Civic Intelligence

Patient Safety Movement Foundation

990 • Fiscal year 2024 • EIN 46-2730379

Apr 01, 2023 to Mar 31, 2024 • Filed on Dec 24, 2024

Organization ProfilePSMF.ORG
15642 Sand Canyon Ave Ste 51268Irvine, CA 92619

(949) 230-7588

Siviq Scores

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

Liabilities / Assets

61st percentile

0.13x

Higher debt load relative to assets than 61% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

40th percentile

0.04x

Higher debt load relative to revenue than 40% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

29th percentile

-4.4%

Higher net margin than 29% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

91st percentile

$219,269

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

3rd percentile

-38%

Faster asset growth than 3% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

64%

Faster revenue growth than 86% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$605,949

Down $373,615 (-38%) from 2022

Net Assets

Down

$525,500

Down $66,228 (-11%) from 2022

Liabilities

Down

$80,449

Down $307,387 (-79%) from 2022

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin29th percentile

Revenue

Up

$2,096,479

Up $863,272 (+70%) from 2022

Expenses

Up

$2,189,165

Up $625,094 (+40%) from 2022

Net Income

Up

-$92,686

Up $238,178 (+72%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2016: $941,533Liabilities 2016: $211,607Net Assets 2016: $729,9262016Assets 2018: $2,087,755Liabilities 2018: $225,162Net Assets 2018: $1,862,5932018Assets 2019: $1,313,186Liabilities 2019: $78,186Net Assets 2019: $1,235,0002019Assets 2020: $1,237,316Liabilities 2020: $476,186Net Assets 2020: $761,1302020Assets 2021: $1,402,787Liabilities 2021: $480,195Net Assets 2021: $922,5922021Assets 2022: $979,564Liabilities 2022: $387,836Net Assets 2022: $591,7282022Assets 2024: $605,949Liabilities 2024: $80,449Net Assets 2024: $525,5002024Assets 2025: $89,728Liabilities 2025: $33,963Net Assets 2025: $55,7652025

Highlighted filing

2024

Assets$605,949
Liabilities$80,449
Net Assets$525,500
Open 2024 Filing

Operations Trend

Revenue Growth86th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $3,206,765Expenses 2016: $2,273,742Net Income 2016: $933,0232016Revenue 2018: $4,118,632Expenses 2018: $2,799,619Net Income 2018: $1,319,0132018Revenue 2019: $2,705,492Expenses 2019: $3,333,085Net Income 2019: -$627,5932019Revenue 2020: $2,370,616Expenses 2020: $2,844,486Net Income 2020: -$473,8702020Revenue 2021: $2,184,656Expenses 2021: $2,023,194Net Income 2021: $161,4622021Revenue 2022: $1,233,207Expenses 2022: $1,564,071Net Income 2022: -$330,8642022Revenue 2024: $2,096,479Expenses 2024: $2,189,165Net Income 2024: -$92,6862024Revenue 2025: $365,177Expenses 2025: $933,809Net Income 2025: -$568,6322025

Highlighted filing

2024

Revenue$2,096,479
Expenses$2,189,165
Net Income-$92,686
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2023 to Mar 31, 2024
Signed
Dec 24, 2024
Return Version
2023v5.1
Gross Receipts
$2,096,479
Mission and Program Overview

Mission

The Patient Safety Movement is connecting people, ideas and technology to confront the large scale problem of more than 200,000 preventable patient deaths in U.S. hospitals and 3,000,000 worldwide, each year by providing actionable ideas and innovations that can transform the process of care, dramatically improve patient safety and help eliminate patient preventable deaths. We are doing this one solution, one commitment, one hospital, one act of kindness and love, and one patient at a time. The PSMF is helping to break down silos that exist between hospitals, healthcare technology companies, patient advocates, patients, the government and all the stakeholders affected in healthcare - all of us. Together we are pushing towards zero preventable deaths by 2020.

The organization collaborates with multidisciplinary teams of medical experts and quality care professionals to develop actionable evidence-based practices that serve as step-by-step see schedule o

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$580,000--
Cash and Non-Interest-Bearing Accounts$309,045$523,146▲ $214,101
Land, Buildings, and Equipment, Net$82,874$53,041▼ $29,833
Prepaid Expenses and Deferred Charges-$29,762-
Total Assets$971,919$605,949▼ $365,970
Liabilities
Deferred Revenue$185,000--
Accounts Payable and Accrued Expenses$168,733$80,449▼ $88,284
Total Liabilities$353,733$80,449▼ $273,284
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$618,186$391,625▼ $226,561
Net Assets With Donor Restrictions-$133,875-
Total Net Assets Fund Balance$618,186$525,500▼ $92,686
Total Liabilities and Net Assets / Fund Balance$971,919$605,949▼ $365,970

