SAFE Bio-Pharma Association

Nonprofit profile at a glance

EIN
203107081
IRS 990 coverage
2011–2017
Forms available
Form 990 2017
Location
Ormond Beach, FL, USA
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Business and Industry

Official website

Reported finances

Revenue
$1,354,858
Expenses
$1,210,271
Assets
$615,183
Liabilities
$438,581

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • Mary Shield-Uehling (President & CEO)

Highest reported compensation

  • Mary Shield-Uehling (President & CEO): $262,784 total reported compensation
  • Peter Alterman (COO): $193,662 total reported compensation
  • Gary Secrest (Consultant): $89,106 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of SAFE-BioPharma Association is to be the digital identity and signature standard for the global biopharmaceutical and healthcare communities.

What it reported doing in 2017

Creation and management of the SAFE-BioPharma digital identity and signature standard for the pharmaceutical and healthcare industries

Operating model

Revenue model
Earned-program. 90% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 49
  • Transparency & Controls: 68
  • Accountability: 70
  • Sustainability: 42
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 53.1%; rating input score 53
  • Program expense ratio: 59.6%; rating input score 60
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 20th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 10.7%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 0.51; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.71; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 45.1%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -12.4% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -8.7% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -10.5% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 53.1% of revenue deployed · 59.6% of spending went to programs
  • Governance: 8 of 9 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $721K in reported program spending
  • Leadership: top reported pay $263K · 11 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $277K reported
  • Consistency: 22 of 22 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 7 filing years from 2011 to 2017
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • Moderate — Accountability: Governance controls: 4 of 8 not reported.
  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.