COMING SOON!detailed Analysis of the consolidated audited

financial statements of The American Board of

Internal Medicine and ABIM Foundation For the year

ending June 30, 2014Click or tap image for

statements

AA charles p. kroll production (member aicpa)APromoting Financial Reporting Transparencyat Healthcare Not-for-Profit Organizations

Born in Chicago (south side)Grew up in Chicago Heights

Loyola university of ChicagoHealthcare forensic accountantProud father-runner-drummer

ABOUT

After ABIM omitted 6 key financial schedules . . .background

Click or tap images for articles

. . . And a 17 day campaign on twitter . . .

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. . . ABIM reversed course and posted

to their website a complete set of

Fiscal Year (FY) 2014 consolidated

financial statements.

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Click or tap image for tweet

Sneak preview . . .

Cash and cash equivalents doubled to $48.5 million from $24.8 million . . .

. . . while Unearned, pre-paid certification cash collected increased $20 million to

$94 million (“deferred revenue”) . . .

. . . with 29.7% ($23.8 million)

of ABIM’s investment

portfolio in illiquid level 3

assets . . .Click or tap image for tweet

. . . the book value (cost minus depreciation) of the condominium stood at $1.7 million * . . .

* Click or tap image for listing: condo put on the market 12-12-14 for $1,975,000

. . . abim’s net deficit, assets

minus liabilities, was negative

$47.9 million at June 30, 2014 . . .

. . . After decreasing

$4.7 million (11.0%)

during the year ending June 30,

2014 . . .

. . . Due in large part to a $3.6

million “loss on abandonment of

equipment” purchased the year before.

Click or tap image for tweet

on a consolidated

basis, staff expenses increased 12.9% ($3.5 million)

to $30.7 million . . .

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. . . While total earned certification & MOC revenues decreased 1.1% ($604,793) from FY13 . . .

. . . Contributing to FY14 consolidated

program service losses, including

overhead, of $9.5 million (A+B-C) . . .

. . . but No fear of commitment: $86.4 million in future minimum rental payments through 2040 . . .

But wait, there’s more . . .

. . . Including trend analysis of financial statements filed in prior years with the state

of Pennsylvania and 990 tax returns dating back to FY 2002 . . .

Click or tap image for PDF

. . . But I need your help . . .

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Episode 1: In the Grasp of the Gang *

* Keystone kops (1914)

AA charles p. kroll production (member aicpa)APromoting Financial Reporting Transparencyat Healthcare Not-for-Profit Organizations