SOCIETY OF CHAIRS OF RADIOLOGY DEP… - 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

1995

Legal Domicile

Principal Officer

MICHAEL P RECHT MD

Phone

3126180992

Tax Period

2024-07-01 to 2025-06-30

SOCIETY OF CHAIRS OF RADIOLOGY DEPARTMENTS, founded in 1995, is a small nonprofit that reported $384K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $345K left a modest 10% surplus.

Mission

THE ORGANIZATION IS DEDICATED TO ADVANCEMENT OF THE ART & SCIENCE OF RADIOLOGYBY PROMOTION OF MEDICAL EDUCATION, RESEARCH & PATIENT CARE, DEVELOPMENT OF METHODS OF UNDERGRADUATE & GRADUATE TEACHING IN RADIOLOGY AND PROVISION OF A FORUM FOR DISCUSSION OF PROBLEMS AND INTERESTS.

Program Service Accomplishments

Program 1

Expenses: $227,811

THE OBJECTIVE OF THE SOCIETY IS THE ADVANCEMENT OF THE ART AND SCIENCE OF RADIOLOGY BY 1) PROMOTION OF MEDICAL EDUCATION, RESEARCH, AND PATIENT CARE; 2) DEVELOPMENT OF METHODS OF UNDERGRADUATE AND...

THE OBJECTIVE OF THE SOCIETY IS THE ADVANCEMENT OF THE ART AND SCIENCE OF RADIOLOGY BY 1) PROMOTION OF MEDICAL EDUCATION, RESEARCH, AND PATIENT CARE; 2) DEVELOPMENT OF METHODS OF UNDERGRADUATE AND GRADUATE TEACHING IN RADIOLOGY; AND 3) PROVISION OF A FORUM FOR DISCUSSION OF PROBLEMS AND MUTUAL INTEREST AMONG RADIOLOGY DEPARTMENT CHAIRPERSONS.

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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 $215,650

Program Service Revenue $158,330

Investment Income $10,272

Other Revenue $0

TOTAL REVENUE $384,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $227,811

Other Expenses $345,420

TOTAL EXPENSES $345,420

Year-over-Year Comparison

	2024	2023	Change
Revenue	$384,252	$330,293	+0.2%
Expenses	$345,420	$296,582	+0.2%
Net Income	$38,832	$33,711	+0.2%

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
KRISTEN K DESTIGTER	COUNCILOR	1.00	Director	$0	$0	$0
VIKAS GULANI	COUNCILOR	1.00	Director	$0	$0	$0
ELIZABETH A MORRIS	COUNCILOR	1.00	Director	$0	$0	$0
MICHAEL P RECHT	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANN S FULCHER	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
JUDY YEE	SECRETARY-TREASURER	2.00	Officer Director	$0	$0	$0
THOMAS M GRIST	PAST PRESIDENT	2.00	Officer 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
2025	$384,252	$345,420	$906,666	$38,832
2024	$330,293	$296,582	$790,205	$33,711
2023	$252,353	$246,399	$739,262	$5,954
2022	$196,628	$133,984	$721,708	$62,644
2021	$146,502	$129,591	$637,135	$16,911
2020	$298,252	$241,943	$616,889	$56,309
2019	$270,118	$229,525	$572,802	$40,593
2018	$232,803	$225,531	$521,805	$7,272

SOCIETY OF CHAIRS OF RADIOLOGY DEPARTMENTS