AZCERT DBA CREDIBLEMEDS MEDSAFETYS… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

RAYMOND WOOSLEY MD PHD

Phone

5209890900

Tax Period

2022-07-01 to 2023-06-30

AZCERT DBA CREDIBLEMEDS MEDSAFETYSCAN, founded in 2012, is a small nonprofit in the Health Care sector that reported $295K in total revenue in fiscal year 2022. The organization ran a surplus of $75K, a strong 25% operating margin.

Mission

TO FOSTER THE SAFE USE OF MEDICINES FOR HEALTHCARE PROVIDERS, RESEARCH SCIENTISTS AND THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $186,809 Revenue: $120,540

AZCERT'S MISSION IS PRIMARILY ADDRESSED BY CONDUCTING ANALYSES OF DATA AND EVIDENCE RELATIVE TO THE SAFE USE OF MEDICINES AND MAKING THE RESULTS OF THESE ANALYSES AVAILABLE TO THE PUBLIC ON ITS...

AZCERT'S MISSION IS PRIMARILY ADDRESSED BY CONDUCTING ANALYSES OF DATA AND EVIDENCE RELATIVE TO THE SAFE USE OF MEDICINES AND MAKING THE RESULTS OF THESE ANALYSES AVAILABLE TO THE PUBLIC ON ITS WEBSITE WWW.CREDIBLEMEDS.ORG. IN ADDITION, AZCERT IS FOCUSING ON EXPANDING THE NUMBER OF SITES UTILIZING ITS MEDSAFETY SCAN, AN ELECTRONIC INTERFACE PROGRAM THAT CAN ACCESS THE CREDIBLEMEDS WEBSITE AUTOMATICALLY AND INTEGRATE IT WITH THE PATIENT'S ELECTRONIC HEALTH RECORD TO ADVISE PHYSICIANS AND PHARMACISTS HOW TO SAFELY ADJUST AND ADMINISTER MEDICINES FOR THAT INDIVIDUAL PATIENT. CURRENTLY 3,200 SITES USE MEDSAFETY SCAN AND THE RECORDS OF OVER 1 MILLION PATIENTS (AN INCREASE FROM 250,000 PATIENTS LAST YEAR) HAVE BEEN CONNECTED TO AND ANALYZED BY MEDSAFETY SCAN.CURRENTLY THERE MORE THAN 255,000 REGISTERED USERS OF THE CREDIBLEMEDS WEBSITE WITH APPROXIMATELY 1,000 USERS EACH DAY. THE SMARTPHONE APP HAS BEEN DOWNLOADED BY OVER 155,000 USERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $174,751

Program Service Revenue $120,340

Investment Income $0

Other Revenue $200

TOTAL REVENUE $295,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,000

Fundraising Expenses $0

Program Expenses $186,809

Other Expenses $121,100

TOTAL EXPENSES $220,100

Year-over-Year Comparison

	2022	2021	Change
Revenue	$295,291	$303,193	0.0%
Expenses	$220,100	$212,073	+0.0%
Net Income	$75,191	$91,120	-0.2%

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

$151,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES GALLOWAY MD	DIRECTOR	0.10	Director	$0	$0	$0
JAMES TISDALE PHD	DIRECTOR	0.10	Director	$0	$0	$0
KLAUS ROMERO MS MD	CHAIRMAN	0.20	Officer Director	$0	$0	$0
RAY WOOSLEY MD PHD	PRESIDENT/CEO	20.00	Officer Director	$0	$0	$0
FELIX FRUEH PHD	SECRETARY	0.10	Officer Director	$0	$0	$0
DAN MALONE PHD	TREASURER	0.10	Officer Director	$0	$0	$0
KRISTIN BLACK BA	COO	10.00	Officer	$151,000	$0	$151,000

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$295,291	$220,100	$540,636	$75,191
2022	$303,193	$212,073	$367,656	$91,120
2019	$54,896	$179,034	$377,937	$-124,138
2018	$80,736	$203,402	$502,150	$-122,666

AZCERT DBA CREDIBLEMEDS MEDSAFETYSCAN