National Board of Medical Examiners

EIN: 231352238 501(c)(3) Health Care

Philadelphia, PA

Total Revenue
$174,159,356
Total Expenses
$163,735,447
Total Assets
$444,844,524
Net Assets
$325,704,997
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Financial Trends

Organization Details

Formation Year
1915
Legal Domicile
DC
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 health care professionals to achieve optimal care for all. While centered on assessment of physicians, this mission encompasses the spectrum of health professionals along the continuum of education, training and practice and includes research in evaluation as well as development of assessment tools.For further information visit www.nbme.org.

Program Service Accomplishments

Program 1
Expenses: $84,276,104 Revenue: $112,206,604

The United States Medical Licensing Examination (USMLE) is a three-step examination for medical licensure in the United States and is sponsored by the Federation of State Medical Boards (FSMB) and...

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The United States Medical Licensing Examination (USMLE) is a three-step examination for medical licensure in the United States and is sponsored by the Federation of State Medical Boards (FSMB) and NBME. The USMLE program supports medical licensing authorities in the United States through its leadership in the development, delivery, and continual improvement of high-quality assessments across the continuum of physicians' preparation for practice. It assesses a physician's ability to apply knowledge, concepts, and principles that are important in health and disease and that constitute the basis of safe and effective patient care.For further information visit www.usmle.org.Note: The expenses reflected above do not include management and general expenses.

Program 2
Expenses: $26,046,299 Revenue: $43,126,536

The Medical School and Student Services program provides assessment services to domestic and international medical schools, students, and residents. Assessments include the subject examination...

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The Medical School and Student Services program provides assessment services to domestic and international medical schools, students, and residents. Assessments include the subject examination program, self-assessment services, and web-based examination programs and pilot projects. Subject exams measure achievement in the traditional basic and clinical science disciplines and are used to compare student performance with a national reference group. A series of web-based self-assessments are available to help students assess their readiness to take USMLE. Faculty services include item-writing workshops, and medical school liaison activities include the Advisory Committee for Medical School Programs.Note: The expenses reflected above do not include management and general expenses.

Program 3
Expenses: $11,319,909 Revenue: $8,222,766

Custom Programs consist of a diverse portfolio of global customized assessment services and examination programs. The primary sources of revenue for Custom Programs are Health Profession Services...

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Custom Programs consist of a diverse portfolio of global customized assessment services and examination programs. The primary sources of revenue for Custom Programs are Health Profession Services, the Health and Wellness Coach Certifying Examination and the Post Licensure Assessment System. The Health Profession Services program provides comprehensive assessment, educational, consultative, and research services for healthcare organizations. During 2023, NBME's Health Profession Services worked with a variety of organizations to administer examinations for purposes of licensure and other evaluations of special competence for examination programs sponsored by health-related organizations. These organizations included allied health professional associations, members of the American Board of Medical Specialties, and medical societies. Examinations are administered worldwide, where applicable.NBME and the National Board for Health & Wellness Coaching collaborate to provide the Health and Wellness Coach Certifying Examination. The collaboration provides an opportunity to draw upon the unique capabilities of each organization to provide a high-quality assessment for health and wellness coaches. Exam content is developed by nationally recognized leaders in the field of health and wellness coaching and covers areas such as coaching structure and process, health and wellness, and ethics.The Post-Licensure Assessment System (PLAS) is a joint activity of NBME and the Federation of State Medical Boards (FSMB). PLAS comprises two programs: the Special Purpose Examination (SPEX) Program and the Assessment Center Program (ACP). SPEX is a one-day, multiple-choice examination of current knowledge requisite for the general, undifferentiated practice of medicine and is intended to be used for reasons of endorsement or reciprocity of licensure. The ACP provides comprehensive objective and personalized assessments of physicians for whom there is a question regarding clinical competence. Together, the PLAS programs have assessed physicians for reasons that range from endorsement of licensure to license reactivation after disciplinary action.Note: The expenses reflected for Custom Programs on Part III, line 4c do not include management and general expenses.

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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%)

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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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Governance

Voting Members
12
Independent Members
11
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
12
$4,932,103
Total Directors
13
$1,635,181
Key Employees
0
$0
Highest Compensated
0
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
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