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  • About RSNA
  • 2015 Report of the Secretary-Treasurer

  •  

    I am pleased to report that RSNA membership continues to reach new record levels. In 2015, the Society accepted 5,780 new members.

    We annually promote membership in our Society to new radiology residents and medical students. Through this year's promotional efforts 4,352 radiology residents and medical students joined the RSNA (1,298 new Members-in-training, 2,295 new Corresponding Members-intraining, 149 Fellows, and 610 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 Education and myRSNA, are allowed free admission to the RSNA Scientific Assembly and Annual Meeting, and receive access to the journals Radiology and RadioGraphics or subscribe to the printed versions of the journals at a highly subsidized rate.

     

     

     

    RSNA RECORD OF MEMBERSHIP

     

    Active

    Assoc

    Med Stu

    MIT

    Cor.-MIT

    Retired

    Honorary

    Corresp

    Totals

    2015

    19,412

    1,797

    1,795

    10,605

    8,608

    5,479

    69

    6,549

    54,314

    2014

    19,751

    1,848

    1,783

    10,508

    8,352

    5,141

    66

    6,841

    54,290

       

    Net Increase

     24

    I regret to report the passing of the colleagues named below as of October 31, 2015. 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 11/1/14 - 10/31/15  

    Donald M. Allen, MD, Fredericksburg, VA (M78)
    Jerome H. Arndt, MD, Irving, TX (R66)
    Harold L. Atkins, MD, South Setauket, NY (R58)
    James B. Aycock, MD, Sparta, NC (R54)
    Phillip E. Bainbridge Jr, MD, Tampa, FL (M93)
    Kamyar Behdinian, BS, Winnetka, CA (MS10)
    Ira E. Bell, MD, Morganton, NC (R70)
    Eugene F. Binet, MD, Augusta, GA (R72)
    Bernard A. Birnbaum, MD, New York, NY (M84)
    Allan K. Briney, MD, San Ysidro, CA (R52)
    Barry G. Brotman, MD, Bethesda, MD (M84)
    John Burbank, MD, Middlebury, VT (R49)
    Marie A. Capitanio, MD, Hatboro, PA (R71)
    William A. Cassada Jr, MD, Crozet, VA (R71)
    Stephen T. Chiu, MD, Oak Brook, IL (R76)
    Craig M. Coulam, MD, Nashville, TN (R77)
    Beth M. Deutch, MD, Rumson, NJ (M87)
    Gerald D. Dodd Jr, MD, Houston, TX (R61)
    Maria D. Duque, MD, Sunny Isles Beach, FL (M01)
    Hatto F. Fuchs, MD, Wurzburg, Germany (R84)
    John H. Grimm, MD, Kerrville, TX (R61)
    Sang Y. Han, MD, Birmingham, AL (R72)
    Ray A. Harron, MD, Bridgeport, WV (R87)
    Joseph J. Hazel, MD, Nepean, ON Canada (R64)
    Russell E. Herring Jr, MD, Crozet, VA (R66)
    Sumner Holtz, MD, Saint Louis, MO (R81)
    James D. Hood, MD, Midland, MI (M84)
    Theodore E. Hubbert, MD, Medford, OR (M94)
    Vincent P. Hughes, MD, Spokane, WA (R75)
    Richard G. Huss, MD, Appleton, WI (R80)
    Hirokazu Iwasaki, DDS, PhD, Tokushima, Japan (RS05)
    Eugene R. Jacobs, MD, Springfield, VA (R83)
    Vemblaserry Jayabalan, MD, Flint, MI (R72)
    Ferenc A. Jolesz, MD, Boston, MA (M96)
    Glenn M. Jones, MD, Lubbock, TX (R61)
    Bernard H. Kampschroer, MD, Lady Lake, FL (R76)
    Monty P. Karoll, MD, Quincy, IL (M82)
    Melvyn J. Katzen, MD, Punta Gorda, FL (R77)
    Jeremy J. Kaye, MD, Nashville, TN (M81)
    Brock T. Ketcham, MD, MPH, Shaftsbury, VT (R91)
    Kenneth D. Keusch, MD, Miami, FL (R70)
    George A. Kunkel, MD, Uniontown, PA (R69)
    Marc S. Lapayowker, MD, Philadelphia, PA (R63)
    Anna S. Lev-Toaff, MD, Philadelphia, PA (M82)
    Julian R. Lewin, MD, Aspinwall, PA (R46)
    William F. Lynch Jr, MD, Madison, MS (R67)
    William Martel, MD, Ann Arbor, MI (R61)
    Philip V. Matlock, MD, Glendora, CA (R76)
    Wilbur S. Mellon Jr, MD, Sarasota, FL (R60)
    Winston A. Mitchell, MD, Seaside, OR (R71)
    Sean M. Muldowney, MD, Park City, UT (R82)
    Ray W. Perryman, MD, Richardson, TX (R74)
    Paul D. Quist, MD, Gresham, OR (M86)
    Bernard Z. Reizner, MD, Jackson, MI (R59)
    James W. Ryel, MD, Jackson, WY (R61)
    John J. Schlueter, MD, Salem, SC (R65)
    William E. Shiels, MD, Dublin, OH (M85)
    Warren K. Sinclair, PhD, Escondido, CA (R55)
    Edward B. Singleton, MD, Houston, TX (R57)
    John E. Temple, MD, Franklin, MI (R77)
    John W. Travis, MD, Kansas City, MO (R60)

