Health Care Alliance for Patient Safety Inc

EIN: 823930070 Community Improvement

ALEXANDRIA, VA

Total Revenue
$1,450,000
Total Expenses
$999,148
Total Assets
$1,737,264
Net Assets
$1,667,370
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
DE
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 $1.4M in total revenue in fiscal year 2023. The organization ran a surplus of $451K, a strong 31% operating margin.

Mission

TO BUILD HEIGHTENED AWARENESS TO LEGISLATORS AND REGULATORS OF PRESSING THREATS TO PATIENT HEALTH AND SAFETY, AND TO ADVOCATE FOR LAWS, REGULATIONS, INCREASED ENFORCEMENT AND OTHER PUBLIC POLICY SOLUTIONS DESIGNED TO SAFEGUARD PUBLIC HEALTH.

Program Service Accomplishments

Program 1

PROVIDE SUPPORT AND ADVOCATE FOR THE DOCTOR-PATIENT RELATIONSHIP, THE SAFEST AND HEALTHIEST MOST EFFECTIVE USE OF MEDICAL DEVICES WHILE PROMOTING THE ADVANCEMENTS IN TECHNOLOGY, THE INVIOLABILITY OF...

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PROVIDE SUPPORT AND ADVOCATE FOR THE DOCTOR-PATIENT RELATIONSHIP, THE SAFEST AND HEALTHIEST MOST EFFECTIVE USE OF MEDICAL DEVICES WHILE PROMOTING THE ADVANCEMENTS IN TECHNOLOGY, THE INVIOLABILITY OF A PATIENT'S PRESCRIPTION AND THE STRENGTHENING OF PATIENT HEALTH AND SAFETY LAWS AND THE EDUCATION OF POLICYMAKERS, THE MEDIA AND THE PUBLIC TO ENSURE THE DELIVERY OF QUALITY CARE AND HEALTHY OUTCOMES.

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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 $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

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Governance

Voting Members
12
Independent Members
11
Employees
N/A
Volunteers
15

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
2
$244,246
Total Directors
13
$394,907
Key Employees
0
$0
Highest Compensated
0
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
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