PATIENT SAFETY MOVEMENT FOUNDATION

ZERO preventable deaths

aka Patient Safety Movement | Irvine, CA | http://www.psmf.org

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GuideStar Charity Check

EIN: 46-2730379

Contributions tax deductible
as of May 2023

IRS BMF 509(a)(1)
as of May 08, 2023

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Charity Check report

Mission

Our Vision: Is for a safer healthcare system, with ZERO preventable patient harm. Our Mission: To disseminate Actionable Evidence-Based Practices, advance their integration by healthcare organizations, and cultivate data transparency by 2030.

Ruling year info

2014

Chief Executive Officer

Dr. Michael Ramsay MD

Main address

15642 Sand Canyon Ave. #51268 Patient Safety Movement Foundation

Irvine, CA 92619-9998 USA

Show more contact info

EIN

46-2730379

Subject area info

Education

Health

Public safety

Population served info

Children and youth

Adults

Ethnic and racial groups

Social and economic status

Health

NTEE code info

Education N.E.C. (B99)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Blog

Affiliations

See related organizations info

Programs and results

Reports and documents

What we aim to solve

SOURCE: Self-reported by organization

Each year it is estimated that between 200,000-400,000 patients die from preventable incidents in American hospitals every year. It is the third leading cause of death after heart disease and cancer. The Patient Safety Movement Foundation (PSMF) believes one patient death is one too many. As such our mission is to eliminate preventable patient deaths. PSMF is requesting funding to support efforts to recruit and retain committed hospital partners, increase healthcare technology company open data sharing pledges, develop Actionable Patient Safety Solutions and produce the Annual World Patient Safety, Science & Technology Summit. These efforts saved more than 93,276 lives last year, yet there is more work to be done to get to ZERO.

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?

Actionable Patient Safety Solutions (APSS)

The Actionable Patient Safety Solutions (
APSS) is a toolkit provided to our network at no cost. The APSS will be reformatted to include a quality-safety component outlining the leadership guidelines, as well as how to improve the clinical workflow with a step-by-step map that will complement the Patient Safety Movement Foundation Patient Aider App.

Each APSS is developed by a workgroup comprised of patient safety experts, healthcare technology professionals, hospital leaders, and patient advocates. The Foundation is proud to connect as many stakeholders as possible to focus on how these challenges can best be addressed. The Foundation’s Board of Directors also contribute and review the APSS prior to their annual dissemination.

Population(s) Served

Adults

Outreach and Education

The PSMF is increasing its outreach and education among providers and consumers of healthcare. This includes:

-PatientAider: The development of, PatientAider, a mobile application built to cut through the medical jargon to help the public and their loved ones navigate through their care as a hospitalized patient, exposing them to common errors and ways to mitigate risk, speak up and advocate for themselves and their loved ones.

-Community Outreach and Education: locally, nationally and internationally. We host events to raise awareness about medical errors, the third leading cause of death in the United States after heart disease and cancer. Our objective is to raise awareness and bring attention to the causes of preventable deaths in hospitals among all communities and vulnerable populations especially seniors, by empowering providers, patients, and families through education of medical terminology, protocols, and medical errors so they may better advocate for themselves and loved ones. We will also be going into school districts starting in Southern California and going national with this education. Globally, we partner with local Ministers of Health, healthcare providers, associations, organizations and NGO's to address the most pressing health needs with an emphasis on patient safety.

Population(s) Served

Adults

Value of Becoming a Partner

Make a Commitment

Join the 4,700+ international hospitals and help us improve patient safety and reduce preventable deaths. By making a commitment, your hospital stands in solidarity with us that we can only achieve ZERO preventable deaths by engaging all hospitals.

Become a Partner
Diverse in type, size and impact, every organization across the healthcare ecosystem can help us spread our mission to the clients, customers and members you engage as a group for each member to elect themselves as the leader in their institution to drive us towards zero preventable deaths. We encourage you to outline how you can get the word out.

