NEW YORK BLOOD CENTER INC

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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

1959

Legal Domicile

Principal Officer

DR CHRISTOPHER D HILLYER

Phone

2125703000

Tax Period

2023-01-01 to 2023-12-31

NEW YORK BLOOD CENTER INC, founded in 1959, is a major nonprofit in the Health Care sector that reported $564.8M in total revenue in fiscal year 2023.

Mission

AS ONE OF THE MOST PREEMINENT AND COMPREHENSIVE BLOOD CENTERS IN THEWORLD, NYBC OPERATES UNDER A FOUR-PART MISSION. FOR MORE INFORMATION,SEE SCH. O AND PART III, 4A-C.

Program Service Accomplishments

Program 1

Expenses: $344,677,232 Revenue: $363,200,237

BLOOD SERVICES: THE COLLECTION AND PROCESSING OF BLOOD PRODUCTS,TESTING OF BLOOD SAMPLES AND THE DISTRIBUTION OF THESE PRODUCTS TOHOSPITALS IN THE REGIONS SERVED BY NYBCE DIVISIONS.

Program 2

Expenses: $168,651,635 Revenue: $177,524,389

MEDICAL PROGRAMS: (1) HEMOPHILIA SERVICES CONSORTIUM,(2) COMPREHENSIVE CELL SOLUTIONS (INCLUDES APHERESIS/TRANSFUSION SERVICES AND CONTRACT MANUFACTURING), (3) BONE MARROW PROGRAM, AND (4) NATIONAL CORD BLOOD PROGRAM (COLLECTION, PROCESSING, AND STORAGE OF CORD BLOOD UNITS AND DISTRIBUTION OF THESE UNITS FOR TREATMENT OR RESEARCH PURPOSES)

Program 3

Expenses: $16,160,196

RESEARCH PROGRAM: THE NEW YORK BLOOD CENTER OPERATES AWIDE-RANGING PROGRAM OF RESEARCH INTO THE PROPERTIES OF BLOOD ANDBLOOD RELATED DISEASES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $21,586,173

Program Service Revenue $540,724,626

Investment Income $-555,884

Other Revenue $3,064,027

TOTAL REVENUE $564,818,942

Expense Breakdown

Grants Paid $137,280

Salaries & Benefits $237,169,221

Fundraising Expenses $836,434

Program Expenses $529,489,063

Other Expenses $362,220,673

TOTAL EXPENSES $599,527,174

Year-over-Year Comparison

	2023	2022	Change
Revenue	$564,818,942	$550,372,782	+0.0%
Expenses	$599,527,174	$548,147,084	+0.1%
Net Income	$-34,708,232	$2,225,698	-16.6%

