American Board Of Dermatology Inc

American Board Of Dermatology Inc maintains stable finances with zero officer compensation, but 2023 liabilities surged to $15 million.

EIN: 131549125 · Newton Center, MA · Updated: 2026-03-28

$5.2MRevenue

$22.3MAssets

85/100Mission Score (Excellent)

About American Board Of Dermatology Inc

American Board Of Dermatology Inc (EIN: 131549125) is a nonprofit organization based in Newton Center, MA. The organization reported total revenue of $5.2M and total assets of $22.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Board Of Dermatology Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates American Board Of Dermatology Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, American Board Of Dermatology Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The American Board Of Dermatology Inc consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to its officers. This is highly unusual for an organization of its size with revenues exceeding $4 million annually and suggests a volunteer-led executive structure or that compensation is reported under different categories.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of American Board Of Dermatology Inc's IRS 990 filings:

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

The following positive indicators were identified for American Board Of Dermatology Inc:

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.

Frequently Asked Questions about American Board Of Dermatology Inc

What caused the significant increase in liabilities to $15,042,000 in 2023, up from $37,096 in 2022?

The provided data does not specify the nature of this substantial increase in liabilities. It would be crucial to examine the full IRS Form 990 for 2023 to understand the specific accounts contributing to this change, such as new debt, deferred revenue, or other obligations.

How does the organization manage to operate with 0% officer compensation, given its revenue and asset size?

The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that executive functions are performed by individuals compensated through other means not classified as 'officer compensation' on the 990, or by an affiliated entity. Further investigation into the organization's governance structure and staffing model would be necessary.

What are the specific program activities and their associated costs for American Board Of Dermatology Inc?

The provided summary data does not detail the specific program activities or their individual costs. To understand the impact and scope of their programs, one would need to review the program service accomplishments section of their full IRS Form 990.

Filing History

IRS 990 filing history for American Board Of Dermatology Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), American Board Of Dermatology Inc's revenue has grown by 143.7%, moving from $2.0M to $4.9M. Total assets increased by 310.6% over the same period, from $5.1M to $21.1M. Total functional expenses rose by 204.2%, from $1.5M to $4.6M. In its most recent filing year (2023), American Board Of Dermatology Inc reported a surplus of $368K, with revenue exceeding expenses. The organization holds $15K in liabilities against $21.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $21.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$4.9M	$4.6M	$21.1M	$15K	—	—
2022	$4.6M	$4.8M	$18.7M	$37K	—	View 990
2021	$8.6M	$3.7M	$22.6M	$58K	—	View 990
2020	$3.8M	$2.8M	$17.4M	$142K	—	View 990
2019	$3.7M	$3.2M	$14.8M	$0	—	—
2018	$3.2M	$2.7M	$12.4M	$0	—	View 990
2017	$3.4M	$2.8M	$13.0M	$40K	—	—
2016	$3.2M	$2.4M	$11.3M	$41K	—	View 990
2015	$2.4M	$2.3M	$10.5M	$211K	—	View 990
2014	$2.6M	$2.3M	$10.2M	$0	—	View 990
2013	$2.7M	$2.0M	$9.5M	$0	—	View 990
2012	$2.8M	$1.6M	$7.9M	$0	—	View 990
2011	$2.7M	$1.5M	$6.2M	$293	—	View 990
2010	$2.0M	$1.5M	$5.1M	$137	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $4.9M, expenses of $4.6M, and assets of $21.1M (revenue +6.3% year-over-year).
2022: Revenue of $4.6M, expenses of $4.8M, and assets of $18.7M (revenue -46.2% year-over-year).
2021: Revenue of $8.6M, expenses of $3.7M, and assets of $22.6M (revenue +128.0% year-over-year).
2020: Revenue of $3.8M, expenses of $2.8M, and assets of $17.4M (revenue +3.7% year-over-year).
2019: Revenue of $3.7M, expenses of $3.2M, and assets of $14.8M (revenue +13.1% year-over-year).
2018: Revenue of $3.2M, expenses of $2.7M, and assets of $12.4M (revenue -4.3% year-over-year).
2017: Revenue of $3.4M, expenses of $2.8M, and assets of $13.0M (revenue +4.8% year-over-year).
2016: Revenue of $3.2M, expenses of $2.4M, and assets of $11.3M (revenue +34.7% year-over-year).
2015: Revenue of $2.4M, expenses of $2.3M, and assets of $10.5M (revenue -8.8% year-over-year).
2014: Revenue of $2.6M, expenses of $2.3M, and assets of $10.2M (revenue -3.7% year-over-year).
2013: Revenue of $2.7M, expenses of $2.0M, and assets of $9.5M (revenue -1.1% year-over-year).
2012: Revenue of $2.8M, expenses of $1.6M, and assets of $7.9M (revenue +2.1% year-over-year).
2011: Revenue of $2.7M, expenses of $1.5M, and assets of $6.2M (revenue +33.1% year-over-year).
2010: Revenue of $2.0M, expenses of $1.5M, and assets of $5.1M.

Data Sources and Methodology

This transparency report for American Board Of Dermatology Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.