Anesthesia Patient Safety Foundation

Schaumburg, IL   |
GuideStar Charity Check

Anesthesia Patient Safety Foundation

EIN: 51-0287258


The APSF’s mission is to improve the safety of patients during anesthesia care by: Identifying safety initiatives and creating recommendations to implement directly and with partner organizations; Being a leading voice for anesthesia patient safety worldwide; Supporting and advancing anesthesia patient safety culture, knowledge, and learning.

Ruling year info



Daniel J Cole MD


Stacey Maxwell

Main address

1061 American Ln

Schaumburg, IL 60173 USA

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Subject area info

Medical specialties

Consumer protection

Population served info



NTEE code info

Medical Specialty Research (H90)

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Patient Safety Priorities - we have developed the following patient safety priorities for which our human and financial resources are alinged. 1. Culture of Safety/Teamwork/Clinician Safety 2. Clinical Deterioration 3. Non-Operating Room Anesthesia 4. Perioperative Brain Health 5. Opioid-Related Harm 6. Medication Safety 7. Infectious Diseases 8. Airway Management

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Investigator Initiated Research (IIR) Grant

This program’s objective is to stimulate and fund studies that will clearly improve patient safety and lead to prevention of mortality and morbidity resulting from anesthesia mishaps. Potential areas of research include a wide variety of safety topics.

Population(s) Served

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Enagement and Outreach to trainees and early career anesthesia providers.

This metric is no longer tracked.
Totals By Year
Related Program

Investigator Initiated Research (IIR) Grant

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

The Year by Year Results reflect the number of grants that were awarded.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

In February of 2022 we decided on the following six strategic goals which have been affirmed in our refresh. The APSF has a board meeting in February and September of each year at which our strategic plan is reviewed.

1. Continue to support our strengths in regard to research, education, collaboration, and communication (Newsletter, social media, website).
2. Two-way communication with patients.
3. Enhancing implementation of emerging technology.
4. Engagement and outreach to trainees and early career anesthesia providers.
5. Enhance collaborations.
6. International engagement.

1. Continue to support our strengths regarding research, education, collaboration, and communication (Newsletter, social media, website).
Newsletter read by over 650,000 people in every nation in the world.
Website-accessed by both US and International people each year.
US pageviews: 510,103
International pageviews: 527,725
Social media- All APSF platforms continue to grow in total followers, especially our newer platforms of
Instagram, TikTok and YouTube. Health and Wellness industry has been seeing a drop in audience growth of
about 20%. APSF, however, has had an increase in growth of about 11% during the same time period.
Research-continued support of three (3) grants each year.
Education-a consensus conference every September (non-operating room anesthesia in 2022, emerging
technology in 2023). A special consensus conference in November of 2022. Each of our conferences has a
summary manuscript published in a peer-reviewed journal. Educational activities developed on low-flow
anesthesia and neuromuscular monitoring that are posted online.
Collaborations continue with ASA, AANA and AAAA.

2. Two-way communication with patients.
Added patients and public input to our task forces.
Developed an online Patient Guide to Anesthesia and Surgery

3. Enhancing implementation of emerging technology.
Committee on Technology developed education tools on technology
Consensus Conference on Emerging Technology

4. Engagement and outreach to trainees and early career anesthesia providers.
Working with the ASA to develop a learning module on patient safety for trainees and early career providers
Working with IHI to spread their program on certification in patient safety

5. Enhance collaborations. While maintaining current collaborations we have developed several new
collaborations with relevant stakeholders.

6. International engagement.
Planned international meetings with the Indonesian Society of Anesthesiologists
Planned international meeting with the Japanese Society of Anesthesiologists
Presentations at two meetings in Brazil

Our capabilities for meeting our goals is quite high.

We have had success in implementing our strategic plan. We will continue to refresh our plan at every board meeting with a full and more comprehensive assessment in 2025.


