ABFM FOUNDATION INC

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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

TO PERFORM THE FUNCTIONS OF AND CARRY OUT THE EDUCATION SCIENTIFIC LITERARY AND CHARITABLE PURPOSES OF ITS SUPPORTED ORGANIZATION, THE AMERICAN BOARD OF FAMILY MEDICINE (ABFM) INCLUDING: (A)TO ACCEPT FUNDING REQUESTS SUBMITTED TO THE ABFM OR FROM OTHER ORGANIZATIONS INVOLVED IN THE FOSTERING OF EDUCATION, SCHOLARLY ACTIVITIES OR RESEARCH IN FAMILY MEDICINE OR EDUCATIONAL TRAINING AND TESTING AND TO ADVISE THE ABFM OF THE BENEFIT TO THE SPECIALTY OF FAMILY MEDICINE OF PROVIDING SUCH SUPPORT; (B)TO SOLICIT AND ACCEPT CONTRIBUTIONS OR RESEARCH GRANTS FROM ORGANIZATIONS TO HELP FUND ANY PROJECTS/INITIATIVES THAT MEET THE ABOVE REQUIREMENTS.

Program Service Accomplishments

Program 1

Expenses: $3,093,221

RESEARCH DIRECTED TOWARDS IMPROVING THE EDUCATION, TRAINING AND CERTIFICATION PROCESSES FOR FAMILY PHYSICIANS.

Program 2

Expenses: $836,377 Revenue: $1,006,974

THE FOUNDATION MANAGES THE PUBLICATION OF THE JOURNAL OF THE AMERICAN BOARD OF FAMILY MEDICINE (JABFM) AND OF THE ANNALS OF FAMILY MEDICINE. BOTH JOURNALS PUBLISH PEER REVIEWED ARTICLES FROM...

THE FOUNDATION MANAGES THE PUBLICATION OF THE JOURNAL OF THE AMERICAN BOARD OF FAMILY MEDICINE (JABFM) AND OF THE ANNALS OF FAMILY MEDICINE. BOTH JOURNALS PUBLISH PEER REVIEWED ARTICLES FROM RESEARCHERS WHO ARE ADDRESSING HEALTH CARE ISSUES FACING THE PATIENTS IN THE CARE OF FAMILY PHYSICIANS.

Program 3

Expenses: $2,468,494 Revenue: $2,468,494

THE FOUNDATION MANAGES THE CENTER FOR PROFESSIONALISM & VALUE IN HEALTH CARE. THE CENTER, LOCATED IN WASHINGTON DC, AIMS TO STUDY RELATIONSHIPS BETWEEN PROFESSIONALISM AND VALUE, PROMOTE THEIR...

THE FOUNDATION MANAGES THE CENTER FOR PROFESSIONALISM & VALUE IN HEALTH CARE. THE CENTER, LOCATED IN WASHINGTON DC, AIMS TO STUDY RELATIONSHIPS BETWEEN PROFESSIONALISM AND VALUE, PROMOTE THEIR ALIGNMENT, REDUCE HEALTH PROFFESSIONALS' BURDEN AND BETTER SUPPORT OUTCOME AND QUALITY IMPROVEMENT. THE CENTER ALSO MANAGES THE PRIME REGISTRY, AN OUTPATIENT CLINICAL DATA REGISTRY AND IS A QUALIFIED CLINICAL DATA REGISTRY.

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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