Society of Radiologists in Ultrasound Foundation EIN 32-0231192

Society of Radiologists in Ultrasound Foundation

EIN  32-0231192 Supporting organization Tampa, FL
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Advances ultrasound and radiology through research and education.
Leadership
Mark E Lockhart · President
Money in and out
$50K revenue, $41K expenses
Bottom line
+18% net inflow

Advances ultrasound and radiology through research and education. For fiscal year 2025 it reported $50K in revenue, $41K in expenses, and $717K in net assets.Pt I

Money in and out · FY2025
Total revenue
$50K
Pt VIII · Ln 12
Total expenses
$41K
Pt IX · Ln 25
Net assets
$717K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Net inflow
+18%
revenue over expenses, this year▼ -49% vs prior filing year
Pass-through gifts
32%
of revenue from contributions▲ +67% vs prior filing year
Program spending
79%
of expenses reach stated programs▲ +1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$50K
FY2025▼ -28%
Expenses
$41K
FY2025▼ -9%
Total assets
$721K
FY2025▲ +4%
Total liabilities
$4K
FY2025▲ ×74
Total revenue
$50K
Pt VIII · Ln 12
Total expenses
$41K
Pt IX · Ln 25
Net assets
$717K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9K
Total assetsPt X · Ln 16$721K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $32K of program spending, described in the organization's own filed words · FY2024.
01

Educational Programs

Educating the public about the use of ultrasound in radiology, and engaging in research, into the science of ultrasound in radiology.

$32Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSociety of Radiologists in Ultrasound Foundation
EINHdr · item D32-0231192
Principal addressHdr · item CTampa, FL
WebsiteHdr · item Jwww.sru.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S114)
Ruling yearIRS BMFFeb 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$34K · 68%
Contributions & grants$16K · 32%
Investment income68%$34K
Contributions & grants32%$16K
Total revenueLn 12$50K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$32K
Management & general21%$9K
Total functional expensesLn 25$41K

Balance Sheet

Part X · end of year
CashLn 1$21K
Total assetsLn 16$721K
Total liabilitiesLn 26$4K
Total net assetsLn 32$717K
Months of cash on handcomputed6.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $721K · Operating expenses/yr $41K
212.0 months
Where the money goes
Program services
Program services $32K · Total expenses $41K
79%
Management & General
Management & general $9K · Total expenses $41K
21%
Fundraising
Fundraising $0 · Total expenses $41K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $17K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $16K · Total revenue $50K
32%
Government reliance
Government grants — · Total revenue $50K
Earned-income share
Program service revenue $0 · Total revenue $50K
0%
Investment reliance
Investment income $34K · Total revenue $50K
+68%
Program self-sufficiency
Program service revenue $0 · Total expenses $41K
0%
Growth & trend
Revenue growth (YoY)
This year $50K · Prior year $69K
-28%
Revenue CAGR
FY2019 $44K · FY2024 $50K
+2%
Net-asset trend (YoY)
End of year $717K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $50K · Expenses $41K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $721K
Net-asset ratio
Net assets $717K · Total assets $721K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $700K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $721K
97%
People & payroll
Highest Reported Total Compensation
Individual Mark E Lockhart · Reported title President · Highest reported compensation $0 · Total expenses $41K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $41K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 0%
Revenue growth -28%
Investment management fee ratio 1%
Legal fee ratio 2%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$6K
Grants paid · 5 grants · $81K · 2022–2024
Unitemized GrantFY2024$22,288
Unitemized GrantFY2024$2,000
Unitemized GrantFY2023$27,500
Unitemized GrantFY2022$21,863

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$50K revenue · viewing · ⤓ 990 PDF
FY2024$69K revenue · ⤓ 990 PDF
FY2023$33K revenue · ⤓ 990 PDF
FY2022$48K revenue · ⤓ 990 PDF
FY2021$71K revenue · ⤓ 990 PDF
FY2020$44K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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