SOCIETY OF INTERVENTIONAL RADIOLOGY FOUNDATION

EIN: 541518252 501(c)(3) Medical Research

FAIRFAX, VA

Total Revenue
$1,470,131
Total Expenses
$3,118,188
Total Assets
$7,372,994
Net Assets
$3,386,987
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
IL
Principal Officer
CHRISTOPHER CASSELMAN
Phone
7036911805
Tax Period
2023-01-01 to 2023-12-31

SOCIETY OF INTERVENTIONAL RADIOLOGY FOUNDATION, founded in 1989, is a community nonprofit in the Medical Research sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 112% operating deficit.

Mission

SOCIETY OF INTERVENTIONAL RADIOLOGY FOUNDATION (THE FOUNDATION) IS A SCIENTIFIC FOUNDATION DEDICATED TO FOSTERING RESEARCH IN INTERVENTIONAL RADIOLOGY FOR THE PURPOSES OF ADVANCING SCIENTIFIC KNOWLEDGE, INCREASING THE NUMBER OF SKILLED INVESTIGATORS, AND DEVELOPING INNOVATIVE THERAPIES THAT LEAD TO IMPROVE PATIENT CARE AND QUALITY OF LIFE. SIR FOUNDATION IS COMMITTED TO DEVELOPING AND ENHANCING INNOVATIVE, MINIMALLY INVASIVE, IMAGE-GUIDED THERAPIES FROM INCEPTION TO MATURE CLINICAL APPLICATION AND TO CONDUCTING EDUCATIONAL PROGRAMS IN THE SERVICE OF ITS MISSION.

Program Service Accomplishments

Program 1
Expenses: $1,476,808

CLINICAL RESEARCH - THE FOUNDATION SUPPORTS CLINICAL TRIAL RESEARCH INITIATIVES IN THE FIELD OF IR BY PROVIDING FINANCIAL SUPPORT TO PROJECTS THAT WILL HELP ADVANCE PATIENT CARE THROUGH THE STUDY OF...

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CLINICAL RESEARCH - THE FOUNDATION SUPPORTS CLINICAL TRIAL RESEARCH INITIATIVES IN THE FIELD OF IR BY PROVIDING FINANCIAL SUPPORT TO PROJECTS THAT WILL HELP ADVANCE PATIENT CARE THROUGH THE STUDY OF IR PROCEDURES. THE FOUNDATION ALSO HOSTS RESEARCH CONSENSUS PANELS (RCP) WHERE DIFFERENT CLINICAL TOPICS ARE DISCUSSED WITH PHYSICIAN AND INDUSTRY EXPERTS.

Program 2
Expenses: $559,415

GRANTS AND ACADEMIC DEVELOPMENT - THE FOUNDATION PROVIDES RESEARCH GRANTS FOR THE DEVELOPMENT OF IDEAS AND PROCEDURES THAT WILL IMPROVE PATIENT CARE AND QUALITY OF LIFE THROUGH THE ENHANCEMENT OF...

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GRANTS AND ACADEMIC DEVELOPMENT - THE FOUNDATION PROVIDES RESEARCH GRANTS FOR THE DEVELOPMENT OF IDEAS AND PROCEDURES THAT WILL IMPROVE PATIENT CARE AND QUALITY OF LIFE THROUGH THE ENHANCEMENT OF INNOVATIVE, MINIMALLY INVASIVE, IMAGE-GUIDED THERAPIES.

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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 $1,337,160
Program Service Revenue $0
Investment Income $182,356
Other Revenue $-49,385
TOTAL REVENUE $1,470,131

Expense Breakdown

Grants Paid $1,950,864
Salaries & Benefits $0
Fundraising Expenses $651,499
Program Expenses $2,036,223
Other Expenses $1,167,324
TOTAL EXPENSES $3,118,188

Year-over-Year Comparison

2023 2022 Change
Revenue $1,470,131 $2,089,156 -0.3%
Expenses $3,118,188 $2,201,556 +0.4%
Net Income $-1,648,057 $-112,400 +13.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
100

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
9
$487,512
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL SZE MD PHD FSIR BOARD DIRECTOR/JVIR EDITOR 1.00
Director
$0 $0 $0
THERESA M CARIDI MD FSIR CHAIR UNTIL 03/23 1.00
Officer Director
$0 $0 $0
MAUREEN KOHI MD FSIR VICE CHAIR UNTIL 3/23; CHAIR AS OF 3/23 1.00
Officer Director
$0 $0 $0
CLIFFORD R WEISS MD FSIR VICE CHAIR AS OF 2/15 1.00
Officer Director
$0 $0 $0
KATHARINE KROL MD FSIR PAST PRESIDENT 03/23 5.00
Officer Director
$0 $0 $0
SHELLIE JOSEPHPS MD FSIR SECRETARY AS OF 03/23 1.00
Officer Director
$0 $0 $0
RAYMOND W LIU MD FSIR TREASURER 1.00
Officer Director
$0 $0 $0
ALDA TAM MD FSIR SIR PRESIDENT-ELECT UNTIL 3/23 1.00
Director
$0 $0 $0
ROBERT A LOOKSTEIN MD FSIR SIR PRESIDENT-ELECT AS OF 3/23 1.00
Director
$0 $0 $0
PARAG PATEL MD FSIR SIR PRESIDENT UNTIL 3/23 1.00
Director
$0 $0 $0
ROBERT J LEWANDOWSKI MD FSIR SIR PRESIDENT AS OF 3/23 1.00
Director
$0 $0 $0
NADINE ABI-JAOUDEH FSIR BOARD DIRECTOR 1.00
Director
$0 $0 $0
GOVIND SRIMATHVEERAVALLI PHD BOARD DIRECTOR 1.00
Director
$0 $0 $0
AMY TAYLOR MD BOARD DIRECTOR 1.00
Director
$0 $0 $0
DAVID WOODRUM MD FSIR BOARD DIRECTOR AS OF 03/23 1.00
Director
$0 $0 $0
KEITH HUME SIRF CHIEF EXEC OFFICER 4.00
Officer
$0 $50,091 $385,035
CAROLYN STRAIN MA MS SIRF EXEC. DIRECTOR UNTIL 03/23 28.00
Officer
$0 $6,457 $52,402
JEFF NIELSEN SENIOR DIRECTOR OF FINANCE UNTIL 03/23 4.00
Officer
$0 $5,859 $50,075
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 $1,470,131 $3,118,188 $7,372,994 $-1,648,057
2022 $2,089,156 $2,201,556 $7,312,588 $-112,400
2021 $1,833,608 $1,298,811 $8,417,546 $534,797
2020 $1,676,284 $1,290,346 $7,901,245 $385,938
2019 $1,234,211 $1,200,456 $7,679,776 $33,755
2018 $1,228,841 $1,406,604 $5,118,831 $-177,763
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