THE AMERICAN BOARD OF INTERNAL MEDICINE

EIN: 390866228 501(c)(3) Diseases & Disorders

PHILADELPHIA, PA

Total Revenue
$108,351,701
Total Expenses
$79,401,446
Total Assets
$253,050,625
Net Assets
$88,011,799
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Organization Details

Formation Year
1936
Legal Domicile
IA
Principal Officer
FURMAN S MCDONALD
Phone
2154463500
Tax Period
2024-07-01 to 2025-06-30

THE AMERICAN BOARD OF INTERNAL MEDICINE, founded in 1936, is a major nonprofit in the Diseases & Disorders sector that reported $108.4M in total revenue in fiscal year 2024. The organization ran a surplus of $29.0M, a strong 27% operating margin.

Mission

ABIM SEEKS TO ENHANCE THE QUALITY OF HEALTH CARE BY CERTIFYING INTERNISTS AND SUBSPECIALISTS WHO DEMONSTRATE THE KNOWLEDGE, SKILLS AND ATTITUDES ESSENTIAL FOR EXCELLENT PATIENT CARE. SINCE ITS FOUNDING IN 1936 TO ANSWER A PUBLIC CALL TO ESTABLISH MORE UNIFORM STANDARDS FOR PHYSICIANS, CERTIFICATION BY ABIM HAS STOOD FOR THE HIGHEST STANDARD IN INTERNAL MEDICINE AND ITS 20 SUBSPECIALTIES. CERTIFICATION HAS MEANT THAT INTERNISTS HAVE DEMONSTRATED - TO THEIR PEERS AND TO THE PUBLIC - THAT THEY HAVE THE CLINICAL JUDGMENT, SKILLS AND ATTITUDES ESSENTIAL FOR THE DELIVERY OF EXCELLENT PATIENT CARE. ABIM IS NOT A MEMBERSHIP SOCIETY, BUT A PHYSICIAN-LED NON-PROFIT, INDEPENDENT EVALUATION ORGANIZATION. RESEARCH SUGGESTS BOARD CERTIFICATION IS ASSOCIATED WITH BETTER CARE. OUR ACCOUNTABILITY IS BOTH TO THE PROFESSION OF MEDICINE AND TO THE PUBLIC. ABIM'S GOVERNANCE STRUCTURE CONSISTS OF MORE THAN 330 MEMBERS ON MORE THAN 50 BOARDS AND COMMITTEES AND INCLUDES PHYSICIANS, ALLIED PROFESSIONALS AND PUBLIC MEMBERS. ABIM OFFERS CERTIFICATION IN 21 DISCIPLINES - REPRESENTING THE BREADTH AND DEPTH OF INTERNAL MEDICINE.

Program Service Accomplishments

Program 1
Expenses: $23,144,081 Revenue: $40,841,870

ABIM BOARD CERTIFICATION DEMONSTRATES THAT PHYSICIANS HAVE COMPLETED INTERNAL MEDICINE AND SUBSPECIALTY TRAINING AND HAVE MET RIGOROUS STANDARDS THROUGH INTENSIVE STUDY, SELF-ASSESSMENT AND...

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ABIM BOARD CERTIFICATION DEMONSTRATES THAT PHYSICIANS HAVE COMPLETED INTERNAL MEDICINE AND SUBSPECIALTY TRAINING AND HAVE MET RIGOROUS STANDARDS THROUGH INTENSIVE STUDY, SELF-ASSESSMENT AND EVALUATION. ADDITIONALLY, CERTIFICATION ENCOMPASSES THE SIX GENERAL COMPETENCIES ESTABLISHED BY THE ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION (ACGME) AND SETS THE STAGE FOR CONTINUAL PROFESSIONAL DEVELOPMENT THROUGH VALUES CENTERED ON LIFELONG LEARNING.CONTINUED ON SCHEDULE O.IN ORDER TO BE CERTIFIED, A PHYSICIAN MUST:* COMPLETE THE REQUISITE PRE-DOCTORAL MEDICAL EDUCATION* MEET SPECIFIC TRAINING REQUIREMENTS* MEET LICENSURE REQUIREMENTS AND PROCEDURAL REQUIREMENTS* PASS A CERTIFICATION EXAMINATIONABIM ADMINISTERS ITS CERTIFICATION PROCESS BY: (1) ESTABLISHING REQUIREMENTS FOR TRAINING AND SELF-EVALUATION; (2) ASSESSING THE PROFESSIONAL CREDENTIALS OF CANDIDATES; (3) OBTAINING SUBSTANTIATION BY APPROPRIATE AUTHORITIES OF THE CLINICAL COMPETENCE AND PROFESSIONAL STANDING OF CANDIDATES; AND (4) DEVELOPING AND CONDUCTING EXAMINATIONS AND OTHER ASSESSMENTS.INITIAL CERTIFICATION BY ABIM SIGNIFIES A PHYSICIAN IS READY TO PRACTICE IN INTERNAL MEDICINE OR ONE OF ITS SUBSPECIALTIES.