Population(s) Served

Adults

Investing in the future of healthcare professionals and students

We are investing in future healthcare professionals and students studying to become doctors, nurses, pharmacists, and even behavioral therapists, so patients can live tomorrow.

The Patient Safety Movement Foundation will place significant energy into Patient Safety Curriculum & Education development for healthcare professionals from 2018-2020. We have assembled a Workgroup to create a core curriculum that can be applied across all health professions. Dr. Steven Scheinman and Dr. Margrit (Peggy) Shoemaker, from Geisinger Commonwealth, Co-Chair the Patient Safety Movement Foundation’s Patient Safety Curriculum Workgroup. This dedicated group is in the midst of developing core curricula which will include the following elements: Ownership of patient safety and quality embedded within the professional identity formation for all health caregivers; Core curriculum common to all health professions. The fundamental elements of the core curriculum will include: Leadership training Inter-professional team-based models Definition of competencies to be achieved, outcomes to be assessed and milestones (which will be specialty-specific) to be identified for each stage of one’s professional career (UME, GME and unsupervised practice, across all professions) Focusing beyond care of the individual patient to address systems of care

Population(s) Served

Adults

Where we work

Affiliations & memberships

Chamber of Commerce 2017

External reviews

Photos

Videos

Our results

SOURCE: Self-reported by organization

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

Number of media partnerships developed

Totals By Year

Population(s) Served

Adults

Related Program

Outreach and Education

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

We have continued to partner with the media in order to reach more stakeholders to raise awareness about medical errors and how to improve patient safety.

Number of health outcomes improved

Total number of new organization members

Context Notes

Keynote and Featured speakers boomed in 2020 during our #uniteforsafecare event. Belinda Carlisle from "The Go-Go's," President Bill Clinton, Senators Young, Whitehouse Durbin, just to name a few.

Number of people on the organization's email list

Totals By Year

Population(s) Served

Related Program

Outreach and Education

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

We grew significantly due to our public-facing awareness campaign #uniteforsafecare

Number of products distributed

Totals By Year

Population(s) Served

Related Program

Outreach and Education

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Storytelling is an extremely important part of our advocacy work; we produce films about patients that have lived to tell their story, families that have lost loved ones & providers sharing successes.

Number of distribution outlets for products

This metric is no longer tracked.

Totals By Year

Population(s) Served

Related Program

Actionable Patient Safety Solutions (APSS)

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

36 of the 65 of our partners commit to disseminating our Actionable Evidence-Based Practices within their organizations.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

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.

What is the organization aiming to accomplish?

The Patient Safety Movement Foundation was founded in 2012 with an ambitious goal of achieving ZERO preventable deaths.

To accomplish this mission, the Patient Safety Movement Foundation is actively working to enable positive changes in patient care and safety throughout the U.S. and beyond. To provide transformational medical technologies and services that shape a new age of patient care, the Patient Safety Movement Foundation (PSMF) aims to bring together stakeholders from across the healthcare ecosystem to identify the challenges that contribute to patient deaths, share data generated by healthcare technologies, and to develop and implement more Actionable Patient Safety Solutions that improve patient care and save lives.

Actionable Evidence-Based Practices: Develop evidence-based blueprints to guide clinicians in eliminating preventable patient harm.

Data Transparency: Stress the vital necessity of open data sharing to track progress in improving patient care.

Aligned Incentives: Drive systemic payer policy changes that focus on the quality over the quantity of care.

National Patient Safety Board: Advocate for an independent multidisciplinary team that researches harm events and solution

What are the organization's key strategies for making this happen?

1. Unify the healthcare ecosystem (annual summit, webinars, hospitals, healthcare technology companies, government agencies, policy makers, patient advocates, clinicians, engineers, payers, etc.)
2. Identify the challenges that are killing patients and create actionable solutions (Actionable Evidence Based Practices) to mitigate them.
3. Ask hospitals to implement Actionable Evidence-Based Practices (AEBP)
4. Ask healthcare technology companies to share the data their devices are purchased for in order to create a Patient Data Super Highway to help identify at-risk patients
5. Promote transparency and aligned incentives
6. Promote patient dignity & love
7. Educate providers, health professionals in training, patients, and families about patient safety

What are the organization's capabilities for doing this?

