ALLENTOWN, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HCSC - BLOOD CENTER, founded in 1969, is a mid-sized nonprofit in the Health Care sector that reported $32.3M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $31.1M left a modest 4% surplus.
THE BLOOD CENTER DELIVERS QUALITY PRODUCTS AND SERVICES ON TIME TO ALL CUSTOMERS, INTERNAL AND EXTERNAL. WE PROVIDE OUR EMPLOYEES WITH TRAINING AND RESOURCES TO MEET OR EXCEED CUSTOMER REQUIREMENTS. WE MONITOR OUR PROCESSES AND PRODUCTS TO IDENTIFY OPPORTUNITIES FOR CONTINUOUS IMPROVEMENT. IN CONTINUING PURSUIT OF TOTAL QUALITY, THE FOLLOWING MISSION STATEMENT GUIDES US: 1.PROVIDE A SAFE AND ADEQUATE BLOOD SUPPLY AND QUALITY COMMUNITY SERVICES IN RESPONSE TO THE CHANGING NEEDS OF OUR CUSTOMERS. 2.BE AN ACTIVE MEMBER OF THE COMMUNITY, BY PROVIDING COMMUNITY EDUCATION AND BECOMING INVOLVED IN COMMUNITY ACTIVITIES BEYOND OUR CORE BUSINESS. 3.PROVIDE A SAFE AND SECURE ENVIRONMENT. 4.TREAT EMPLOYEES WITH RESPECT AND DIGNITY,THROUGH RECOGNITION OF THEIR MERIT. 5.BELIEVE THAT PARTICIPATION IN THE MANAGEMENT PROCESS AND TEAMWORK ARE OUR CORE OPERATIONAL VALUES. WE MUST TREAT EACH OTHER WITH TRUST AND RESPECT. 6.PROVIDE FAIR AND ADEQUATE COMPENSATION BASED ON THE IMPACT AND EXTENT OF JOB TASK. 7.OPERATE IN A COST-EFFECTIVE MANNER TO PROVIDE RESOURCES FOR CONTINUED GROWTH.
THE PRIMARY MISSION OF THE BLOOD CENTER IS TO PROVIDE A SAFE, ADEQUATE BLOOD SUPPLY TO HOSPITALS MAINLY IN THE EASTERN PA. COUNTIES BETWEEN PHILADELPHIA AND SCRANTON AND THE WESTERN COUNTIES OF NEW...
THE PRIMARY MISSION OF THE BLOOD CENTER IS TO PROVIDE A SAFE, ADEQUATE BLOOD SUPPLY TO HOSPITALS MAINLY IN THE EASTERN PA. COUNTIES BETWEEN PHILADELPHIA AND SCRANTON AND THE WESTERN COUNTIES OF NEW JERSEY. THE BLOOD CENTER RECRUITS, COLLECTS, PROCESSES, TESTS, AND DISTRIBUTES ABOUT 111,000 BLOOD PRODUCTS YEARLY. THE PROCESSING FEES GENERATED FROM THESE BLOOD PRODUCTS IS $29,805,000.THE BLOOD CENTER ALSO PROVIDES TESTING SERVICES FOR SEVERAL HOSPITALS AND OTHER BLOOD CENTERS. THESE CLIENT TESTING SERVICES GENERATED $245,000 IN REVENUE ON ABOUT 8,500 BLOOD TESTS.IN ADDITION, THE BLOOD CENTER SELLS EXPIRED BLOOD PRODUCTS TO THE PHARMACUETICAL INDUSTRY FOR INCLUSION IN CERTAIN DIAGNOSTICS AND DRUGS. THE SALE OF THESE SALVAGE PRODUCTS WAS $1,525,000.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $32,313,692 | $34,472,496 | -0.1% |
| Expenses | $31,056,543 | $31,840,209 | 0.0% |
| Net Income | $1,257,149 | $2,632,287 | -0.5% |
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 |
|---|---|---|---|---|---|---|
| PETER J CASTAGNA JR | PRESIDENT & CEO (RETIRED 12/2024) | 20.00 |
Officer
Director
|
$0 | $44,985 | $378,622 |
| RAMI NEMEH | PRESIDENT (EFF 1/2025) | 20.00 |
Officer
Director
|
$294,794 | $46,682 | $341,476 |
| D KIP KUTTNER DO | VP, MEDICAL DIRECTOR | 50.00 |
Officer
Director
|
$349,731 | $61,796 | $411,527 |
| JOSEPH BUBBA ESQ | CHAIRMAN OF THE BOARD | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAURIE HACKETT | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| EVERITT BINNS PHD | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN HANEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT BEGLIOMINI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROCCO DELVECCHIO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN FISTNER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARTA GABRIEL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DORAN HAMANN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ADAM MCMAHON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RAY MIDLAM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR GUSTAAF RIDDLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RON TICHO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDSAY WATSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS GENG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN A GERGAR | VP, FINANCE (RETIRED 4/2025) | 16.00 |
Officer
|
$0 | $64,759 | $506,052 |
| LISA PION | ASST. SECRETARY (RETIRED 1/2025) | 12.00 |
Officer
|
$0 | $19,061 | $62,267 |
| MIKE LACZO | VICE PRESIDENT/TREASURER (EFF 4/2025) | 16.00 |
Officer
|
$0 | $65,945 | $238,878 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $32,313,692 | $31,056,543 | $24,221,875 | $1,257,149 |
| 2024 | $34,472,496 | $31,840,209 | $24,517,800 | $2,632,287 |
| 2023 | $29,348,700 | $28,342,025 | $21,936,131 | $1,006,675 |
| 2022 | $28,821,551 | $27,433,080 | $19,286,704 | $1,388,471 |
| 2021 | $35,597,485 | $30,597,559 | $18,476,666 | $4,999,926 |
| 2020 | $30,653,954 | $32,681,512 | $16,670,450 | $-2,027,558 |
| 2019 | $32,048,415 | $32,625,469 | $15,280,925 | $-577,054 |
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