American Board of Internal Medicine
Legal name: The American Board of Internal Medicine
Nonprofit profile at a glance
- EIN
- 390866228
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Philadelphia, PA, USA
- Phone
- 1-800-441-ABIM (2246)
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $108,351,701
- Expenses
- $79,401,446
- Assets
- $253,050,625
- Liabilities
- $165,038,826
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- RICHARD J BARON (PRESIDENT/CEO TO AUGUST 2024)
- FURMAN S MCDONALD (PRESIDENT/CEO AS OF SEPTEMBER 2024)
- VINCENT MANDES (SENIOR VICE PRESIDENT/CFO)
Highest reported compensation
- RICHARD J BARON (PRESIDENT/CEO TO AUGUST 2024): $1,566,325 total reported compensation
- FURMAN S MCDONALD (PRESIDENT/CEO AS OF SEPTEMBER 2024): $769,945 total reported compensation
- RICHARD BATTAGLIA (CHIEF MEDICAL OFFICER): $578,039 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The American Board of Internal Medicine (ABIM) is an independent, physician-led nonprofit organization that sets the standards for board certification in internal medicine and its subspecialties. Its mission is to enhance the quality of health care by certifying internists and subspecialists who demonstrate the knowledge, skills, and attitudes essential for excellent patient care.
What it reported doing in 2024
Abim's maintenance of certification (moc) credential means something different from initial certification. It speaks to the question of whether or not an internist is staying current with knowledge and practice in his/her discipline. Abim issues a binary consequential moc credential that is anchored in whether a physician is meeting a performance standard. Abim issues that credential based upon objective, fair, defensible psychometrically rigorous standards. Participation in moc means that a physician is demonstrating that s/he is engaged in certain continuous learning and education activities. Continued on schedule o.diplomates participating in abim's moc program are required to take and pass an assessment every 10 years to remain certified. They can do this by passing a point-in-time assessment called the traditional, 10-year moc exam, or achieving a passing score at the conclusion of their 5-year lka cycle. Diplomates holding certification in cardiology may also be able to satisfy this requirement by achieving a passing score in the collaborative maintenance pathway, an assessment product jointly created and administered by abim and the american college of cardiology. Most diplomates certified prior to 1990 are strongly urged to participate in moc but are not required to do so to remain certified. For all diplomates, in addition to reporting board certification, abim will report if they are participating in the moc program (i.e., engaging in moc activities frequently).participation in moc and continued certification by abim signifies a physician is staying current in his or her discipline.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 65
- Accountability: 42
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 53%; rating input score 53
- Program expense ratio: 77.4%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th 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: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 0%; rating input score 0; 4th 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: 26.7%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 3.19; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 9.2%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: 2.2% per year; rating input score 100; 16th percentile among comparable filings
- Revenue growth: 5.6% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 13.9% per year; rating input score 100; 83rd percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 53% of revenue deployed · 77.4% of spending went to programs
- Governance: 0 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $61.5M in reported program spending
- Leadership: top reported pay $1.6M · 29 people listed · 6 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes foreign activity, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 29 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 53/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Sustainability: Officer compensation ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.