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 Continuing Certification), totaling approximately $5.2 million annually.

  • 46% - Initial Certification ($2,441,650)
  • 52% - Continuing Certification ($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 Continuing 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% - Continuing 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. For more about how the Board manages its finances, please read our FAQs.