Radiological Society Of Connecticut Inc
Radiological Society of Connecticut: Stable Finances, Low Revenue, and High Administrative Costs
EIN: 223030250 · Hartford, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $183K |
| Total Expenses | $152K |
| Program Spending | 50% |
| Net Assets | $490K |
| Transparency Score | 65/100 |
Is Radiological Society Of Connecticut Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Radiological Society Of Connecticut Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Radiological Society Of Connecticut Inc
Radiological Society Of Connecticut Inc (EIN: 223030250) is a nonprofit organization based in Hartford, CT. The organization reported total revenue of $183K and total assets of $515K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Radiological Society Of Connecticut Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Radiological Society Of Connecticut Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $277K |
| Total Expenses | $152K |
| Surplus / Deficit | +$125K |
| Total Assets | $490K |
| Net Assets | $490K |
| Operating Margin | 45.1% |
| Months of Reserves | 38.8 months |
Financial Health Grade: A
In 2023, Radiological Society Of Connecticut Inc reported a surplus of $125K with revenue exceeding expenses, holds 38.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Radiological Society Of Connecticut Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +134.2% | +4.0% | +34.2% |
| 2022 | -25.0% | +30.5% | -7.1% |
| 2021 | -38.8% | -9.0% | +13.1% |
| 2020 | +67.0% | -23.3% | +63.3% |
| 2019 | +14.3% | +19.6% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Radiological Society Of Connecticut Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, Radiological Society Of Connecticut Inc allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $125K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation information is not disclosed in the provided data, suggesting it is either minimal or not reported separately in the available filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Radiological Society Of Connecticut Inc's IRS 990 filings:
- High administrative expenses relative to program spending, with 'x' (expenses) often exceeding 'r' (revenue) in several years (e.g., 202212: r118088, x145911).
- Lack of detailed program spending breakdown beyond general expenses.
- Revenue has fluctuated significantly over the years, from a low of $104,234 in 2017 to a high of $276,526 in 2023.
Strengths
The following positive indicators were identified for Radiological Society Of Connecticut Inc:
- Consistent asset growth over the past several years, from $217,939 in 2017 to $490,138 in 2023.
- Zero reported liabilities ('l0') across all provided years, indicating strong financial solvency.
- Maintains a positive asset base despite fluctuating revenues and occasional expense overruns.
Frequently Asked Questions about Radiological Society Of Connecticut Inc
Is Radiological Society Of Connecticut Inc a legitimate charity?
Radiological Society Of Connecticut Inc (EIN: 223030250) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $183K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Radiological Society Of Connecticut Inc spend its money?
Radiological Society Of Connecticut Inc directs 50% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Radiological Society Of Connecticut Inc tax-deductible?
Radiological Society Of Connecticut Inc is registered as a tax-exempt nonprofit (EIN: 223030250). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Radiological Society Of Connecticut Inc's spending goes to programs?
Radiological Society Of Connecticut Inc directs 50% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Radiological Society Of Connecticut Inc located?
Radiological Society Of Connecticut Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 223030250.
How many years of IRS 990 filings does Radiological Society Of Connecticut Inc have?
Radiological Society Of Connecticut Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $183K in total revenue.
What does Radiological Society Of Connecticut Inc do?
Radiological Society Of Connecticut Inc is a nonprofit organization in the Unknown sector, located in Hartford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Radiological Society Of Connecticut Inc have?
Radiological Society Of Connecticut Inc reported total revenue of $182,509. Based on 13 IRS 990 filings on record.
What are Radiological Society Of Connecticut Inc's total assets?
Radiological Society Of Connecticut Inc holds total assets of $514,579 as reported in IRS 990 filings.
Where is Radiological Society Of Connecticut Inc located?
Radiological Society Of Connecticut Inc is based in Hartford, Connecticut.
What is Radiological Society Of Connecticut Inc's EIN?
Radiological Society Of Connecticut Inc's Employer Identification Number (EIN) is 223030250. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Radiological Society Of Connecticut Inc?
Radiological Society Of Connecticut Inc is classified under NTEE code Unknown (Unknown).
Is Radiological Society Of Connecticut Inc a registered 501(c)(3)?
Radiological Society Of Connecticut Inc appears in IRS records (EIN: 223030250). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Radiological Society Of Connecticut Inc file IRS Form 990?
Yes, Radiological Society Of Connecticut Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Radiological Society Of Connecticut Inc's revenue in 2023?
In the 202312 filing period, Radiological Society Of Connecticut Inc reported total revenue of $276,526, total expenses of $151,724, and net assets of $490,138.
Is Radiological Society Of Connecticut Inc's revenue growing or declining?
Radiological Society Of Connecticut Inc's revenue is growing. Revenue went from $118,088 (202212) to $276,526 (202312), a +134.2% change. Based on 13 filings on record.
What is Radiological Society Of Connecticut Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Radiological Society Of Connecticut Inc covers tax period 202312. It shows revenue of $276,526, expenses of $151,724, total assets of $490,138, and liabilities of N/A.
