ALLIANCE FOR PATIENT MEDICATION SAFETY

EIN: 273480750 501(c)(3) Health Care

N CHESTERFIELD, VA

Total Revenue
$591,131
Total Expenses
$592,116
Total Assets
$498,298
Net Assets
$249,340
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
VA
Principal Officer
TARAMARIE MODISETT
Phone
8042854431
Tax Period
2023-01-01 to 2023-12-31

ALLIANCE FOR PATIENT MEDICATION SAFETY, founded in 2010, is a small nonprofit in the Health Care sector that reported $624K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year.

Mission

ENCOURAGE A STRONG, JUST CULTURE OF QUALITY WITHIN THE PROFESSION OF PHARMACY THAT PROMOTES A CONTINUOUS SYSTEMS ANALYSIS TO REDUCE MEDICATION ERRORS, IMPROVE MEDICATION USE, AND ENHANCE PATIENT CARE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $581,209
Investment Income $9,922
Other Revenue $0
TOTAL REVENUE $591,131

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $9,973
Program Expenses $510,845
Other Expenses $592,116
TOTAL EXPENSES $592,116

Year-over-Year Comparison

2023 2022 Change
Revenue $591,131 $632,621 -0.1%
Expenses $592,116 $483,929 +0.2%
Net Income $-985 $148,692 -1.0%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
10
Independent Members
9
Employees
N/A
Volunteers
9

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
3
$332,597
Total Directors
10
$195,432
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNY ARNOLD PRESIDENT 0.25
Officer Director
$0 $0 $0
DARREN COVINGTON VICE PRESIDE 0.25
Director
$0 $0 $0
REBECCA SNEAD SECRETARY/TR 1.00
Officer Director
$0 $3,076 $195,432
TARAMARIE MODISETT EXECUTIVE DI 40.00
Officer
$0 $16,583 $137,165
SARAH DERR DIRECTOR 0.25
Director
$0 $0 $0
AARON DUNKEL DIRECTOR 0.25
Director
$0 $0 $0
HANNAH FISH DIRECTOR 0.25
Director
$0 $0 $0
RON FITZWATER DIRECTOR 0.25
Director
$0 $0 $0
ANTHONY PUDLO DIRECTOR 0.25
Director
$0 $0 $0
SUE SUTTER DIRECTOR 0.25
Director
$0 $0 $0
RAJAN VAIDYA DIRECTOR 0.25
Director
$0 $0 $0
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 $591,131 $592,116 $498,298 $-985
2022 $632,621 $483,929 $496,625 $148,692
2021 $597,681 $519,920 $423,598 $77,761
2020 $596,904 $592,848 $344,090 $4,056
2019 $588,241 $635,575 $316,880 $-47,334
2018 $624,033 $633,374 $393,729 $-9,341
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