CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH AND EDUCATION FOUNDATION, founded in 1973, is a small nonprofit in the Medical Research sector that reported $484K in total revenue in fiscal year 2023. Revenue surged 636% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 126% operating deficit.
THROUGH ITS ACTIVITIES, ABMS REF SUPPORTS THE SCIENTIFIC, SCHOLARLY AND PUBLIC EDUCATION PURPOSES OF ABMS BY ENCOURAGING AND CONDUCTING RESEARCH TO (I) IMPROVE MEASUREMENT, ASSESSMENT, AND EVALUATION OF THE EDUCATIONAL, SCIENTIFIC, CLINICAL, AND (CONTINUED IN SCH O) PROFESSIONAL QUALIFICATIONS AND PERFORMANCE OF PHYSICIANS WHO PRACTICE IN MEDICAL SPECIALTIES; (2) CONDUCT EDUCATIONAL PROGRAMS AND DISSEMINATE INFORMATION TO THE PUBLIC TO ASSIST IN THE RECOGNITION, EVALUATION, AND UNDERSTANDING OF THE SIGNIFICANCE AND IMPORTANCE OF BOARD CERTIFICATION OF PHYSICIAN SPECIALISTS; AND (3) FOSTER NATIONAL AND INTERNATIONAL COOPERATION AND THE EXCHANGE OF INFORMATION RELATED TO INITIAL CERTIFICATION AND CONTINUING CERTIFICATION AND ONGOING PROFESSIONAL DEVELOPMENT.
ABMS REF OVERSEES THE IMPLEMENTATION AND COORDINATION OF THE ABMS VISITING SCHOLARS PROGRAM (VSP). VSP IS FOR EARLY-CAREER PHYSICIANS, MEDICAL AND SURGICAL SPECIALISTS, AND RESEARCH PROFESSIONALS...
ABMS REF OVERSEES THE IMPLEMENTATION AND COORDINATION OF THE ABMS VISITING SCHOLARS PROGRAM (VSP). VSP IS FOR EARLY-CAREER PHYSICIANS, MEDICAL AND SURGICAL SPECIALISTS, AND RESEARCH PROFESSIONALS, JUNIOR FACULTY, FELLOWS, AND RESIDENTS, AS WELL AS INDIVIDUALS HOLDING MASTER OR DOCTORATE DEGREES IN PUBLIC HEALTH, HEALTH SERVICES RESEARCH, EDUCATIONAL EVALUATION AND STATISTICS, PUBLIC HEALTH POLICY AND ADMINISTRATION, OR OTHER RELEVANT DISCIPLINES.VSP SCHOLARS ARE EXPOSED TO THE FIELDS OF PHYSICIAN PROFESSIONAL ASSESSMENT AND CONTINUING PROFESSIONAL DEVELOPMENT, QUALITY IMPROVEMENT, HEALTH CARE POLICY AND REGULATION, AND HEALTH SERVICES RESEARCH. VSP SCHOLARS CONDUCT RESEARCH IN (CONTINUED IN SCH O) COLLABORATION WTH MENTORS FROM THEIR INSITITUTIONS, ABMS, AND ABMS MEMBER BOARDS. THROUGH THEIR RESEARCH AND PROGRAM ENGAGEMENT, VSP SCHOLARS INFORM THE STUDY OF CONTINUING PROFESSIONAL DEVELOPMENT, PHYSICIAN ASSESSMENT, SELF-REGULATION, AND QUALITY IMPROVEMENT.
ABMS REF SYNERGIZES, GUIDES, CONVENES, FACILITATES CONDUCTS, AND COLLABORATES IN RELATION TO ALL ASPECTS OF RESEARCH REGARDING ABMS INITIAL AND CONTINUING CERTIFICATION ACROSS 24 MEMBER BOARDS. ABMS...
