SUMMIT, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CENTRAL JERSEY BLOOD CENTER INC, founded in 1964, is a small nonprofit that reported $410K in total revenue in fiscal year 2019. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 343% operating deficit.
FOR COMPLETE MISSION STATEMENT.CJBC WAS FOUNDED WITH A VISION TO SAVE LIVES BY PROVIDING SAFE, HIGH QUALITY BLOOD PRODUCTS AND SERVICES TO PATIENTS IN NEED. ENTRUSTED TO COLLECT, PROCESS AND DISTRIBUTE THIS PRICELESS LIFE SOURCE, WE CARRY OUT OUR MISSION THROUGH THE SELFLESS GIVING OF VOLUNTEER BLOOD DONORS; OUR DEDICATED AND CARING STAFF AND VOLUNTEERS; AND OUR PARTNERSHIP WITH MEDICAL PROFESSIONALS AND REGULATORS TO ENSURE THE SAFETY OF THE BLOOD SUPPLY AND TO ADVANCE THE BODY OF KNOWLEDGE IN BLOOD MANAGEMENT. WITH THREE BLOOD DONOR CENTERS IN NEW JERSEY, OUR ORGANIZATION HAS GROWN INTO ONE OF THE PREMIER BLOOD CENTERS OF NJ. WE BELIEVE THAT PEOPLE CAN GIVE OF THEMSELVES AND MAKE A HUGE DIFFERENCE IN THE LIVES OF OTHERS.WHEN YOU DONATE BLOOD, YOU CAN HELP TREAT PREMATURE BABIES, BURN AND TRAUMA VICTIMS, PATIENTS SUFFERING FROM LEUKEMIA AND OTHER CANCERS, CARDIAC DISEASE, AND MANY OTHER CONDITIONS THAT DEPEND ON BLOOD PRODUCTS FOR RECOVERY.
PROCUREMENT OF BLOOD IS FACILITATED BY A VAST NETWORK VOLUNTEER BLOOD DONORS FROM THE COMMUNITY, RELIGIOUS ORGANIZATIONS, THE MILITARY, GOVERNMENT AGENCIES, AND EDUCATIONAL INSTITUTIONS (MOSTLY HIGH...
PROCUREMENT OF BLOOD IS FACILITATED BY A VAST NETWORK VOLUNTEER BLOOD DONORS FROM THE COMMUNITY, RELIGIOUS ORGANIZATIONS, THE MILITARY, GOVERNMENT AGENCIES, AND EDUCATIONAL INSTITUTIONS (MOSTLY HIGH SCHOOLS). THESE DONOR VOLUNTEERS ARE SERVICED BY OUR EMPLOYEES WHO EDUCATE THEM ABOUT THE NEED FOR TYPE-SPECIFIC BLOOD PRODUCTS, SCREEN THEM TO ENSURE THE SAFETY OF THE BLOOD SUPPLY AND SKILLFULLY DRAW BLOOD AND BLOOD PRODUCTS, INCREASINGLY USING AUTOMATED TECHNOLOGY TO SELECT THE NEEDED BLOOD COMPONENT. OPERATIONS CEASED IN 2018 WITH FINAL LIQUIDATION IN 2019.
PROCESSING OF BLOOD. THE CENTER OPERATES A MANUFACTURING LABORATORY THAT IS RESPONSIBLE FOR CHECKING, SEPARATING, TESTING, PACKAGING AND DISTRIBUTING BLOOD AND BLOOD DERIVATIVES TO OUR HOSPITAL...
PROCESSING OF BLOOD. THE CENTER OPERATES A MANUFACTURING LABORATORY THAT IS RESPONSIBLE FOR CHECKING, SEPARATING, TESTING, PACKAGING AND DISTRIBUTING BLOOD AND BLOOD DERIVATIVES TO OUR HOSPITAL CLIENTS. OUR MANUFACTURING SERVICES ARE EVALUATED BY SEVERAL AGENCIES, INCLUDING THE FDA, CSL, AABB AND STATES OF NJ AND NY. WE ARE PROUD TO REPORT THAT OUR MANUFACTURING PROCESS HAS CONSISTENTLY MET AND EXCEED ALL STANDARDS AND REGULATIONS MANDATED BY THESE LICENSING AND ACCREDITING ORGANIZATIONS. ALL FUNCTIONS ARE PERFORMED WITH THE HIGHEST LEVEL OF QUALITY AS PRODUCT SAFETY IS PARAMOUNT TO OUR PATIENT POPULATION. OPERATIONS CEASED IN 2018 WITH FINAL LQUIDATION IN 2019.
RECRUITMENT COST. THE CENTER DEVELOPS AND RELIES ON A LARGE DONOR BASE TO MAINTAIN STEADY BLOOD DONATIONS. BLOOD IS PERISHABLE AND THE INVENTORY MUST BE CONTINUOUSLY REPLENISHED TO AVOID SHORTAGES...
RECRUITMENT COST. THE CENTER DEVELOPS AND RELIES ON A LARGE DONOR BASE TO MAINTAIN STEADY BLOOD DONATIONS. BLOOD IS PERISHABLE AND THE INVENTORY MUST BE CONTINUOUSLY REPLENISHED TO AVOID SHORTAGES AND ENSURE IMMEDIATE AVAILABILITY OF FRESH PRODUCTS. OUR DEDICATED ACCOUNT MANAGERS WORK HAND-IN-HAND WITH CIVIC ASSOCIATIONS, SCHOOLS, AND BUSINESSES TO RAISE THE AWARENESS OF THIS CRITICAL NEED AND COORDINATE BLOOD DRIVES TO MEET THE DEMANDS OF OUR HOSPITAL CLIENTS. WE HAVE DEVELOPED TARGETED EDUCATIONAL PROGRAMS FOR STUDENTS OF ALL AGES WHICH MEET THE CORE CURRICULUM REQUIREMENTS OF THE STATE OF NEW JERSEY. OPERATIONS CEASED IN 2018 WITH FINAL LQUIDATION IN 2019.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2019 | 2018 | Change | |
|---|---|---|---|
| Revenue | $410,254 | $10,259,752 | -1.0% |
| Expenses | $1,818,551 | $12,377,548 | -0.9% |
| Net Income | $-1,408,297 | $-2,117,796 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JEFF BAHARY | CHAIRMAIN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NANCY KEGELMAN EDD | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| WAYNE B HALLARD | SECRETARY | 2.00 |
Director
|
$0 | $0 | $0 |
| G KEVIN CALLAHAN ESQ | TRUSTEE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARGIE A GANDOLFI | VICE CHAIRMAN | 2.00 |
Director
|
$0 | $0 | $0 |
| PASCAL GEORGE | CEO | 45.00 |
Officer
|
$281,746 | $0 | $281,746 |
| KAREN LEADBEATER | CFO | 45.00 |
Highest
|
$150,568 | $0 | $150,568 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2019 | $410,254 | $1,818,551 | No data | $-1,408,297 |
| 2018 | $10,259,752 | $12,377,548 | $4,698,012 | $-2,117,796 |
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