ABFM FOUNDATION INC (EIN 611368512) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

ROGER BEAN

Phone

8772237437

Tax Period

2024-01-01 to 2024-12-31

ABFM FOUNDATION INC, founded in 2000, is a mid-sized nonprofit in the Human Services sector that reported $25.0M in total revenue in fiscal year 2024. Revenue surged 182% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.5M, a strong 62% operating margin.

Mission

FOSTERING OF EDUCATION AND SCHOLARLY ANALYSIS OR RESEARCH IN FAMILY MEDICINE

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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 $13,198,926

Program Service Revenue $3,475,468

Investment Income $7,447,689

Other Revenue $868,314

TOTAL REVENUE $24,990,397

Expense Breakdown

Grants Paid $3,605,213

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,004,362

Other Expenses $5,922,711

TOTAL EXPENSES $9,527,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,990,397	$8,860,380	+1.8%
Expenses	$9,527,924	$7,792,687	+0.2%
Net Income	$15,462,473	$1,067,693	+13.5%

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

N/A

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

$1,229,675

Total Directors

$1,030,941

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN NEWTON MD	DIRECTOR/PRESIDENT/SECRETA	2.00	Officer Director	$0	$50,175	$999,441
DIANE BEEBE MD	DIRECTOR AND CHAIR	1.50	Officer Director	$6,500	$0	$6,500
CARLOS JAEN MD	DIRECTOR AND VICE CHAIR	1.00	Officer Director	$6,000	$0	$6,000
LAURA BROOKS MD	DIRECTOR AND TREASURER	1.50	Officer Director	$6,000	$0	$6,000
SAM JONES MD	DIRECTOR	1.00	Director	$5,500	$0	$5,500
COLLEN CONRY MD	DIRECTOR	1.00	Director	$4,500	$0	$4,500
CARLOS GONZALES	DIRECTOR	1.00	Director	$1,500	$0	$1,500
JERRY KRUSE	DIRECTOR	1.00	Director	$1,500	$0	$1,500
ROGER BEAN CPA	EXECUTIVE DIRECTOR	35.00	Officer	$0	$16,308	$211,734

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	$24,990,397	$9,527,924	$130,610,531	$15,462,473
2023	$8,860,380	$7,792,687	$109,220,739	$1,067,693
2022	$8,163,967	$8,454,847	$94,569,952	$-290,880
2021	$37,168,885	$3,888,399	$110,227,937	$33,280,486
2020	$8,159,146	$3,535,785	$70,656,649	$4,623,361
2019	$16,374,732	$3,300,277	$61,756,893	$13,074,455

ABFM FOUNDATION INC