Civic Intelligence

Institute for Safe Medication Practices

990 • Fiscal year 2016 • EIN 23-2757559

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 18, 2017

Organization ProfileWWW.ISMP.ORG

View Organization Page

200 Lakeside Drive No 200Horsham, PA 19044

(215) 947-7797

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.15x

Higher debt load relative to assets than 47% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.23x

Higher debt load relative to revenue than 55% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

52nd percentile

2.6%

Higher net margin than 52% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

85th percentile

$255,525

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

24th percentile

-3.5%

Faster asset growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

43rd percentile

0.8%

Faster revenue growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$5,044,381

Down $182,068 (-3.5%) from 2015

Net Assets

Down

$4,305,875

Down $140,375 (-3.2%) from 2015

Liabilities

Down

$738,506

Down $41,693 (-5.3%) from 2015

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin52nd percentile

Revenue

Up

$3,186,572

Up $23,963 (+0.8%) from 2015

Expenses

Down

$3,102,814

Down $14,765 (-0.5%) from 2015

Net Income

Up

$83,758

Up $38,728 (+86%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $4,887,743Liabilities 2011: $819,138Net Assets 2011: $4,068,6052011Assets 2012: $5,114,094Liabilities 2012: $819,909Net Assets 2012: $4,294,1852012Assets 2013: $4,896,629Liabilities 2013: $745,792Net Assets 2013: $4,150,8372013Assets 2014: $5,045,126Liabilities 2014: $665,996Net Assets 2014: $4,379,1302014Assets 2015: $5,226,449Liabilities 2015: $780,199Net Assets 2015: $4,446,2502015Assets 2016: $5,044,381Liabilities 2016: $738,506Net Assets 2016: $4,305,8752016Assets 2017: $5,163,552Liabilities 2017: $742,559Net Assets 2017: $4,420,9932017Assets 2018: $4,702,969Liabilities 2018: $659,762Net Assets 2018: $4,043,2072018Assets 2019: $3,313,976Liabilities 2019: $649,202Net Assets 2019: $2,664,7742019Assets 2020: $3,148,993Liabilities 2020: $1,088,311Net Assets 2020: $2,060,6822020Assets 2021: $2,764,621Liabilities 2021: $723,682Net Assets 2021: $2,040,9392021Assets 2022: $2,392,673Liabilities 2022: $754,199Net Assets 2022: $1,638,4742022Assets 2023: $2,007,773Liabilities 2023: $1,981,460Net Assets 2023: $26,3132023Assets 2024: $1,821,038Liabilities 2024: $3,263,288Net Assets 2024: -$1,442,2502024

Highlighted filing

2016

Assets$5,044,381
Liabilities$738,506
Net Assets$4,305,875
Open 2016 Filing

Operations Trend

Revenue Growth43rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $3,748,820Expenses 2011: $3,064,079Net Income 2011: $684,7412011Expenses 2012: $3,111,1592012Revenue 2013: $2,559,390Expenses 2013: $2,883,581Net Income 2013: -$324,1912013Revenue 2014: $3,444,548Expenses 2014: $3,086,706Net Income 2014: $357,8422014Revenue 2015: $3,162,609Expenses 2015: $3,117,579Net Income 2015: $45,0302015Revenue 2016: $3,186,572Expenses 2016: $3,102,814Net Income 2016: $83,7582016Revenue 2017: $3,323,925Expenses 2017: $2,967,827Net Income 2017: $356,0982017Revenue 2018: $3,597,805Expenses 2018: $3,044,278Net Income 2018: $553,5272018Revenue 2019: $2,960,404Expenses 2019: $3,828,304Net Income 2019: -$867,9002019Revenue 2020: $2,379,102Expenses 2020: $3,508,891Net Income 2020: -$1,129,7892020Revenue 2021: $3,094,648Expenses 2021: $3,114,391Net Income 2021: -$19,7432021Revenue 2022: $2,506,078Expenses 2022: $2,908,543Net Income 2022: -$402,4652022Revenue 2023: $2,363,371Expenses 2023: $3,975,532Net Income 2023: -$1,612,1612023Revenue 2024: $2,402,337Expenses 2024: $3,870,900Net Income 2024: -$1,468,5632024

Highlighted filing

2016

Revenue$3,186,572
Expenses$3,102,814
Net Income$83,758
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 18, 2017
Return Version
2016v3.0
Gross Receipts
$3,477,882
Mission and Program Overview

