Overview
What is Kentucky Institute For Patient Safety And Quality Inc?
Kentucky Institute for Patient Safety and Quality Inc. is a nonprofit organization situated in Louisville, Kentucky, dedicated to enhancing health care quality and patient safety. They collect and analyze patient safety work product and related information from various healthcare entities and professionals. This data serves as a foundation for educating these entities and professionals, enabling advancements in patient safety, error prevention, and the improvement of health care delivery. Their mission involves promoting progress in these areas, providing training and resources as needed, and monitoring various aspects of patient safety, including blood and blood products, falls, medication, and surgery/anesthesia, among others. They achieve this through seminars, webinars, conference calls, and periodic newsletters. The organization's primary goal is to foster a safer and more efficient healthcare system for the public.
Official website here: www.kipsq.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
The Kentucky Institute For Patient Safety And Quality Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored particularly well in areas such as having a fully independent board and a robust conflict of interest policy, which are critical for maintaining transparency and trust. Their program expense ratio of 85.90% indicates a substantial commitment to direct program services rather than administrative costs.
The organization’s financial health is also noteworthy, with a liabilities-to-assets ratio of 29.27%, suggesting a solid financial foundation. The absence of material diversion of assets further enhances the credibility of the charity, ensuring that funds are used as intended to support its mission. Additionally, the institute's compliance with documentation practices, including board meeting minutes, highlights its commitment to good governance.
Despite these strengths, it is essential for potential donors and stakeholders to continue monitoring the organization's impact and effectiveness over time. Overall, the Kentucky Institute For Patient Safety And Quality Inc demonstrates high standards of accountability, making it a reliable choice for those looking to support patient safety and quality initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Institute For Patient Safety And Quality Inc legitimate?
Kentucky Institute For Patient Safety And Quality Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Institute For Patient Safety And Quality Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.kipsq.org/
What is the mission statement of Kentucky Institute For Patient Safety And Quality Inc?
The Kentucky Institute for Patient Safety and Quality Inc. is committed to fostering improvements in healthcare quality and patient safety. This is achieved by gathering patient safety work data and associated information. This collected data serves as a foundation for educating healthcare entities and professionals, enabling them to make strides in patient safety, error prevention, and enhancing the overall quality of healthcare provided to the public.
Official website here: www.kipsq.org/
Who is the CEO of Kentucky Institute For Patient Safety And Quality Inc?
Lisa Hyman is the Director of Kentucky Institute For Patient Safety And Quality Inc.
Official website here: www.kipsq.org/
What is the revenue of Kentucky Institute For Patient Safety And Quality Inc?
Kentucky Institute For Patient Safety And Quality Inc's revenue in 2022 was $535,474.
Official website here: www.kipsq.org/
Who are the executives of Kentucky Institute For Patient Safety And Quality Inc and what are their salaries?
There 8 volunteers at Kentucky Institute For Patient Safety And Quality Inc.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $675,591
- Other: $39,423
- Compensation: $0
- Related: $104,957
- Other: $20,978
Official website here: www.kipsq.org/
Where can I find the form 990 for Kentucky Institute For Patient Safety And Quality Inc?
Kentucky Institute For Patient Safety And Quality Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kipsq.org/
Learn more at the official website: www.kipsq.org/
Mission Statement of Kentucky Institute For Patient Safety And Quality Inc
The Kentucky Institute for Patient Safety and Quality Inc is dedicated to fostering enhancements in healthcare quality and patient safety. At the heart of their mission lies the collection and utilization of patient safety work product and related information. This data serves as a fundamental resource, enabling healthcare entities and professionals to make strides in error prevention and improving the overall quality of healthcare delivered to the public. By educating these entities and professionals, the Institute aims to promote advancements in patient safety and the delivery of high-quality healthcare.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Kentucky Institute For Patient Safety And Quality Inc's impact is significant in promoting the improvement of health care quality and patient safety. Through its activities such as maintaining a reporting system for patient safety work product, providing training to member providers, and offering education on various topics to enhance patient safety and quality, the organization plays a crucial role in advancing error prevention and improving the quality of health care delivered to the public. By focusing on areas such as blood products, medication, falls, pressure ulcers, and surgery/anesthesia, among others, the organization collects and analyzes data from member organizations to monitor and address patient safety issues specifically related to these areas. Overall, the efforts of Kentucky Institute For Patient Safety And Quality Inc contribute to the ongoing progress in enhancing patient safety and quality within the healthcare sector.
This information is meant to be a general summary of Kentucky Institute For Patient Safety And Quality Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $190
- Program Service Revenue: $485,284
- Gross Receipts: $535,474
Assets and Liabilities:
- Total Assets: $810,353
- Total Liabilities: $184,391
- Net Assets: $625,962
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SAFETY ORGANIZ
Revenue
$485,284
Organization Details
Founding Year
2008
Phone
(502) 426-6220Principal Officer
Lisa Hyman
Main Address
2501 NELSON MILLER PARKWAY, LOUISVILLE, KY, 40223
Website
www.kipsq.org/NTEE Category
Code: E19 - Health
If you are a representative of Kentucky Institute For Patient Safety And Quality Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.