THE ANESTHESIA PATIENT SAFETY FOUN… - 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

1985

Legal Domicile

Principal Officer

MARK MANKA

Phone

8478255586

Tax Period

2023-01-01 to 2023-12-31

THE ANESTHESIA PATIENT SAFETY FOUNDATION, founded in 1985, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. The organization ran a surplus of $927K, a strong 28% operating margin.

Mission

THE APSF'S MISSION IS TO IMPROVE THE SAFETY OF PATIENTS DURING ANESTHESIA CARE BY: IDENTIFYING SAFETY INITIATIVES AND CREATING RECOMMENDATIONS TO IMPLEMENT DIRECTLY AND WITH PARTNER ORGANIZATIONS, BEING A LEADING VOICE FOR ANESTHESIA PATIENT SAFETY WORLDWIDE, AND SUPPORTING AND ADVANCING ANESTHESIA PATIENT SAFETY CULTURE, KNOWLEDGE, AND LEARNING.

Program Service Accomplishments

Program 1

Expenses: $1,613,676 Revenue: $457

THE SPECIFIC PURPOSES OF THE FOUNDATION ARE TO FOSTER INVESTIGATIONS THAT WILL PROVIDE A BETTER UNDERSTANDING OF PREVENTABLE ANESTHETIC INJURIES, TO ENCOURAGE PROGRAMS THAT WILL REDUCE THE NUMBER OF ANESTHETIC INJURIES, AND TO PROMOTE NATIONAL AND INTERNATIONAL COMMUNICATION OF INFORMATION AND IDEAS ABOUT THE CAUSES AND PREVENTION OF ANESTHETIC INJURIES. THE APSF IS MADE UP OF INDIVIDUALS AND CORPORATIONS INVOLVED IN ALL ASPECTS OF ANESTHESIA, AND IS A MAJOR SOURCE OF GRANTS FOR RESEARCH. THE FOUNDATION'S NEWSLETTER IS PUBLISHED THREE TIMES A YEAR AND IS DISTRIBUTED WITHOUT CHARGE TO ANESTHESIOLOGISTS, NURSE ANESTHETISTS, ANESTHESIOLOGIST ASSISTANTS, AND TO THOUSANDS OF HOSPITAL ADMINISTRATORS AND GOVERNMENT OFFICIALS IN THE US, CANADA, AND OTHER VARIOUS COUNTRIES. THE APSF HAS ALSO INITIATED AND SPONSORED MANY OTHER ACTIVITIES IN FULFILLMENT OF ITS MISSION, INCLUDING SUPPORTING MEETINGS ON ANESTHESIA SAFETY AND FACILITATING DEVELOPMENT OF SIMULATORS FOR TRAINING ANESTHESIOLOGISTS IN CRISIS MANAGEMENT AS WELL AS OTHER ANESTHESIA MANAGEMENT PROBLEMS.

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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 $1,516,135

Program Service Revenue $0

Investment Income $1,737,589

Other Revenue $457

TOTAL REVENUE $3,254,181

Expense Breakdown

Grants Paid $532,248

Salaries & Benefits $255,853

Fundraising Expenses $364,471

Program Expenses $1,613,676

Other Expenses $1,419,851

TOTAL EXPENSES $2,327,582

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,254,181	$3,325,369	0.0%
Expenses	$2,327,582	$2,263,390	+0.0%
Net Income	$926,599	$1,061,979	-0.1%

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

125

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

$1,523,146

Total Directors

$210,678

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL J COLE MD	PRESIDENT	25.00	Officer Director	$125,000	$0	$128,000
MEGHAN LANE-FALL MD MSHP FCCM	DIRECTOR	1.00	Director	$600	$0	$950
STEVEN B GREENBERG MD FCCP FCCM	VICE PRESIDENT	10.00	Officer Director	$32,000	$0	$32,000
DOUGLAS BARTLETT	TREASURER	1.00	Officer Director	$0	$0	$0
LYNN REEDE DNP MBA CRNA FNAP	DIRECTOR-AT-LARGE	1.00	Director	$200	$0	$200
SHANE ANGUS CAA MSA	DIRECTOR	1.00	Director	$1,800	$0	$2,200
JOHN W BEARD MD	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY M FELDMAN MD MSE	DIRECTOR	2.00	Director	$1,400	$0	$1,400
SEEMA KUMBHAT MD	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA LEA DNP MBA CRNA	DIRECTOR	1.00	Director	$4,500	$0	$4,500
DELLA M LIN MS MD FASA	SECRETARY	1.00	Officer Director	$3,200	$0	$3,200
JAY MESROBIAN MD MBA FASA FACHE	DIRECTOR	1.00	Director	$600	$0	$3,000
MAY C M PIAN-SMITH MD MS	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH REBELLO MD FASA CPPS	DIRECTOR	1.00	Director	$2,200	$0	$3,328
PATTY MULLEN REILLY CRNA	DIRECTOR (THRU SEPT 2023)	1.00	Director	$1,200	$0	$1,200
DRU RIDDLE PHD DNP CRNA	DIRECTOR	1.00	Director	$1,000	$0	$1,000
MARJORIE P STIEGLER MD	DIRECTOR (THRU SEPT 2023)	1.00	Director	$600	$0	$600
BRIAN THOMAS JD	DIRECTOR	1.00	Director	$0	$0	$0
FRANK CHAN PHD	DIRECTOR	1.00	Director	$0	$0	$0
EMILY METHANGKOOL MD MPH	DIRECTOR	1.00	Director	$29,100	$0	$29,100
PAUL POMERANTZ	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$88,793	$874,555
LISA STEININGER	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$76,996	$485,391

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	$3,254,181	$2,327,582	$14,867,025	$926,599
2022	$3,325,369	$2,263,390	$13,172,936	$1,061,979
2021	$2,466,002	$2,265,745	$16,092,814	$200,257
2020	$4,413,213	$1,693,732	$14,104,656	$2,719,481
2019	$2,110,333	$1,987,804	$12,830,304	$122,529
2018	$2,021,148	$2,471,535	$11,429,527	$-450,387

THE ANESTHESIA PATIENT SAFETY FOUNDATION