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$53,041$290,798$343,839
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sanaz MassoumiCOOFT$181,920$1,349$219,269
Nabil Soliman to Dec 2023Acct and Finance ManagerFT$144,304$56,359$164,663

Board Members and Trustees

NameTitle
Mike DurkinChair
Robin BettsVice Chair
Abby TowfighDirector
Alicia Cole to Oct 2023Director
David B MayerDirector
Jannicke Mellin-olsenDirector
Javier DavilaDirector
Jim MessinaDirector
Joe KianiDirector
Najmedin MeshkatiDirector
Omar IshrakDirector
Philip LumbDirector
Sarah KianiDirector
Steven J BarkerDirector
Vonda Vaden BatesDirector
Edward KelleyDirector Start Sep. 2023
Nasim AfsarDirector Start Sep. 2023
Michael Ae RamsayCEO
Consuelo Tolentino See Sch OExecutive Assistant / Secretary
Rachael Raynes to Apr 2023Secretary
Charlie MiceliTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Pr For DolphinsPublic Relation3525 DEL MAR HEIGHTS ROAD 789, San Diego, CA 92130$161,353
Lyon & Associates Creative Services INCFilm/video Production380 STEVENS AVE SUITE 205, Solana Beach, CA 92075$156,372
Revenue and Support

Revenue Composition

Contributions and Grants
$2,063,971
Program Service Revenue
$32,508
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,063,971
Change in Net Assets
$-92,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,485,635
Salaries, Compensation, and Employee Benefits$637,405
Total Fundraising Expense$194,183
Grants and Similar Amounts Paid$66,125
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$122,905$23,910$90,687$237,502
Current Officers, Directors, Trustees, and Key Employees$137,200$16,911$64,138$218,249
Other Expenses$166,443-$895$166,443
Travel$157,368--$157,368
Comp Disqual Persons$82,863--$82,863
Foreign Grants$66,125--$66,125
Other Employee Benefits$31,276$3,526$23,043$57,845
Depreciation Depletion$44,833--$44,833
Payroll Taxes$26,625$3,018$11,303$40,946
Information Technology$38,847--$38,847
Advertising$33,778--$33,778
Office Expenses$23,583$4,414-$27,997
All Other Expenses$1,029$11,325$2,543$14,897
Insurance$3,540$7,234$1,529$12,303
Fees for Services Legal$9,140--$9,140
Fees for Services Accounting-$6,395-$6,395
Fees for Services Other$154-$45$199
Total Functional Expenses$1,918,249$76,733$194,183$2,189,165
International Activity

International Summary

Spending
$66,125

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaGrants to Recipients in RegionGrants to Recipients in Region--$66,125
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Armaan MeshkatiSee Part VCompensationNo$82,863
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Director joe kiani is an officer and director of masimo corporation. Steven barker is an employee of masimo corporation. Joe kiani and sarah kiani have a family relationship.”

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

“Form 990 was reviewed by psmf management that includes psmfs ceo, coo, executive assistant, and treasurer.”

Form 990, Part VI, Section B, Line 11C

“On an annual basis, all board members and officers are required to sign a conflict of interest policy statement stating they have read the conflict of interest policy and have disclosed all known conflicts.”

Form 990, Part VI, Section B, Line 15A

“Line 15a was answered no as ceo michael a.e. Ramsay md was not compensated.”

Form 990, Part VI, Section C, Line 19

“Psmf governing documents, conflict of interest policies, and current year internal financial statements are available upon request.”

Form 990, Part VII, Section A, Line 23

“Consuelo tolentino, executive assistant, took over as secretary upon the departure of rachael raynes.”

Filing and Contact Details

Filer

Filer Name
Patient Safety Movement Foundation
EIN
46-2730379
Phone
9492307588
Address
15642 SAND CANYON AVE STE 51268, IRVINE, CA 92619

Signing Officer

Name
Michael Ae Ramsay
Title
Md CEO
Phone
9492307588
Signed
2024-12-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Ae Ramsay
Formed
2013
Legal Domicile
De
Voting Board Members
18
Independent Board Members
18
Employees
5
Volunteers
57

Preparer

Firm
Lewis Sharpstone & Co
Address
5074 Tendilla Ave, Woodland Hills, CA 91364
Preparer
Lewis Sharpstone
Phone
8185701960
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“Continued blueprints to guide healthcare professionals in avoiding preventable patient harm. As part of its collaborative approach, the patient safety movement foundation also mobilizes and supports grassroots patient safety advocates and activists, including those whose loved ones were harmed by medical errors. Patient safety movement foundation engages an international cohort of early career healthcare professionals in a custom-designed patient safety curriculum through its global interprofessional patient safety fellowship program. In conjunction with the aforementioned activities, the patient safety movement foundation emphasizes on data transparency and sharing patient harm events as a foundational goal to enable systems to better track the progress toward the goal of zero harm.”