To eliminate preventable deaths, the PSMF have been successful in connecting the dots between people, ideas, and technologies that are traditionally siloed in our healthcare systems through three key strategies. These include: Hospital Commitments & Technology Pledges, Actionable Evidence-Based Practices (AEBP), and the Annual World Patient Safety, Science & Technology Summit and continuous outreach and education into the larger community in general and marginalized communities in particular.

We encourage healthcare institutions who joined the Movement, to make public commitments to implement a minimum of one Actionable Patient Safety Solution at their medical institution.

What have they accomplished so far and what's next?

Individuals across the U.S. and around the world are benefiting from donations to the PSMF. Funding was and will continue to be used to expand PSMF's ability to eliminate preventable patient deaths by 2030 by supporting the recruitment of new hospital partners and the retention of more than 4,793 existing committed hospitals in 46 countries around the world including the U.S. and by increasing the number of open data pledges signed by 92 healthcare technology companies.

In addition, charitable funding will also be used to expand the implementation of the 18 Actionable Evidence-Based Practices (AEBP) across the U.S. and around the world, and by developing new ones throughout 2020. The Foundation will also expand the breadth of knowledge regarding emerging innovations and best practices among healthcare leaders, medical technology companies, government officials and policymakers. As a result, donations will contribute to saving the lives of an estimated 200,000 patients that die from preventable death in the U.S. every year and the over 4.8 million around the world. We will also be conducting a massive outreach and education into the community at large with special emphasis on the elderly.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

We shared information about our current feedback practices.

How is your organization using feedback from the people you serve?

To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
Which of the following feedback practices does your organization routinely carry out?

We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback
What challenges does the organization face when collecting feedback?

We don't have any major challenges to collecting feedback

Financials

Financial data

Source: IRS Form 990

Digitizing IRS form 990 data

PATIENT SAFETY MOVEMENT FOUNDATION

Revenue & expenses

Fiscal Year: Apr 01 - Mar 31

SOURCE: IRS Form 990

Fiscal year ending: Download Data

Revenue
Contributions	$2,126,000
Government Grants	$0
Program Services	$57,975
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$2,183,975

Expenses
Program Services	$1,718,307
Administration	$312,204
Fundraising	$0
Total Expenses	$2,030,511
Net Gain/Loss	$153,464

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$0
Information Technology Expenses	$37,000
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$3,950
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,818,974
Government Grants	$0
Program Services	$56,382
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$1,875,356

Expenses
Program Services	$2,117,715
Administration	$114,202
Fundraising	$0
Total Expenses	$2,231,917
Net Gain/Loss	($356,561)

Functional expenses
Accounting Fees	$13,500
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$10,540
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$3,128,240
Government Grants	$0
Program Services	$78,525
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$3,206,765

Expenses
Program Services	$2,130,255
Administration	$143,487
Fundraising	$0
Total Expenses	$2,273,742
Net Gain/Loss	$933,023

Functional expenses
Accounting Fees	$15,000
Advertising & Promotion	$0
Information Technology Expenses	$24,702
Insurance Expenses	$3,898
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$6,729
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,327,724
Government Grants	$0
Program Services	$78,168
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$2,405,892

Expenses
Program Services	$2,305,091
Administration	$287,147
Fundraising	$0
Total Expenses	$2,592,238
Net Gain/Loss	($186,346)

Functional expenses
Accounting Fees	$16,750
Advertising & Promotion	$0
Information Technology Expenses	$152,385
Insurance Expenses	$4,930
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$9,581
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$3,993,870
Government Grants	$0
Program Services	$124,762
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$4,118,632

