American Board of Orthopaedic Surgery

EIN: 366000057

CHAPEL HILL, NC

Total Revenue
$12,820,770
Total Expenses
$11,870,986
Total Assets
$57,080,144
Net Assets
$50,174,903
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
DE
Principal Officer
DAVID F MARTIN MD
Phone
9199297103
Tax Period
2023-01-01 to 2023-12-31

American Board of Orthopaedic Surgery, founded in 1934, is a mid-sized nonprofit that reported $12.8M in total revenue in fiscal year 2023. Revenue surged 3877% from the prior year, signaling strong growth momentum. Expenses of $11.9M left a modest 7% surplus.

Mission

TO SERVE THE BEST INTERESTS OF THE PUBLIC AND OF THE MEDICAL PROFESSION BY ESTABLISHING EDUCATIONAL STANDARDS FOR ORTHOPAEDIC RESIDENTS AND BY EVALUATING THE INITIAL AND CONTINUING QUALIFICATIONS AND COMPETENCE OF ORTHOPAEDIC SURGEONS.

Program Service Accomplishments

Program 1

INITIAL CERTIFICATION OF ORTHOPAEDICS: EDUCATIONAL REQUIREMENTS, PEER REVIEW, A WRITTEN EXAMINATION AND AN ORAL EXAMINATION ARE REQUIRED TO BECOME BOARD CERTIFIED. THERE WERE 777 NEW ORTHOPAEDIC...

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INITIAL CERTIFICATION OF ORTHOPAEDICS: EDUCATIONAL REQUIREMENTS, PEER REVIEW, A WRITTEN EXAMINATION AND AN ORAL EXAMINATION ARE REQUIRED TO BECOME BOARD CERTIFIED. THERE WERE 777 NEW ORTHOPAEDIC SURGEONS CERTIFIED IN THE FISCAL YEAR ENDED IN 2023. CANDIDATES WHO SATISFY THE CERTIFICATION REQUIREMENTS BECOME A DIPLOMATE OF THE ORGANIZATION FOR 10 YEARS. THE ORGANIZATION HAS A TOTAL OF 29,987 DIPLOMATES DURING THE MOST RECENTLY COMPLETED FISCAL YEAR.

Program 2

SUBSPECIALTY CERTIFICATION: CERTIFICATION OF ORTHOPAEDIC SPORTS MEDICINE AND HAND SUB-SPECIALTY CERTIFICATES AFTER INITIAL CERTIFICATION IS COMPLETE. THERE WERE 91 HAND SUBSPECIALTY CERTIFICATIONS...

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SUBSPECIALTY CERTIFICATION: CERTIFICATION OF ORTHOPAEDIC SPORTS MEDICINE AND HAND SUB-SPECIALTY CERTIFICATES AFTER INITIAL CERTIFICATION IS COMPLETE. THERE WERE 91 HAND SUBSPECIALTY CERTIFICATIONS FOR 2023 AND 65 SPORTS SUB-SPECIALTY CERTIFICATES FOR 2023.

Program 3

RECERTIFICATION EVERY TEN YEARS: EVERY 10 YEARS DIPLOMATES MUST MEET CONTINUING EDUCATIONAL REQUIREMENTS REFERRED TO AS MAINTENANCE OF CERTIFICATION WHICH CONSISTS OF PEER REVIEW, SURGICAL CASE LIST...

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RECERTIFICATION EVERY TEN YEARS: EVERY 10 YEARS DIPLOMATES MUST MEET CONTINUING EDUCATIONAL REQUIREMENTS REFERRED TO AS MAINTENANCE OF CERTIFICATION WHICH CONSISTS OF PEER REVIEW, SURGICAL CASE LIST, AND A KNOWLEDGE ASSESSMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,162,610
Investment Income $2,643,160
Other Revenue $15,000
TOTAL REVENUE $12,820,770

Expense Breakdown

Grants Paid $6,554
Salaries & Benefits $2,781,449
Fundraising Expenses $0
Other Expenses $9,082,983
TOTAL EXPENSES $11,870,986