Anesthesia Patient Safety Foundation
Fiscal year: Jan 01 - Dec 31
Financial documents
2021 The Anesthesia Patient Safety Foundation
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990


Average of 140.57 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990


Average of 5.7 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990


Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Anesthesia Patient Safety Foundation

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Anesthesia Patient Safety Foundation

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Anesthesia Patient Safety Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Anesthesia Patient Safety Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$863,106 $1,555,068 $1,447,227 $1,884,673 -$2,688,873
As % of expenses -34.9% 78.2% 85.4% 83.2% -118.8%
Unrestricted surplus (deficit) after depreciation -$863,106 $1,555,068 $1,447,227 $1,884,673 -$2,688,873
As % of expenses -34.9% 78.2% 85.4% 83.2% -118.8%
Revenue composition info
Total revenue (unrestricted & restricted) $2,021,148 $2,110,333 $4,413,213 $2,466,002 $3,325,369
Total revenue, % change over prior year 30.4% 4.4% 109.1% -44.1% 34.8%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 10.0% 10.2% 3.9% 6.6% 5.9%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 66.2% 61.3% 34.5% 58.1% 45.3%
Other revenue 23.7% 28.6% 61.6% 35.2% 48.9%
Expense composition info
Total expenses before depreciation $2,471,535 $1,987,804 $1,693,732 $2,265,745 $2,263,390
Total expenses, % change over prior year 38.6% -19.6% -14.8% 33.8% -0.1%
Personnel 7.9% 10.2% 13.4% 10.6% 12.3%
Professional fees 20.2% 32.3% 51.3% 33.2% 39.3%
Occupancy 0.2% 0.0% 0.5% 0.3% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 36.4% 23.9% 18.0% 28.9% 20.4%
All other expenses 35.3% 33.6% 16.9% 26.9% 28.0%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $2,471,535 $1,987,804 $1,693,732 $2,265,745 $2,263,390
One month of savings $205,961 $165,650 $141,144 $188,812 $188,616
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $2,677,496 $2,153,454 $1,834,876 $2,454,557 $2,452,006

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 2.4 5.4 13.2 16.8 5.0
Months of cash and investments 55.2 76.7 98.9 84.3 69.4
Months of estimated liquid unrestricted net assets 51.6 73.5 96.5 82.1 68.0
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $504,022 $890,697 $1,856,245 $3,174,973 $942,508
Investments $10,855,505 $11,822,357 $12,104,533 $12,750,635 $12,147,566
Receivables $0 $2,250 $34,230 $84,664 $36,800
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 5.1% 5.0% 2.1% 1.8% 1.6%
Unrestricted net assets $10,622,499 $12,177,567 $13,624,794 $15,509,467 $12,820,594
Temporarily restricted net assets $225,027 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $225,027 $16,994 $177,494 $295,366 $141,745
Total net assets $10,847,526 $12,194,561 $13,802,288 $15,804,833 $12,962,339

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No


The people, governance practices, and partners that make the organization tick.

Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization


Daniel J Cole MD

Daniel J. Cole, M.D. is the President of Anesthesia Patient Safety Foundation and serves on the Board of Directors. A neuroanesthesiologist by training he currently services as a Professor of Clinical Anesthesiology in the Department of Anesthesiology and Perioperative Medicine at the David Geffen School of Medicine, University of California, Los Angeles. He has published extensively, with more than 350 original manuscripts, chapters, abstracts, and editorials to his credit. He is also a distinguished lecturer with over 300 invited presentations on a broad range of topics in anesthesiology. Cole is a past president of the American Society of Anesthesiologists. He is the Executive Director for Professional Affairs for the American Board of Anesthesiology, and the American Board of Medical Specialties. Most importantly he is a champion for patient safety throughout his many roles in organized medicine.


Stacey Maxwell

Stacey Maxwell is the Administrator for the Anesthesia Patient Safety Foundation. She is responsible for helping to execute the overall management of APSF.

Number of employees

Source: IRS Form 990

Anesthesia Patient Safety Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Anesthesia Patient Safety Foundation

Board of directors
as of 03/28/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Daniel Cole


Board co-chair

Steven Greenberg

North Shore University HealthSystem

Shane Angus

Case Western Reserve University

Doug Bartlett

Steven Greeneberg

North Shore University HealthSystem

Lynn Reede

Northeastern University

John Beard

GE Healthcare

Jeffrey Feldman

Children’s Hospital of Philadelphia/University of Pennsylvania

Seema Kumbhat

Option Care Health

Joshua Lea

Massachusetts General Hospital/Northeastern University

Della Lin

Jay Mesrobian


May Pian-Smith

Massachusetts General Hospital/Harvard Medical School

Elizabeth Rebello

MD Anderson Cancer Center

Dru Riddle

Texas Christian University School of Nurse Anesthesia

Brian Thomas

Preferred Physicians Medical

Frank Chan


Emily Methangkool

Olive View-UCLA

Meghan Lane-Fall

University of Pennsylvania

Daniel Cole

University of California, Los Angeles


Fiscal year ending
There are no fundraisers recorded for this organization.