Expenses
Program Services	$2,544,631
Administration	$238,078
Fundraising	$16,910
Total Expenses	$2,799,619
Net Gain/Loss	$1,319,013

Functional expenses
Accounting Fees	$26,450
Advertising & Promotion	$0
Information Technology Expenses	$29,617
Insurance Expenses	$931
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$4,559
Pension Plan Contributions	$0
Professional Fundraising Expenses	$16,725

Revenue
Contributions	$2,545,707
Government Grants	$0
Program Services	$163,310
Investments	$2,008
Special Events	($5,533)
Sales	$0
Other	$0
Total Revenue	$2,705,492

Expenses
Program Services	$2,905,034
Administration	$316,597
Fundraising	$111,454
Total Expenses	$3,333,085
Net Gain/Loss	($627,593)

Functional expenses
Accounting Fees	$35,350
Advertising & Promotion	$15,000
Information Technology Expenses	$65,410
Insurance Expenses	$2,013
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$9,407
Pension Plan Contributions	$0
Professional Fundraising Expenses	$18,433

Revenue
Contributions	$2,234,342
Government Grants	$0
Program Services	$12,227
Investments	$14,339
Special Events	$3,895
Sales	$6
Other	$105,807
Total Revenue	$2,370,616

Expenses
Program Services	$2,304,556
Administration	$354,420
Fundraising	$185,510
Total Expenses	$2,844,486
Net Gain/Loss	($473,870)

Functional expenses
Accounting Fees	$44,011
Advertising & Promotion	$15,000
Information Technology Expenses	$105,185
Insurance Expenses	$2,345
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$322
Pension Plan Contributions	$0
Professional Fundraising Expenses	$7,637

Revenue
Contributions	$2,185,399
Government Grants	$0
Program Services	$1,720
Investments	$1,045
Special Events	$0
Sales	($3,712)
Other	$204
Total Revenue	$2,184,656

Expenses
Program Services	$1,514,940
Administration	$248,992
Fundraising	$259,262
Total Expenses	$2,023,194
Net Gain/Loss	$161,462

Functional expenses
Accounting Fees	$61,920
Advertising & Promotion	$125,975
Information Technology Expenses	$106,785
Insurance Expenses	$1,988
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$76,120
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,211,463
Government Grants	$0
Program Services	$19,143
Investments	$0
Special Events	$0
Sales	$2,104
Other	$497
Total Revenue	$1,233,207

Expenses
Program Services	$1,168,588
Administration	$137,230
Fundraising	$258,253
Total Expenses	$1,564,071
Net Gain/Loss	($330,864)

Functional expenses
Accounting Fees	$19,798
Advertising & Promotion	$83,819
Information Technology Expenses	$54,788
Insurance Expenses	$4,302
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$24,370
Pension Plan Contributions	$0
Professional Fundraising Expenses	$13,100

PATIENT SAFETY MOVEMENT FOUNDATION

Balance sheet

Fiscal Year: Apr 01 - Mar 31

SOURCE: IRS Form 990

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: Download Data

Assets	Apr 30, 2013	Mar 31, 2014	Change
Contributions	$2,126,000
Cash & Equivalents	$0	$153,464	$153,464
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$0	$153,464	$153,464

Liabilities	Apr 30, 2013	Mar 31, 2014	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$0	$0	$0

Fund balance	Apr 30, 2013	Mar 31, 2014	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$0	$153,464	$153,464
Net Assets	$0	$153,464	$153,464

Assets	Apr 01, 2014	Mar 31, 2015	Change
Contributions	$1,818,974
Cash & Equivalents	$153,464	$240,378	$86,914
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$25,000	$25,000
Total Assets	$153,464	$265,378	$111,914

Liabilities	Apr 01, 2014	Mar 31, 2015	Change
Accounts Payable	$0	$468,475	$468,475
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$0	$468,475	$468,475

