PARTNERSHIP FOR SAFE MEDICINES INC

EIN: 562529660 Community Improvement

WASHINGTON, DC

Total Revenue
$1,880,688
Total Expenses
$2,094,478
Total Assets
$469,404
Net Assets
$469,404
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
DE
Principal Officer
SHABBIR SAFDAR
Phone
7036797233
Tax Period
2023-01-01 to 2023-12-31

PARTNERSHIP FOR SAFE MEDICINES INC, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE PARTNERSHIP FOR SAFE MEDICINES (PSM) IS A PUBLIC HEALTH GROUP COMMITTED TO THE SAFETY OF PRESCRIPTION DRUGS AND EDUCATING ITS MEMBERS AND THE PUBLIC AGAINST COUNTERFEIT, SUBSTANDARD OR OTHERWISE UNSAFE MEDICINE.

Program Service Accomplishments

Program 1
Expenses: $563,584

PATIENT AND PUBLIC EDUCATION

Program 2
Expenses: $563,584

LAW ENFORCEMENT EDUCATION

Program 3
Expenses: $563,585

HEALTHCARE PROFESSIONAL EDUCATION

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,880,688
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,880,688

Expense Breakdown

Grants Paid $55,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,690,753
Other Expenses $2,039,478
TOTAL EXPENSES $2,094,478

Year-over-Year Comparison

2023 2022 Change
Revenue $1,880,688 $5,069,300 -0.6%
Expenses $2,094,478 $4,890,291 -0.6%
Net Income $-213,790 $179,009 -2.2%
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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
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
3
$22,500
Total Directors
3
$22,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM KUBIC PRESIDENT 2.00
Officer Director
$10,000 $0 $10,000
SHABBIR J SAFDAR TREASURER/SECRETARY/ED 40.00
Officer Director
$0 $0 $0
KENNETH L MCCALL VICE PRESIDENT 2.00
Officer Director
$12,500 $0 $12,500
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 $1,880,688 $2,094,478 $469,404 $-213,790
2022 $5,069,300 $4,890,291 $1,184,254 $179,009
2021 $3,151,313 $3,000,345 $541,627 $150,968
2020 $2,857,456 $2,811,851 $358,267 $45,605
2019 $14,854,367 $14,778,371 $308,681 $75,996
2018 $6,018,513 $6,118,342 $333,582 $-99,829
2017 $7,250,962 $7,076,866 $331,445 $174,096
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