COLORADO 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

1991

Legal Domicile

Principal Officer

NICOLE GODDARD

Phone

3037706048

Tax Period

2024-01-01 to 2024-12-31

COLORADO RADIOLOGICAL SOCIETY, founded in 1991, is a small nonprofit that reported $165K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $54K, a strong 33% operating margin.

Mission

MEMBER PROFESSIONAL EDUCATION.

Program Service Accomplishments

Program 1

THE ORGANIZATION HOLDS PERIODIC EDUCATIONAL MEETINGS FOR MEMBERS.

Program 2

MEMBERS ATTEND NATIONAL MEETINGS THAT PROVIDE EDUCATIONAL PROGRAMS FOR MEMBERS.

Program 3

THE ORGANIZATION HOLDS AN ANNUAL LEADERSHIP SUMMIT.

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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 $122,506

Investment Income $35,567

Other Revenue $6,500

TOTAL REVENUE $164,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $110,393

TOTAL EXPENSES $110,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$164,573	$220,086	-0.3%
Expenses	$110,393	$104,913	+0.1%
Net Income	$54,180	$115,173	-0.5%

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
THEODORE LARSON MD	PRESIDENT	5.00	Officer Director	$0	$0	$0
MITCHELL BOEHNKE MD	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
ASHESH THAKER MD	TREASURER	5.00	Officer Director	$0	$0	$0
NEIL GREY MD	SECRETARY	5.00	Officer Director	$0	$0	$0
AARON KIRKPATRICK MD	PAST PRESIDE	5.00	Officer Director	$0	$0	$0
DAVID PFAU MD	CRS-RFS PRES	5.00	Director	$0	$0	$0
DANIEL VARGAS MD	COUNCILOR	5.00	Director	$0	$0	$0
VALARIA PORTIGALIO MD	LEGISLATIVE	5.00	Director	$0	$0	$0
PAUL NIELSEN MD	LEGISLATIVE	5.00	Director	$0	$0	$0
DAVID NAEGER MD	COUNCILOR	5.00	Director	$0	$0	$0
DEB DYER MD	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID GIMARC MD	PROGRAM CHAI	5.00	Director	$0	$0	$0
MAILI LIM MD	BOARD MEMBER	5.00	Director	$0	$0	$0
NICOLE GODDARD	EXECUTIVE DI	5.00	Officer	$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	$164,573	$110,393	$732,052	$54,180
2023	$220,086	$104,913	$671,809	$115,173
2022	$111,814	$91,014	$551,032	$20,800
2021	$181,302	$84,526	$538,254	$96,776