Mission

The organization's mission is to advance patient safety worldwide by empowering the healthcare community, including consumers, to prevent medication errors.the organization accomplishes its mission through its interdisciplinary efforts to:- collect and analyze reports of medication-related hazardous conditions, near-misses, errors, and other adverse drug events- disseminate timely medication safety information, risk-reduction tools, and error-prevention strategies- educate the healthcare community and consumers about safe medication practices- collaborate with other patient safety organizations, educational institutions, governmental agencies and other healthcare stakeholders- advocate the adoption of safe medication standards by accrediting bodies, manufacturers, policy makers, regulatory agencies, and standards-setting organizations- conduct research to provide evidence-based safe medication practices

See Schedule O The Institute for Safe Medication Practices (ISMP) is the nation's only nonprofit, charitable organization devoted entirely to medication error prevention and safe medication use. It provides independent, proven recommendations for the safe use of medications to healthcare professionals, government agencies, accrediting organizations, the pharmaceutical industry, and consumers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,708,140$2,934,215▲ $226,075
Savings and Temporary Cash Investments$832,480$594,429▼ $238,051
Accounts Receivable$292,635$454,822▲ $162,187
Pledges and Grants Receivable$308,460$300,061▼ $8,399
Investments Other Securities$624,683$222,045▼ $402,638
Cash and Non-Interest-Bearing Accounts$192,723$209,365▲ $16,642
Land, Buildings, and Equipment, Net$74,265$41,242▼ $33,023
Prepaid Expenses and Deferred Charges$30,041$25,350▼ $4,691
Intangible Assets$19,719$15,963▼ $3,756
Total Assets$5,226,449$5,044,381▼ $182,068
Other Assets Total$143,303$246,889▲ $103,586
Liabilities
Deferred Revenue$479,923$449,872▼ $30,051
Accounts Payable and Accrued Expenses$300,276$288,634▼ $11,642
Total Liabilities$780,199$738,506▼ $41,693
Net Assets / Fund Balance
Unrestricted Net Assets$4,228,750$4,076,746▼ $152,004
Temporarily Rstr Net Assets$217,500$229,129▲ $11,629
Total Net Assets Fund Balance$4,446,250$4,305,875▼ $140,375
Total Liabilities and Net Assets / Fund Balance$5,226,449$5,044,381▼ $182,068

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,317$643,032$654,349
Equipment$27,735$138,618$166,353
Leasehold Improvements$2,190$46,866$49,056
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael CohenPresident - TrusteeFT$238,863$16,662$255,525
Allen VaidaExective Vice PresidentFT$204,131$37,050$241,181
Judy SmetzerVice PresidentFT$163,725$11,341$175,066
Susan PaparellaVice PresidentFT$152,968$10,419$163,387
Christina MichalekMedication Safety AnalystFT$147,396$9,576$156,972
Michelle MandrackDir, Consult. ServicesFT$140,966$9,012$149,978
Matthew FrickerProgram DirectorFT$114,292$32,949$147,241
Matthew GrissingerDirector Error Report. Prgms.FT$122,067$7,819$129,886
Michael GauntMedication Safety AnalystFT$101,917$6,540$108,457

Board Members and Trustees

NameTitle
Janice DunsavageTrustee- Chairman of Board
Gregory BaldwinTreasurer - Trustee
David BatesTrustee
David UTrustee
Donald J M PhillipsTrustee
L Albert Villarin JrTrustee
Louis MartinelliTrustee
Margaret McGoldrickTrustee
Mark CzirakyTrustee
Marty MinnitiTrustee
Rebecca FinleyTrustee
Ronda GHughesTrustee
Russell JenkinsTrustee
Zane WolfTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$910,288
Program Service Revenue
$2,248,642
Investment Income
$60,007
Other Revenue
$-32,365
All Other Contributions
$781,129
Change in Net Assets
$83,758

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,238,638
Revenue Not Reported on Financial Statements
$-52,066
Revenue Not Reported on Form 990
$-224,133
Other Revenue Adjustments
$-55,906
Total Revenue per Audited Statements
$3,014,505
Total Revenue per Form 990
$3,186,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,228,497
Other Expenses$874,317
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,096,234$109,795-$1,206,029
Current Officers, Directors, Trustees, and Key Employees$674,177$67,524-$741,701
All Other Expenses$70,066$68,160-$138,226
Payroll Taxes$124,250$12,444-$136,694
Occupancy-$104,780-$104,780
Other Employee Benefits$69,271$6,938-$76,209
Other Expenses$75,099$88,793-$75,099
Pension Plan Contributions$61,686$6,178-$67,864
Fees for Services Other$63,982--$63,982
Insurance-$23,042-$23,042
Depreciation Depletion-$22,571-$22,571
Fees for Services Accounting-$18,959-$18,959
Office Expenses-$14,753-$14,753
Travel-$4,199-$4,199
Fees for Service Investment Mgmnt Fees-$3,840-$3,840
Fees for Services Legal-$1,394-$1,394
Total Functional Expenses$2,549,527$553,287$0$3,102,814

