I am pleased to report that RSNA membership continues to reach new record levels. In 2011, the Society accepted 5,161 new members.
We annually promote membership in our Society to new radiology residents and medical students. Through this year's promotional efforts 3,854 radiology residents and medical students joined the RSNA (1,423 new Members-in-training, 1,720 new Corresponding Members-in- training, 122 Fellows, and 589 Medical Students).
We are pleased to see our specialty's future leaders taking advantage of the great opportunities offered to them through RSNA membership. Members-in-training and medical students do not pay dues, have free access to RSNA benefits like online journals, InteractED and myRSNA, are allowed free admission to the RSNA Scientific Assembly and Annual Meeting, and may subscribe to the printed versions of Radiology and RadioGraphics at a highly subsidized rate.
| RSNA
Record of Membership |
|
|
|
|
|
|
|
|
Active |
Assoc |
Med Stu |
MIT |
Cor.-MIT |
Retired |
Honorary |
Corresp |
Totals |
| 2010 |
19,278 |
2,103 |
1,159 |
9,316 |
4,393 |
4,654 |
67 |
5,240 |
46,210 |
| 2011 |
19,858 |
1,862 |
1,219 |
9,844 |
5,655 |
4,616 |
69 |
5,444 |
48,567 |
|
|
|
|
|
|
|
|
Net Increase |
2,357 |
I regret to report the passing of the colleagues named below as of October 31, 2011. RSNA mourns their deaths while honoring their service to the health and well-being of the communities in which they practiced medicine.
Deceased RSNA Members from 11/1/10 - 10/31/11
Denis C. Adler, MD, Santa Barbara, CA (R47)
Gerald W. Arney, MD, Gastonia, NC (M86)
Bernard S. Aron, MD, West Palm Beach, FL (R83)
Malcolm A. Bagshaw, MD, Palo Alto, CA (R65)
Alfred Breit, MD, Postmuenster, Germany (R78)
Thomas H. Brendel, MD, Flagler Beach, FL (R71)
Richard E. Buenger, MD, Glenview, IL (RP53)
Noland M. Canter Jr, MD, Harrisonburg, VA (R57)
Julian H. Capps II, MD, Fredericksburg, TX (R68)
Timothy J. Carroll, MD, PhD, Greenfield, MA (M99)
David J. Cavan, MD, Worcester, MA (R57)
Philip W. Cheung, MD, San Francisco, CA (R74)
Roderick E. Darby, MD, Destin, FL (R75)
Leon F. De Jongh, MD, Janesville, WI (M84)
Powell G. Dillard Jr, MD, Lynchburg, VA (R60)
Lewis Dosik, MD, Saint Petersburg, FL (R72)
Theodore Fields, MS, Columbia, MD (R60)
Melvin M. Figley, MD, Grantham, NH (R55)
Arthur D. Fisher, MD, Santa Monica, CA (R630)
Mary E. Fletcher, MD, Worcester, MA (R47)
Robert C. Friedrich, MD, Stevens Point, WI (M83)
James A. Gill, MD, Hot Springs Village, AR (R71)
Gary M. Glazer, MD, Stanford, CA (M82)
George G. Green, MD, Hot Springs Village, AR (R51)
Maurice M. Greenfield, MD, Miami, FL (R49)
Melvin L. Griem, MD, Aspen, CO (R63)
Alvin Gross, MD, Chicago, IL, (R71)
Robert A. Grugan, MD, Bonita Springs, FL (R64)
Walter B. Hill, MD, Laguna Beach, CA (R50)
Kin L. Hung, MD, Sacramento, CA (R70)
Irwin S. Johnsrude, MD, Greenville, NC (R69)
Theodore E. Keats, MD, Charlottesville, VA (R57)
Kristjan R. Kristjanson, MD, Edmonton, AB, Canada (R80)
Jesse T. Littleton III, MD, Theodore, AL (R52)
Donald F. Loeffler, MD, Port Clinton, OH (R72)
Hyman Love, MD, Longboat Key, FL (R60)
Atchawee Luisiri, MD, Saint Louis, MO (M78)
William H. Mathis Jr, MD, Marietta, GA (R53)
Jack D. Miller, MD, Edmonton, AB, Canada (R77)
Harry L. Miller, MD, Greenwich, CT (R83)
George S. Naifeh Jr, MD, Prescott, AZ (R75)
Jo Ann Neely, MD, Soquel, CA (R71)
Thomas H. Newton, MD, Kentfield, CA (M70)
George C. Nomikos, MD, Alexandria, VA (M01)
Charles W. O'Dell Jr, MD, Battle Creek, MI (R73)
Maimu L. Ohanian, MD, Santa Barbara, CA (R72)
Arthur R. Payzant, MD, New Orleans, LA (R50)
Holger T. Pettersson, MD, PhD, Lomma, Sweden (H91)
Joyce C. Pinckard, DO, Roseville, CA (M02)
Nicholas F. Pizzolato, MD, Marietta, GA (R71)
Richard B. Price, MD, Piedmont, OK (R58)
John E. Rhodenbaugh, MD, Pleasanton, CA (R64)
