Civic Intelligence

Institute for Safe Medication Practices

990 • Fiscal year 2017 • EIN 23-2757559

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 13, 2018

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

48th percentile

0.14x

Higher debt load relative to assets than 48% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.22x

Higher debt load relative to revenue than 56% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

85th percentile

$261,780

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

44th percentile

2.4%

Faster asset growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

4.3%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$5,163,552

Up $119,171 (+2.4%) from 2016

Net Assets

Up

$4,420,993

Up $115,118 (+2.7%) from 2016

Liabilities

Up

$742,559

Up $4,053 (+0.5%) from 2016

Revenue

Up

$3,323,925

Up $137,353 (+4.3%) from 2016

Expenses

Down

$2,967,827

Down $134,987 (-4.4%) from 2016

Net Income

Up

$356,098

Up $272,340 (+325%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$5,163,552
Liabilities$742,559
Net Assets$4,420,993

Operations Trend

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

2017

Revenue$3,323,925
Expenses$2,967,827
Net Income$356,098
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 13, 2018
Return Version
2017v2.2
Gross Receipts
$4,195,952
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$2,934,215$3,083,274▲ $149,059
Savings and Temporary Cash Investments$594,429$888,233▲ $293,804
Accounts Receivable$454,822$294,916▼ $159,906
Pledges and Grants Receivable$300,061$211,225▼ $88,836
Land, Buildings, and Equipment, Net$41,242$80,986▲ $39,744
Cash and Non-Interest-Bearing Accounts$209,365$74,288▼ $135,077
Prepaid Expenses and Deferred Charges$25,350$13,657▼ $11,693
Intangible Assets$15,963$12,207▼ $3,756
Investments Other Securities$222,045$-338,548▼ $560,593
Total Assets$5,044,381$5,163,552▲ $119,171
Other Assets Total$246,889$843,314▲ $596,425
Liabilities
Deferred Revenue$449,872$488,138▲ $38,266
Accounts Payable and Accrued Expenses$288,634$254,421▼ $34,213
Total Liabilities$738,506$742,559▲ $4,053
Net Assets / Fund Balance
Unrestricted Net Assets$4,076,746$3,894,786▼ $181,960
Temporarily Rstr Net Assets$229,129$526,207▲ $297,078
Total Net Assets Fund Balance$4,305,875$4,420,993▲ $115,118
Total Liabilities and Net Assets / Fund Balance$5,044,381$5,163,552▲ $119,171

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$62,632$650,054$712,686
Equipment$16,700$149,653$166,353
Leasehold Improvements$1,654$47,402$49,056
Other Assets Org$12,497--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael CohenPresident - TrusteeFT$245,487$16,293$261,780
Allen VaidaExecutive Vice PresidentFT$203,726$38,341$242,067
Judy SmetzerVice PresidentFT$161,294$15,516$176,810
Susan PaparellaVice PresidentFT$152,968$10,510$163,478
Christina MichalekMedication Safety AnalystFT$147,396$9,673$157,069
Michelle MandrackDir, Consult. ServicesFT$140,708$9,370$150,078
Matthew GrissingerDirector Error Report. Prgms.FT$122,066$7,928$129,994
Michael GauntMedication Safety AnalystFT$101,917$6,660$108,577

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
Margaret McGoldrickTrustee
Mark CzirakyTrustee
Marty MinnitiTrustee
Rebecca FinleyTrustee
Ronda GHughesTrustee
Russell JenkinsTrustee
Zane WolfTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,243,002
Program Service Revenue
$1,968,815
Investment Income
$140,393
Other Revenue
$-28,285
All Other Contributions
$1,141,568
Change in Net Assets
$356,098

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,368,434
Revenue Not Reported on Financial Statements
$-44,509
Revenue Not Reported on Form 990
$-240,978
Other Revenue Adjustments
$-53,401
Total Revenue per Audited Statements
$3,127,456
Total Revenue per Form 990
$3,323,925
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,112,317
Other Expenses$855,510
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$994,702$105,029-$1,099,731
Current Officers, Directors, Trustees, and Key Employees$676,214$71,401-$747,615
All Other Expenses$67,892$103,333-$171,225
Payroll Taxes$120,728$12,747-$133,475
Occupancy-$108,632-$108,632
Other Expenses$72,924$81,526-$72,924
Other Employee Benefits$63,722$6,728-$70,450
Pension Plan Contributions$55,216$5,830-$61,046
Fees for Services Other$29,061--$29,061
Insurance-$22,301-$22,301
Fees for Services Accounting-$20,003-$20,003
Depreciation Depletion-$13,879-$13,879
Office Expenses-$10,639-$10,639
Fees for Service Investment Mgmnt Fees-$8,892-$8,892
Fees for Services Legal-$2,270-$2,270
Travel-$1,577-$1,577
Total Functional Expenses$2,392,065$575,762$0$2,967,827

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,012,336
Total Expenses per Form 990$2,967,827
Expenses per Audited Statements$2,958,935
Expenses Not Reported on Form 990$53,401
Expenses Not Reported on Financial Statements$8,892
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$53,401
Fundraising Gross Income$25,116
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cheers Award Dinner$126,550$25,116$22,362$2,754
Total Events$126,550$25,116$53,401$-28,285
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
2018-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Cohen
Formed
1994
Legal Domicile
Pa
Voting Board Members
14
Independent Board Members
13
Employees
34
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 -560,593.

