AMERICAN INSTITUTE FOR RADIOLOGIC … - 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

2010

Legal Domicile

Principal Officer

WILLIAM T THORWARTH MD

Phone

7036488900

Tax Period

2020-07-01 to 2021-06-30

AMERICAN INSTITUTE FOR RADIOLOGIC PATHOLOGY, founded in 2010, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2020. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE AMERICAN INSTITUTE FOR RADIOLOGIC PATHOLOGY (AIRP) IS TO ADVANCE THE SCIENCE OF RADIOLOGY FOR RADIOLOGY RESIDENTS, FELLOWS, PRACTICING RADIOLOGISTS AND OTHER PHYSICIANS THROUGH A PATHOPHYSIOLOGIC UNDERSTANDING OF DISEASE AS THE BASIS FOR RADIOLOGIC INTERPRETATION.

Program Service Accomplishments

Program 1

Expenses: $2,455,520 Revenue: $3,326,075

RADIOLOGICAL PATHOLOGY CORELLATION COURSE - DESIGNED TO AID RESIDENTS AND FELLOWS IN THEIR ENDEAVOURS TO ACHIEVE EXCELLENCE IN THE TECHNOLOGICALLY ADVANCING SPECIALTY OF RADIOLOGY, BY EMPLOYING...

RADIOLOGICAL PATHOLOGY CORELLATION COURSE - DESIGNED TO AID RESIDENTS AND FELLOWS IN THEIR ENDEAVOURS TO ACHIEVE EXCELLENCE IN THE TECHNOLOGICALLY ADVANCING SPECIALTY OF RADIOLOGY, BY EMPLOYING RADIOLOGIC-PATHOLOGIC CORRELATION IN THE IDENTIFICATION OF DISEASE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $108,063

Program Service Revenue $3,326,075

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,434,138

Expense Breakdown

Grants Paid $300

Salaries & Benefits $1,057,803

Fundraising Expenses $0

Program Expenses $2,455,520

Other Expenses $2,363,873

TOTAL EXPENSES $3,421,976

Year-over-Year Comparison

	2020	2019	Change
Revenue	$3,434,138	$2,465,118	+0.4%
Expenses	$3,421,976	$2,749,090	+0.2%
Net Income	$12,162	$-283,972	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

120

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

$1,664,395

Total Directors

$78,403

Key Employees

$1,128,851

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD FLEISHON MD	CHAIR	0.50	Officer Director	$0	$0	$78,403
JAMES VINCENT RAWSON MD	SECRETARY-TREASURER	0.50	Officer Director	$0	$0	$0
LORI DEITTE MD	DIRECTOR	0.50	Director	$0	$0	$0
JOHN MADEWELL MD	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM OLMSTED MD	DIRECTOR	0.50	Director	$0	$0	$0
RON ZAGORIA MD	DIRECTOR	0.50	Director	$0	$0	$0
MARY SCANLON	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM T THORWARTH MD	CEO	0.50	Officer	$0	$50,116	$1,040,828
DIANE MULLIS	CFO	0.50	Officer	$0	$58,632	$545,164
KENNETH KOROTKY	EVP-OPS/LIFE LONG LEARNING	4.00	Key Emp	$0	$49,304	$552,375
WILLIAM SHIELDS	GENERAL COUNSEL/EVP - MG&M	3.00	Key Emp	$0	$41,524	$576,476
DONALD HATLEY	DIRECTOR	37.50	Highest	$133,356	$24,444	$157,800

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
2021	$3,434,138	$3,421,976	No data	$12,162
2020	$2,465,118	$2,749,090	$1,124,413	$-283,972
2019	$2,860,394	$2,950,222	$1,557,715	$-89,828
2018	$3,336,640	$2,923,570	$1,619,277	$413,070

AMERICAN INSTITUTE FOR RADIOLOGIC PATHOLOGY