ABMS REF SYNERGIZES, GUIDES, CONVENES, FACILITATES CONDUCTS, AND COLLABORATES IN RELATION TO ALL ASPECTS OF RESEARCH REGARDING ABMS INITIAL AND CONTINUING CERTIFICATION ACROSS 24 MEMBER BOARDS. ABMS REF ALSO PARTNERS WITH OTHER RESEARCHERS TO DEVELOP RESEARCH IN THE AREAS OF QUALITY AND PERFORMANCE IMPROVEMENT, PATIENT SAFETY, ADULT LEARNING AND EDUCATION, RESEARCH AND EDUCATION FOUNDATION AND OTHER DISCIPLINES. THE ABMS REF CONDUCTS PROGRAM EVALUATION AND RESEARCH ON THE ABMS LONGITUDINAL ASSESSMENT PROGRAMS TO ANALYZE PHYSICIAN KNOWLEDGE, JUDGEMENT, AND SKILLS.
ABMS REF DEVELOPS, DEPLOYS, MAINTAINS, AND IMPROVES AN ONLINE REPOSITORY OF PUBLISHED LITERATURE AND OTHER PRESENTATIONS ON INITIAL PHYSICIAN SPECIALTY CERTIFICATION, CONTINUING PHYSICIAN SPECIALTY...
ABMS REF DEVELOPS, DEPLOYS, MAINTAINS, AND IMPROVES AN ONLINE REPOSITORY OF PUBLISHED LITERATURE AND OTHER PRESENTATIONS ON INITIAL PHYSICIAN SPECIALTY CERTIFICATION, CONTINUING PHYSICIAN SPECIALTY CERTIFICATION, OR COMPONENTS OF CONTINUOUS CERTIFICATION SUCH AS KNOWLEDGE ASSESSMENT, ADULT LEARNING AND EDUCATION, AND QUALITY IMPROVEMENT. THIS CURATED REPOSITORY INFORMS RESEARCHERS, KEY STAKEHOLDERS AND ABMS MEMBER BOARDS REGARDING FINDINGS THAT CAN BE USED TO IMPROVE THE CERTIFICATION PROCESS.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $484,417 | $65,835 | +6.4% |
| Expenses | $1,096,260 | $440,273 | +1.5% |
| Net Income | $-611,843 | $-374,438 | +0.6% |
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 E HAWKINS MD | PRESIDENT & CEO | 2.00 |
Officer
Director
|
$33,403 | $81,193 | $916,268 |
| LARRY A GREEN MD | IMMEDIATE PAST CHAIR | 1.00 |
Officer
Director
|
$2,500 | $0 | $25,000 |
| SUSAN RAMIN MD | SECRETARY-TREASURER | 1.00 |
Officer
Director
|
$2,500 | $0 | $25,000 |
| REBECCA L JOHNSON MD | CHAIR (AS OF 6/23) | 1.00 |
Officer
Director
|
$2,500 | $0 | $25,000 |
| KEITH BRANDT MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL L CARIUS MD | CHAIR (THRU 2/23) | 1.00 |
Officer
Director
|
$1,250 | $0 | $12,500 |
| TARA MONTGOMERY MS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL R NELSON MD PHD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| J BRANTLEY THRASHER MD FACS | CHAIR-ELECT (AS OF 10/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIE HUBBARD | CFO | 1.00 |
Officer
|
$4,969 | $33,266 | $281,721 |
| GREGORY OGRINC MD | SVP, CERT STANDARD & PRGM | 5.00 |
Key Emp
|
$47,068 | $97,603 | $568,288 |
| CARRIE RADABAUGH | SVP, GOVERNANCE AND BOARD RELATIONS | 2.00 |
Key Emp
|
$10,234 | $74,129 | $329,982 |
| STEPHANIE DONOVAN | CHIEF LEGAL OFFICER (AS OF 3/23) | 1.00 |
Key Emp
|
$4,755 | $62,704 | $300,427 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $484,417 | $1,096,260 | $508,457 | $-611,843 |
| 2020 | $29,845 | $469,955 | $292,889 | $-440,110 |
| 2019 | $98,650 | $629,164 | $277,398 | $-530,514 |
| 2018 | $752,093 | $865,913 | $217,429 | $-113,820 |
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