National Board of Medical Examiners is a 501(c)(3) organization based in Philadelphia, Pennsylvania, registered in 1937, with $189,758,430 in FY2024 revenue. CharityIndex grades it A, and it directs about 80% of spending to programs.
Revenue (FY2024)
$189.8M
▲ 9.0% vs prior year
Health median: $840K
Expenses (FY2024)
$178.6M
Net assets
$368.7M
Employees
647
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. For National Board of Medical Examiners: 80% to programs earns a A on this criterion. See the exact thresholds →
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 National Board of Medical Examiners: 25 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
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 National Board of Medical Examiners: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 National Board of Medical Examiners: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Nbme advances assessment of healthcare professionals to achieve optimal care for all.
The medical school and student services program provides assessment services to domestic and international medical schools, students, and residents. assessments include the subject examination program, self-assessment services, and web-based examination programs and pilot projects. subject exams measure achievement in the traditional basic and clinical science disciplines and are used to compare student performance with a national reference group. a series of web-based self-assessments are available to help students assess their readiness to take usmle. faculty services include item-writing workshops, and medical school liaison activities include the advisory committee for medical school programs.note: the expenses reflected above do not include management and general expenses.
The growth and innovation unit includes the office of research which supports nbmes research enterprise by coordinating nbmes research efforts across the organization and ensuring that nbmes research portfolio is consistent with institutional priorities. in addition to these defined programs of research and development, each program area and service unit is charged to carry on a program of research and development relevant to the work of the program or unit, for example, development of new item formats for usmle, exploring relationships between prior measures and certifying exam performance for those we serve and developing new testing methods for those we serve. these research and development activities result in the publication of dozens of research reports in scientific journals and presentations at scientific meetings each year.the office of research is responsible for conducting research related to improving the quality and efficiency of nbme products, services, and procedures. it is also aimed at developing capabilities that allow nbme to expand its range of assessments both geographically and across the health professions. in addition to this work, the office of research provides non-routine technical support to other organizational divisions and subunits and conducts research to contribute to the field of measurement.this unit delivers information vital for planning strategy related to innovative assessments to meet stakeholder needs. they support conception and market testing of product ideas and the research to investigate and sustain products and services.on january 31, 2024, nbme completed the acquisition of the assets of medvr education (medvr), a business segment of elearning design center, llc, based in south lyon, michigan. medvr is an extended reality platform that offers both off-the-shelf and customized virtual reality simulation training solutions for patient care, critical care nursing skills, and health care management utilized by universities and healthcare institutions.the primary reasons for the acquisition included expanding nbme's capabilities in innovation and enhancing its portfolio of advanced educational technologies. specifically, nbme acquired medvr to leverage its leading technology in simulation-based learning to support nbmes strategic objective of developing new tools and assessments that support learners throughout their medical education.
Custom programs consist of a diverse portfolio of global customized assessment services and examination programs. the primary sources of revenue for custom programs are health profession services, the health and wellness coach certifying examination and the post licensure assessment system. the health profession services program provides comprehensive assessment, educational, consultative, and research services for healthcare organizations. during 2024, nbme's health profession services worked with a variety of organizations to administer examinations for purposes of licensure and other evaluations of special competence for examination programs sponsored by health-related organizations. these organizations included allied health professional associations, members of the american
Revenue grew from $136.3M (FY2013) to $189.8M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
5.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$457.2M
Total liabilities
$88.5M
Net assets
$368.7M
Salaries & benefits
$96.1M
54% of expenses
Board members
12
11 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $189,758,430▲9.0% | $178,563,223▲9.1% | $368,685,505▲13.2% | $457,188,976▲2.8% | 990 |
| 2023 | $174,159,356▲2.3% | $163,735,447▲11.0% | $325,704,997▲14.8% | $444,844,524▲8.8% | 990 |
| 2022 | $170,264,713▼14.1% | $147,523,156▲0.1% | $283,650,857▲15.0% | $408,783,672▼7.3% | 990 |
| 2021 | $198,319,114▲34.0% | $147,446,165▼7.1% | $246,705,636▲49.2% | $441,118,666▲11.2% | 990 |
| 2020 | $147,961,859▼18.1% | $158,761,733▼10.6% | $165,336,443▲12.7% | $396,621,143▼0.3% | 990 |
| 2019 | $180,705,162▲3.0% | $177,615,287▲3.1% | $146,674,901▲18.1% | $397,806,467▲17.9% | 990 |
| 2018 | $175,436,266▼0.1% | $172,353,556▲2.9% | $124,236,972▼30.1% | $337,351,702▼6.7% | 990 |
| 2017 | $175,591,889▲11.0% | $167,550,910▲3.6% | $177,636,701▲38.5% | $361,484,921▲8.4% | 990 |
| 2016 | $158,255,403▲2.5% | $161,704,467▲11.5% | $128,302,732▲5.5% | $333,550,555▲5.9% | 990 |
| 2015 | $154,368,929▲4.3% | $145,079,048▲8.6% | $121,610,466▼21.7% | $314,995,058▼1.8% | 990 |
| 2014 | $148,010,066▲8.6% | $133,565,330▲6.9% | $155,334,433▼0.1% | $320,858,784▲6.5% | 990 |
| 2013 | $136,253,820 | $124,908,110▲10.1% | $155,424,353▲17.4% | $301,239,569▲14.3% | 990 |
| 2012 | — | $113,479,812▲4.8% | $132,384,202▲13.8% | $263,552,349▲10.9% | 990 |
| 2011 | — | $108,234,528▲2.3% | $116,337,519▼4.0% | $237,662,169▼2.4% | 990 |
| 2010 | — | $105,777,619 | $121,164,916 | $243,492,983 | 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.
