AMERICAN BOARD OF PHYSICAL MEDICINE AND REHABILITATION

EIN: 416029315

ROCHESTER, MN

Total Revenue
$7,834,317
Total Expenses
$6,567,040
Total Assets
$19,025,060
Net Assets
$18,972,190
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
MN
Principal Officer
CAROLYN L KINNEY MD
Phone
5072821776
Tax Period
2023-08-01 to 2024-07-31

AMERICAN BOARD OF PHYSICAL MEDICINE AND REHABILITATION, founded in 1947, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $1.3M, a strong 16% operating margin.

Mission

SERVE THE PUBLIC BY IMPROVING CARE IN PM&R THROUGH PHYSICIAN CERTIFICATION AND CONTINUOUS CERTIFICATION.

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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 $7,203,015
Investment Income $592,752
Other Revenue $38,550
TOTAL REVENUE $7,834,317

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,907,721
Fundraising Expenses $0
Other Expenses $2,659,319
TOTAL EXPENSES $6,567,040

Year-over-Year Comparison

2023 2022 Change
Revenue $7,834,317 $8,325,550 -0.1%
Expenses $6,567,040 $6,312,185 +0.0%
Net Income $1,267,277 $2,013,365 -0.4%
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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Governance

Voting Members
14
Independent Members
14
Employees
30
Volunteers
200

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
7
$920,128
Total Directors
14
$0
Key Employees
2
$401,164
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERILYN DRISCOLL MD BOARD DIRECTOR, CHAIR 4.00
Officer Director
$0 $0 $0
CAROLYN GEIS MD BOARD DIRECTOR, VICE CHAIR 4.00
Officer Director
$0 $0 $0
DIANE BRAZA MD BOARD DIRECTOR, TREASURER 4.00
Officer Director
$0 $0 $0
GERARD FRANCISCO MD BOARD DIRECTOR, SECRETARY 4.00
Officer Director
$0 $0 $0
SUSAN APKON MD BOARD DIRECTOR 4.00
Director
$0 $0 $0
DANIEL M CLINCHOT MD BOARD DIRECTOR 4.00
Director
$0 $0 $0
CHRISTOPHER GARRISON MD BOARD DIRECTOR 4.00
Director
$0 $0 $0
SUSAN GARSTANG MD BOARD DIRECTOR 4.00
Director
$0 $0 $0
JEFFERY JOHNS MD BOARD DIRECTOR 4.00
Director
$0 $0 $0
KEVIN MURPHY MD BOARD DIRECTOR 4.00
Director
$0 $0 $0
VU NGUYEN MD BOARD DIRECTOR 4.00
Director
$0 $0 $0
DAVID PRUITT MD BOARD DIRECTOR 4.00
Director
$0 $0 $0
SUNIL SABHARWAL MD BOARD DIRECTOR 4.00
Director
$0 $0 $0
RICHARD VAN HARRISON BOARD DIRECTOR PUBLIC MEMBER 4.00
Director
$0 $0 $0
CAROLYN KINNEY MD EXECUTIVE DIRECTOR 40.00
Officer
$561,421 $50,488 $611,909
PAUL ZOBITZ DIRECTOR OF OPERATIONS 40.00
Officer
$180,458 $16,389 $196,847
JUSTIN MATHRE FINANCIAL CONTROLLER 40.00
Officer
$107,213 $4,159 $111,372
DAN AGENTEN DIRECTOR OF TECHNOLOGY 40.00
Key Emp
$162,656 $41,855 $204,511
MIKAELA RADDATZ DIRECTOR OF PSYCHOMETRICS 40.00
Key Emp
$181,817 $14,836 $196,653
TERRY RASMUSSEN SOFTWARE ENGINEER 40.00
Highest
$168,528 $5,590 $174,118
CONNIE BROWN-CALDWELL ENTERPRISE ARCHITECT 40.00
Highest
$145,334 $24,844 $170,178
EMILY RAMMELMEIER DIRECTOR OF CERTIFICATION OPERATIONS 40.00
Highest
$128,224 $29,688 $157,912
BENJAMIN WALTERS SR WEB DEVELOPER 40.00
Highest
$129,394 $27,203 $156,597
JUDITH SPANN DIRECTOR OF COMMUNICATIONS 40.00
Highest
$133,416 $5,084 $138,500
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 $7,834,317 $6,567,040 $19,025,060 $1,267,277
2023 $8,325,550 $6,312,185 $17,825,920 $2,013,365
2022 $6,780,269 $5,280,880 $15,742,229 $1,499,389
2021 $4,571,001 $4,926,296 $14,196,429 $-355,295
2020 $5,868,692 $5,122,708 $14,564,815 $745,984
2019 $4,948,031 $5,116,318 $13,808,873 $-168,287
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