PARTNERSHIP FOR SAFE MEDICINES INC (EIN 562529660) - 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

2003

Legal Domicile

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.

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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 $1,880,688

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

Governance

Voting Members

Independent Members

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

$22,500

Total Directors

$22,500

Key Employees

Highest Compensated

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

PARTNERSHIP FOR SAFE MEDICINES INC