Theresa C. McLoud, M.D.
Secretary-Treasurer |
I am pleased to report that the Society accepted 3,318 new members during the year 2007.
We annually promote membership in our Society to new radiology residents and medical students. Through this year's promotional efforts 2,455 radiology residents and medical students joined the Society (1,139 new Members-in-Training, 870 new Corresponding Members-in-Training, 109 Fellows, and 337 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 |
| 2006 | 19,085 | 869 | 991 | 7,750 | 2,957 | 4 | 4,177 | 66 | 4,246 | 10 | 40,155 |
| 2007 | 19,440 | 811 | 1,082 | 8,014 | 3,183 | 4 | 4,292 | 64 | 4,385 | 24 | 41,299 |
| Net Difference | 355 | -58 | 91 | 264 | 226 | 0 | 115 | -2 | 139 | 14 | 1,144 |
I regret to report the passing of the colleagues named below as of October 31, 2007. 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 11/1/06 - 10/31/07 Saroja Adusumilli, M.D., Ann Arbor, MI (M03)
Thomas D. Allison, M.D., Lima, OH (R51)
Stephen G. Babel, M.D., Albuquerque, NM (M84)
John F. Bacon, M.D., Santa Rosa, CA (R47)
Maurice L. Bogdonoff, M.D., Wheaton, IL (R60)
Reynold F. Brown, M.D., Alamo, CA (R59)
Charles J. Buhrow, M.D., Oceanside, CA (R60)
Angus J. Campbell, M.D., Halifax, NS Canada (R72)
John A. Campbell, M.D, Los Angeles, CA (R43)
Rosauro A. Castillo, M.D., Pinellas Park, FL (R66)
Hon Chong Chang, M.D., Honolulu, HI (R48)
Jen Hung Chao, M.D., Elmhurst, IL (R64)
William C. Conrad III, M.D., Columbus, OH (M05)
Dean C. Cooper, M.D., Punta Gorda, FL (R51)
Leon J. Corbin, M.D., Douglaston, NY (R71)
Thomas P. Cotter, M.D., Riverside, CA (R59)
Carlo A. Cuccia, M.D., Delray Beach, FL (R68)
Patsy Desimone, M.D., Pasadena, CA (M88)
Peter A. Diemer, M.D., Saint Louis, MO (R65)
Glen D. Dobben, M.D., Michigan City, IN (R75)
James F. Dougherty, M.D., Sea Girt, NJ (R76)
Joseph J. Drugay, M.D., Tucson, AZ (R69)
Howard B. Eisen, M.D., Pittsburgh, PA (R67)
Louis D. Ellis, D.O., Cherry Hill, NJ (R72)
Thomas V. Finley, M.D., Spokane, WA (R84)
Gerhardt R. Fitz, D.O., Rodney, MI (R73)
Edward E. Fong, M.D., Martinez, CA (R42)
Morton G. Fried, M.D., Margate City, NJ (R85)
Gerold F. Garrett, M.D., Mukilteo, WA (R73)
Eugene Gedgaudas, M.D., Jupiter, FL (R68)
Raziel Gershater, M.D., Toronto, ON Canada (M85)
Barnard Hall, M.D., Saint Paul, MN (R52)
Bernard Halper, M.D., Scottsdale, AZ (R54)
Robert W. Hanf, M.D., Kennewick, WA (R68)
Raymond W. Hartwig, M.D., Shawnee Mission, KS (R71)
Homer V. Hartzell, M.D., Kihei, HI (R41)
Raymond F. Healey, M.D., New York, NY (R62)
Charles R. Henkelmann, M.D., Bonita, CA (R73)
Mortimer B. Hermel, M.D., Palm Beach Gardens, FL (R49)
Clarence T. Hill, Jr., M.D., Ponca City, OK (R66)
Hal R. Hirleman, M.D., Cedar Rapids, IA (R50)
Fred J. Hodges III, M.D., Saint Louis, MO (R84)
Jerry C. Holton, M.D., Little Rock, AR (R73)
Janice L. Huffman, M.D., Toronto, ON Canada (R71)
Rolf M. Iverson, M.D., Sunset, SC (R44)
Henry L. Jaffe, M.D., Rancho Mirage, CA (R45)
Charles K. Jenkins, M.D., Houston, TX (M86)
Thomas H. Johnson, Jr., M.D., Oklahoma City, OK (M65)
John C. Jowett, M.D., Orlando, FL (R58)
Karl F. Kesmodel, Jr., M.D., Birmingham, AL (R52)
Ilmar O. Kiesel, M.D., Beaverton, OR (R62)
Eugene F. Kralicek, M.D., Saint Paul, MN (R84)
Alex Krinker, M.D., Aventura, FL (A05)
Joseph F. Linsman, M.D., Los Angeles, CA (R44)
Josef A. Lissner, M.D., Munich, Germany (H90)
Leonidas R. Littleton, Jr., M.D., Winston-Salem, NC (R57)
Gunnar B. Lund, M.D., New Market, MD (M95)
Edward S. Magnus, M.D., Barrington Hills, IL (R83)
Charles K. Mahaffey, M.D., Danville, KY (R61)
Max W. Mattes, M.D., West Lafayette, IN (R57)
Paul M. Meadows, M.D., Dover, DE (R59)
Jarrell E. Miller, M.D., Dallas, TX (R48)
Tom R. Miller, M.D., Ph.D., Saint Louis, MO (M78)
Joseph A. Moriarty, M.D., Lanesboro, MA (M00)
James S. Myers, Jr., M.D., Dalton, GA (R72)
Saravanan Namasivayam, M.D., D.N.B., Boston, MA (G02)
Robert A. Nebesar, M.D., Canton, MA (R65)