Year-over-Year Comparison

2023 2022 Change
Revenue $12,820,770 $322,369 +38.8%
Expenses $11,870,986 $11,496,295 +0.0%
Net Income $949,784 $-11,173,926 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
21
Independent Members
21
Employees
14
Volunteers
410

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
6
$742,863
Total Directors
23
$73,394
Key Employees
1
$159,324
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID F MARTIN MD EXECUTIVE DIRECTOR 35.0
Officer
$615,936 $111,361 $727,297
KATHRYN CLARK MGR. FINANCE & HR 35.0
Highest
$139,743 $73,207 $212,950
DAVID SHEPHARD IT MANAGER 35.0
Highest
$128,290 $66,902 $195,192
DENISE FRAZIER MGR. CERT. & CREDENTIALS 35.0
Highest
$129,290 $58,629 $187,919
KRISTIN CABA MGR. ASSESSMENT DEV. & ADMIN. 35.0
Highest
$113,099 $60,389 $173,488
DAVID ELSTEIN MGR. EDU. & COMM. 35.0
Highest
$112,343 $58,367 $170,710
MICHAEL S BEDNAR MD ASST. EXEC. DIRECTOR 20.0
Key Emp
$159,324 $0 $159,324
JOHN M FLYNN MD SENIOR DIRECTOR 2.0
Director
$10,496 $0 $10,496
GREGORY A MENCIO MD SENIOR DIRECTOR 2.0
Director
$9,169 $0 $9,169
APRIL D ARMSTRONG MD SENIOR DIRECTOR 2.0
Director
$6,713 $0 $6,713
KEVIN L GARVIN MD PRESIDENT ELECT 2.0
Officer Director
$6,399 $0 $6,399
JAMES D KANG MD PRESIDENT 2.0
Officer Director
$6,156 $0 $6,156
RICK W WRIGHT MD SENIOR DIRECTOR (THRU 10/2023) 2.0
Director
$5,766 $0 $5,766
MICHAEL D DAUBS MD DIRECTOR (THRU 10/2023) 2.0
Director
$4,313 $0 $4,313
FREDERICK M AZAR MD SENIOR DIRECTOR 2.0
Director
$3,784 $0 $3,784
ANNE E VAN HEEST MD SENIOR DIRECTOR 2.0
Director
$3,694 $0 $3,694
ERIC CONLEY PUBLIC MEMBER 2.0
Director
$3,595 $0 $3,595
GREGORY GUYTON MD DIRECTOR 2.0
Director
$2,655 $0 $2,655
MATTHEW R DICAPRIO MD DIRECTOR 2.0
Director
$2,620 $0 $2,620
STEVEN L FRICK MD DIRECTOR 2.0
Director
$1,890 $0 $1,890
JOSHUA J JACOBS MD SENIOR DIRECTOR 2.0
Director
$1,733 $0 $1,733
WAYNE J SEBASTIANELLI MD SECRETARY 2.0
Officer Director
$1,566 $0 $1,566
Kyle J Jeray MD TREASURER 2.0
Officer Director
$1,445 $0 $1,445
MARTIN I BOYER MD DIRECTOR 2.0
Director
$1,400 $0 $1,400
JAMES R FICKE MD DIRECTOR 2.0
Director
$0 $0 $0
GREGORY P MCCOMIS MD DIRECTOR 2.0
Director
$0 $0 $0
CHARLES NELSON MD DIRECTOR 2.0
Director
$0 $0 $0
SCOTT E PORTER MD VICE PRESIDENT 2.0
Officer Director
$0 $0 $0
LISA A TAITSMAN MDMPH DIRECTOR 2.0
Director
$0 $0 $0
BRIAN R WOLF MD DIRECTOR 2.0
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
2024 No data No data No data No data
2023 $12,820,770 $11,870,986 $57,080,144 $949,784
2022 $322,369 $11,496,295 $49,562,399 $-11,173,926
2021 $12,251,504 $9,361,501 $61,303,977 $2,890,003
2020 $11,314,730 $8,078,413 $53,585,800 $3,236,317
2019 $9,196,284 $9,266,395 $45,848,970 $-70,111
2018 $10,786,934 $8,772,202 $42,448,106 $2,014,732
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