Fund balance	Apr 01, 2014	Mar 31, 2015	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$153,464	($203,097)	($356,561)
Net Assets	$153,464	($203,097)	($356,561)

Assets	Apr 01, 2015	Mar 31, 2016	Change
Contributions	$3,128,240
Cash & Equivalents	$240,378	$779,553	$539,175
Accounts Receivable	$0	$135,000	$135,000
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$25,000	$26,980	$1,980
Total Assets	$265,378	$941,533	$676,155

Liabilities	Apr 01, 2015	Mar 31, 2016	Change
Accounts Payable	$468,475	$211,607	($256,868)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$468,475	$211,607	($256,868)

Fund balance	Apr 01, 2015	Mar 31, 2016	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	($203,097)	$729,926	$933,023
Net Assets	($203,097)	$729,926	$933,023

Assets	Apr 01, 2016	Mar 31, 2017	Change
Contributions	$2,327,724
Cash & Equivalents	$779,553	$594,044	($185,509)
Accounts Receivable	$135,000	$0	($135,000)
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$26,980	$26,980	$0
Total Assets	$941,533	$621,024	($320,509)

Liabilities	Apr 01, 2016	Mar 31, 2017	Change
Accounts Payable	$211,607	$77,444	($134,163)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$211,607	$77,444	($134,163)

Fund balance	Apr 01, 2016	Mar 31, 2017	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$729,926	$543,580	($186,346)
Net Assets	$729,926	$543,580	($186,346)

Assets	Apr 01, 2017	Mar 31, 2018	Change
Contributions	$3,993,870
Cash & Equivalents	$594,044	$1,852,112	$1,258,068
Accounts Receivable	$0	$106,100	$106,100
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$77,718	$77,718
Other	$26,980	$51,825	$24,845
Total Assets	$621,024	$2,087,755	$1,466,731

Liabilities	Apr 01, 2017	Mar 31, 2018	Change
Accounts Payable	$77,444	$225,162	$147,718
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$77,444	$225,162	$147,718

Fund balance	Apr 01, 2017	Mar 31, 2018	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$543,580	$1,862,593	$1,319,013
Net Assets	$543,580	$1,862,593	$1,319,013

Assets	Apr 01, 2018	Mar 31, 2019	Change
Contributions	$2,545,707
Cash & Equivalents	$1,852,112	$191,383	($1,660,729)
Accounts Receivable	$106,100	$0	($106,100)
Pledges & Grants Receivable	$0	$1,000,000	$1,000,000
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$77,718	$74,806	($2,912)
Other	$51,825	$46,997	($4,828)
Total Assets	$2,087,755	$1,313,186	($774,569)

Liabilities	Apr 01, 2018	Mar 31, 2019	Change
Accounts Payable	$225,162	$78,186	($146,976)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$225,162	$78,186	($146,976)

Fund balance	Apr 01, 2018	Mar 31, 2019	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$1,862,593	$1,235,000	($627,593)
Net Assets	$1,862,593	$1,235,000	($627,593)

Assets	Apr 01, 2019	Mar 31, 2020	Change
Contributions	$2,234,342
Cash & Equivalents	$191,383	$1,131,490	$940,107
Accounts Receivable	$0	$100	$100
Pledges & Grants Receivable	$1,000,000	$0	($1,000,000)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$74,806	$98,479	$23,673
Other	$46,997	$7,247	($39,750)
Total Assets	$1,313,186	$1,237,316	($75,870)

Liabilities	Apr 01, 2019	Mar 31, 2020	Change
Accounts Payable	$78,186	$133,936	$55,750
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$342,250	$342,250
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$78,186	$476,186	$398,000

Fund balance	Apr 01, 2019	Mar 31, 2020	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$1,235,000	$761,130	($473,870)
Net Assets	$1,235,000	$761,130	($473,870)