Roselyn H. Richman Jason, MD, Malibu, CA (M70)
Max B. Roeder, MD, Boerne, TX, (R67)
Bernard Rosen, MD, Sugar Land, TX (R55)
Daniel L. Rousseau, MD, Mount Clemens, MI (R55)
Carol A. Rymer, MD, Denver, CO (M77)
Leroy S. Safian, MD, Fair Lawn, NJ (R59)
John B. Shields, MD, Saint Louis, MO (M68)
Lloyd H. Smith, MD, Kingsburg, CA (R41)
Enio O. Solisio, MD, Flushing, NY (R77)
Paul M. St Aubin, MD, McCook, NE (R65)
Howard A. Steiner, MD, Cleveland, OH (R48)
Michael S. Stern, MD, Roseville, NSW, Australia (M89)
Masayuki Suzuki, MD, Kanazawa, Ishika, Japan (M97)
Carroll E. Swanger, MD, Jamestown, ND (R65)
Joseph Tannenhaus, MD, Homosassa, FL (R66)
Theodore A. Tristan, MD, Camp Hill, PA (RP60)
Thomas W. Tufts, MD, Fort Lauderdale, FL (M94)
Teviah J. Turkat, MD, Thousand Oaks, CA (M66)
Renan P. Uflacker, MD, Charleston, SC (A80)
John F. Wallerius, MD, Green Bay, WI (R82)
Russell Wigh, MD, Columbus, IN (R50)
Gabriel H. Wilson, MD, San Diego, CA (R66)
David B. Winter, MD, Elk Mound, WI (M08)
Jerome F. Wiot, MD, Cincinnati, OH (M6
Financial Statements
The financial statements for the fiscal year ended June 30, 2011, 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. The return on investments is especially important for the Society's Research and Education Foundation, as its ability to fund grants is directly impacted by investment earnings.
Wolf & Company LLP completed its annual audit of the Society's financial statements issuing an unqualified opinion, indicating that Wolf & Company LLP found no material differences to the financial information presented in the Society's year-end financial statements. In addition Wolf & Company 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 Wolf & Company LLP, as of June 30, 2011. The detailed audited report is kept on file at the RSNA's headquarters: Radiological Society of North America, 820 Jorie Boulevard, Oak Brook, IL 60523. It is available for review there by members of the RSNA.
George S. Bisset, M.D.
Secretary-Treasurer
| Statement of Financial
Position |
| June
30, 2011 |
| ASSETS |
| Cash and Short-Term Investments |
$7,795,152 |
| Receivables and Other Current Assets |
5,532,133 |
| Long-Term Investments |
93,881,500 |
| Property, Furniture and Equipment |
20,925,153 |
| Total Assets |
$128,133,938 |
|
| Liabilities and Net
Assets |
| Accounts Payable and Short-Term Debt |
$4,552,861 |
| Deferred Revenue |
12,161,606 |
| Long-Term Debt and Other Long-Term
Liabilities |
5,759,580 |
| Net Assets: |
| Unrestricted: |
| Undesignated |
48,255,704 |
| Designated-Research
and Education Foundation |
34,223,987 |
| Restricted: |
| Temporarily
restricted |
2,645,224 |
| Permanently
restricted |
20,534,976 |
| Total
net assets |
105,659,891 |
| Total Liabilities and Net Assets |
$128,133,938 |
| Statement of
Activities |
| Year ending June 30, 2011 |
| REVENUE |
| Membership Services |
$5,133,220 |
| Publications and Educational
Materials |
12,905,786 |
| Annual Scientific Assembly |
22,092,496 |
| Investment Earnings |
7,550,960 |
| Contributions |
3,833,204 |
| Total Revenue |
$51,515,666 |
|
| EXPENSES |
| Membership Services |
$4,374,345 |
| Publications and Educational
Materials |
15,958,954 |
| Annual Scientific Assembly |
13,576,491 |
| Research and Education Foundation |
3,789,950 |
| Depreciation |
988,925 |
| Total Expenses |
$38,988,665 |
|
| Excess of operating revenue over
operating expenses |
$12,827,001 |
| Non operating income |
$963,883 |
| Increase in net assets before
unrealized gain (loss) on investments |
$13,790,884 |
| Unrealized gain (loss) on valuation
of investments and interest rate swap |
$5,267,787 |
|
| Increase in Net Assets |
$19,067,671 |
| Net Assets at beginning of year |
$86,592,220 |
| Net Assets at end of year |
$105,659,891 |