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,154,880
Total Expenses per Form 990$3,102,814
Expenses per Audited Statements$3,098,974
Expenses Not Reported on Form 990$55,906
Expenses Not Reported on Financial Statements$3,840
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$55,906
Fundraising Gross Income$23,541
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cheers Award Dinner$152,700$23,541$32,520$-8,979
Total Events$152,700$23,541$55,906$-32,365
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Rachel CohenFamily Relationship to PresidentEmployed by OrganizationNo$52,737
Jennifer GoldFamily Relationship to PresidentEmployed by OrganizationNo$42,624
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“The Organization's President is also its sole member”

Form 990, Part VI, Section A, line 7A

“The Organization's member is responsible for appointing the trustees to the board of directors annually.”

Form 990, Part VI, Section B, line 11B

“Copies of Form 990 are distributed to the organization's governing body for review and will be given the opportunity to provide feedback for five business days.”

Form 990, Part VI, Section B, line 12C

“The organization receives a signed conflict of interest statement annually from the board of trustees and staff. The statements are reviewed by a member of senior management.”

Form 990, Part VI, Section B, line 15

“15A-The chairperson of the board is responsible for reviewing the performance of the president, and shall recommend changes in compensation on an annual basis. The chairperson's recommendation will be based on annual performance and review of comparable salaries of similar organizations from 990's posted on guidestar.org. The president in cooperation with the chairman determines the compensation of the executive vice president. 15B-The president and executive vice president are responsible for reviewing the performance and determining compensation of other key employees in the organization on an annual basis.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available upon written request.”

Filing and Contact Details

Filer

Filer Name
Institute for Safe Medication Practices
EIN
23-2757559
Phone
2159477797
Address
200 Lakeside Drive No 200, Horsham, PA 19044

Signing Officer

Name
Michael Cohen
Title
President
Phone
2159477797
Signed
2017-07-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Cohen
Formed
1994
Legal Domicile
Pa
Voting Board Members
15
Independent Board Members
13
Employees
33
Volunteers
23

Preparer

Firm
Morris J Cohen & Co PC
Address
1601 Market Street Suite 2525, Philadelphia, PA 19103
Preparer
Michael Bonventure
Phone
2155678000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Equity in earnings (loss) of subsidiary -402,638.”

Financial Statement Notes

Part X, Line 2:

“In accordance with ASC Topic 740 Accounting for Uncertainty in Income Taxes, the Organization has evaluated its tax positions. A tax position is recognized as a benefit only if it is more likely than not that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that has a likelihood of being realized on examination of more than fifty percent. For tax positions not meeting the more likely than not test, no tax benefit is recorded. Under the more likely than not threshold guidelines, the Organization believes no significant uncertain tax positions exist, either individually or in the aggregate, that would give rise to the non-recognition of an existing tax benefit. In addition, the Organization had no material unrecognized tax benefits or accrued interest and penalties.”

Part XI, Line 2D - Other Adjustments:

“Equity in earnings (loss) of subsidiary -402,638.”

Part XI, Line 4B - Other Adjustments:

“Direct expenses of fund raising netted against revenue -55,906.”

Part XII, Line 2D - Other Adjustments:

“Direct expenses of fund raising netted against revenue 55,906.”

