RHODE ISLAND BLOOD CENTER

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

CHRISTOPHER HILLYER MD

Phone

4014538360

Tax Period

2018-04-01 to 2019-03-31

RHODE ISLAND BLOOD CENTER, founded in 1979, is a mid-sized nonprofit that reported $63.3M in total revenue in fiscal year 2018. Revenue surged 138% from the prior year, signaling strong growth momentum.

Mission

THE RHODE ISLAND BLOOD CENTER COLLECTS, TESTS, AND DISTRIBUTES BLOOD AND BLOOD PRODUCTS FOR HOSPITALS IN RHODE ISLAND WHILE ALSO SERVING CUSTOMERS IN VARIOUS STATES, PRINCIPALLY IN NEW ENGLAND.

Program Service Accomplishments

Program 1

Expenses: $56,248,031 Revenue: $62,806,221

COLLECTION, TESTING, AND DISTRIBUTION OF BLOOD AND BLOOD PRODUCTS FOR HOSPITALS IN RHODE ISLAND WHILE ALSO SERVING CUSTOMERS IN VARIOUS STATES, PRINCIPALLY IN NEW ENGLAND.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $242,500

Program Service Revenue $62,692,435

Investment Income $206,114

Other Revenue $113,786

TOTAL REVENUE $63,254,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,051,008

Fundraising Expenses $0

Program Expenses $56,248,031

Other Expenses $41,478,703

TOTAL EXPENSES $61,529,711

Year-over-Year Comparison

	2018	2017	Change
Revenue	$63,254,835	$26,522,425	+1.4%
Expenses	$61,529,711	$27,480,591	+1.2%
Net Income	$1,725,124	$-958,166	-2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

362

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$4,771,927

Total Directors

$2,040,010

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES R REPPUCCI	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER DHILLYER MD	PRESIDENT	2.00	Officer Director	$0	$101,346	$1,791,197
DAVID TENDLER	TRUSTEE	1.00	Director	$0	$0	$0
LAWRENCE F SMITH	CEO (THROUGH 1-31-2019)	50.00	Officer Director	$215,845	$32,968	$248,813
MARK A SHAW	TRUSTEE	1.00	Director	$0	$0	$0
MARK SCHMIDTLEIN	TRUSTEE, BOARD CHAIR	1.00	Director	$0	$0	$0
THOMAS HEANEY	TRUSTEE	1.00	Director	$0	$0	$0
BERNADETTE TISO	ASSISTANT SECRETARY	2.00	Officer	$0	$49,653	$291,492
BETH SHAZ	SVP- CHIEF MEDICAL OFFICER	1.00	Officer	$0	$71,251	$674,133
ELIZABETH MCQUAIL	CEO	2.00	Officer	$0	$85,386	$750,607
JORDANA G SCHWARTZ	SECRETARY	2.00	Officer	$0	$61,082	$502,816
KENNETH N ALLEN JR	CHIEF FINANCIAL OFFICER	40.00	Officer	$251,745	$29,059	$280,804
SCOTT J ASADORIAN	VP & CHIEF OPER OFFICER	40.00	Officer	$211,055	$21,010	$232,065
CAROLYN T YOUNG MD	VP & CHIEF MEDICAL OFCR	40.00	Highest	$316,855	$33,449	$350,304
DARLENE FOLAN	VP QUALITY ASSURANCE	40.00	Highest	$201,218	$13,820	$215,038
JILL ALBERIGO	DIRECTOR OF DONOR SERVICES	40.00	Highest	$168,051	$30,883	$198,934
KATHRYN E MANCHESTER	DIRECTOR OF IT	40.00	Highest	$157,301	$16,337	$173,638
PATRICIA LANG	DIR. PATIENT & CELL THERAP	40.00	Highest	$124,561	$21,673	$146,234

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2019	$63,254,835	$61,529,711	$42,708,396	$1,725,124
2019	$5,584,325	$5,576,121	No data	$8,204