I am pleased to report that the Society accepted 3,848 new members during the year 2006.
We annually promote membership in our Society to new radiology residents and medical students. Through this year's promotional efforts 2,982 radiology residents and medical students joined the Society (1,444 new Members-in-Training, 1,073 new Corresponding Members-in-Training, 125 Fellows, and 338 Medical Students). We are pleased to see the radiologists-in-training and medical students take advantage of the great opportunities offered to them by joining the Society. Members-in-Training and medical students do not pay dues, have free access to RSNA online journals and InteractED®, are allowed free admission to the RSNA Scientific Assembly and Annual Meeting, and may subscribe to the printed copy of Radiology and RadioGraphics, at a highly subsidized rate.
RSNA Record of Membership
| |
Active |
Assoc |
Med Stu |
MIT |
Cor.-MIT |
Emeritus |
Retired |
Honorary |
Corresp |
RA/RT* |
Totals |
| 2005 |
18,812 |
856 |
829 |
7,159 |
2,443 |
4 |
4,045 |
64 |
4,095 |
0 |
38,307 |
| 2006 |
19,085 |
869 |
991 |
7,750 |
2,957 |
4 |
4,177 |
66 |
4,246 |
10 |
40,155 |
| Net Difference |
273 |
13 |
162 |
591 |
514 |
0 |
132 |
2 |
151 |
10 |
1,848 |
*2006 new member category
Radiologist Assistant/Radiologist Assistant-in-Training
I regret to report the passing of the colleagues named below as of October 31, 2006. The Society mourns their deaths, comforted by the knowledge of their many devoted services to the health and well-being of the communities in which they practiced medicine.
Deceased RSNA Members from 11/1/05 - 10/31/06
R61 Harry C. Alfred, M.D. Panama City FL
R53 Donald P. Babbitt, M.D. Hartford WI
R72 Jose Paulino Badel, M.D. Los Angeles CA
R54 John E. Ballard, M.D. San Angelo TX
M76 Royal J. Bartrum Jr., M.D. Barre VT
W72 Roger A. Bauman, M.D. Winchester MA
R50 W. George Belanger, M.D. Grosse Pointe MI
R52 Norman Emmanuel Berman, M.D. Shaker Heights OH
R57 Frederick Ross Birkhill, M.D Dearborn MI
C98 Martin J. Blomley, M.D. London United Kingdom
R77 Manfred Boehnke, M.D. Divide CO
M84 James A. Bradshaw, M.D. Jacksonville FL
M78 Garry L. Carls, M.D. Edwardsville IL
R67 Arnold Chait, M.D. Narberth PA
R46 Stanley Birdsey Clark, M.D Fredonia NY
R51 Thomas W. Crowell, M.D. Seattle WA
M89 Jeanne Anne Cullinan, M.D Rochester NY
R71 Robert L. Davis, M.D. Wadesboro NC
R84 Robert B. Denman, M.D. Sugar Land TX
R76 Jack I. Eisenman, M.D. Marina del Rey CA
R54 Milton Elkin, M.D. Blue Hill ME
R40 William Paul Elkin, M.D. Charleston WV
R86 Peter Michael Ellis, M.D. Wolfville Nova Scotia Canada
M60 Mary Stuart B. Fisher, M.D. Haddonfield NJ
R56 John F. Gibbons, M.D. Scarborough ME
R81 Burton M. Gold, M.D. Setauket NY
M65 Henry C. Gorman, M.D Ellersbie GA
R83 Patrick J. Grinsell, M.D. Modesto CA
M79 Jorge R. Gutierrez, M.D. Tampa FL
R55 John Hale, Ph.D. Denver CO
W71 Paul B. Hoffer, M.D. North Haven CT
M66 Michael Anton Jacobi, M.D. Manitowoc WI
M70 Ray F. Kilcoyne, M.D. Denver CO
R60 Eugene V. Leslie, M.D Williamsville NY
H80 Erik Lindgren, M.D. Djursholm Sweden
R66 Merle K. Loken, M.D. Buffalo MN
M00 Edna Zaida Lopez Lopez, M.D. San Juan Puerto Rico
R74 George R. Matthews, M.D. Reading PA
R54 Richard Forrest McClure, M.D. Bonners Ferry ID
M45 James J. McCort, M.D. Walnut Creek CA
R66 John E. McEnroe, M.D. Petoskey MI
M94 Samuel Wilton McFadden, M.D. Marion MA
R80 John R. McLaren, M.D. Gainesville GA
M82 Robert L. Meals, D.O. Bryn Mawr PA
R66 Thomas F. Meaney, M.D. Englewood FL
C99 Wolfgang Merdes, M.B.Ch.B. Windhoek Namibia
R70 Donald F. Monty, M.D. Denver CO
M96 Cyril S. Morgan, M.D. Saint Petersburg FL
R51 Wylie H. Mullen Jr., M.D. Joliet IL
R42 Philip Myers, M.D. Baltimore MD
R54 Sidney W. Nelson, M.D. Issaquah WA
R94 Doon O'Riordan, M.D. Rathmines Dublin Ireland
M96 Masazumi Vince Okubo, M.D. Irvine CA
R56 Anton M. Pantone, M.D. Poway CA
R62 John G. Parrish Jr., M.D. Naples FL
R75 William J. Peeples, M.D. Fort Myers FL
M81 Hilton Wayne Pittman, M.D. Pensacola FL
R92 Roger Alan Potish, M.D. Stillwater MN
