AMERICAN BOARD OF MEDICAL SPECIALT… - 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

1935

Legal Domicile

Principal Officer

RICHARD E HAWKINS MD

Phone

3124362600

Tax Period

2024-01-01 to 2024-12-31

AMERICAN BOARD OF MEDICAL SPECIALTIES, founded in 1935, is a mid-sized nonprofit that reported $23.4M in total revenue in fiscal year 2024. The organization ran a surplus of $3.6M, a strong 15% operating margin.

Mission

IN COLLABORATION WITH ITS MEMBER BOARDS, ABMS CREATES STANDARDS FOR BOARD CERTIFICATION FOR PHYSICIANS AND MEDICAL SPECIALISTS. SPECIFICALLY, FOR INITIAL AND CONTINUING CERTIFICATION. ABMS AND ITS MEMBER BOARDS ESTABLISH RIGOROUS STANDARDS OF (CONTINUED IN SCH O)

Program Service Accomplishments

Program 1

IN PARTNERSHIP WITH ITS MEMBER BOARDS, ABMS IS A LEADER IN SETTING RIGOROUS STANDARDS FOR BOARD CERTIFICATION ACROSS 38 MEDICAL SPECIALTIES AND 89 MEDICAL SUBSPECIALTIES. WHILE MEMBER BOARDS TAILOR THESE STANDARDS TO THEIR SPECIFIC SPECIALTIES AND SUBSPECIALTIES, ABMS SUPPORTS THE MEMBER BOARDS IN THE OVERALL IMPLEMENTATION OF THE STANDARDS BY PROVIDING LEARNING OPPORTUNITIES AND RESOURCES REGARDING EVALUATION, ASSESSMENT AND POLICY DEVELOPMENT RELATIVE TO CERTIFICATION. THESE SUPPORTS ARE CRITICAL TO THE ABMS COMMUNITY. AT PRESENT, IN THE UNITED STATES, ABMS MEMBER BOARDS HAVE CERTIFIED MORE THAN 997,000 PHYSICIANS AND MEDICAL SPECIALISTS.

Program 2

INTERNATIONALLY, ABMS CONTRACTS WITH THE SINGAPORE MINISTRY OF HEALTH TO DEVELOP AND MAINTAIN A PROGRAM OF PHYSICIAN ASSESSMENT AND CERTIFICATION FOR SINGAPORE'S PHYSICIANS AND MEDICAL SPECIALISTS...

INTERNATIONALLY, ABMS CONTRACTS WITH THE SINGAPORE MINISTRY OF HEALTH TO DEVELOP AND MAINTAIN A PROGRAM OF PHYSICIAN ASSESSMENT AND CERTIFICATION FOR SINGAPORE'S PHYSICIANS AND MEDICAL SPECIALISTS, AS WELL AS CONSULTS WITH OTHER COUNTRIES AND COMMUNITIES ACROSS THE WORLD SEEKING TO EXPLORE OR ESTABLISH PHYSICIAN CERTIFICATION PROGRAMS.

Program 3

ABMS CONVENES LEADERS AND STAKEHOLDERS FROM ACROSS THE ABMS AND GREATER HEALTH CARE COMMUNITIES TO DISCUSS CURRENT AND EMERGING ISSUES IN TODAY'S HEALTH CARE SYSTEM, SEEKING TO UNDERSTAND WAYS IN...

ABMS CONVENES LEADERS AND STAKEHOLDERS FROM ACROSS THE ABMS AND GREATER HEALTH CARE COMMUNITIES TO DISCUSS CURRENT AND EMERGING ISSUES IN TODAY'S HEALTH CARE SYSTEM, SEEKING TO UNDERSTAND WAYS IN WHICH ABMS AND ITS MEMBER BOARDS CAN ADDRESS THOSE ISSUES TO IMPROVE THE QUALITY OF PATIENT CARE.

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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 $0

Program Service Revenue $21,887,260

Investment Income $1,438,584

Other Revenue $111,656

TOTAL REVENUE $23,437,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,333,511

Fundraising Expenses $0

Other Expenses $6,524,933

TOTAL EXPENSES $19,858,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,437,500	$21,808,011	+0.1%
Expenses	$19,858,444	$18,468,046	+0.1%
Net Income	$3,579,056	$3,339,965	+0.1%

