AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH AND EDUCATION FOUNDATION (EIN 237304902) - Form 990 Financial Analysis & Trantor Score

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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

1973

Legal Domicile

Principal Officer

RICHARD E HAWKINS MD

Phone

3124362600

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

ABMS RESEARCH AND EDUCATION FOUNDATION (ABMS REF) SUPPORTS THE SCIENTIFIC, (CONTINUED IN SCH O) SCHOLARLY AND PUBLIC EDUCATION PURPOSES OF THE AMERICAN BOARD OF MEDICAL SPECIALTIES (ABMS).

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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 (2023)

Revenue Breakdown

Contributions & Grants $480,000

Program Service Revenue $0

Investment Income $4,417

Other Revenue $0

TOTAL REVENUE $484,417

Expense Breakdown

Grants Paid $195,000

Salaries & Benefits $630,955

Fundraising Expenses $0

Program Expenses $478,171

Other Expenses $270,305

TOTAL EXPENSES $1,096,260

Year-over-Year Comparison

	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%

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

N/A

Volunteers

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

$1,285,489

Total Directors

$1,003,768

Key Employees

$1,198,697

Highest Compensated

reported

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

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
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

AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH AND EDUCATION FOUNDATION