Society for Innovation In Imaging

EIN: 874008379 501(c)(3) Health Care

Cambridge, MA

Total Revenue
$62,657
Total Expenses
$68,910
Total Assets
$36,060
Net Assets
$36,060
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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
2021
Legal Domicile
MA
Principal Officer
Peter D Caravan
Phone
8579288817
Tax Period
2024-01-01 to 2024-12-31

Society for Innovation In Imaging, founded in 2021, is a micro nonprofit in the Health Care sector that reported $63K in total revenue in fiscal year 2024. Revenue surged 221% from the prior year, signaling strong growth momentum.

Mission

To develop and implement biomedical molecular imaging training programs and other related educational activities to increase workforce capabilities in global biomedical molecular imaging research.

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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 (2024)

Revenue Breakdown

Contributions & Grants $42,318
Program Service Revenue $20,339
Investment Income $0
Other Revenue $0
TOTAL REVENUE $62,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $68,910
Other Expenses $68,910
TOTAL EXPENSES $68,910

Year-over-Year Comparison

2024 2023 Change
Revenue $62,657 $19,538 +2.2%
Expenses $68,910 $16,300 +3.2%
Net Income $-6,253 $3,238 -2.9%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Peter D Caravan President/Director 10.00
Officer Director
$0 $0 $0
John Chen Treasurer 10.00
Officer
$0 $0 $0
J Matthew Dubach Clerk 10.00
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 $62,657 $68,910 $36,060 $-6,253
2023 $19,538 $16,300 $23,040 $3,238
2022 $64,599 $44,796 $19,802 $19,803
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