I am pleased to report that the Society accepted 3,471 new members during the year 2005.
We annually promote membership in our Society to new radiology residents and medical students. Through this year's promotional efforts 2,653 radiology residents and medical students joined the Society (1,251 new Members-in-training, 963 new Corresponding Members-in-training, 108 Fellows, and 331 Medical Students). We are pleased to see these 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 |
Totals |
2004 |
18,565 |
1,069 |
666 |
6,593 |
1,943 |
4 |
3,962 |
61 |
4,037 |
36,900 |
2005 |
18,812 |
856 |
829 |
7,159 |
2,443 |
4 |
4,045 |
64 |
4,095 |
38,307 |
Net Difference |
247 |
-213 |
163 |
566 |
500 |
0 |
83 |
3 |
58 |
1,407 |
In 2005, seven Counselors retired from their positions and each nominated an individual to be considered as their successors in 2005. The new Counselors were approved at the September meeting of the RSNA Board of Directors.
I regret to report the passing of the colleagues named below as of October 31, 2005. The Society mourns their deaths, comforted by the knowledge of their many devoted services to the health and wellbeing of the communities in which they practiced medicine.
Deceased RSNA Members from 11/1/04 - 10/31/05
R59 Gordon H. Algie, MD Sault Ste Marie ON CANADA
R58 Abraham Edward Alpert, MD Woodbridge CT
R63 Donald Hood Anderson, MD Panama City FL
M86 James T. Arnold, MD Tulsa OK
M03 Yahya M. Berkmen, MD New York NY
M61 Norman Blank, MD Stanford CA
R68 Ernest H. Braukman, MD Saint Petersburg FL
R73 Anthony J. Bravo, MD Fairfield CT
R53 Dorr H. Burns, MD Grand Junction CO
R76 Ronald Fleming Calkins, MD White Stone VA
R76 John Roderick Cameron, PhD Gainesville FL
R48 Russell Joseph Catalano, MD Beaumont TX
R50 Judson Ireland Chalkley, MD Nicholasville KY
R76 A. Brooks Chapman, MD Dallas TX
R73 Charles W. Coop, MD Nanaimo BC CANADA
R58 Millard Norval Croll, MD King of Prussia PA
R53 Frank McLellan Dain III, MD Durham NC
M84 Kelvin S. Danielson, MD Payson AZ
R36 Anthony James Delario, MD Chestertown MD
R55 Raymond E. Dixon, MD Cheyenne WY
M81 Charles A. Durrell III, MD Southern Pines NC
R55 Robert Bray Engle, MD Laguna Beach CA
R70 George Farmlett, MD Laconia NH
R81 Constantine W. Flevares, MD Yankton SD
M68 Harold L. Floyd, MD Richmond VA
M86 Gregory Scott Foster, DO Annandale NJ
R59 Fredie P. Gargano, MD Miami FL
M69 Henry I. Goldberg, MD Tiburon CA
M76 Ira J. Gordon, MD Pine Bluff AR
R72 William H. Greendyke, MD Plattsmouth NE
R48 Maurice M. Haskell, MD Castro Valley CA
R66 Robert D. Heilman, MD De Tour Village MI
R53 Eugene L. Hendershot, MD Evansville IN
R53 Sidney Hendler, MD Pompano Beach FL
C98 Jan H.C.L. Hendriks, MD, PhD Molenhoek NETHERLANDS
R68 Stanley E. Hodges, Jr, MD Plano TX
R77 Bevley Dan Holt, MD Greeneville TN
M85 Teresa J. Huggins, MD San Antonio TX
R60 David W. Hughes, MD Bruce Mines ON CANADA
R60 David A. Huot, MD Pittsburgh PA
R63 A. Rehai Islam, MD Bremerton WA
R67 Joseph Israel, MD West Orange NJ
R66 Newton R. Jackson, MD Escondido CA
R61 Ahren Jacobson, MS Louisville KY
R77 Rudolph J. Junda, MD Sherborn MA
R58 John J. Kane, MD Holden Beach NC
R59 Gustave Kaplan, MD Miami FL
C92 Luiz Karpovas, MD Sao Paolo SP BRAZIL
R82 Ronald C. Kelly, MD Bristol TN
R55 Harold M. Landsman, MD Longmont CO
R54 John Seth Laughlin, PhD Scarsdale NY
R72 Robert E. Lawler, MD Cocoa FL
R58 Thomas C. Lipscomb, MD Wauwatosa WI
R59 Stanley J. Lucas, MD Cincinnati OH
M83 Robert J. Lull, MD San Francisco CA
R68 James P. Mac Laughlin, MD Pasadena CA
R47 Francis J. Mantell MD Springfield MO
M89 David C. McMurray, MD San Antonio TX
R59 Charles F. Melchor, Jr, MD Myrtle Beach SC
C89 Franz R. Miess, MD Linz AUSTRIA
R42 Lawson E. Miller, Jr, MD North Palm Beach FL
R62 Alvin Nathan, MD Fort Myers FL
R53 James F. Nelson, MD Redmond WA
R67 Wilson Gault Newell, MD Brighton MI
R61 Gregory B. Nichols, MD Wilsonville OR
