ABIM FOUNDATION

EIN: 232585181 501(c)(3) Diseases & Disorders

PHILADELPHIA, PA

Total Revenue
$8,164,387
Total Expenses
$3,743,741
Total Assets
$100,184,190
Net Assets
$98,560,941
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
PA
Principal Officer
FURMAN S MCDONALD
Phone
2154463500
Tax Period
2024-07-01 to 2025-06-30

ABIM FOUNDATION, founded in 1989, is a community nonprofit in the Diseases & Disorders sector that reported $8.2M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 54% operating margin.

Mission

AS AN OPERATING CHARITY, THE ABIM FOUNDATION DEVELOPS AND IMPLEMENTS PROJECTS IN SUPPORT OF OUR MISSION TO ADVANCE THE CORE VALUES OF MEDICAL PROFESSIONALISM AS A FORCE TO IMPROVE THE QUALITY OF HEALTH CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $8,164,387
Other Revenue $0
TOTAL REVENUE $8,164,387

Expense Breakdown

Grants Paid $1,006,875
Salaries & Benefits $2,131,496
Fundraising Expenses $0
Program Expenses $3,743,741
Other Expenses $605,370
TOTAL EXPENSES $3,743,741

Year-over-Year Comparison

2024 2023 Change
Revenue $8,164,387 $6,762,504 +0.2%
Expenses $3,743,741 $4,617,345 -0.2%
Net Income $4,420,646 $2,145,159 +1.1%
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

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Governance

Voting Members
14
Independent Members
1
Employees
9
Volunteers
1

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
7
$2,903,184
Total Directors
15
$2,533,770
Key Employees
2
$896,861
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD J BARON PRESIDENT/CEO TO AUG 2024 8.00
Officer Director
$299,663 $68,011 $1,566,325
FURMAN S MCDONALD PRESIDENT/CEO AS OF SEP 2024 8.00
Officer Director
$132,584 $107,026 $769,945
RAJEEV JAIN MD BOT 5.00
Director
$10,000 $0 $60,000
YUL D EJNES MD BOT 5.00
Director
$10,000 $0 $24,000
DAVID L COLEMAN MD PAST CHAIR 5.00
Officer Director
$20,000 $0 $20,000
ALI KHAN BOT 5.00
Director
$8,500 $0 $12,500
ASHER TULSKY BOT 5.00
Director
$4,250 $0 $11,000
FREDERICK CERISE MD MPH CHAIR 5.00
Officer Director
$10,000 $0 $10,000
BRUCE LEFF CHAIR-ELECT 5.00
Officer Director
$10,000 $0 $10,000
ODETTE BOLANO SECRETARY-TREASURER 5.00
Officer Director
$10,000 $0 $10,000
HEATHER COMER YUN BOT 5.00
Director
$10,000 $0 $10,000
SUSAN EDGMAN-LEVITAN BOT 5.00
Director
$10,000 $0 $10,000
MARGARET FLINTER BOT 5.00
Director
$10,000 $0 $10,000
REGINALD TUCKER-SEELEY BOT 5.00
Director
$10,000 $0 $10,000
IRVING WASHINGTON BOT 5.00
Director
$0 $0 $0
VINCENT MANDES SENIOR VICE PRESIDENT/CFO 4.00
Officer
$45,896 $57,948 $516,914
PAMELA BROWNER-WHITE SVP, COMMUNICATIONS 5.00
Key Emp
$51,596 $90,425 $487,315
JESSICA PERLO WIESCHHOFF EVP/COO 40.00
Key Emp
$377,751 $31,795 $409,546
LORNA LYNN VP, MEDICAL EDUCATION RESEARCH 1.00
Highest
$7,004 $45,716 $395,930
TIMOTHY LYNCH SR. DIRECTOR, FOUNDATION PROGRAMS 40.00
Highest
$255,298 $49,952 $305,250
JAIME MCCLENNEN SENIOR COMMUNICATIONS MANAGER 40.00
Highest
$102,548 $24,502 $127,050
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
2025 $8,164,387 $3,743,741 $100,184,190 $4,420,646
2024 No data No data No data No data
2023 $7,496,039 $3,827,303 $84,153,316 $3,668,736
2022 $4,891,570 $3,031,672 $80,380,157 $1,859,898
2021 $11,488,048 $3,012,179 $92,491,227 $8,475,869
2020 $1,493,640 $3,160,485 $71,954,590 $-1,666,845
2019 $1,503,077 $4,713,874 $70,973,325 $-3,210,797
2018 $7,059,030 $7,327,702 $72,597,681 $-268,672
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