The Blood Center Foundation of the… - Form 990 Financial Data

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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

2013

Legal Domicile

Principal Officer

Tricia Cheevers

Phone

5092324557

Tax Period

2023-01-01 to 2023-12-31

The Blood Center Foundation of the Inland Northwest, founded in 2013, is a small nonprofit in the Health Care sector that reported $176K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $199K exceeded revenue, resulting in a 13% operating deficit.

Mission

The Blood Center Foundation Inland Northwest exists for the purpose of directly and indirectly supporting the charitable, educational and other tax-exempt activities of Vitalant in Spokane, WA and its surrounding community.

Program Service Accomplishments

Program 1

Expenses: $127,561

Identify and cultivate potential donors, receive contributions in support of the mission, oversee investment of the endowment, review grant requests, and distribute funds to those grant recipients...

Identify and cultivate potential donors, receive contributions in support of the mission, oversee investment of the endowment, review grant requests, and distribute funds to those grant recipients chosen from the selection process.

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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 $136,679

Program Service Revenue $0

Investment Income $144,622

Other Revenue $-105,751

TOTAL REVENUE $175,550

Expense Breakdown

Grants Paid $3,750

Salaries & Benefits $138,758

Fundraising Expenses $0

Program Expenses $127,561

Other Expenses $56,207

TOTAL EXPENSES $198,715

Year-over-Year Comparison

	2023	2022	Change
Revenue	$175,550	$357,376	-0.5%
Expenses	$198,715	$396,130	-0.5%
Net Income	$-23,165	$-38,754	-0.4%

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

N/A

Volunteers

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

$110,608

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Dittman JR MD	Board Chair (Jan-Oct)	2.00	Officer Director	$0	$0	$0
Christopher Montague MD	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
Jennifer Hawkins	Director	2.00	Director	$0	$0	$0
Sid Kasuga PhD	Director	2.00	Director	$0	$0	$0
Jolene Severs	Director (Feb-Dec)	2.00	Director	$0	$0	$0
Jennifer Bruna	Director (May-Dec)	2.00	Director	$0	$0	$0
Patrick Schmidt	Director (May-Dec)	2.00	Director	$0	$0	$0
Vanessa Shafer	Director (May-Dec)	2.00	Director	$0	$0	$0
Tricia Cheevers	Executive Director	40.00	Officer	$0	$15,924	$110,608

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
2024	No data	No data	No data	No data
2023	$175,550	$198,715	$8,673,266	$-23,165
2022	$357,376	$396,130	$7,832,882	$-38,754
2021	$520,012	$480,233	$9,374,420	$39,779
2020	$190,913	$528,086	$8,943,889	$-337,173
2019	$162,728	$542,779	$8,753,628	$-380,051
2018	$332,892	$534,054	$8,346,195	$-201,162

The Blood Center Foundation of the Inland Northwest