Revenue and Expenses

The American Board of Medical Specialties® (ABMS®), a nationally recognized not-for-profit organization, serves the public and the medical profession by improving the quality of health care through setting professional and educational standards for medical specialty practice and certification in partnership with its 24 certifying Member Boards.

Fulfilling this mission requires the commitment of our leaders and resources, prudent stewardship, and transparency.

The information on this page shows the consolidated revenue sources and expenses as reported in the 2017 Forms 990 for ABMS and its affiliates (latest reports filed). It excludes restricted contributions and board-designated investment income totaling $1.5M. ABMS used reserves to invest in Board Certification research, innovation, and program development.

 

ABMS uses the accrual-based accounting methodology required by the generally accepted accounting principles (GAAP) to report its financial activity. Download the following 2017 ABMS Forms 990:

Fees from Members Boards and Associate Members
Fees, subscriptions, and royalties for credential verification and database use
Fees related to certification services, ABMS Conference, grants, and physician involvement in quality and performance improvement initiatives
Development and implementation of educational and professional standards for the evaluation, assessment, and certification of physician specialists
Convening, advocacy, and engagement with stakeholders
Legal, finance, IT, human resources, organization support, insurance, and office-related costs
Convening, engagement, and governance with Member Boards
Products and services for verifying specialty certification to the public, hospitals, health systems, insurers, and other organizations