Assets	Apr 01, 2020	Mar 31, 2021	Change
Contributions	$2,185,399
Cash & Equivalents	$1,131,490	$1,306,758	$175,268
Accounts Receivable	$100	$0	($100)
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$98,479	$77,779	($20,700)
Other	$7,247	$18,250	$11,003
Total Assets	$1,237,316	$1,402,787	$165,471

Liabilities	Apr 01, 2020	Mar 31, 2021	Change
Accounts Payable	$133,936	$184,445	$50,509
Grants Payable	$0	$0	$0
Deferred Revenue	$342,250	$295,750	($46,500)
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$476,186	$480,195	$4,009

PATIENT SAFETY MOVEMENT FOUNDATION

Financial trends analysis Glossary & formula definitions

Fiscal Year: Apr 01 - Mar 31

SOURCE: IRS Form 990

This snapshot of PATIENT SAFETY MOVEMENT 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.

Created in partnership with

Fiscal year: Apr 01 - Mar 31 View full report Download data

Business model indicators

Profitability	2018	2019	2020	2021	2022
Unrestricted surplus (deficit) before depreciation	$1,329,701	-$593,750	-$460,402	$245,667	-$277,101
As % of expenses	47.7%	-18.0%	-16.3%	12.7%	-18.3%
Unrestricted surplus (deficit) after depreciation	$1,319,013	-$627,593	-$473,870	$161,462	-$330,864
As % of expenses	47.1%	-18.8%	-16.7%	8.0%	-21.2%

Revenue composition
Total revenue (unrestricted & restricted)	$4,118,632	$2,705,492	$2,370,616	$2,184,656	$1,233,207
Total revenue, % change over prior year	71.2%	-34.3%	-12.4%	-7.8%	-43.6%
Program services revenue	3.0%	6.0%	0.5%	0.1%	1.6%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	0.0%	0.1%	0.6%	0.0%	0.0%
Government grants	0.0%	0.0%	0.0%	0.0%	0.0%
All other grants and contributions	97.0%	93.9%	94.4%	100.0%	98.2%
Other revenue	0.0%	0.0%	4.5%	-0.2%	0.2%

Expense composition
Total expenses before depreciation	$2,788,931	$3,299,242	$2,831,018	$1,938,989	$1,510,308
Total expenses, % change over prior year	7.6%	18.3%	-14.2%	-31.5%	-22.1%
Personnel	11.3%	14.0%	18.5%	43.1%	60.4%
Professional fees	3.8%	5.7%	6.4%	17.9%	11.9%
Occupancy	0.0%	0.0%	0.0%	0.0%	0.0%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	3.0%	0.8%	1.8%	0.0%	0.0%
All other expenses	81.8%	79.6%	73.4%	39.0%	27.7%

Full cost components (estimated)	2018	2019	2020	2021	2022
Total expenses (after depreciation)	$2,799,619	$3,333,085	$2,844,486	$2,023,194	$1,564,071
One month of savings	$232,411	$274,937	$235,918	$161,582	$125,859
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$88,406	$0	$37,141	$0	$63,985
Total full costs (estimated)	$3,120,436	$3,608,022	$3,117,545	$2,184,776	$1,753,915

Capital structure indicators

Liquidity	2018	2019	2020	2021	2022
Months of cash	8.0	0.7	4.8	8.1	6.9
Months of cash and investments	8.0	0.7	4.8	8.1	6.9
Months of estimated liquid unrestricted net assets	7.7	4.2	2.8	5.2	4.0

Balance sheet composition	2018	2019	2020	2021	2022
Cash	$1,852,112	$191,383	$1,131,490	$1,306,758	$873,231
Investments	$0	$0	$0	$0	$0
Receivables	$106,100	$1,000,000	$100	$0	$0
Gross land, buildings, equipment (LBE)	$88,406	$119,207	$156,348	$219,854	$283,839
Accumulated depreciation (as a % of LBE)	12.1%	37.2%	37.0%	64.6%	69.0%
Liabilities (as a % of assets)	10.8%	6.0%	38.5%	34.2%	39.6%
Unrestricted net assets	$1,862,593	$1,235,000	$761,130	$922,592	$591,728
Temporarily restricted net assets	$0	$0	N/A	N/A	N/A
Permanently restricted net assets	$0	$0	N/A	N/A	N/A
Total restricted net assets	$0	$0	$0	$0	$0
Total net assets	$1,862,593	$1,235,000	$761,130	$922,592	$591,728

