FEDERATION OF STATE MEDICAL BOARDS… - 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

1980

Legal Domicile

Principal Officer

JANELLE A RHYNE MD

Phone

8178684000

Tax Period

2024-05-01 to 2025-04-30

FEDERATION OF STATE MEDICAL BOARDS RESEARCH & EDUCATION FOUNDATION, founded in 1980, is a small nonprofit that reported $221K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $378K exceeded revenue, resulting in a 71% operating deficit.

Mission

TO SUPPORT AND PROMOTE RESEARCH AND EDUCATION INITIATIVES THAT STRENGTHEN THE SAFETY AND QUALITY OF HEALTH CARE THROUGH EFFECTIVE MEDICAL REGULATION.

Program Service Accomplishments

Program 1

Expenses: $354,266 Revenue: $0

THE FOUNDATION AWARDS FUNDING TO STATE MEDICAL BOARDS AND OTHER ORGANIZATIONS THAT ARE CONDUCTING RESEARCH, DEVELOPING EDUCATIONAL MATERIALS AND INCREASING AWARENESS ABOUT TOPICS OF IMPORTANCE TO...

THE FOUNDATION AWARDS FUNDING TO STATE MEDICAL BOARDS AND OTHER ORGANIZATIONS THAT ARE CONDUCTING RESEARCH, DEVELOPING EDUCATIONAL MATERIALS AND INCREASING AWARENESS ABOUT TOPICS OF IMPORTANCE TO MEDICAL REGULATORS.

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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 $50,200

Program Service Revenue $0

Investment Income $170,503

Other Revenue $0

TOTAL REVENUE $220,703

Expense Breakdown

Grants Paid $235,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $354,266

Other Expenses $142,912

TOTAL EXPENSES $377,912

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,703	$125,197	+0.8%
Expenses	$377,912	$95,819	+2.9%
Net Income	$-157,209	$29,378	-6.4%

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

$878,709

Total Directors

$1,003,436

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUMAYUN J CHAUDHRY DO	SECRETARY	3.00	Officer Director	$0	$129,637	$878,709
KATIE L TEMPLETON JD	DIRECTOR	2.00	Director	$0	$0	$86,385
GEORGE ABRAHAM	DIRECTOR	2.00	Director	$0	$0	$38,342
JANELLE A RHYNE MD	PRESIDENT	10.00	Officer Director	$0	$0	$0
PATRICIA A KING MD PHD	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
RALPH C LOOMIS MD	TREASURER	10.00	Officer Director	$0	$0	$0
KATHLEEN HALEY JD	DIRECTOR	2.00	Director	$0	$0	$0
ARTHUR S HENGERER MD	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE LOUCKA JD	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH B SIMONS MD	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL WALKER-MCGILL MD MBA	DIRECTOR	2.00	Director	$0	$0	$0

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	$220,703	$377,912	$5,011,699	$-157,209
2024	$125,197	$95,819	$4,801,752	$29,378
2023	$106,337	$151,773	$4,294,423	$-45,436
2022	$69,447	$55,280	$4,557,436	$14,167
2021	$65,195	$106,933	$4,578,379	$-41,738
2020	$34,870	$45,797	$3,387,352	$-10,927
2019	$107,732	$101,863	$3,424,980	$5,869
2018	$124,987	$108,136	$3,157,584	$16,851

FEDERATION OF STATE MEDICAL BOARDS RESEARCH & EDUCATION FOUNDATION