Abim Foundation

What it reported doing in 2024

The foundation seeks to advance the core values of medical professionalism as a force to improve the quality of health care in the united states. The ideals of professionalism are outlined in the physician charter, the creation of which the foundation co-sponsored and which has been widely embraced. Since 2012, the foundation has led the choosing wisely campaign, which has stressed the importance of avoiding unnecessary and potentially harmful care. And since 2017, the foundation has focused on improving trust in the health care system and making it more worthy of trust. Through our initiatives, we seek to better understand these obstacles and explore ways to overcome them. Much of our work focuses on advancing medical professionalism in the area of the wise use, or stewardship, of resources. (cont'd on sch. O) this includes the successful choosing wisely campaign which has reshaped how physicians and patients discuss whether or not particular services are in the best interest of the patient. It also includes the building trust initiative, a multi-faceted effort to increase conversation, thought leadership, research and best practices to elevate trust as an essential organizing principle for improving health care.one of our most significant contributions has been the publication of medical professionalism in the new millenium: a physician charter in 2002. Our past and present initiatives focus on promoting the principles and commitments outlined in this seminal document.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 100%; rating input score 100
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 98.6%; rating input score 99; 35th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 7.1%; rating input score 7; 6th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 54.1%; rating input score 93; 93rd percentile among comparable filings
• Total-asset coverage ratio: 26.76; rating input score 97; 97th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 82; 82nd percentile among comparable filings
• Officer compensation ratio: 50%; rating input score 1; 1st percentile among comparable filings

Growth

• Program expense growth: -4.3% per year; rating input score 0; 6th percentile among comparable filings
• Revenue growth: 0.6% per year; rating input score 100; 13th percentile among comparable filings
• Asset growth: 1.9% per year; rating input score 100; 19th percentile among comparable filings