Key data checks

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

Operations

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

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

Chief Executive Officer

Dr. Michael Ramsay MD

Number of employees

Source: IRS Form 990

PATIENT SAFETY MOVEMENT FOUNDATION

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

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.

PATIENT SAFETY MOVEMENT FOUNDATION

Board of directors
as of 04/25/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Dr. Michael Ramsay

Baylor University Medical Center

Term: 2020 -

Steven J. Barker

University of Arizona; Masimo; University of California, San Diego

Robin Betts

Kaiser Permanente

Alicia Cole

Alliance for Safety Awareness for Patients (ASAP)

Omar Ishrak

Medtronic

David B. Mayer

MedStar Health

Charlie Miceli

University of Vermont Medical Center

Jannicke Mellin-Olsen

European Society of Anaesthesiology

Jim Messina

The Messina Group

Javier Davila

Oral and Maxillofacial Surgeon

Mike Durkin

Imperial College London and the University of the West of England

Najmedin Meshkati

University of Southern California

Sarah Kiani

Masimo Foundation for Ethics

Abbasseh Towfigh

Ayeneh Foundation

Michael Ramsay

Baylor University Medical Center

Joe Kiani

Masimo

Philip D. Lumb

Keck School of Medicine at University of Southern California

Vonda Vaden Bates

10th Dot

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 2/15/2023

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Male, Not transgender (cisgender)

Sexual orientation

Heterosexual or straight

Disability status

Person without a disability

Race & ethnicity

Gender identity

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 08/27/2021

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data

We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.

Policies and processes

We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
We have community representation at the board level, either on the board itself or through a community advisory board.
We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities

Gross receipts from fundraising

Retained by organization

Paid to fundraiser

Related organizations & associated domestic grants

Show data for fiscal year

Related organization	Primary activity	Subsection	PC status	Controlling entity?	512(b)(13) controlled entity?	Cash grants paid	Non-cash assistance	Reason
PATIENT SAFETY MOVEMENT COALITION INCORPORATED 52 DISCOVERY IRVINE, CA 92618 46-3194443	ADVOCACY	501(C)(4)			N	$0.00	$0.00
THE MASIMO FOUNDATION FOR ETHICS INNOVATION AND COMPETITION IN HEALTHCARE 52 DISCOVERY IRVINE, CA 92618 01-0956020	GRANT MAKING	501(C)(3)			N	$0.00	$0.00

PATIENT SAFETY MOVEMENT FOUNDATION

ZERO preventable deaths

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

Our programs

Actionable Patient Safety Solutions (APSS)

Outreach and Education

Value of Becoming a Partner

Investing in the future of healthcare professionals and students

Where we work

Affiliations & memberships

Our results

Evaluation documents

Number of media partnerships developed

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of health outcomes improved

Totals By Year

Population(s) Served

Related Program

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Direction of Success

Context Notes

Number of manuals produced

Totals By Year

Population(s) Served

Related Program

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Number of unique website visitors

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Population(s) Served

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Number of volunteers

Totals By Year

Population(s) Served

Related Program

Type of Metric

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Number of stories successfully placed in the media

Totals By Year

Population(s) Served

Related Program

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Total number of new organization members

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Number of press articles published

Totals By Year

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Number of rallies/events/conferences/lectures held to further mission

Totals By Year

Population(s) Served

Related Program

Type of Metric

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Context Notes

Number of meetings or briefings held with policymakers or candidates

Liquidity in 2022

Months of cash in 2022

Fringe rate in 2022

Funding sources

Assets & liabilities