NORTHERN CALIFORNIA PET IMAGING CE… - Form 990 Financial Data

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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

Principal Officer

BRADLEY SCHMIDT

Phone

9167373211

Tax Period

2023-01-01 to 2023-12-31

NORTHERN CALIFORNIA PET IMAGING CENTER, founded in 1991, is a community nonprofit in the Diseases & Disorders sector that reported $7.4M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $6.9M left a modest 6% surplus.

Mission

NORTHERN CALIFORNIA PET IMAGING CENTER (NCPIC) IS A NOT-FOR-PROFIT, COMMUNITY BENEFIT ORGANIZATION COMMITTED TO PROVIDING THE MOST ADVANCED LEVEL OF PET/CT IMAGING SERVICES AND CONTINUES TO BE A NATIONALLY KNOWN CENTER OF EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $4,913,496 Revenue: $6,678,180

THE NORTHERN CALIFORNIA P.E.T. IMAGING CENTER (NCPIC) IS A NON-PROFIT, PUBLIC BENEFIT CORPORATION FORMED IN 1991 BY SUTTER HEALTH AND DIGNITY HEALTH.NCPIC PERFORMS POSITRON EMISSION TOMOGRAPHY (PET) PROCEDURES. THESE MEDICAL IMAGING EVALUATIONS REQUIRE SMALL AMOUNTS OF CYCLOTRON-PRODUCED RADIOACTIVE MATERIAL TO STUDY METABOLIC ACTIVITY. THE ASSESSMENT OF METABOLIC CHANGE BY PET PROVIDES EARLY DETECTION OF DISEASE. IN CONTRAST, OTHER IMAGING METHODS ASSESS ANATOMICAL OR FUNCTIONAL CHANGE THAT RESULTS FROM MORE ADVANCED ABNORMALITIES. PET IS PRIMARILY USED IN THE DIAGNOSIS AND MANAGEMENT OF BRAIN AND HEART ABNORMALITIES AND CANCER. IN 2023, NCPIC PERFORMED 1,944 IMAGING PROCEDURES. SOME INSURERS DO NOT REIMBURSE PET PROCEDURES. HOWEVER, THE CLINICAL BENEFIT OF THIS SERVICE IS PROVIDED REGARDLESS OF REIMBURSEMENT. THE CURRENT LEVEL OF STRICTLY CHARITY PROCEDURES PROVIDED IS APPROXIMATELY 2.5% OF PROCEDURE VOLUME.

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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 $99,160

Program Service Revenue $6,678,180

Investment Income $367,407

Other Revenue $226,850

TOTAL REVENUE $7,371,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,970,561

Fundraising Expenses $0

Program Expenses $4,913,496

Other Expenses $4,929,774

TOTAL EXPENSES $6,900,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,371,597	$8,201,796	-0.1%
Expenses	$6,900,335	$7,135,041	0.0%
Net Income	$471,262	$1,066,755	-0.6%

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

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

$358,503

Total Directors

Key Employees

$257,448

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH TESAR	CHAIR (FROM 1/16/23)	2.00	Officer Director	$0	$0	$0
SANDY PAIGE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SIMON CHERRY PHD	SECRETARY	2.00	Officer Director	$0	$0	$0
PAT BRADY	TREASURER	2.00	Officer Director	$0	$0	$0
BRADLEY SCHMIDT	CEO (FROM 4/03/23)	40.00	Officer	$202,711	$9,500	$212,211
GEORGE LENZI	CFO	14.00	Officer	$58,284	$0	$58,284
RUTH TESAR	CEO (THRU 1/15/23)	40.00	Officer	$88,008	$0	$88,008
ELLEN THOMAS	COO (THRU 11/10/23)	40.00	Key Emp	$257,326	$122	$257,448
RICHARD ISIP	TECHNOLOGIST	40.00	Highest	$158,649	$757	$159,406
HEATHER RUSSELL	TECHNOLOGIST	40.00	Highest	$191,558	$11,955	$203,513
HITESH PATEL	TECHNOLOGIST	40.00	Highest	$162,333	$757	$163,090
JEANETTE HALEY	ADMINISTRATIVE DIRECTOR	40.00	Highest	$151,629	$22,909	$174,538

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	$7,371,597	$6,900,335	$9,461,947	$471,262
2022	$8,201,796	$7,135,041	$7,702,561	$1,066,755
2021	$6,161,675	$5,134,460	$5,358,737	$1,027,215
2020	$4,421,510	$4,698,893	$4,512,666	$-277,383
2019	$5,986,446	$5,723,938	$4,556,667	$262,508
2018	$6,137,643	$6,335,257	$4,235,437	$-197,614

NORTHERN CALIFORNIA PET IMAGING CENTER