OPEN SOURCE IMAGING CONSORTIUM INC

EIN: 832517243 501(c)(3) Health Care

SAUGATUCK, MI

Total Revenue
$1,324,803
Total Expenses
$2,387,038
Total Assets
$3,032,618
Net Assets
$2,763,597
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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
2018
Legal Domicile
DE
Principal Officer
ERIC WHITE
Phone
7755270160
Tax Period
2023-01-01 to 2023-12-31

OPEN SOURCE IMAGING CONSORTIUM INC, founded in 2018, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 80% operating deficit.

Mission

CATALYZE THE DISCOVERY OF WIDELY USABLE DIAGNOSTIC CRITERIA BY DEFINING DIGITAL IMAGING BIOMARKERS FOR IDIOPATHIC PULMONARY FIBROSIS AND FIBROTIC INTERSTITIAL LUNG DISEASES, WHICH ARE CURRENTLY EXTREMELY DIFFICULT TO DIAGNOSE AND TREAT BEFORE PERMANENT, AND OFTEN FATAL, DISEASE PROGRESSION HAS OCCURED.

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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 $1,324,803
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,324,803

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,891,138
Other Expenses $2,387,038
TOTAL EXPENSES $2,387,038

Year-over-Year Comparison

2023 2022 Change
Revenue $1,324,803 $2,580,057 -0.5%
Expenses $2,387,038 $2,354,646 +0.0%
Net Income $-1,062,235 $225,411 -5.7%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
12

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC WHITE CHAIRMAN 4.00
Officer Director
$0 $0 $0
VINCENT COTTIN DIRECTOR 4.00
Director
$0 $0 $0
GEORGE HARSTON TREASURER 4.00
Officer Director
$0 $0 $0
BRUNO HOCHHEGGER SECRETARY 4.00
Officer Director
$0 $0 $0
ELIZABETH ESTES-COOPER EXECUTIVE DI 20.00
Officer
$0 $0 $0
JAN DE BACKER DIRECTOR 4.00
Director
$0 $0 $0
YOSHIKAZU INOUE DIRECTOR 4.00
Director
$0 $0 $0
VASILIOS TZILAS DIRECTOR 4.00
Director
$0 $0 $0
ROZSA SCHLENKER-HERCEG DIRECTOR 4.00
Director
$0 $0 $0
SEBASTIAN SCHMIDT DIRECTOR 4.00
Director
$0 $0 $0
HELMUT PROSCH DIRECTOR 4.00
Director
$0 $0 $0
DEBORAH BROWN DIRECTOR 4.00
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 No data No data No data No data
2023 $1,324,803 $2,387,038 $3,032,618 $-1,062,235
2022 $2,580,057 $2,354,646 $4,326,040 $225,411
2021 $1,619,475 $1,109,893 $3,696,162 $509,582
2020 $1,418,687 $770,500 $3,170,360 $648,187
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