THE PATIENT SAFETY ORGANIZATION OF FLORIDA INC (EIN 263668577) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

MARY MAYHEW

Phone

8502229800

Tax Period

2023-01-01 to 2023-12-31

THE PATIENT SAFETY ORGANIZATION OF FLORIDA INC, founded in 2009, is a small nonprofit in the Health Care sector that reported $507K in total revenue in fiscal year 2023. Revenue surged 151% from the prior year, signaling strong growth momentum. The organization ran a surplus of $256K, a strong 50% operating margin.

Mission

IMPROVING THE SAFETY & QUALITY OF HEALTHCARE FOR FL RESIDENTS & VISITORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $487,152

Investment Income $20,227

Other Revenue $0

TOTAL REVENUE $507,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,500

Fundraising Expenses $0

Program Expenses $240,918

Other Expenses $135,868

TOTAL EXPENSES $251,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$507,379	$202,385	+1.5%
Expenses	$251,368	$128,744	+1.0%
Net Income	$256,011	$73,641	+2.5%

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

N/A

Volunteers

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

$919,502

Total Directors

$1,113,926

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL LOVE	CHIEF CLINICAL OFFICER	1.00	Director	$0	$37,496	$194,424
JAIME CALDWELL	PRESIDENT	1.00	Director	$0	$0	$0
MARY C MAYHEW	PRESIDENT	1.00	Officer Director	$0	$103,539	$919,502

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
2024	No data	No data	No data	No data
2023	$507,379	$251,368	$1,330,799	$256,011
2022	$202,385	$128,744	$1,043,391	$73,641
2021	$253,509	$122,386	$969,750	$131,123
2020	$169,392	$112,787	$838,627	$56,605
2019	$220,272	$172,871	$782,022	$47,401
2018	$204,370	$105,871	$734,621	$98,499
2017	$168,421	$172,535	$636,121	$-4,114

THE PATIENT SAFETY ORGANIZATION OF FLORIDA INC