Highest-paid: Peter J Katsufrakis — $2,021,966 (1.13% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Peter J Katsufrakis | President & Ceo | 45 | $2,021,966 |
| Christopher A Feddock | Avp, Cba | 45 | $431,422 |
| Alex J Mechaber | Vp, Usmle | 45 | $406,851 |
| Michael G Jodoin | Svp, C&p Mgmt | 45 | $401,336 |
| Linda M Gadsby | Svp, Gen Couns | 45 | $400,540 |
| Ye Tong | Svp, Assessment | 45 | $391,271 |
| Andrew F Farella | Svp & Cio | 45 | $379,272 |
| John J Hinke Jr | Svp & Cfo | 45 | $362,024 |
| Pamela L Treves | Svp, Growth | 45 | $347,095 |
| Kenneth W Ridgley | Vp, Test Dev Srvs | 45 | $342,216 |
| Steven Go | Vp, Assessment Ope | 45 | $340,819 |
| Rajat Arora | Vp, Ed Tech Innov | 45 | $293,662 |
| Antionette Crockrell | Vp, Business Dev | 45 | $289,243 |
| Janelle R Endres | Vp, Human Resources | 45 | $261,377 |
| Elisa K Moll | Vp, Strategy Management | 45 | $246,636 |
| Uchenna C Kwentoh | Vp, Marketing & Strategic Comm | 45 | $239,566 |
| Susan A Deitch | Secretary | 45 | $190,777 |
| Marie Foley | Vice Chair | 4 | $8,263 |
| David A Milling | Treasurer | 4 | $7,811 |
| Maya Hammoud | Director | 3 | $7,718 |
| Contractor | Services | Paid |
|---|---|---|
| Beacon Hill Staffing Group LLC | Employment Services | $1,025,944 |
| Perkins Coie LLP | Legal Services | $818,128 |
| Tyton Partners Capital Markets LLC | Consulting Services | $695,000 |
| 44 New England Management Company | Hotel Services | $555,037 |
| Mintz Production Group LLC | Audio Visual Services | $495,954 |
2 grants to National Board of Medical Examiners totaling $76K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Association of American Medical Colleges | Sponsorship of namme meeting | 2024 | $54,818 |
| American Medical Association | Usmle scoring | 2019 | $21,442 |
39 grants totaling $2.7M in FY2024 — showing the 15 largest. All grants made by National Board of Medical Examiners →
| Recipient | Purpose | Amount |
|---|---|---|
| National Medical Fellowships Inc | Grant - see part iv | $1,111,714 |
| Alvernia University | Grant - see part iv | $170,035 |
| Virginia Polytechnic Inst | Grant - see part iv | $107,507 |
| Drexel University | Grant - see part iv | $100,000 |
| Regents of the University of California At Riverside | Grant - see part iv | $100,000 |
| National Center For Civic Innovation Inc | Contribution - see part iv | $99,000 |
| Health Career Collaborative | Grant - see part iv | $75,000 |
| The Board of Trustees of the University of Illinois | Grant -see part iv | $75,000 |
| Albright College | Grant - see part iv | $60,640 |
| Together For West Philadelphia | Grant - see part iv | $60,000 |
| University City District | Contribution-see part iv | $50,624 |
| Icahn School of Medicine At Mount Sinai | Contribution - see part iv | $50,000 |
| National Association of Medical Spanish | Grant - see part iv | $50,000 |
| Maternity Care Coalition | Grant - see part iv | $50,000 |
| University of Washington | Grant - see part iv | $47,461 |
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Data for National Board of Medical Examiners (EIN 23-1352238) 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.