National Board of Medical Examiners (EIN 231352238) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1915

Legal Domicile

Phone

2155909500

Tax Period

2023-01-01 to 2023-12-31

National Board of Medical Examiners, founded in 1915, is a major nonprofit in the Health Care sector that reported $174.2M in total revenue in fiscal year 2023. Expenses of $163.7M left a modest 6% surplus.

Mission

NBME advances assessment of healthcare professionals to achieve optimal care for all.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $163,555,906

Investment Income $10,615,609

Other Revenue $-12,159

TOTAL REVENUE $174,159,356

Expense Breakdown

Grants Paid $1,373,496

Salaries & Benefits $88,849,846

Fundraising Expenses $0

Program Expenses $132,125,363

Other Expenses $73,512,105

TOTAL EXPENSES $163,735,447

Year-over-Year Comparison

	2023	2022	Change
Revenue	$174,159,356	$170,264,713	+0.0%
Expenses	$163,735,447	$147,523,156	+0.1%
Net Income	$10,423,909	$22,741,557	-0.5%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

657

Volunteers

559

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$4,932,103

Total Directors

$1,635,181

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter J Katsufrakis	President & CEO	45.00	Officer Director	$1,240,803	$356,199	$1,597,002
John J Hinke Jr	SVP & CFO	45.00	Officer	$345,237	$204,556	$549,793
Michael G Jodoin	SVP, C&P Mgmt	45.00	Officer	$381,908	$154,451	$536,359
Michael A Barone	VP, CBA	45.00		$414,880	$101,435	$516,315
Ye Tong	SVP, Assessment	45.00	Officer	$385,616	$122,171	$507,787
Linda M Gadsby	SVP, Gen Couns	45.00	Officer	$385,923	$113,806	$499,729
Brian E Clauser	Dist Research Sci	45.00		$322,091	$162,119	$484,210
Pamela L Treves	SVP, Growth	45.00	Officer	$334,143	$133,699	$467,842
Andrew F Farella	SVP & CIO	45.00	Officer	$329,701	$130,489	$460,190
Christopher A Feddock	AVP, CBA	45.00		$394,321	$56,594	$450,915
Alex J Mechaber	VP, USMLE	45.00		$389,958	$55,198	$445,156
Kenneth W Ridgley	VP, Test Dev Srvs	45.00		$327,504	$77,917	$405,421
Janelle R Endres	VP, Human Resources	45.00		$255,162	$106,474	$361,636
Antionette Crockrell	VP, Business Dev	45.00		$276,661	$68,844	$345,505
Elisa K Moll	VP, Strategy Management	45.00		$236,855	$72,923	$309,778
Susan A Deitch	Secretary	45.00	Officer	$184,371	$113,268	$297,639
Lisa M Rawding	SVP, Growth & Innovation	0.00		$183,344	$0	$183,344
Uchenna C Kwentoh	VP, Marketing & Strategic Comm	45.00		$149,700	$24,395	$174,095
Reena Karani	Chair	4.00	Officer Director	$6,757	$0	$6,757
Maya Hammoud	Director	3.00	Director	$6,608	$0	$6,608
Patricia A King	Director	3.00	Director	$5,306	$0	$5,306
David A Milling	Treasurer	4.00	Officer Director	$5,015	$0	$5,015
Danny M Takanishi Jr	Director	3.00	Director	$3,000	$0	$3,000
Joshua D Nosanchuk	Director	3.00	Director	$2,503	$0	$2,503
Marie Foley	Vice Chair	4.00	Officer Director	$2,487	$0	$2,487
Alfred F Tallia	Past Chair	4.00	Officer Director	$1,503	$0	$1,503
Jon Thomas	Director	3.00	Director	$1,400	$0	$1,400
Suzanne T Anderson	Director	3.00	Director	$1,300	$0	$1,300
Zachary E Weismann	Director	3.00	Director	$1,300	$0	$1,300
Kamili A Wilson	Director	3.00	Director	$1,000	$0	$1,000

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$174,159,356	$163,735,447	$444,844,524	$10,423,909
2022	$170,264,713	$147,523,156	$408,783,672	$22,741,557
2021	$198,319,114	$147,446,165	$441,118,666	$50,872,949
2020	$147,961,859	$158,761,733	$396,621,143	$-10,799,874
2019	$180,705,162	$177,615,287	$397,806,467	$3,089,875
2018	$175,436,266	$172,353,556	$337,351,702	$3,082,710

National Board of Medical Examiners