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Finance & Budget Information

2020 Projected Revenue

$5,316,850

As depicted in the accompanying graphic, the ABO’s main source of income is fees for its examinations (written, oral, and Maintenance of Certification), totaling approximately $5.2 million annually.

  • 46% - Initial Certification ($2,441,650)
  • 52% - MOC ($2,767,000)
  • 2% - Miscellaneous ($108,200)

2020-revenue

Revenue


Annual Expenses

$4.5 million

On the expense side, approximately $2 million is required to conduct the initial written ($861,000) and oral ($1.2 million) certifying examinations. Expenses to administer the Maintenance of Certification components (Quarterly Questions and Improvement in Medical Practice Activities) tally approximately $1.4 million. Here is a breakdown of how the ABO spent its total revenue of $4.5 million last year:

23% - Administration and Governance ($1,036,979)

Administrative components of staff and CEO duties; ABMS dues; legal and financial management fees; digital properties development: resident tracking, certificate production, meetings with subspecialty societies, website and digital portal delivery, public and physician communications.

45% - Initial Certification ($2,030,114)

  • Program evaluation and development, physician communication.
  • Creation of content and examination forms, standard setting activities, volunteer training.
  • Test vendor contract costs (Prometric) for the written qualifying examination, facility rental for the oral examination, online platforms.

32% - Maintenance of Certification ($1,653,880)

  • Program evaluation and development, CME credit fees, physician communication.
  • Creation of content and examination forms, standard setting activities, volunteer training.
  • Administration of recertification activities, including Quarterly Questions, online platforms.

2020-Budget -Expenses


The financial information stated above is reflective of the American Board of Ophthalmology’s 2019 audited financial statements and 990 tax form.