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IRS990/Desc0PSMF HAS REVISED AND UPDATED ITS ACTIONABLE EVIDENCE-BASED PRACTICES TO ADDRESS THE TOP 20 PREVENTABLE ADVERSE EVENTS IDENTIFIED WORLDWIDE. IN COLLABORATION WITH A TEAM OF LEADING EXPERTS, PSMF HAS REFINED EXISTING PROTOCOLS AND INITIATED THE DEVELOPMENT OF CRITICAL AREAS TO SUPPORT NEW HOSPITALS JOINING THE PROJECT ZERO INITIATIVE. BY PROVIDING UPDATED AND TRANSLATED DOCUMENTS TO HOSPITALS ACROSS LATIN AMERICA, PSMF IS ACCELERATING THE GLOBAL ADOPTION OF BEST PRACTICES IN PATIENT CARE.
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IRS990/Form990PartVIISectionAGrp/PersonNm20ALICIA COLE TO OCT 2023
IRS990/Form990PartVIISectionAGrp/PersonNm21RACHAEL RAYNES TO APR 2023
IRS990/Form990PartVIISectionAGrp/PersonNm22CONSUELO TOLENTINO SEE SCH O
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
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IRS990/Form990PartVIISectionAGrp/TitleTxt0COO
IRS990/Form990PartVIISectionAGrp/TitleTxt1ACCT AND FINANCE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR START SEP. 2023
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR START SEP. 2023
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE ASSISTANT / SECRETARY
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IRS990/FormationYr02013
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IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02096479
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IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
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IRS990/IndivRcvdGreaterThan100KCnt02
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IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/TotalAmt038847
IRS990/InsuranceGrp/FundraisingAmt01529
IRS990/InsuranceGrp/ManagementAndGeneralAmt07234
IRS990/InsuranceGrp/ProgramServicesAmt03540
IRS990/InsuranceGrp/TotalAmt012303
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt018
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0290798
IRS990/LandBldgEquipBasisNetGrp/BOYAmt082874
IRS990/LandBldgEquipBasisNetGrp/EOYAmt053041
IRS990/LandBldgEquipCostOrOtherBssAmt0343839
IRS990/LegalDomicileStateCd0DE
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0OUR MISSION IS TO DISSEMINATE ACTIONABLE EVIDENCE-BASED PRACTICES, ADVANCE THEIR INTEGRATION BY HEALTHCARE ORGANIZATIONS, AND CULTIVATE DATA TRANSPARENCY BY 2030.
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IRS990/MoreThan5000KToOrgInd0true
IRS990/NetAssetsOrFundBalancesBOYAmt0618186
IRS990/NetAssetsOrFundBalancesEOYAmt0525500
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt057845
IRS990/OtherExpensesGrp/Desc0PRODUCTION
IRS990/OtherExpensesGrp/Desc1VENUE
IRS990/OtherExpensesGrp/Desc2PUBLICITY
IRS990/OtherExpensesGrp/Desc3EVENT COST/LODGING
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IRS990/OtherExpensesGrp/ProgramServicesAmt0502156
IRS990/OtherExpensesGrp/ProgramServicesAmt1304336
IRS990/OtherExpensesGrp/ProgramServicesAmt2166048
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IRS990/OtherExpensesGrp/TotalAmt1304336
IRS990/OtherExpensesGrp/TotalAmt2166943
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IRS990/PrincipalOfficerNm0MICHAEL AE RAMSAY
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt032508
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02063971
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01248656
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01211463
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02185399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02234342
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08943831
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01405
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt014339

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$605,949
Liabilities
$80,449
Net assets
$525,500
Revenue
$2,096,479
Expenses
$2,189,165
Net income
-$92,686
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.03$0.06$0.37$0.93$0.57
2024Detailed filing. Detailed filing data is available for this year.$0.61$0.08$0.53$2.10$2.19$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.39$0.59$1.23$1.56$0.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.48$0.92$2.18$2.02$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.48$0.76$2.37$2.84$0.47
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.08$1.24$2.71$3.33$0.63
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.23$1.86$4.12$2.80$1.32
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.21$0.73$3.21$2.27$0.93