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IRS990/ActivityOrMissionDesc0See Schedule O The Institute for Safe Medication Practices (ISMP) is the nation's only nonprofit, charitable organization devoted entirely to medication error prevention and safe medication use. It provides independent, proven recommendations for the safe use of medications to healthcare professionals, government agencies, accrediting organizations, the pharmaceutical industry, and consumers.
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IRS990/Desc0Publications:ISMP produces five electronic newsletters that collectively reach more than three million readers and are recognized as some of the most timely, comprehensive medical alert systems in the world. The biweekly ISMP Medication Safety Alert! Acute Care edition provides virtually every U.S. hospital with vital and life-saving information about medication and device errors and adverse drug reactions. The monthly Community/ Ambulatory Care edition and Nurse Advise-ERR newsletters give pharmacists, pharmacy technicians, nurses, physicians, and other health professionals recommendations that they can use in their own practice settings. The monthly ISMP Medication Safety Alert! Long-Term Care Advise-ERR provides timely medication safety information to staff working with resident populations that are often elderly, frail, dependent, complex in nature, and fraught with many different illnesses and dysfunctions. Safe Medicine, published every other month, is the only consumer health newsletter focusing specifically on error prevention. ISMP also publishes educational columns in several healthcare professional journals and publications and comprehensive books on safe medication use for healthcare practitioners.
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IRS990/Form990PartVIISectionAGrp/PersonNm0David Bates
IRS990/Form990PartVIISectionAGrp/PersonNm1Mark Cziraky
IRS990/Form990PartVIISectionAGrp/PersonNm2Janice Dunsavage
IRS990/Form990PartVIISectionAGrp/PersonNm3Russell Jenkins
IRS990/Form990PartVIISectionAGrp/PersonNm4Louis Martinelli
IRS990/Form990PartVIISectionAGrp/PersonNm5David U
IRS990/Form990PartVIISectionAGrp/PersonNm6Zane Wolf
IRS990/Form990PartVIISectionAGrp/PersonNm7Michael Cohen
IRS990/Form990PartVIISectionAGrp/PersonNm8Margaret McGoldrick
IRS990/Form990PartVIISectionAGrp/PersonNm9Rebecca Finley
IRS990/Form990PartVIISectionAGrp/PersonNm10L Albert Villarin Jr
IRS990/Form990PartVIISectionAGrp/PersonNm11Gregory Baldwin
IRS990/Form990PartVIISectionAGrp/PersonNm12Ronda GHughes
IRS990/Form990PartVIISectionAGrp/PersonNm13Marty Minniti
IRS990/Form990PartVIISectionAGrp/PersonNm14Donald J M Phillips
IRS990/Form990PartVIISectionAGrp/PersonNm15Judy Smetzer
IRS990/Form990PartVIISectionAGrp/PersonNm16Susan Paparella
IRS990/Form990PartVIISectionAGrp/PersonNm17Allen Vaida
IRS990/Form990PartVIISectionAGrp/PersonNm18Michelle Mandrack
IRS990/Form990PartVIISectionAGrp/PersonNm19Matthew Grissinger
IRS990/Form990PartVIISectionAGrp/PersonNm20Matthew Fricker
IRS990/Form990PartVIISectionAGrp/PersonNm21Christina Michalek
IRS990/Form990PartVIISectionAGrp/PersonNm22Michael Gaunt
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee- Chairman of Board
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7President - Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Treasurer - Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt17Exective Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt18Dir, Consult. Services
IRS990/Form990PartVIISectionAGrp/TitleTxt19Dir. Error Report. Prgms.
IRS990/Form990PartVIISectionAGrp/TitleTxt20Program Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Medication Safety Analyst
IRS990/Form990PartVIISectionAGrp/TitleTxt22Medication Safety Analyst
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IRS990/MissionDesc0To advance patient safety worldwide by empowering the healthcare community, including consumers, to prevent medication errors. We accomplish this through our interdisciplinary efforts to: Collect and analyze reports of medication-related hazardous conditions, near-misses, errors, and other adverse drug events. Disseminate timely medication safety information, risk-reduction tools, and error-prevention strategies. Educate the healthcare community and consumers about safe medication practices. Collaborate with other patient safety organizations, educational institutions, governmental agencies and other healthcare stakeholders. Advocate the adoption of safe medication standards by accrediting bodies, manufacturers, policy makers, regulatory agencies, and standards-setting organizations. Conduct research to provide evidence-based safe medication practices.
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IRS990/ProgramServiceRevenueGrp/Desc0Publications
IRS990/ProgramServiceRevenueGrp/Desc1Consultations
IRS990/ProgramServiceRevenueGrp/Desc2Error Analysis
IRS990/ProgramServiceRevenueGrp/Desc3Education
IRS990/ProgramServiceRevenueGrp/Desc4Research
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1573167
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2419822
