Maryland Patient Safety Center
- Assets
- $1.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Elkridge, MD
- Founding
- 07/2008
- Data as of
- 06/2023
- EIN
- 26-2188491
Organization Overview
Maryland Patient Safety Center is located in Elkridge, MD. The organization was established in 2008. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 06/2023, Maryland Patient Safety Center employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Patient Safety Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Maryland Patient Safety Center generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $2.2m during the year ending 06/2023. While expenses have increased by 3.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND IMPLEMENT STRATEGIES TO IMPROVE THE SAFETY OF PATIENT CARE IN MARYLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATERNAL HEALTH EQUITY - THE ORGANIZATION WITH THE HELP OF AN ADVISORY GROUP COMPRISED OF LOCAL EXPERTS IN THE FIELDS OF MATERNAL HEALTH, EMCRGENCY MEDCINE, FAMILY PRACTICE, RACIAL BIAS AND HEALTH CARE INEQUITIES,CREATES EDUCATIONAL TOOLS FOR NON-OBSTETRIC PROVIDERS TO ADDRESS THE SUBSTANTIAL DISPARITY IN THE MATERNAL MORBIDITY RATE FOR BLACK MOTHERS IN MARYLAND.
ANNUAL PATIENT SAFETY CONFERENCE - THE ANNUAL PATIENT SAFETY CONFERENCE BRINGS TOGETHER OVER 1,200 HEALTHCARE PROFESSIONALS AND NATIONALLY RECOGNIZED SPEAKERS AND PRESENTERS TO LEARN AND EXCHANGE BEST PRACTICES RELATED TO CURRENT ISSUES SURROUNDING PATIENT SAFETY.
MATERNAL MORTALITY REVIEW - THE ORGANIZATION PROVIDES ADMINISTRATION FOR THE MATERNAL MORTALITY REVIEW PROGRAM WHICH INCLUDES THE REQUEST FOR RECORDS, ABSTRACTION OF DATA, PREPARATION OF CASE REVIEWS, ENTRY OF DATA INTO THE DATABASE, AND COORDINATION OF MMR MEETINGS. THE ORGANIZATION ALSO CONVENES AND ATTENDS AN ANNUAL MATERNAL MORTALITY SUMMIT TO SHARE KNOWLEDGE AND BEST PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rollin J Fairbanks MD Chair | OfficerTrustee | 2 | $0 |
Gerald Abrams Treasurer | OfficerTrustee | 2 | $0 |
Barbara Tachovsky Msn RN Director | Trustee | 1 | $0 |
E Robert Feroli Jr Director | Trustee | 1 | $0 |
Allen Kachalia MD Director | Trustee | 1 | $0 |
Jack Gentry Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mayoryk Consulting Services Consulting | 6/29/22 | $110,687 |
Cleanhealth Environmental Consulting | 6/29/22 | $102,167 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,831 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,924 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,158,755 |
| Total Program Service Revenue | $895,490 |
| Investment income | $35,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $508 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,090,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $438,335 |
| Compensation of current officers, directors, key employees. | $127,746 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $312,598 |
| Pension plan accruals and contributions | $37,016 |
| Other employee benefits | $99,977 |
| Payroll taxes | $49,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,914 |
| Fees for services: Accounting | $121,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $328,725 |
| Advertising and promotion | $0 |
| Office expenses | $15,295 |
| Information technology | $61,235 |
| Royalties | $99,000 |
| Occupancy | $32,482 |
| Travel | $7,534 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,868 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,533 |
| Insurance | $6,402 |
| All other expenses | $68,236 |
| Total functional expenses | $2,161,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,328 |
| Savings and temporary cash investments | $509,393 |
| Pledges and grants receivable | $23,549 |
| Accounts receivable, net | $165,460 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $67,190 |
| Net Land, buildings, and equipment | $651 |
| Investments—publicly traded securities | $809,826 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $992 |
| Other assets | $2,039 |
| Total assets | $1,863,428 |
| Accounts payable and accrued expenses | $190,771 |
| Grants payable | $0 |
| Deferred revenue | $184,618 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $375,389 |
| Net assets without donor restrictions | $1,488,039 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,863,428 |