HCSC - BLOOD CENTER (EIN 231731796) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

RAMI NEMH

Phone

6107912222

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

TO SERVE THE HEALTHCARE INDUSTRY, PRIMARILY HOSPITALS, BY PROVIDING BLOOD PRODUCTS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,123,982

Program Service Revenue $30,520,388

Investment Income $610,001

Other Revenue $59,321

TOTAL REVENUE $32,313,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,046,106

Fundraising Expenses $454,625

Program Expenses $25,447,813

Other Expenses $18,010,437

TOTAL EXPENSES $31,056,543

Year-over-Year Comparison

	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%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

264

Volunteers

125

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

$1,938,822

Total Directors

$1,131,625

Key Employees

Highest Compensated

reported

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

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	$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

HCSC - BLOOD CENTER