    FINANCIAL STATEMENTS

    The financial statements for the fiscal year ended June 30, 2015, reflect positive earnings for the Society.

    The Society continues to experience financial growth. This is 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.

    BKD LLP completed its annual audit of the Society's financial statements issuing an unmodified opinion, indicating that BKD LLP found no material differences to the financial information presented in the Society's year-end financial statements. In addition BKD 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 BKD LLP, as of June 30, 2015. 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.

    Richard L. Baron, MD 
    Secretary-Treasurer 

    Statement of Financial Position
    June 30, 2015

    ASSETS

     

    Cash and Short-Term Investments

    $4,555,117  

    Receivables and Other Current Assets

    5,195,011  

    Long-Term Investments  

      117,843,946  

    Property, Furniture and Equipment

    21,758,468  

    Total Assets

    $149,352,542

     

    Liabilities and Net Assets

     

    Accounts Payable and Short-Term Debt

    $3,547,744  

    Deferred Revenue

    14,113,441  

    Long-Term Debt and Other Long-Term Liabilities

    1,642,452  

    Net Assets:

     

      Unrestricted:

     

         Undesignated

    57,728,681  

    Designated-Research and Education Foundation

    46,322,232  

      Restricted:

     

        Temporarily restricted

    2,898,016  

        Permanently restricted

    23,099,976

    Total net assets

    130,048,905  

    Total Liabilities and Net Assets

    $149,352,542

     

    Statement of Activities
    Year ending June 30, 2015
     

    REVENUE

     

    Membership Services

    $6,348,925

    Publications and Educational Materials

    13,099,090  

    Annual Scientific Assembly

    24,901,835  

    Investment Earnings

    7,573,228  

    Contributions

    2,856,910  

    Total Revenue

    $54,779,988  

     

    EXPENSES

     

    Membership Services

    $7,071,865

    Publications and Educational Materials

    17,683,964  

    Annual Scientific Assembly

    15,298,375  

    Research and Education Foundation

    5,288,144  

    Depreciation

    1,277,841  

    Total Expenses

    $46,620,189  



    Excess of operating revenue over operating expenses

    $8,159,799  

    Federal and state income tax expense           

    (89,961)

    Non operating income

    (301,785)  

    Increase in net assets before unrealized gain (loss) on investments

    $7,768,053  

    Unrealized gain (loss) on valuation of investments and interest rate swap

    $5,705,685

     

    Increase in Net Assets

    $2,062,368

    Net Assets at beginning of year

    $127,986,537

    Net Assets at end of year

    $130,048,905

    2015 Total Revenue pie chart

    2015 Total Expense pie chart

     

    Richard L. Baron, MD Secretary-Treasurer