PHILADELPHIA, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
THE FOUNDATION SEEKS TO ADVANCE THE CORE VALUES OF MEDICAL PROFESSIONALISM AS A FORCE TO IMPROVE THE QUALITY OF HEALTH CARE IN THE UNITED STATES. THE IDEALS OF PROFESSIONALISM ARE OUTLINED IN THE...
THE FOUNDATION SEEKS TO ADVANCE THE CORE VALUES OF MEDICAL PROFESSIONALISM AS A FORCE TO IMPROVE THE QUALITY OF HEALTH CARE IN THE UNITED STATES. THE IDEALS OF PROFESSIONALISM ARE OUTLINED IN THE PHYSICIAN CHARTER, THE CREATION OF WHICH THE FOUNDATION CO-SPONSORED AND WHICH HAS BEEN WIDELY EMBRACED. SINCE 2012, THE FOUNDATION HAS LED THE CHOOSING WISELY CAMPAIGN, WHICH HAS STRESSED THE IMPORTANCE OF AVOIDING UNNECESSARY AND POTENTIALLY HARMFUL CARE. AND SINCE 2017, THE FOUNDATION HAS FOCUSED ON IMPROVING TRUST IN THE HEALTH CARE SYSTEM AND MAKING IT MORE WORTHY OF TRUST. THROUGH OUR INITIATIVES, WE SEEK TO BETTER UNDERSTAND THESE OBSTACLES AND EXPLORE WAYS TO OVERCOME THEM. MUCH OF OUR WORK FOCUSES ON ADVANCING MEDICAL PROFESSIONALISM IN THE AREA OF THE WISE USE, OR STEWARDSHIP, OF RESOURCES. (CONT'D ON SCH. O) THIS INCLUDES THE SUCCESSFUL CHOOSING WISELY CAMPAIGN WHICH HAS RESHAPED HOW PHYSICIANS AND PATIENTS DISCUSS WHETHER OR NOT PARTICULAR SERVICES ARE IN THE BEST INTEREST OF THE PATIENT. IT ALSO INCLUDES THE BUILDING TRUST INITIATIVE, A MULTI-FACETED EFFORT TO INCREASE CONVERSATION, THOUGHT LEADERSHIP, RESEARCH AND BEST PRACTICES TO ELEVATE TRUST AS AN ESSENTIAL ORGANIZING PRINCIPLE FOR IMPROVING HEALTH CARE.ONE OF OUR MOST SIGNIFICANT CONTRIBUTIONS HAS BEEN THE PUBLICATION OF MEDICAL PROFESSIONALISM IN THE NEW MILLENIUM: A PHYSICIAN CHARTER IN 2002. OUR PAST AND PRESENT INITIATIVES FOCUS ON PROMOTING THE PRINCIPLES AND COMMITMENTS OUTLINED IN THIS SEMINAL DOCUMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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