Program 2
Expenses: $38,343,966 Revenue: $60,308,248

ABIM'S MAINTENANCE OF CERTIFICATION (MOC) CREDENTIAL MEANS SOMETHING DIFFERENT FROM INITIAL CERTIFICATION. IT SPEAKS TO THE QUESTION OF WHETHER OR NOT AN INTERNIST IS STAYING CURRENT WITH KNOWLEDGE...

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ABIM'S MAINTENANCE OF CERTIFICATION (MOC) CREDENTIAL MEANS SOMETHING DIFFERENT FROM INITIAL CERTIFICATION. IT SPEAKS TO THE QUESTION OF WHETHER OR NOT AN INTERNIST IS STAYING CURRENT WITH KNOWLEDGE AND PRACTICE IN HIS/HER DISCIPLINE. ABIM ISSUES A BINARY CONSEQUENTIAL MOC CREDENTIAL THAT IS ANCHORED IN WHETHER A PHYSICIAN IS MEETING A PERFORMANCE STANDARD. ABIM ISSUES THAT CREDENTIAL BASED UPON OBJECTIVE, FAIR, DEFENSIBLE PSYCHOMETRICALLY RIGOROUS STANDARDS. PARTICIPATION IN MOC MEANS THAT A PHYSICIAN IS DEMONSTRATING THAT S/HE IS ENGAGED IN CERTAIN CONTINUOUS LEARNING AND EDUCATION ACTIVITIES. CONTINUED ON SCHEDULE O.DIPLOMATES PARTICIPATING IN ABIM'S MOC PROGRAM ARE REQUIRED TO TAKE AND PASS AN ASSESSMENT EVERY 10 YEARS TO REMAIN CERTIFIED. THEY CAN DO THIS BY PASSING A POINT-IN-TIME ASSESSMENT CALLED THE TRADITIONAL, 10-YEAR MOC EXAM, OR ACHIEVING A PASSING SCORE AT THE CONCLUSION OF THEIR 5-YEAR LKA CYCLE. DIPLOMATES HOLDING CERTIFICATION IN CARDIOLOGY MAY ALSO BE ABLE TO SATISFY THIS REQUIREMENT BY ACHIEVING A PASSING SCORE IN THE COLLABORATIVE MAINTENANCE PATHWAY, AN ASSESSMENT PRODUCT JOINTLY CREATED AND ADMINISTERED BY ABIM AND THE AMERICAN COLLEGE OF CARDIOLOGY. MOST DIPLOMATES CERTIFIED PRIOR TO 1990 ARE STRONGLY URGED TO PARTICIPATE IN MOC BUT ARE NOT REQUIRED TO DO SO TO REMAIN CERTIFIED. FOR ALL DIPLOMATES, IN ADDITION TO REPORTING BOARD CERTIFICATION, ABIM WILL REPORT IF THEY ARE PARTICIPATING IN THE MOC PROGRAM (I.E., ENGAGING IN MOC ACTIVITIES FREQUENTLY).PARTICIPATION IN MOC AND CONTINUED CERTIFICATION BY ABIM SIGNIFIES A PHYSICIAN IS STAYING CURRENT IN HIS OR HER DISCIPLINE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $100,362,944
Investment Income $7,185,041
Other Revenue $803,716
TOTAL REVENUE $108,351,701

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,335,195
Fundraising Expenses $0
Program Expenses $61,488,047
Other Expenses $34,066,251
TOTAL EXPENSES $79,401,446

Year-over-Year Comparison

2024 2023 Change
Revenue $108,351,701 $105,763,334 +0.0%
Expenses $79,401,446 $69,389,603 +0.1%
Net Income $28,950,255 $36,373,731 -0.2%
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
14
Independent Members
N/A
Employees
297
Volunteers
N/A

