Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $15,098,982

• 2a · Program service revenue: CONTRACT REVENUE

  total $3,363,134 · related or exempt $3,363,134

• 3 · Investment income

  total $895,823 · excluded $895,823

• 7a · Gross sales of assets other than inventory

  securities $115,646

• 7b · Less cost or other basis and sales expenses

  securities $107,544

• 7c · Gain or loss

  securities $8,102

• 7d · Net gain or loss

  total $8,102 · excluded $8,102

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $687,400 · program services $687,400

• 5 · Compensation of officers, directors and key employees

  total $1,120,860 · program services $800,678 · management and general $320,182

• 7 · Other salaries and wages

  total $7,450,101 · program services $5,312,578 · management and general $2,137,523

• 8 · Pension plan contributions

  total $604,205 · program services $437,146 · management and general $167,059

• 9 · Other employee benefits

  total $2,668,012 · program services $1,930,323 · management and general $737,689

• 10 · Payroll taxes

  total $527,174 · program services $381,414 · management and general $145,760

• 11b · Fees: legal

  total $4,664 · program services $4,664

• 11c · Fees: accounting

  total $67,320 · management and general $67,320

• 11f · Fees: investment management

  total $18,577 · management and general $18,577

• 11g · Fees: other

  total $2,997,867 · program services $2,721,860 · management and general $276,007

• 12 · Advertising and promotion

  total $10,145 · management and general $10,145

• 13 · Office expenses

  total $223,939 · program services $124,474 · management and general $99,465

• 16 · Occupancy

  total $404,652 · program services $253,958 · management and general $150,694

• 17 · Travel

  total $395,708 · program services $359,785 · management and general $35,923

• 19 · Conferences, conventions and meetings

  total $94,649 · program services $80,227 · management and general $14,422

• 22 · Depreciation, depletion and amortization

  total $1,611 · management and general $1,611

• 23 · Insurance

  total $119,577 · program services $22,109 · management and general $97,468

• 24a · Other expenses: CONTRACT LOSS RESERVE

  total $629,807 · program services $629,807

• 24b · Other expenses: LICENSES, FEES AND DUES

  total $492,421 · program services $57,759 · management and general $434,662

• 24c · Other expenses: SUBSCRIPTIONS

  total $85,958 · program services $10,230 · management and general $75,728

• 24d · Other expenses: RECRUITMENT

  total $60,489 · program services $3,466 · management and general $57,023

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $13,822,127 · end of year $13,667,006

• 4 · Accounts receivable

  beginning of year $2,094,040 · end of year $2,736,385

• 9 · Prepaid expenses and deferred charges

  beginning of year $28,633 · end of year $22,009

• 10a · Land, buildings and equipment: cost or other basis

  $30,631

• 10b · Land, buildings and equipment: accumulated depreciation

  $17,641

• 10c · Land, buildings and equipment, net

  beginning of year $1,912 · end of year $12,990

• 11 · Investments: publicly traded securities

  beginning of year $8,215,263 · end of year $9,022,721

• 15 · Other assets

  beginning of year $486,994 · end of year $559,755

• 17 · Accounts payable and accrued expenses

  beginning of year $1,604,405 · end of year $1,311,191

• 19 · Deferred revenue

  beginning of year $388,030 · end of year $614,651

• 25 · Other liabilities

  beginning of year $577,249 · end of year $845,842

• 27 · Net assets without donor restrictions

  beginning of year $22,079,285 · end of year $23,249,182

The filer's explanations (Part III)

PART I, LINE 4B

CEO, RON FORSYTHE, PARTICIPATES IN A 457(F) PLAN. THERE WERE NO CONTRIBUTIONS INTO THE PLAN DURING 2024.

PART I, LINE 7

THE ORGANIZATION PAID DISCRETIONARY BONUSES IN 2024.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• QLARANT COMMERCIAL SOLUTIONS INC

  C · PATIENT SAFETY PRODUCTS & SERVICES · MD