Although operating revenue declined in 2013, the value of the total assets of the American College of Radiology (ACR) continues to climb.
The 2013 Financial Overview released by the ACR and Secretary-Treasurer Anne C. Roberts, MD, FACR, show that the total assets of the organization reached an unaudited amount of $158,063,219 this year. The ACR’s value has been growing at a steady rate for several years now.
However, for the first time in several years, the ACR’s operating revenue declined even as membership dues continued to rise.
Membership dues collected in 2013 totaled $15,274,085. But an even larger portion of ACR revenue comes from research funds plus quality and safety program fees. Research revenue in 2013 decreased $3,542,684 from the previous year to $42,275,621, according to the ACR's 2013 and 2012 online financial overviews. Quality and Safety program revenues declined $4,900,982 in 2013 to $31,156,824.
ACR program services that saw a corresponding small decline in spending this year naturally included clinical trials and research as well as quality and safety. The ACR also spent a little less on government relations, and economics and health policy. It increased spending on member and chapter services as well as education.