Fair Money & Economic Opportunity

Fonar Corporation is a medical technology company.

The provided articles, which include financial reports and market data, do not contain any specific, concrete data points related to financial services, lending practices, customer financial outcomes, or financial literacy initiatives. Therefore, no evidence is available to score any of the KPIs under the 'Fair Money & Economic Opportunity' value.

Fair Pay & Worker Respect

No specific, quantifiable data is available for any of the KPIs under Fair Pay & Worker Respect. While Fonar Corporation had approximately 520 employees as of September 12, 2024,

and maintains a self-funded health insurance program, the percentage of the workforce covered by this insurance is not disclosed. Similarly, CEO compensation was reported as $372,885 in 2024, but median employee pay is not provided, preventing the calculation of a pay ratio. A $6,000 OSHA penalty was issued in 2004 for a workplace safety violation, but this falls outside the 'past three years' scope for labor violation incidents. Employee review ratings for 'pay and benefits' are available, but these are not formal worker engagement scores. No data is available for living wage coverage, collective bargaining share, safety incident rate, pay equity ratio, insecure contract share, or turnover rate.

Honest & Fair Business

FONAR Corporation has an Ethics Hotline/Whistleblower Program that provides a confidential and anonymous method for employees to report improper conduct, with a promise of no retribution.

The program is communicated to employees, who acknowledge receipt in writing. The Audit Committee is responsible for receiving reports, and employees can escalate concerns directly to the external auditor, Marcum LLP, if remedial action is not taken. The company's internal complaint procedure states that all complaints are referred to the personnel department for prompt, thorough investigation, and the complaining party is advised of the results and any corrective action. The Audit Committee consists only of independent directors, specifically Charles O´Data and Ronald Lehman, and no member may serve on more than three public company audit committees without Board approval. The company has an FCPA-compliant anti-corruption policy that prohibits payments, gifts, or entertainment to foreign governmental officials without prior CEO authorization and forbids requests for special billing suggesting legal violations. The company is ISO 13485 Registered, and the Audit Committee has final authority in selecting auditors, with an option for employees to report directly to the external auditor if appropriate remedial action is not taken. An investigation by Ademi LLP is underway regarding potential breaches of fiduciary duty due to the acquisition group including members of FONAR's management and board, who will receive substantial benefits, and the transaction agreement imposing a significant penalty if a competing bid is accepted.

Kind to Animals

Fonar Corporation has a stated policy of "No animal exploitation."

Given the company's business of manufacturing MRI scanners, this policy is interpreted as a global corporate ban on all animal testing across every product category. For KPIs related to animal testing volume, alternative testing usage, cruelty-free certifications, humane certifications for animal operations, wildlife conservation, ethical input substitution, supplier audits for animal welfare, cage-free sourcing, R&D investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, and public policy engagement on animal welfare, the company's core business model means these are not applicable, or there is no specific quantitative data provided to assess them beyond the general 'no exploitation' statement.

No War, No Weapons

Fonar Corporation's core business is the design, manufacture, sale, and service of MRI scanners for medical diagnosis, and the provision of diagnostic services.

The company was awarded a one-year contract by the Defense Supply Center Philadelphia (DLA) in May 2006 to supply Upright MRI scanners to U.S. military hospitals, clinics, and other federal agencies. While this is a defense contract, it is for medical equipment and not direct arms revenue, aligning with 'minor defense-adjacent services'. The company does not develop or sell dual-use products, nor is there evidence of sales to embargoed regimes. Fonar states it does not make corporate political contributions, indicating no defense-related lobbying. There is no evidence of AI systems used militarily, codified ethical red lines related to weapons, exposure to controversial weapons, or investment in peace technology.

Planet-Friendly Business

No specific, quantitative data is publicly available across the provided articles to assess Fonar Corporation against any of the Planet-Friendly Business KPIs. Multiple sources explicitly state that data for environmental metrics, including emissions, renewable energy use, water consumption, waste diversion, and climate targets, is not available or not publicly disclosed.

The company does not publish sustainability or ESG reports on recognized platforms.

Respect for Cultures & Communities

The provided articles, primarily financial reports, do not contain specific, quantifiable evidence related to Fonar Corporation's engagement with local communities, cultural preservation, or social impact. There is no data on formal partnerships, revenue reinvested locally, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, community governance inclusion, cultural preservation investment, local procurement, indigenous suppliers, cultural site protection, social license, charitable giving to cultural organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion.

Therefore, no KPIs under the 'Respect for Cultures & Communities' value can be scored based on the available information.

Safe & Smart Tech

The company has no documented data breaches or unauthorized data use incidents.

All employees receive cybersecurity training during onboarding and throughout the year. The company employs standard security protocols, including password maintenance, multi-factor identification, and penetration testing, and has a cybersecurity risk management strategy. HMCA assists clients in implementing programs and procedures to ensure regulatory compliance, including HIPAA, and is responsible for billing and collection of revenues from third-party payors. FONAR and its subsidiary HMCA are subject to and maintain programs to monitor compliance with various federal and state laws and regulations, including FDA regulations for MRI scanners, HIPAA, and the HITECH Act. The company also states it employs physical and electronic safeguards to control access to systems and data.