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

Volunteers

132

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

$1,015,870

Total Directors

$1,040,870

Key Employees

$2,529,063

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD E HAWKINS MD	PRESIDENT & CEO	47.50	Officer Director	$812,023	$86,109	$940,870
REBECCA L JOHNSON MD	CHAIR	10.00	Officer Director	$22,500	$0	$25,000
LARRY A GREEN MD	IMMEDIATE PAST CHAIR	10.00	Officer Director	$22,500	$0	$25,000
SUSAN RAMIN MD	SECRETARY-TREASURER	10.00	Officer Director	$22,500	$0	$25,000
J BRANTLEY THRASHER MD FACS	CHAIR-ELECT	1.00	Director	$22,500	$0	$25,000
RICHARD J BARON MD	DIRECTOR (THRU 06/2024)	1.00	Director	$0	$0	$0
MICHAEL A BARONE MD MPH	DIRECTOR (AS OF 06/2024)	1.00	Director	$0	$0	$0
GEORGE B BARTLEY MD	DIRECTOR	1.00	Director	$0	$0	$0
PRIYA J BATHIJA JD	DIRECTOR (THRU 06/2024)	1.00	Director	$0	$0	$0
MIRIAM G BLITZER PHD FACMG	DIRECTOR (THRU 06/2024)	1.00	Director	$0	$0	$0
BETH A BORTZ MPP	DIRECTOR (AS OF 06/2024)	1.00	Director	$0	$0	$0
KEITH BRANDT MD	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA BUSH	DIRECTOR (AS OF 06/2024)	1.00	Director	$0	$0	$0
JO BUYSKE MD	DIRECTOR	1.00	Director	$0	$0	$0
KIRK A FREY MD	DIRECTOR (AS OF 06/2024)	1.00	Director	$0	$0	$0
ROBERT R GAISER MD MSED	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS W HESS JD	DIRECTOR (THRU 06/2024)	1.00	Director	$0	$0	$0
DAVID B JOSEPH MD ACS FAAP	DIRECTOR (AS OF 06/2024)	1.00	Director	$0	$0	$0
JOHN L KENDALL MD FACEP	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN L KINNEY MD	DIRECTOR	1.00	Director	$0	$0	$0
AZRA LIGON PHD FACMG	DIRECTOR (AS OF 06/2024)	1.00	Director	$0	$0	$0
JEFFREY M LYNESS MD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID F MARTIN MD	DIRECTOR	1.00	Director	$0	$0	$0
FURMAN S MCDONALD MD MPH	DIRECTOR (AS OF 06/2024)	1.00	Director	$0	$0	$0
WALTER H MERRILL MD	DIRECTOR	1.00	Director	$0	$0	$0
TARA MONTGOMERY MS	DIRECTOR (THRU 06/2024)	1.00	Director	$0	$0	$0
MICHAEL R NELSON MD PHD	DIRECTOR	1.00	Director	$0	$0	$0
MARY S NEWELL MD FACR FSBI	DIRECTOR	1.00	Director	$0	$0	$0
WARREN P NEWTON MD MPH	DIRECTOR	1.00	Director	$0	$0	$0
WENDY K NICKEL MPH	DIRECTOR (AS OF 06/2024)	1.00	Director	$0	$0	$0
BRIAN NUSSENBAUM MD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER J ONDRULA JD	DIRECTOR	1.00	Director	$0	$0	$0
DONALD J PALMISANO JR JD	DIRECTOR	1.00	Director	$0	$0	$0
CARL W PATTEN JR JD CAE	DIRECTOR (AS OF 06/2024)	1.00	Director	$0	$0	$0
GARY W PROCOP MD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS E READ MD	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL K ROENIGK MD	DIRECTOR	1.00	Director	$0	$0	$0
TARA B ROUSE MA CPHQ CPXP	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE M SEGAL MD	DIRECTOR (THRU 06/2024)	1.00	Director	$0	$0	$0
BARBARA WACHSMAN MPH	DIRECTOR (THRU 06/2024)	1.00	Director	$0	$0	$0
JOHN A WILSON MD FAANS FACS	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE K WOODS MD	DIRECTOR (THRU 06/2024)	1.00	Director	$0	$0	$0
AMY E YOUNG MD	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY OGRINC MD	SVP, CERT STANDARD & PRGM	40.00	Key Emp	$397,148	$88,888	$579,604
JENNIFER MICHAEL	CHIEF OPERATING OFFICER	47.50	Key Emp	$353,702	$87,266	$459,584
STEPHANIE DONOVAN	CHIEF LEGAL OFFICER	47.50	Key Emp	$307,719	$86,138	$410,053
CARRIE RADABAUGH	SVP, GOVERNANCE AND BOARD RELATIONS	47.50	Key Emp	$306,524	$82,992	$405,649
AMY GIBSON	SVP POLICY & EXT. RELATIONS	50.00	Key Emp	$304,674	$52,305	$356,979
JULIE HUBBARD	CFO	47.50	Key Emp	$267,449	$35,669	$317,194
DORIA LESS	ACCOUNT EXECUTIVE	50.00	Highest	$308,813	$33,317	$342,130
RICHARD WATERS	CHIEF MARKETING OFFICER	49.00	Highest	$279,677	$49,527	$334,912
DAVID COURSEY	DIRECTOR OF SALES	50.00	Highest	$280,356	$37,984	$318,340
KRISTA ALLBEE	VP, ASSESSMENT PROGRAMS	50.00	Highest	$273,062	$22,095	$295,157
WILLIAM SIVRAIS	AVP, ASSESS PROGRAMS	47.50	Highest	$213,488	$59,376	$284,101

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	$23,437,500	$19,858,444	$46,726,373	$3,579,056
2023	$21,808,011	$18,468,046	$41,229,992	$3,339,965
2022	$21,397,111	$17,622,393	$34,498,682	$3,774,718
2021	$22,297,576	$17,544,840	$33,424,313	$4,752,736
2020	$20,237,205	$17,639,354	$27,765,999	$2,597,851
2019	$22,297,714	$19,392,403	$23,246,326	$2,905,311
2018	$18,567,602	$20,737,868	$21,628,159	$-2,170,266

AMERICAN BOARD OF MEDICAL SPECIALTIES