The American Board of Physician Sp… - Form 990 Financial Data

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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

1952

Legal Domicile

Principal Officer

Jeffery L Morris Jr

Phone

8134332277

Tax Period

2024-01-01 to 2024-12-31

The American Board of Physician Specialties Inc, founded in 1952, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. The organization ran a surplus of $479K, a strong 15% operating margin.

Mission

The American Board of Physician Specialties is a premier national organization that advances the art and science of medicine by providing medical specialty certifications for allopathic and osteopathic physicians.

Program Service Accomplishments

Program 1

Board certification examinations for medical specialists during the year. Approximately 414 exams were administered.

Program 2

Seminars and meetings for 2,810 members - A forum for the exchange of information as well as comprehensive, multidisciplinary educational programs.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,075,967

Investment Income $47,410

Other Revenue $3,668

TOTAL REVENUE $3,127,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,306,497

Fundraising Expenses $0

Other Expenses $1,341,592

TOTAL EXPENSES $2,648,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,127,045	$3,114,237	+0.0%
Expenses	$2,648,089	$2,927,968	-0.1%
Net Income	$478,956	$186,269	+1.6%

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

Volunteers

264

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

$325,270

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Arthur Cooper	President 1/1/24 - 6/1/24	2.00	Officer Director	$0	$0	$0
Sarah Gilbert	President 6/1/24 - 12/31/24	2.00	Officer Director	$0	$0	$0
Ann Marie Chiasson	President-Elect	2.00	Officer Director	$0	$0	$0
Leslie Mukau	Vice President	2.00	Officer Director	$0	$0	$0
Jeffrey Stricker	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
Lingappa Amernath	Director	2.00	Director	$0	$0	$0
Karyn Condie	Director	2.00	Director	$0	$0	$0
Lance Luria	Director	2.00	Director	$0	$0	$0
Lewis Marshall	Director	2.00	Director	$0	$0	$0
Eric Fontana	Director	2.00	Director	$0	$0	$0
Robert DeSimone	Director	2.00	Director	$0	$0	$0
Johnathan Simmons	Director	2.00	Director	$0	$0	$0
Jerry Allison	Director	2.00	Director	$0	$0	$0
Jeffery L Morris Jr	CEO	50.00	Officer	$273,000	$52,270	$325,270

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	$3,127,045	$2,648,089	$6,202,530	$478,956
2023	$3,114,237	$2,927,968	$5,661,002	$186,269
2022	$2,967,301	$2,725,379	$5,412,415	$241,922
2021	$3,228,382	$2,450,905	$5,014,914	$777,477
2020	$3,290,080	$2,796,904	$4,210,254	$493,176
2019	$3,309,125	$3,345,008	$4,244,790	$-35,883
2018	$3,001,726	$3,407,487	$6,284,212	$-405,761

The American Board of Physician Specialties Inc