,066

Year-over-Year Comparison

2023 2022 Change
Revenue $161,009 $670,632 -0.8%
Expenses $169,066 $216,559 -0.2%
Net Income $-8,057 $454,073 -1.0%
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
11
Independent Members
11
Employees
N/A
Volunteers
21

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
6
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANNA BARDO MEMBER 0.50
Director
$0 $0 $0
LORNA BROWNE MEMBER 0.50
Director
$0 $0 $0
SHERWIN CHAN MEMBER 0.50
Director
$0 $0 $0
GOVIND B CHAVHAN SECRETARY 6.00
Officer Director
$0 $0 $0
HEIKE DALDRUP-LINK MEMBER 0.50
Director
$0 $0 $0
KASSA DARGE PRESIDENT 11.00
Officer Director
$0 $0 $0
SHANNON G FARMAKIS TREASURER 2.00
Officer Director
$0 $0 $0
MICHAEL GEE MEMBER 0.50
Director
$0 $0 $0
YI LI MEMBER 0.50
Officer Director
$0 $0 $0
CARA MORIN MEMBER 0.50
Officer Director
$0 $0 $0
JANET REID PRESIDENT-ME 3.00
Director
$0 $0 $0
STUART ROYAL MEMBER 0.50
Director
$0 $0 $0
STEPHEN F SIMONEAUX VICE-PRESIDE 3.00
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
2024 No data No data No data No data
2023 $161,009 $169,066 $3,896,592 $-8,057
2022 $670,632 $216,559 $3,667,569 $454,073
2021 $469,749 $166,360 $4,303,867 $303,389
2020 $108,874 $107,175 $3,935,275 $1,699
2019 $291,229 $321,473 $3,486,316 $-30,244
2018 $282,908 $187,429 $3,784,085 $95,479
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