Health Care Alliance for Patient Safety Inc (EIN 823930070) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Phone

7708802171

Tax Period

2023-01-01 to 2023-12-31

Health Care Alliance for Patient Safety Inc, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2018. Expenses of $1.2M left a modest 3% surplus.

Mission

THE HEALTH CARE ALLIANCE FOR PATIENT SAFETY ADVOCATES FOR PATIENT SAFETY AND TO PROTECT AND DEFEND THE DOCTOR/PATIENT RELATIONSHIP.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,450,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,450,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $238,440

Fundraising Expenses $0

Program Expenses $0

Other Expenses $760,708

TOTAL EXPENSES $999,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,450,000	$1,450,000	N/A
Expenses	$999,148	$837,091	+0.2%
Net Income	$450,852	$612,909	-0.3%

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

$244,246

Total Directors

$394,907

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIR	5.0	Officer Director	$0	$0	$0
N/A	EXECUTIVE DIRECTOR	40.0	Officer Director	$180,470	$31,928	$244,246
N/A	TRUSTEE	2.0	Director	$0	$0	$0
N/A	TRUSTEE	2.0	Director	$0	$0	$0
N/A	TRUSTEE	2.0	Director	$0	$0	$0
N/A	TRUSTEE	2.0	Director	$0	$0	$0
N/A	TRUSTEE	2.0	Director	$0	$0	$0
N/A	TRUSTEE	2.0	Director	$0	$0	$0
N/A	TRUSTEE	2.0	Director	$0	$0	$45,735
N/A	TRUSTEE	2.0	Director	$0	$0	$0
N/A	TRUSTEE	2.0	Director	$0	$0	$0
N/A	TRUSTEE	2.0	Director	$0	$0	$39,837
N/A	TRUSTEE	2.0	Director	$0	$0	$65,089

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	$1,450,000	$999,148	$1,737,264	$450,852
2022	$1,450,000	$837,091	$1,261,585	$612,909
2021	$1,225,000	$929,959	$674,865	$295,041
2020	$1,085,416	$962,181	$328,395	$123,235
2019	$1,450,000	$1,308,830	$271,535	$141,170
2018	$1,268,750	$1,224,587	$85,085	$44,163

Health Care Alliance for Patient Safety Inc