FEDERATION OF STATE MEDICAL BOARDS RESEARCH & EDUCATION FOUNDATION

EIN: 363071272 501(c)(3)

EULESS, TX

Total Revenue
$220,703
Total Expenses
$377,912
Total Assets
$5,011,699
Net Assets
$4,950,719
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
IL
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.

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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%)

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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

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Governance

Voting Members
11
Independent Members
8
Employees
N/A
Volunteers
8

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
4
$878,709
Total Directors
11
$1,003,436
Key Employees
0
$0
Highest Compensated
0
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
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