How much does Radiological Society Of Connecticut Inc spend on programs vs administration?
Based on IRS 990 analysis, Radiological Society Of Connecticut Inc allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Radiological Society Of Connecticut Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Radiological Society Of Connecticut Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Radiological Society Of Connecticut Inc?
The following concerns were identified: High administrative expenses relative to program spending, with 'x' (expenses) often exceeding 'r' (revenue) in several years (e.g., 202212: r118088, x145911).. Lack of detailed program spending breakdown beyond general expenses.. Revenue has fluctuated significantly over the years, from a low of $104,234 in 2017 to a high of $276,526 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Radiological Society Of Connecticut Inc's strengths?
Positive indicators for Radiological Society Of Connecticut Inc include: Consistent asset growth over the past several years, from $217,939 in 2017 to $490,138 in 2023.. Zero reported liabilities ('l0') across all provided years, indicating strong financial solvency.. Maintains a positive asset base despite fluctuating revenues and occasional expense overruns.. These findings are derived from AI analysis of the organization's financial filings.
How does Radiological Society Of Connecticut Inc compensate executives?
Executive compensation information is not disclosed in the provided data, suggesting it is either minimal or not reported separately in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'l0' (zero liabilities) across all years, what specific strategies does the organization employ to maintain such a debt-free status, and how does this impact their operational flexibility?
The consistent zero liabilities suggest a conservative financial management approach, likely relying on current revenues and accumulated assets to cover expenses rather than debt financing. This provides significant operational flexibility by avoiding interest payments and debt covenants, but might also limit the scale of new initiatives if large capital outlays are required.
With 'x' (expenses) frequently exceeding 'r' (revenue) in several years (e.g., 202212), how does the organization sustain its operations and grow its assets ('a') without incurring liabilities?
The organization likely covers these shortfalls by drawing from its accumulated assets ('a'). The overall growth in assets despite periodic revenue deficits indicates that, over time, revenue has sufficiently outpaced expenses or that investment returns on existing assets contribute to growth, allowing them to absorb operational losses without needing external financing.
Filing History
IRS 990 filing history for Radiological Society Of Connecticut Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Radiological Society Of Connecticut Inc's revenue has grown by 214.7%, moving from $88K to $277K. Total assets increased by 276.4% over the same period, from $130K to $490K. Total functional expenses rose by 33.6%, from $114K to $152K. In its most recent filing year (2023), Radiological Society Of Connecticut Inc reported a surplus of $125K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $277K | $152K | $490K | $0 | — | View 990 |
| 2022 | $118K | $146K | $365K | $0 | — | View 990 |
| 2021 | $157K | $112K | $393K | $0 | — | View 990 |
| 2020 | $257K | $123K | $348K | $0 | — | View 990 |
| 2019 | $154K | $160K | $213K | $0 | — | View 990 |
| 2018 | $135K | $134K | $219K | $0 | — | View 990 |
| 2017 | $104K | $150K | $218K | $0 | — | View 990 |
| 2016 | $173K | $163K | $264K | $0 | — | View 990 |
| 2015 | $156K | $137K | $254K | $0 | — | View 990 |
| 2014 | $139K | $120K | $234K | $0 | — | View 990 |
| 2013 | $135K | $120K | $215K | $0 | — | View 990 |
| 2012 | $179K | $109K | $200K | $0 | — | View 990 |
| 2011 | $88K | $114K | $130K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $277K, expenses of $152K, and assets of $490K (revenue +134.2% year-over-year).
- 2022: Revenue of $118K, expenses of $146K, and assets of $365K (revenue -25.0% year-over-year).
- 2021: Revenue of $157K, expenses of $112K, and assets of $393K (revenue -38.8% year-over-year).
- 2020: Revenue of $257K, expenses of $123K, and assets of $348K (revenue +67.0% year-over-year).
- 2019: Revenue of $154K, expenses of $160K, and assets of $213K (revenue +14.3% year-over-year).
- 2018: Revenue of $135K, expenses of $134K, and assets of $219K (revenue +29.4% year-over-year).
- 2017: Revenue of $104K, expenses of $150K, and assets of $218K (revenue -39.7% year-over-year).
- 2016: Revenue of $173K, expenses of $163K, and assets of $264K (revenue +10.6% year-over-year).
- 2015: Revenue of $156K, expenses of $137K, and assets of $254K (revenue +12.8% year-over-year).
- 2014: Revenue of $139K, expenses of $120K, and assets of $234K (revenue +2.3% year-over-year).
- 2013: Revenue of $135K, expenses of $120K, and assets of $215K (revenue -24.2% year-over-year).
- 2012: Revenue of $179K, expenses of $109K, and assets of $200K (revenue +103.5% year-over-year).
- 2011: Revenue of $88K, expenses of $114K, and assets of $130K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Radiological Society Of Connecticut Inc:
Data Sources and Methodology
This transparency report for Radiological Society Of Connecticut Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.