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IRS990/ProgSrvcAccomActy2Grp/Desc0Consultations:Each year, ISMP provides confidential consulting services to healthcare facilities across the country in a wide range of practice settings, including hospitals and community pharmacies, to help them improve medication safety. Onsite hospital and health system risk assessments by a multidisciplinary team of practitioners result in safe practice recommendations for medication error prevention and follow-up implementation and support services. On an annual basis, these onsite visits directly impact facilities representing more than 5,000 inpatient beds and hundreds of thousands of emergency department visits. In addition, ISMP consultants provide similar assessment and support to outpatient pharmacies nationwide, representing tens of thousands of prescriptions filled each year. Unlike other consultants, ISMP constantly updates its evidenced-based prevention strategies with real-time information gained from ongoing analysis of thousands of reports submitted to its national voluntary error reporting programs.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0543599
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0573167
IRS990/ProgSrvcAccomActy3Grp/Desc0Education:ISMP considers education to be a core component of its mission, and offers a variety of valuable educational resources for healthcare practitioners and consumers, including frequent webinars, continuing education sessions at some of the nation's largest professional meetings, workshops, lectures, posters, videos, and patient brochures. A wide range of free tools for healthcare practitioners, such as lists of high-alert drugs and potentially dangerous abbreviations, are available on www.ismp.org. In addition, ISMP hosts medication safety fellowships and onsite mentoring programs for medication safety officers and international healthcare practitioners. ISMP's consumer website, www.consumermedsafety.org, gives individuals the ability to receive customized safety alerts for the medications they, their family members, and their friends take, along with advice from leading safety experts and information and guidelines on safe medication use.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0701666
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0310033
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Various Programs:Error Reporting and Analysis:More than 40 years ago, the voluntary ISMP National Medication Errors Reporting Program (ISMP MERP) was formed to learn about errors happening across the nation, understand causes, and share "lessons learned" with the healthcare community. Each year, the program receives hundreds of reports from healthcare practitioners, and that information is used to bring about large-scale changes in medication safety. National Alert Network (NAN) alerts based on information submitted to the program warn providers of risk for errors that have recently caused serious harm or death. The Institute also reviews all medication error reports submitted by healthcare facilities to the Commonwealth of Pennsylvania Patient Safety Authority, and established the first consumer error reporting system through its consumer website (www.ConsumerMedSafety.org) as well as a National Vaccine Errors Reporting Program (ISMP VERP). ISMP was named one of the first federally certified Patient Safety Organizations (PSOs), providing the highest level of legal protection and confidentiality for the data and error reports it receives. ISMP's QuarterWatch program analyzes errors and serious side effects reported to the U.S. Food and Drug Administration and issues reports that identify safety problems with specific medicines. Research and Best Practices Development:In addition to disseminating information on safe medication use gained through its reporting programs and other sources, ISMP conducts original research to help provide evidence-based solutions and develops guidance and prevention strategies to prevent errors. ISMP has issued 2016-2017 Targeted Medication Safety Best Practices for Hospitals to identify, inspire, and mobilize national action on recurring safety problems, and will soon release 2018-2019 Targeted Best Practices. ISMP conducted national medication safety self assessments for acute care hospitals in 2000, 2004, and 2011 and an international assessment for oncology medication safety in 2012. In 2017, it updated its past assessments for community/ambulatory pharmacy and antithrombotic therapy. The Institute has also published an article in the Joint Commission Journal on Quality and Patient Safety on the state of safe medication practices over the last decade based on findings from its self assessments,and provided a list of national safety priorities that merit greater attention.
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,044,381
Liabilities
$738,506
Net assets
$4,305,875
Revenue
$3,186,572
Expenses
$3,102,814
Net income
$83,758
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$3.26$1.44$2.40$3.87$1.47
2023Summary only. Only limited summary data is available for this year.$2.01$1.98$0.03$2.36$3.98$1.61
2022Summary only. Only limited summary data is available for this year.$2.39$0.75$1.64$2.51$2.91$0.40
2021Summary only. Only limited summary data is available for this year.$2.76$0.72$2.04$3.09$3.11$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.15$1.09$2.06$2.38$3.51$1.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$0.65$2.66$2.96$3.83$0.87
2018Summary only. Only limited summary data is available for this year.$4.70$0.66$4.04$3.60$3.04$0.55
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.16$0.74$4.42$3.32$2.97$0.36
2016Detailed filing. Detailed filing data is available for this year.$5.04$0.74$4.31$3.19$3.10$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.23$0.78$4.45$3.16$3.12$0.05
2014Detailed filing. Detailed filing data is available for this year.$5.05$0.67$4.38$3.44$3.09$0.36
2013Detailed filing. Detailed filing data is available for this year.$4.90$0.75$4.15$2.56$2.88$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.11$0.82$4.29$3.11
2011Summary only. Only limited summary data is available for this year.$4.89$0.82$4.07$3.75$3.06$0.68