Federation of State Medical Boards of the United States Inc
Only null% goes to programs Strong reserves
Federation of State Medical Boards of the United States Inc is a 501(c)(6) organization based in Euless, Texas, registered in 2009, with $67,031,105 in FY2024 revenue. CharityIndex grades it A.
400 Fuller Wiser Rd, Euless, TX, 76039 EIN 75-1092490 Since 2009
Revenue (FY2024)
$67.0M
▼ 5.0% vs prior year
Diseases median: $206K
Expenses (FY2024)
$65.3M
Net assets
$89.6M
Employees
191
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Federation of State Medical Boards of the United States Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Federation of State Medical Boards of the United States Inc: 16 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Federation of State Medical Boards of the United States Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Federation of State Medical Boards of the United States Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Leader in medical regulation, serving as an innovative catalyst for effective policy & standards.
What they do
Member services:fsmb supports state medical boards as they protect the public and promote quality health care, partnering and innovating with them to shape the future of medical regulation.
Special purpose examination (spex) and united states medical licensing examination (usmle):the federation makes available to member medical boards, a uniform, high quality examination for medical licensure along with administering the exams. approximately 97 spex exams were completed and 38,283 examinees sat for step three of usmle. also, approximately 113,294 transcript requests were processed.
Physician data center:the federation maintains a database of physicians licensed in the us and its territories. state medical boards provide disciplinary updates on physicians licensed in each jurisdiction. over 378,921 data and/or disciplinary searches were made during the year.
Contact & location
- Address
- 400 Fuller Wiser Rd, Euless, TX, 76039
- City
- Euless
- State
- Texas
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $47.9M (FY2013) to $67.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $26.4MNet assets $89.6M
Operating margin
2.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$115.9M
Total liabilities
$26.4M
Net assets
$89.6M
Salaries & benefits
$19.9M
31% of expenses
Board members
15
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $67,031,105▼5.0% | $65,290,835▲8.6% | $89,558,917▲5.9% | $115,939,404▲4.7% | 990 |
| 2023 | $70,524,058▲12.1% | $60,138,796▲15.2% | $84,555,851▲16.7% | $110,759,425▲15.8% | 990 |
| 2022 | $62,904,225▲2.6% | $52,195,081▲0.5% | $72,433,013▲15.5% | $95,672,054▲15.3% | 990 |
| 2021 | $61,293,815▲12.7% | $51,947,871▲6.8% | $62,697,120▲8.8% | $83,006,184▲6.2% | 990 |
| 2020 | $54,397,022▲5.8% | $48,623,661▲7.8% | $57,644,883▲33.3% | $78,140,270▲33.3% | 990 |
| 2019 | $51,397,414▲3.6% | $45,122,121▲0.6% | $43,239,048▲8.4% | $58,622,367▲1.4% | 990 |
| 2018 | $49,614,224▲6.2% | $44,855,035▲8.1% | $39,899,049▲15.9% | $57,841,505▲12.1% | 990 |
| 2017 | $46,702,253▼2.0% | $41,486,541▼6.0% | $34,433,649▲21.9% | $51,617,992▲10.0% | 990 |
| 2016 | $47,642,101▲11.6% | $44,141,237▲4.5% | $28,240,577▲18.0% | $46,915,682▲12.9% | 990 |
| 2015 | $42,707,588▼7.8% | $42,247,345▲0.9% | $23,927,732 | $41,542,162▲13.4% | 990 |
| 2014 | $46,344,177▼3.3% | $41,857,216▼5.5% | $23,935,896▲18.2% | $36,622,706▲3.5% | 990 |
| 2013 | $47,902,543 | $44,306,747▲9.8% | $20,252,572▲22.7% | $35,399,390▲9.6% | 990 |
| 2012 | — | $40,366,634▲10.6% | $16,503,888▲15.9% | $32,290,438▲11.6% | 990 |
| 2011 | — | $36,493,263▼5.9% | $14,237,277▼6.5% | $28,943,003▲0.3% | 990 |
| 2010 | — | $38,775,656▼3.6% | $15,229,042▲2.2% | $28,864,267▲2.9% | 990 |
| 2009 | — | $40,207,342 | $14,902,341 | $28,054,874 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Humayun Chaudhry — $749,072 (1.15% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Humayun Chaudhry | Ceo | 37 | $749,072 |
| Michael Dugan | Cio | 40 | $397,442 |
| Lisa Robin | Cao | 40 | $387,349 |
| Todd Phillips | Cfo | 40 | $370,518 |
| David Johnson | Chief Assessment Officer | 40 | $335,070 |
| Eric Fish | Chief Legal Officer | 40 | $314,819 |
| Mark Staz | Chief Learning Officer | 40 | $264,707 |
| Cyndi Streun | Vp, Information Svcs | 40 | $242,247 |
| Aaron Young | Vp, Research & Data Services | 40 | $222,224 |
| Andrea Ciccone | Chief of Staff | 40 | $214,609 |
| Frank Meyers | Deputy Legal Counsel | 40 | $191,048 |
| Joseph Knickrehm | Vp, Communications | 40 | $189,097 |
| Christine Wells | Director, Product Manager Transformation & Automat | 40 | $183,053 |
| Katie Templeton | Chair | 18 | $86,385 |
| Jeffrey Carter | Immediate Past Chair | 18 | $83,049 |
| George Abraham | Chair-elect | 18 | $38,342 |
| Sarvam Terkonda | Outgoing Past Chair | 18 | $36,680 |
| Maroulla Gleaton | Director | 20 | $6,969 |
| Andrea Anderson | Director | 20 | $5,402 |
| Christy Valentine Theard | Director | 20 | $5,360 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Mekanic LLC | Branding and Creative Services | $271,250 |
| Cliftonlarsonallen LLP | Auditing Firm/consulting | $186,272 |
| Brownstein Hyatt Farber Schreck LLP | Policy Counsel | $180,176 |
| Alston & Bird LLP | Policy Counsel | $135,000 |
| Anne K Lawler | Consulting Services | $134,137 |
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Compare Federation of State Medical Boards of the United States Inc
Frequently asked questions
- Is Federation of State Medical Boards of the United States Inc a legitimate nonprofit?
- Yes. Federation of State Medical Boards of the United States Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 75-1092490, based in Euless, Texas.
- What is Federation of State Medical Boards of the United States Inc's EIN?
- Federation of State Medical Boards of the United States Inc's Employer Identification Number (EIN) is 75-1092490.
- How much revenue does Federation of State Medical Boards of the United States Inc report?
- Federation of State Medical Boards of the United States Inc reported $67,031,105 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Federation of State Medical Boards of the United States Inc have?
- CharityIndex grades Federation of State Medical Boards of the United States Inc A, based on financial health (reserves and operating margin).
- How much does Federation of State Medical Boards of the United States Inc's highest-paid employee make?
- The highest reported compensation on Federation of State Medical Boards of the United States Inc's latest Form 990 is $749,072, paid to Humayun Chaudhry (Ceo).
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Data for Federation of State Medical Boards of the United States Inc (EIN 75-1092490) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.