R63 Robert H. Nickau, MD Lakeland FL
RC87 Cordula A. Nithakorn, MD Munich GERMANY
R54 Seymour Fiske Ochsner, MD Metairie LA
R66 William Robert Oris, MD Galion OH
R66 James Harold Owsley, MD Hickory NC
M57 Robert G. Parker, MD Los Angeles CA
M74 Robert E. Pearson, MD Deerfield Beach FL
M97 Brian J. Penrod, MD San Antonio TX
R79 James A. Petersen, MD Bedford MA
R73 Edward Rogow, MD Pittsburgh PA
M83 Simon M. Roman-Goldstein, MD Portland OR
M84 Tony J. Ryals, MD Zachary LA
R79 Walter T. Sale, MD Duluth GA
R53 Nathan P. Salner, MD West Hartford CT
M82 Stanley N. Schatzman, MD New York NY
M98 Rupert Schmidt-Ullrich, MD Richmond VA
R52 Hildegarde A. Schorsch, MD Chicago IL
RC87 Henri E. Schutte, MD Wassenaar NETHERLANDS
R50 Robert D. Shepard, MD Lexington KY
M76 Kenneth K. Shin, MD Orland Park IL
R58 Ellis L. Silberman, MD Encino CA
R46 Harry Slobodin, MD Evanston IL
R76 Vernon I. Smith, Jr, MD Memphis TN
M85 Robert E. Speir, Jr, MD Myrtle Beach SC
R57 George N. Stein, MD Villanova PA
M65 Harald O. R. Stolberg, MD Hamilton ON CANADA
M75 Terry Jean Swaim, MD Rogers AR
L28 Lauriston S. Taylor, ScD Mitchellville MD
M90 Richard J. Tello, MD Wellesley MA
C94 Francois Terrier, MD Geneva 14 SWITZERLAND
R81 John P. Thomas, MD Trinidad CO
R61 H. Melvin Vaughn, MD Birmingham AL
RC54 Halvor Vermund, MD Eiksmarka NORWAY
R55 Benedict Vicas, MD Burlingame CA
R61 William Allison Vint, MD Pasadena TX
R52 Herbert Hughes Virden, MD Paradise Valley AZ
R63 Dewitt Edlay Wold, MD Seattle WA
R70 Joseph Ottis Wood, MD McComb MS
M74 Stephen A. Zinn, MD Jersey City NJ
Financial Statements
The financial statements for the fiscal year ended June 30, 2005, reflect positive earnings for the Society.
For the fourth straight year the RSNA has experienced financial growth due to controlling its expenses and maintaining its revenue sources. In addition, the Society's investment portfolios had positive returns. This is especially important for the Society's Research and Education Foundation, as its ability to fund grants is directly impacted by the return on investments. The continue financial growth of the Society has helped increase its reserves, which helps protect the 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, 2005. 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.
Statement of Financial Position |
June 30, 2005 |
ASSETS |
Cash and Short-Term Investments |
$8,096,245 |
Receivables and Other Current Assets |
3,047,634 |
Long-Term Investments |
49,050,987 |
Property, Furniture and Equipment |
20,600,788 |
Total Assets |
$80,795,654 |
|
Liabilities and Fund Balance |
Accounts Payable and Short-Term Debt |
$1,603,001 |
Deferred Revenue |
10,707,186 |
Long-Term Debt and Other Long-Term Liabilities |
11,596,585 |
Net Assets: |
Unrestricted: |
Undesignated |
21,654,429 |
Designated-Research and Education Foundation |
20,092,838 |
Restricted: |
Temporarily restricted |
2,881,639 |
Permanently restricted |
12,259,976 |
Total net assets |
56,888,882 |
Total Liabilities and Net Assets |
$80,795,654 |
|
|
Statement of Activities |
Year ending June 30, 2005 |
REVENUES |
Membership Services |
$4,477,669 |
Publications and Educational Materials |
10,262,776 |
Annual Scientific Assembly |
19,951,474 |
Investment Earnings |
2,890,511 |
Contributions |
1,850,646 |
Total Revenues |
$39,433,076 |
|
EXPENSES |
Membership Services |
$3,125,034 |
Publications and Educational Materials |
12,467,453 |
Annual Scientific Assembly |
12,802,429 |
Research and Education Foundation |
2,797,103 |
Depreciation |
1,298,902 |
Total Expenses |
$32,490,921 |
|
Increase in net assets before unrealized gain (loss) on investments |
$6,942,155 |
Unrealized gain (loss) on valuation of investments and interest rate swap |
16,081 |
|
Increase in Net Assets |
$6,958,236 |
Net Assets at beginning of year |
49,930,646 |
Net Assets at end of year |
$56,888,88 |
Robert R. Hattery, M.D.
RSNA President-elect/Secretary-Treasurer