PITTSBURGH, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE INSTITUTE FOR TRANSFUSION MEDICINE, founded in 1987, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2019. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.4M, a strong 44% operating margin.
ITXM'S MISSION IS TO PROVIDE BEST IN CLASS BLOOD PRODUCTS AND CLINICAL SERVICES TO MEET THE NEEDS OF THE HEALTHCARE COMMUNITY, PATIENTS AND OUR DONORS THROUGH ADVANCED TRANSFUSION MEDICINE PRACTICES. ITXM'S VISION IS TO BE THE PREMIER PROVIDER OF BLOOD TRANSFUSION PRACTICES BY DELIVERING INNOVATIVE INDUSTRY LEADING SOLUTIONS THAT ENSURE THE HIGHEST QUALITY PRODUCTS AND SERVICES, OPERATING EFFICIENCIES, DONOR SATISFACTON AND IMPROVED PATIENT CARE RESULTING IN THE ACHIEVEMENT OF OUR MISSION. ITXM'S MISSION AND VISION ARE SUPPORTED BY OUR VALUES OF STEWARDSHIP, INTEGRITY, ACCOUNTABILITY, RESPECT, EXCELLENCE AND INNOVATION.
THE INSTITUTE FOR TRANSFUSION MEDICINE (ITXM) IS THE "PARENT" ENTITY OF A HEALTH CARE SYSTEM DEDICATED TO PROVIDING BLOOD AND BLOOD-RELATED PRODUCTS AND SERVICES TO THE COMMUNITY. ITXM PROVIDES...
THE INSTITUTE FOR TRANSFUSION MEDICINE (ITXM) IS THE "PARENT" ENTITY OF A HEALTH CARE SYSTEM DEDICATED TO PROVIDING BLOOD AND BLOOD-RELATED PRODUCTS AND SERVICES TO THE COMMUNITY. ITXM PROVIDES CERTAIN SERVICES FOR ITSELF AND FOR ITS AFFILIATED ORGANIZATIONS, INCLUDING ACCOUNTING, PURCHASING, HUMAN RESOURCES, QUALITY ASSURANCE, INFORMATION SYSTEMS, STRATEGIC PLANNING, EDUCATION, MAINTENANCE AND CORPORATE ADMINISTRTATION. THE CONSOLIDATION OF THESE SERVICES IN ONE ENTITY PROVIDES ECONOMIES OF SCALE AND EFFICIENCY SO AS TO IMPROVE THE DELIVERY OF COST EFFECTIVE HEALTH CARE TO THE COMMUNITY AT LARGE. ITXM PROVIDES TRAINING PROGRAMS FOR MEDICAL RESIDENTS AND FELLOWS IN THE AREAS OF TRANSFUSION MEDICINE AND COAGULATION. ITXM IS ALSO INVOLVED IN RESEARCH. ITXM MEDICAL STAFF PARTICIPATE IN IMPORTANT NATIONAL CLINICAL TRIALS IN BLOOD SAFETY, TRANSFUSION AND HEMOSTASIS. EDUCATING THE COMMUNITY IS ALSO A SERVICE PROVIDED BY ITXM. THROUGH AN ACTIVE SPEAKERS' BUREAU AND JOINT PROGRAMS WITH OTHER HEALTH CARE PROVIDERS, ITXM PRESENTS INFORMATION ON THE SAFETY OF BLOOD, BLOOD COMPONENT THERAPY, COAGULATION, THROMBOSIS AND OTHER PERTINENT TOPICS. SINCE IT IS ESTIMATED THAT TWO OUT OF FIVE PEOPLE WILL NEED A BLOOD TRANSFUSION AT SOME POINT IN THEIR LIVES, THESE EDUCATIONAL OPPORTUNITIES HELP CAREGIVERS, PATIENTS AND POTENTIAL RECIPIENTS OF THIS PRECIOUS RESOURCE UNDERSTAND THE BLOOD SUPPLY AND TRANSFUSION ISSUES AND ALLEVIATE SOME OF THE MISCONCEPTIONS RELATED TO TRANSFUSION MEDICINE.
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 | $5,367,258 | $8,569,227 | -0.4% |
| Expenses | $3,009,555 | $867,745 | +2.5% |
| Net Income | $2,357,703 | $7,701,482 | -0.7% |
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 |
|---|---|---|---|---|---|---|
| DAVID GREEN | DIRECTOR | 1.0 |
Director
|
$0 | $54,355 | $787,158 |
| BHAVI SHAH | GENERAL COUNSEL/ASST SECRETARY | 1.0 |
Officer
|
$0 | $56,725 | $460,113 |
| TANYA PERRY | CFO | 1.0 |
Officer
|
$0 | $32,637 | $434,922 |
| CHARLES WILCOX III | DIVISION PRESIDENT | 5.0 |
Officer
|
$0 | $36,349 | $397,101 |
| MARK J GIAQUINTO | FORMER SECY/TREAS, PRES. BSF | 0.0 |
|
$0 | $66,146 | $374,508 |
| JAMES R SCHRAITH | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $37,625 |
| ROBERT S COLE | CHAIR | 1.0 |
Officer
Director
|
$0 | $0 | $36,000 |
| JOHN S LEWIS | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $29,000 |
| PATRICIA ABREGO-SANTUC | VICE CHAIR | 1.0 |
Officer
Director
|
$0 | $0 | $27,250 |
| SUNNY P CHICO | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $22,500 |
| PAUL E STANDER MD | SECRETARY/TREASURER | 1.0 |
Officer
Director
|
$0 | $0 | $20,500 |
| RICHARD D MCHUGH MD | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2019 | $5,367,258 | $3,009,555 | No data | $2,357,703 |
| 2018 | $8,569,227 | $867,745 | $53,858,965 | $7,701,482 |
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