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
8
$3,067,836
Total Directors
17
$2,686,922
Key Employees
6
$2,878,197
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD J BARON PRESIDENT/CEO TO AUGUST 2024 32.00
Officer Director
$1,198,651 $68,011 $1,566,325
FURMAN S MCDONALD PRESIDENT/CEO AS OF SEPTEMBER 2024 32.00
Officer Director
$530,335 $107,026 $769,945
ERICA JOHNSON MD SECRETARY, THEN BOD, THEN SVP 40.00
Officer Director
$109,436 $3,216 $112,652
RAJEEV JAIN MD CHAIR 7.00
Officer Director
$50,000 $0 $60,000
YUL D EJNES MD BOD 5.00
Director
$14,000 $0 $24,000
SURESH NAIR BOD AS OF OCT 2024 5.00
Director
$17,000 $0 $17,000
ROBERT ROSWELL MD CHAIR-ELECT 5.00
Officer Director
$14,000 $0 $14,000
CHARLES SETH LANDEFELD BOD TREASURER 5.00
Officer Director
$14,000 $0 $14,000
MEGAN KOEPKE BOD SECRETARY AS OF JUL 2024 5.00
Officer Director
$14,000 $0 $14,000
ABHA AGRAWAL MD BOD 5.00
Director
$14,000 $0 $14,000
SAFWAN BADR BOD 5.00
Director
$14,000 $0 $14,000
KRISDA CHAIYACHATI MD BOD 5.00
Director
$14,000 $0 $14,000
CARLADENISE EDWARDS BOD TO MAY 2025 5.00
Director
$14,000 $0 $14,000
ALICIA FERNANDEZ BOD 5.00
Director
$14,000 $0 $14,000
HEATHER HEIMAN BOD 5.00
Director
$11,000 $0 $11,000
GEORGE ABRAHAM BOD 5.00
Director
$7,000 $0 $7,000
SUZANNE WATNICK BOD 5.00
Director
$7,000 $0 $7,000
VINCENT MANDES SENIOR VICE PRESIDENT/CFO 36.00
Officer
$413,070 $57,948 $516,914
RICHARD BATTAGLIA CHIEF MEDICAL OFFICER 40.00
Key Emp
$490,472 $87,567 $578,039
JUDITH CASSEL CHIEF OF STAFF 40.00
Key Emp
$451,073 $98,038 $549,111
REBECCA LIPNER SVP, ASSESSMENT AND RESEARCH 40.00
Key Emp
$450,853 $68,724 $519,577
PAMELA BROWNER-WHITE SVP, COMMUNICATIONS 35.00
Key Emp
$345,294 $90,425 $487,315
JEFFREY MILLER VP, INFORMATION TECHNOLOGY 40.00
Key Emp
$396,781 $70,567 $467,348
JEREMY DUGOSH VP, TEST DEVELOPMENT 40.00
Key Emp
$243,652 $33,155 $276,807
BERNADETTE HORVAT VP, TALENT AND CULTURE 40.00
Highest
$447,789 $34,912 $482,701
LORNA LYNN VP, MEDICAL EDUCATION RESEARCH 39.00
Highest
$343,210 $45,716 $395,930
BRADLEY BROSSMAN VP, PSYCHOMETRICS 40.00
Highest
$256,441 $71,810 $328,251
ROBERT KENDRICK VP, FINANCE OPERATIONS 40.00
Highest
$224,622 $70,848 $295,470
JEROME CLAUSER SR DIR, RESEARCH & INNOVATIONS 40.00
Highest
$226,322 $30,402 $256,724
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 $108,351,701 $79,401,446 $253,050,625 $28,950,255
2024 $105,763,334 $69,389,603 $224,313,017 $36,373,731
2023 $90,037,895 $62,964,601 $180,024,456 $27,073,294
2022 $72,097,053 $57,998,089 $100,798,312 $14,098,964
2021 $65,250,623 $55,486,006 $82,417,925 $9,764,617
2020 $64,314,534 $54,113,789 $73,515,102 $10,200,745
2019 $64,967,917 $55,209,565 $63,887,781 $9,758,352
2018 $58,879,168 $55,843,462 $56,294,931 $3,035,706
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