Quick charity verification for American Board Of Dermatology Inc (EIN: 131549125)
Verdict: American Board Of Dermatology Inc appears trustworthy
85/100Mission Score
$5.2MRevenue
$22.3MAssets
2Red Flags
3Strengths
Red Flags
Significant unexplained increase in liabilities to $15,042,000 in 2023
Consistent 0% officer compensation for an organization of this size, which may obscure how executive functions are compensated or managed.
Strengths
Consistent growth in assets over the past decade, from $10,159,143 in 2014 to $21,055,823 in 2023.
Strong financial stability with revenues generally exceeding expenses in most years, indicating sound operational management.
Zero reported officer compensation, suggesting a high dedication to mission and potentially low overhead in executive salaries.
AI Transparency Report
The American Board Of Dermatology Inc demonstrates a generally stable financial position with consistent revenue streams and growing assets over the past decade, reaching $21,055,823 in assets by 2023. The organization consistently reports 0% officer compensation, which is a notable aspect of its financial management and transparency. While specific program spending ratios are not detailed in the provided data, the absence of officer compensation suggests a focus on mission-related expenditures rather than executive enrichment. The organization's liabilities have fluctuated, with a significant increase to $15,042,000 in 2023, which warrants further investigation to understand its nature and impact on financial health.