M97 Ted Larry Roeder, M.D. Metamora IL
R66 George S. Rogers, M.D. Bryan TX
R51 Frederick A. Rose, M.D. Bellingham WA
R69 David D. Rosenfeld, M.D. Encino CA
R58 Wallace Moffatt Roy, M.D. Oakville Ontario Canada
R59 Donald Grant Russell, M.D. Bristol CT
R57 Milton Segal, M.D. Saint Augustine FL
R54 Edward Joseph Sennett, M.D. West Hartford CT
R59 Truman S. Smith, M.D. North Port FL
R63 Leo Stockland, M.D. Milwaukee WI
C90 Oriol Torrent, M.D. Barcelona Spain
R65 Shih Hao Tsai, M.D. Edina MN
R84 Luong Chi Tuong, M.D. Newport Coast CA
M99 Jeffrey Paul Turk, M.D. Moberly MO
R60 Edward W. Webster, Ph.D. Bedford MA
R42 C. Richard Weinberg, M.D. Delray Beach FL
R60 George N. Weston Jr., M.D. Lafayette CA
R56 Charles F. Whitney Jr., M.D. Batavia IL
R61 William Donald Wilfong Jr., M.D. Bennettsville SC
R71 Bynum McWhorter Works Jr., M.D. San Antonio TX
M86 Nanda Yueh, M.D. Plymouth MN
Financial Statements
The financial statements for the fiscal year ended June 30, 2006, reflect positive earnings for the Society.
The Society continues to experience financial growth as a result of maintaining its revenue sources and at the same time controlling its expenses. In addition, the Society's investment portfolios had positive returns. This is especially important for the Society's Research & Education Foundation, as its ability to fund grants is directly impacted by the return on investments. The continued financial growth of the Society has helped increase its reserves, which helps protect RSNA from any significant economic downturns and provides available funds for future programs and initiatives.
KPMG LLP completed its annual audit of the Society's financial statements issuing an unqualified opinion, indicating that KPMG LLP found no material differences to the financial information presented in the Society's year-end financial statements. In addition, KPMG LLP indicated to the Audit Committee that it did not find any material weaknesses in the Society's internal accounting procedures.
The following Balance Sheet and Statement of Activities have been condensed from the year-end audit report prepared by KPMG LLP, as of June 30, 2006. The detailed audited report is kept on file at RSNA Headquarters: Radiological Society of North America, 820 Jorie Blvd, Oak Brook, IL 60523. It is available for review there by RSNA members.
R. Gilbert Jost, M.D.
Secretary-Treasurer
| Statement of Financial Position |
| June 30, 2006 |
| ASSETS |
| Cash and Short-Term Investments |
$8,410,879 |
| Receivables and Other Current Assets |
3,978,862 |
| Long-Term Investments |
57,737,299 |
| Property, Furniture and Equipment |
20,447,904 |
| Total Assets |
$90,574,944 |
| |
| Liabilities and Fund Balance |
| Accounts Payable and Short-Term Debt |
$1,928,034 |
| Deferred Revenue |
11,444,647 |
| Long-Term Debt and Other Long-Term Liabilities |
10,468,094 |
| Net Assets: |
| Unrestricted: |
| Undesignated |
27,846,697 |
| Designated-Research and Education Foundation |
22,871,664 |
| Restricted: |
| Temporarily restricted |
2,998,832 |
| Permanently restricted |
13,016,976 |
| Total net assets |
66,734,169 |
| Total Liabilities and Net Assets |
$90,574,944 |
| |
|
| Statement of Activities |
| Year ending June 30, 2006 |
| REVENUES |
| Membership Services |
$4,612,750 |
| Publications and Educational Materials |
10,737,639 |
| Annual Scientific Assembly |
22,156,822 |
| Investment Earnings |
4,797,351 |
| Contributions |
1,863,399 |
| Total Revenues |
$44,167,961 |
| |
| EXPENSES |
| Membership Services |
$3,422,064 |
| Publications and Educational Materials |
13,874,647 |
| Annual Scientific Assembly |
12,954,428 |
| Research and Education Foundation |
2,615,129 |
| Depreciation |
1,128,088 |
| Total Expenses |
$33,994,356 |
| |
| Increase in net assets before unrealized gain (loss) on investments |
$10,173,605 |
| Unrealized gain (loss) on valuation of investments and interest rate swap |
-328,318 |
| |
| Increase in Net Assets |
$9,845,287 |
| Net Assets at beginning of year |
56,888,882 |
| Net Assets at end of year |
$66,734,169 |