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

2843

Volunteers

750

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

$8,945,603

Total Directors

$2,816,470

Key Employees

$4,667,603

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER D HILLYER	PRESIDENT & CHIEF EXECUTIVE OFFICER	50.00	Officer Director	$2,704,048	$112,422	$2,816,470
AVERY AUGUST	TRUSTEE	1.00	Director	$0	$0	$0
JUNG CHOI	TRUSTEE	1.00	Director	$0	$0	$0
YVES DENIZE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID DRISCOLL	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP J FALIVENE	TRUSTEE	1.00	Director	$0	$0	$0
JOHN FERRETTI	TRUSTEE	1.00	Director	$0	$0	$0
ARIEL FISHMAN	TRUSTEE	1.00	Director	$0	$0	$0
OWEN GARRICK	TRUSTEE	1.00	Director	$0	$0	$0
MARC KRAMER	TRUSTEE	1.00	Director	$0	$0	$0
PETER LOPEZ	TRUSTEE (UNTIL 10/2023)	1.00	Director	$0	$0	$0
AARON R MARCU	TRUSTEE	1.00	Director	$0	$0	$0
THERESA RAGOZINE	TRUSTEE	1.00	Director	$0	$0	$0
JOHN L ROSENTHAL	TRUSTEE	1.00	Director	$0	$0	$0
MARK SCHMIDTLEIN	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT A SCHWARTZ	TRUSTEE	1.00	Director	$0	$0	$0
JAIME SHAMONKI	TRUSTEE	1.00	Director	$0	$0	$0
PAUL M TORGERSON	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN D WURTZLER	TRUSTEE (UNTIL 11/2023)	1.00	Director	$0	$0	$0
BERNADETTE TISO	DEPUTY GENERAL COUNSEL/ASST SECRETARY	50.00	Officer	$294,661	$59,539	$354,200
BETSY JETT	SVP, CHIEF QUAL & REGULATORY OFFICER	50.00	Officer	$500,434	$44,189	$544,623
BRUCE SACHAIS	VP, CHIEF MEDICAL OFFICER	50.00	Officer	$423,563	$55,159	$478,722
DAVID BENCH	CHIEF FINANCIAL OFFICER	50.00	Officer	$474,851	$56,357	$531,208
ELIZABETH MCQUAIL	EVP - OPS & MANUFACTURING/COO	50.00	Officer	$1,139,850	$57,743	$1,197,593
JORDANA SCHWARTZ	SVP - GENERAL COUNSEL/SECRETARY	50.00	Officer	$516,278	$71,916	$588,194
JOSEPH MOHR	EVP AND CHIEF BUSINESS OFFICER	50.00	Officer	$761,290	$74,037	$835,327
SHAKIMA WELLS	ASSOCIATE GENERAL COUNSEL, ASSISTANT SECRETARY	50.00	Officer	$208,388	$37,652	$246,040
ADRIAN DAVID	EVP, CHIEF OPERATING OFFICER	50.00	Officer	$344,821	$10,640	$355,461
LARRY LUCHSINGER	SVP, CHIEF SCIENTIFIC OFFICER	50.00	Officer	$258,976	$37,567	$296,543
RICHARD KIERNAN	SVP, CHIEF HUMAN RESOURCES OFFICER	50.00	Officer	$224,532	$22,872	$247,404
VAUGHN RATCHFORD	SVP, CHIEF REAL ESTATE OFFICER	50.00	Officer	$404,835	$48,983	$453,818
ANDREA CEFARELLI	SR. VP, CORPORATE COMMUNICATIONS	50.00	Key Emp	$388,648	$40,426	$429,074
BARRY GREENE	VP, CHIEF ADMINISTRATION OFFICER MEDICAL & SCIENCE	50.00	Key Emp	$305,533	$45,818	$351,351
DAVID GRAHAM	SVP ENTERPRISE DONOR ENGAGEMENT	50.00	Key Emp	$406,547	$62,263	$468,810
DONNA STRAUSS	VP - ENTERPRISE LABORATORY SERVICES	50.00	Key Emp	$422,461	$61,121	$483,582
ERIC SENALDI	DEPUTY CHIEF MEDICAL OFFICER	50.00	Key Emp	$337,658	$62,660	$400,318
JED GORLIN	VP, MEDICAL & REGULATORY AFFAIRS	50.00	Key Emp	$432,852	$30,033	$462,885
JONATHAN BARBA	VP INFORMATION TECHNOLOGY	50.00	Key Emp	$311,512	$35,389	$346,901
MAHTAB KHAN	VICE PRESIDENT OF FINANCE	50.00	Key Emp	$325,280	$41,333	$366,613
MONIQUE BROWN GEORGE	VP - HUMAN RESOURCES	50.00	Key Emp	$312,217	$36,372	$348,589
PATRICIA KILLEEN	VP - ENTERPRISE BLOOD OPERATIONS OPTIMIZATION	50.00	Key Emp	$412,957	$56,075	$469,032
RICHARD YOUNGBLOOD	SR. VICE PRESIDENT, CHIEF OF STAFF	50.00	Key Emp	$484,471	$55,977	$540,448
KARINA YAZDANBAKHSH	VP, DIRECTOR, RESEARCH DEVELOPMENT LFKRI	50.00	Highest	$322,814	$31,836	$354,650
MEGHAN WOOD	VICE PRESIDENT, VENTURES & BUSINESS DEVELOPMENT	50.00	Highest	$350,015	$63,418	$413,433
KATHRYN GEIST	VP, REGIONAL OPERATIONS	50.00	Highest	$298,072	$37,151	$335,223
TRACY KINJERSKI	VP, BUSINESS DEVELOPMENT	50.00	Highest	$351,367	$19,690	$371,057
JEANNIE MASCOLINO	VP, NYBC REGION COLLECTIONS	50.00	Highest	$378,352	$61,664	$440,016

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$564,818,942	$599,527,174	$784,292,844	$-34,708,232
2022	$550,372,782	$548,147,084	$766,718,159	$2,225,698
2021	$392,002,693	$387,704,513	$819,022,618	$4,298,180
2021	$554,715,818	$507,094,985	$653,903,495	$47,620,833
2021	$392,002,693	$387,704,513	$819,022,618	$4,298,180
2020	$483,523,813	$482,834,961	$515,795,702	$688,852
2019	$391,197,146	$387,919,716	$553,444,220	$3,277,430
2018	$352,613,347	$362,739,061	$555,190,471	$-10,125,714