Financial Statement Notes

Part X, Line 2:

In accordance with ASC Topic 740 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 -560,593.

Part XI, Line 4B - Other Adjustments:

Direct expenses of fund raising netted against revenue -53,401.

Part XII, Line 2D - Other Adjustments:

Direct expenses of fund raising netted against revenue 53,401.

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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/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.
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IRS990/Form990PartVIISectionAGrp/PersonNm0David Bates
IRS990/Form990PartVIISectionAGrp/PersonNm1David U
IRS990/Form990PartVIISectionAGrp/PersonNm2Donald J M Phillips
IRS990/Form990PartVIISectionAGrp/PersonNm3Gregory Baldwin
IRS990/Form990PartVIISectionAGrp/PersonNm4Janice Dunsavage
IRS990/Form990PartVIISectionAGrp/PersonNm5L Albert Villarin Jr
IRS990/Form990PartVIISectionAGrp/PersonNm6Margaret McGoldrick
IRS990/Form990PartVIISectionAGrp/PersonNm7Mark Cziraky
IRS990/Form990PartVIISectionAGrp/PersonNm8Marty Minniti
IRS990/Form990PartVIISectionAGrp/PersonNm9Michael Cohen
IRS990/Form990PartVIISectionAGrp/PersonNm10Rebecca Finley
IRS990/Form990PartVIISectionAGrp/PersonNm11Ronda GHughes
IRS990/Form990PartVIISectionAGrp/PersonNm12Russell Jenkins
IRS990/Form990PartVIISectionAGrp/PersonNm13Zane Wolf
IRS990/Form990PartVIISectionAGrp/PersonNm14Allen Vaida
IRS990/Form990PartVIISectionAGrp/PersonNm15Judy Smetzer
IRS990/Form990PartVIISectionAGrp/PersonNm16Susan Paparella
IRS990/Form990PartVIISectionAGrp/PersonNm17Christina Michalek
IRS990/Form990PartVIISectionAGrp/PersonNm18Matthew Grissinger
IRS990/Form990PartVIISectionAGrp/PersonNm19Michael Gaunt
IRS990/Form990PartVIISectionAGrp/PersonNm20Michelle Mandrack
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer - Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee- Chairman of Board
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9President - Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Executive Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt15Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt17Medication Safety Analyst
IRS990/Form990PartVIISectionAGrp/TitleTxt18Dir. Error Report. Prgms.
IRS990/Form990PartVIISectionAGrp/TitleTxt19Medication Safety Analyst
IRS990/Form990PartVIISectionAGrp/TitleTxt20Dir, Consult. Services
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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/OtherExpensesGrp/Desc1Educational Expenses
IRS990/OtherExpensesGrp/Desc2Telephone
IRS990/OtherExpensesGrp/Desc3Public relations
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IRS990/PrincipalOfficerNm0Michael Cohen
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IRS990/ProgramServiceRevenueGrp/Desc0Publications
IRS990/ProgramServiceRevenueGrp/Desc1Error Analysis
IRS990/ProgramServiceRevenueGrp/Desc2Education
IRS990/ProgramServiceRevenueGrp/Desc3Consultations
IRS990/ProgramServiceRevenueGrp/Desc4Research
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1432264
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2393648
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3353257
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2393648
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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/ExpenseAmt0459054
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0353257
IRS990/ProgSrvcAccomActy3Grp/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 bimonthly 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, also 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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0456250
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0722914
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Research, Advocacy, Website, and Fundraising: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 2018-2019 Targeted Medication Safety Best Practices for Hospitals to identify, inspire, and mobilize national action on recurring safety problems. ISMP also has conducted national medication safety self assessments for acute care hospitals in 2000, 2004, and 2011 and is undertaking its first self assessment for high-alert medications in 2018. Topics that other ISMP self-assessments have addressed include oncology, community/ambulatory pharmacy, and antithrombotic therapy. ISMP also has 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.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Error Reporting and Analysis:The voluntary ISMP National Medication Errors Reporting Program (ISMP MERP) was begun 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. ISMP 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.
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Filings

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
2017Detailed filing. Detailed filing data is available for this year.$5.16$0.74$4.42$3.32$2.97$0.36
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$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