MICHIGAN 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

1983

Legal Domicile

Principal Officer

ROCKY SAENZ MD

Phone

9896276872

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN RADIOLOGICAL SOCIETY, founded in 1983, is a small nonprofit in the Diseases & Disorders sector that reported $244K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $279K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO BRING TOGETHER, INTO ONE ORGANIZATION, THE RADIOLOGISTS OF THE STATE OF MICHIGAN, AND PROVIDE SCIENTIFIC AND MEDICAL EDUCATION TO ITS MEMBERS.

Program Service Accomplishments

Program 1

THE MICHIGAN RADIOLOGICAL SOCIETY FULFILLS AN IMPORTANT FUNCTION BY PROVIDING EDUCATIONAL OPPORTUNITIES FOR ITS MEMBERS AT CONVENIENT MICHIGAN LOCATIONS, AS WELL AS LIVE WEBCASTING OF ALL CME...

THE MICHIGAN RADIOLOGICAL SOCIETY FULFILLS AN IMPORTANT FUNCTION BY PROVIDING EDUCATIONAL OPPORTUNITIES FOR ITS MEMBERS AT CONVENIENT MICHIGAN LOCATIONS, AS WELL AS LIVE WEBCASTING OF ALL CME ACTIVITIES. THE MICHIGAN RADIOLOGICAL SOCIETY HOSTS NUMEROUS EDUCATIONAL EVENTS THROUGHOUT THE YEAR TO INCLUDE THE PRESTON M. HICKEY MEMORIAL LECTURE IN MARCH, SPRING AND FALL MEETINGS, AS WELL AS THE BIANNUAL BREAST IMAGING CONFERENCE, WHICH IS A TWO DAY EVENT. THE MICHIGAN RADIOLOGICAL SOCIETY ALSO HAS AN ACTIVE RESIDENT SECTION THAT HOSTS A LARGE ANNUAL MEETING EACH JANUARY.

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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 $234,767

Investment Income $9,102

Other Revenue $0

TOTAL REVENUE $243,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $278,981

TOTAL EXPENSES $278,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$243,869	$269,698	-0.1%
Expenses	$278,981	$246,896	+0.1%
Net Income	$-35,112	$22,802	-2.5%

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
WALTER SAHIJDAK MD	PRESIDENT	0.50	Officer Director	$0	$0	$0
ROCKY SAENZ MD	PRESEIDENT E	0.50	Officer Director	$0	$0	$0
ANDREW WOODROW MD	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
EVITA SINGH MD	SECRETARY	0.50	Officer Director	$0	$0	$0
SHADI AZAR MBS	TREASURER	0.50	Officer Director	$0	$0	$0
MARK WEISS MD	1ST PAST PRE	0.50	Officer Director	$0	$0	$0
RALPH LIETO MS FACR	2ND PAST PRE	0.50	Officer Director	$0	$0	$0
SHANNON SAGE	EXECUTIVE DI	40.00	Officer	$0	$0	$0
JAMES CAVANAGH	LOBBYIST	0.50	Officer	$0	$0	$0
ALKIS ZINGAS MD FACR	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREEA MOORE MD YPS REP	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREW MORIARITY MD	BOARD MEMBER	0.50	Director	$0	$0	$0
ASHOK SRINIVASAN MD	BOARD MEMBER	0.50	Director	$0	$0	$0
DANNY MA MD	BOARD MEMBER	0.50	Director	$0	$0	$0
DUANE MEZWA MD FACR	BOARD MEMBER	0.50	Director	$0	$0	$0
GAURANG SHAH MD FACR	BOARD MEMBER	0.50	Director	$0	$0	$0
HARVEY YEE MD	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN KALABAT MD	BOARD MEMBER	0.50	Director	$0	$0	$0
KATHARINE SCHARER MD FACR	BOARD MEMBER	0.50	Director	$0	$0	$0
KATHLEEN BARRY MD FACR	BOARD MEMBER	0.50	Director	$0	$0	$0
LEAH DAVIS DO	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL KASOTAKIS MD	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL MAHACEK MD	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL VOTRUBA MD	BOARD MEMBER	0.50	Director	$0	$0	$0
N REED DUNNICK MD FACR	BOARD MEMBER	0.50	Director	$0	$0	$0
PAUL CHUBA PHD MD FACR	BOARD MEMBER	0.50	Director	$0	$0	$0
PERRY PERNICANO MD FACR	BOARD MEMBER	0.50	Director	$0	$0	$0
RANDY HICKS MD MBA	BOARD MEMBER	0.50	Director	$0	$0	$0
ROGER L GONDA JR MD FACR	BOARD MEMBER	0.50	Director	$0	$0	$0
TRACY KING MS	BOARD MEMBER	0.50	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	$243,869	$278,981	$320,166	$-35,112
2023	$269,698	$246,896	$361,278	$22,802
2022	$189,495	$192,527	$337,234	$-3,032
2021	$236,535	$171,547	$342,056	$64,988
2020	$220,846	$159,898	$273,237	$60,948
2019	$268,326	$190,412	$211,256	$77,914
2018	$238,349	$193,558	$133,826	$44,791