AMERICAN BOARD OF NEUROLOGICAL SUR… - 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

1940

Legal Domicile

Principal Officer

MARJORIE WANG

Phone

5073220400

Tax Period

2023-01-01 to 2023-12-31

AMERICAN BOARD OF NEUROLOGICAL SURGERY, founded in 1940, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $5.1M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE PRIMARY PURPOSE OF ABNS IS TO CONDUCT EXAMINATIONS OF CANDIDATES WHO VOLUNTARILY SEEK CERTIFICATION, AND TO ISSUE CERTIFICATES TO THOSE WHO MEET THE REQUIRMENTS OF THE BOARD.

Program Service Accomplishments

Program 1

Expenses: $1,561,638 Revenue: $2,317,596

A. IN MARCH OF 2023, THE PRIMARY EXAM WAS TAKEN BY 638 EXAMINEES FOR SELF-ASSESSMENT AND 249 EXAMINEES FOR CREDIT. THE PASS RATE FOR THOSE WHO TOOK IT FOR CREDIT WAS 97%.B. THE ABNS ORAL EXAMINATION IS GIVEN TWICE A YEAR; SPRING AND FALL. THE 2023 SPRING ADMINISTRATION HAD A PASS RATE OF 84.6%. THE 2023 FALL ADMINISTRATION HAD A PASS RATE OF 83.6%. C. THERE ARE CURRENTLY 6,317 ACTIVE DIPLOMATES. D. IN 2023, 21 INDIVIDUALS LOST BOARD CERTIFICATION. E. WE ARE ACTIVELY TRACKING MORE THAN 1,600 RESIDENTS ENROLLED IN AN ACGME ACCREDITED NEUROSURGERY PROGRAM.F. IN 2021, THE ABNS REQUIRED ALL NEW GRADUATES TO BEGIN PARTICIPATING IN CONTINUOUS CERTIFICATION. IN 2023, THE PARTICIPATION IN OUR LEARNING TOOLS FOR THE CC PROGRAM ARE LISTED BELOW: H. 717 UNIQUE COMPLETIONS (NOT INCLUDED IN PROCESS, STARTED, ETC.):I. 644 GENERAL LEARNING TOOL COMPLETIONSII. 144 CNS ENDOVASCULAR LEARNING TOOL COMPLETIONSIII. 67 NCC LEARNING TOOL COMPLETIONSIV. 55 PEDS LEARNING TOOL COMPLETIONS

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,762,744

Program Service Revenue $2,505,449

Investment Income $-90,532

Other Revenue $0

TOTAL REVENUE $4,177,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,343,272

Fundraising Expenses $0

Program Expenses $1,561,638

Other Expenses $3,722,743

TOTAL EXPENSES $5,066,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,177,661	$5,234,388	-0.2%
Expenses	$5,066,015	$3,540,663	+0.4%
Net Income	$-888,354	$1,693,725	-1.5%

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

230

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

$520,173

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARJORIE WANG MD	CHAIR	8.00	Officer Director	$0	$0	$0
CARGILL ALLEYNE MD	DIRECTOR	3.00	Director	$0	$0	$0
PAUL CAMARATA MD	DIRECTOR	3.00	Director	$0	$0	$0
HOWARD RIINA MD	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD BYRNE MD	DIRECTOR	3.00	Director	$0	$0	$0
LANGSTON HOLLY MD	DIRECTOR	3.00	Director	$0	$0	$0
JUDY HUANG MD	DIRECTOR	3.00	Director	$0	$0	$0
RANDY JENSEN MD	DIRECTOR	3.00	Director	$0	$0	$0
MARK KRIEGER MD	DIRECTOR	3.00	Director	$0	$0	$0
JAMIE ULLMAN MD	DIRECTOR	3.00	Director	$0	$0	$0
RUSSELL LONSER MD	SECRETARY	3.00	Officer Director	$0	$0	$0
JOHN WILSON MD	TREASURER	3.00	Officer Director	$0	$0	$0
NATHAN SELDEN MD	TREASURER	3.00	Director	$0	$0	$0
STEVEN KALKANIS MD	VICE CHAIR	3.00	Officer Director	$0	$0	$0
PRAVEEN MUMMANENI MD	VICE CHAIR	3.00	Director	$0	$0	$0
ELIZABETH S KOEHNEN	FORMER CAO	40.00	Officer	$360,744	$159,429	$520,173

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	$4,177,661	$5,066,015	$14,358,915	$-888,354
2022	$5,234,388	$3,540,663	$13,510,767	$1,693,725
2021	$4,755,830	$2,584,553	$12,646,232	$2,171,277
2020	$4,320,331	$2,376,040	$9,121,810	$1,944,291
2020	$4,910,630	$2,934,737	$9,146,973	$1,975,893
2019	$4,403,294	$2,986,460	$6,876,780	$1,416,834
2018	$3,814,725	$2,915,684	$5,489,181	$899,041

AMERICAN BOARD OF NEUROLOGICAL SURGERY