MARYLAND PATIENT SAFETY CENTER INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

STEPHANIE PEDITTO

Phone

4105409210

Tax Period

2024-07-01 to 2025-06-30

MARYLAND PATIENT SAFETY CENTER INC, founded in 2007, is a community nonprofit in the Health Care sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 12% surplus.

Mission

TO DEVELOP AND IMPLEMENT STRATEGIES TO IMPROVE THE SAFETY OF PATIENT CARE IN MARYLAND. MPSC UNITES STAKEHOLDERS TO CHAMPION PATIENT SAFETY, ELIMINATE PREVENTABLE HARM, AND ACCELERATE IMPROVEMENTS IN SAFETY QUALITY ACROSS HEALTHCARE.

Program Service Accomplishments

Program 1

Expenses: $719,479

HEALTHCARE WORKPLACE VIOLENCE - THE GOVERNOR AND THE MARYLAND GENERAL ASSEMBLY PROVIDED FUNDING TO CREATE A PUBLIC SERVICE CAMPAIGN TO EDUCATE OUR FELLOW MARYLANDERS ABOUT THE RISKS THAT MANY...

HEALTHCARE WORKPLACE VIOLENCE - THE GOVERNOR AND THE MARYLAND GENERAL ASSEMBLY PROVIDED FUNDING TO CREATE A PUBLIC SERVICE CAMPAIGN TO EDUCATE OUR FELLOW MARYLANDERS ABOUT THE RISKS THAT MANY HEALTHCARE WORKERS FACE EVERY DAY AS THEY CARE FOR OUR FAMILIES, FRIENDS AND NEIGHBORS. THE REQUEST OF THE MARYLAND GENERAL ASSEMBLY WAS FOR THE MARYLAND PATIENT SAFETY CENTER TO IMPLEMENT THE PUBLIC RELATIONS CAMPAIGN. THE CAMPAIGN WAS DEVELOPED IN COLLABORATION WITH THE MARYLAND HEALTH CARE COMMISSION AND THE MARYLAND HOSPITAL ASSOCIATION.

Program 2

Expenses: $448,557 Revenue: $113,583

ANNUAL PATIENT SAFETY CONFERENCE - THE ANNUAL PATIENT SAFETY CONFERENCE BRINGS TOGETHER OVER 850 HEALTHCARE PROFESSIONALS AND NATIONALLY RECOGNIZED SPEAKERS AND PRESENTERS TO LEARN AND EXCHANGE BEST...

Program 3

Expenses: $275,513 Revenue: $33,820

EDUCATION - THE MARYLAND PATIENT SAFETY CENTER BUILDS CAPACITY TO IMPROVE PATIENT SAFETY AND QUALITY IN MARYLAND VIA EDUCATION AND OUTREACH, OFFERING CONFERENCES, IN-PERSON, AND VIRTUAL EDUCATIONAL OFFERINGS THAT HELP ASSURE THAT MARYLAND HOSPITALS AND OTHER HEALTHCARE ORGANIZATIONS ACTIVELY PARTICIPATE EACH YEAR WITH THE MARYLAND PATIENT SAFETY CENTER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,043,581

Program Service Revenue $784,672

Investment Income $69,124

Other Revenue $20,850

TOTAL REVENUE $2,918,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $967,943

Fundraising Expenses $0

Program Expenses $2,120,035

Other Expenses $1,603,430

TOTAL EXPENSES $2,571,373

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,918,227	$2,225,953	+0.3%
Expenses	$2,571,373	$2,300,086	+0.1%
Net Income	$346,854	$-74,133	-5.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$546,921

Total Directors

$370,110

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROLLIN J FAIRBANKS MD	CHAIR	2.00	Officer Director	$0	$0	$0
EMIL SIDAWY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE PEDITTO	PRESIDENT & CEO	40.00	Officer Director	$352,486	$17,624	$370,110
MICHAEL ANNE PREAS RN	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN KACHALIA MD	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HEFFNER	DIRECTOR	1.00	Director	$0	$0	$0
SEN MALCOLM AUGUSTINE	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA ILLIG	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA BOYLE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ATLAS MD	DIRECTOR	1.00	Director	$0	$0	$0
BADIA FADDOUL RN	SECRETARY	2.00	Officer Director	$0	$0	$0
DENEEN RICHMONDRN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
THEORDORE DELBRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA AUGUSTINE	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN HEITHAUS	TREASURER	2.00	Officer Director	$0	$0	$0
THERSSA LEE	DIRECTOR	1.00	Director	$0	$0	$0
JEANETTE NAZARIAN MD	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA WYSKIEL RN MSN EDAC	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE DIPETRO	VICE PRESIDENT OF OPERATIO	40.00	Officer	$151,409	$25,402	$176,811
ADRIANE BURGESS	DIRECTOR PERINATAL NEONATA	40.00	Highest	$204,240	$10,212	$214,452
ANNA KOERBEL	BUSINESS DEVELOPMENT MANAG	40.00	Highest	$109,729	$36,066	$145,795

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,918,227	$2,571,373	$2,077,135	$346,854
2024	$2,225,953	$2,300,086	$1,670,168	$-74,133
2023	$2,090,233	$2,161,023	$1,863,428	$-70,790
2022	$1,399,054	$1,857,079	$1,736,302	$-458,025
2021	$2,102,777	$1,625,511	$2,364,809	$477,266
2020	$1,016,935	$1,263,524	$2,441,666	$-246,589
2019	$1,738,470	$1,861,698	$2,169,218	$-123,228