Paul F. New, M.D., Marblehead, MA (R65)
Abraham J. Nicholas, M.D., Shreveport, LA (R58)
Bjorn E. Nordenstrom, M.D., Ronninge, Sweden (H93)
David G. Ostrolenk, M.D., New York, NY (R61)
Arthur L. Ovregaard, M.D., Corvallis, OR (R56)
Saul L. Parks, M.D., Coronado, CA (R49)
Dennis D. Patton, M.D., Oakland, CA (R73)
Elmer C. Paulson, M.D., Saint Paul, MN (R52)
Bertram L. Pear, M.D., Denver, CO (R58)
Carrell A. Peterson, M.D., Oakland, CA (R50)
Charles R. Porter, D.O., Pontiac, IL (R79)
J. Richard Raines, M.D., Portland, OR (R49)
Bhaskara K. Rao, M.D., M.S., Chicago, IL (M78)
Warren E. Richard, M.D., Hastings, NE (R53)
Paul A. Riemenschneider, M.D., Santa Barbara, CA (R51)
Albert F. Rocco, M.D., Greenville, RI (R73)
James V. Rogers, Jr., M.D., Oldsmar, FL (R54)
Seyed A. Rooholamini, M.D., Granada Hills, CA (M86)
Eugene L. Saenger, M.D., Cincinnati, OH (M48)
Ferdinand A. Salzman, M.D., Walnut Creek, CA (R55)
Bernard F. Sams, M.D., Louisville, KY (R71)
Nikolaus Schad, M.D., Passau, Germany (R75)
Scott J. Schulte, M.D., Seattle, WA (M90)
William B. Shelton, M.D., Lufkin, TX (R77)
George W. Smith, Jr., M.D., West Columbia, SC (R50)
Julius Smith, M.D., New York, NY (R78)
Elmer E. Stickley, Ph.D., Mechanicsville, VA (R52)
Walter L. Stilson, M.D., Loma Linda, CA (R40)
Joseph Tabrisky, M.D., Rancho Palos Verdes, CA (R66)
J. George Teplick, M.D., Philadelphia, PA (R52)
William N. Thomas, Jr., M.D., McLean, VA (R51)
Jay M. Veenendaal, M.D., Redkey, IN (R83)
Oliver H. Vreeland, M.D., Forest Grove, OR (R60)
Chiu-Chen Wang, M.D., Lincoln, MA (R60)
Jeffrey P. Weiss, M.D., Philadelphia, PA (M98)
Charles W. Werley, M.D., Bethlehem, PA (R51)
Kenneth H. White, Jr., M.D., Farmington, CT (R67)
Audrey L. Wilson, M.D., Ponte Vedra Beach, FL (R50)
David M. Witten, M.D., Columbia, MO (R62)
Henry W. Wood, M.D., Norfolk, VA (R51)
Heber E. Yeagley, M.D., Wexford, PA (R61)
Gerhard Zechner, M.D., Klagenfurt, Austria (R82)
Alvin A. Zeman, M.D., Elgin, IL (R48)
William J. Zontine, D.V.M., Vista, CA (R55)
Financial Statements
The financial statements for the fiscal year ended June 30, 2007, 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.
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, 2007. 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.
Theresa C. McLoud, M.D.
Secretary-Treasurer
Statement of Financial Position
June 30, 2007 |
| ASSETS |
| Cash and Short-Term Investments | $6,103,185 |
| Receivables and Other Current Assets | 4,151,171 |
| Long-Term Investments | 70,420,475 |
| Property, Furniture and Equipment | 23,045,433 |
| Total Assets | $103,720,264 |
|
| Liabilities and Fund Balance |
| Accounts Payable and Short-Term Debt | $1,938,135 |
| Deferred Revenue | 11,517,855 |
| Long-Term Debt and Other Long-Term Liabilities | 9,589,629 |
| Net Assets: |
| Unrestricted: |
| Undesignated | 35,030,062 |
| Designated-Research and Education Foundation | 27,556,466 |
| Restricted: |
| Temporarily restricted | 4,241,141 |
| Permanently restricted | 13,846,976 |
| Total net assets | 80,674,645 |
| Total Liabilities and Net Assets | $103,720,264 |
Statement of Activities
Year ending June 30, 2007 |
| REVENUES |
| Membership Services | $4,350,169 |
| Publications and Educational Materials | 11,034,899 |
| Annual Scientific Assembly | 23,961,123 |
| Investment Earnings | 6,058,620 |
| Contributions | 2,245,098 |
| Total Revenues | $47,649,909 |
|
| EXPENSES |
| Membership Services | $4,149,760 |
| Publications and Educational Materials | 14,876,747 |
| Annual Scientific Assembly | 13,945,719 |
| Research and Education Foundation | 2,784,306 |
| Depreciation | 922,107 |
| Total Expenses | $36,678,639 |
|
| Increase in net assets before unrealized gain (loss) on investments | $10,971,270 |
| Unrealized gain (loss) on valuation of investments and interest rate swap | 2,969,206 |
|
| Increase in Net Assets | $13,940,476 |
| Net Assets at beginning of year | 66,734,169 |
| Net Assets at end of year | $80,674,645 |
