NATIONAL BLOOD FOUNDATION RESEARCH… - 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

1997

Legal Domicile

Principal Officer

DEBRA BENAVRAM

Phone

3019076977

Tax Period

2022-01-01 to 2022-10-02

NATIONAL BLOOD FOUNDATION RESEARCH AND EDUCATION TRUST FUND, founded in 1997, is a small nonprofit that reported $477K in total revenue in fiscal year 2022. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $843K exceeded revenue, resulting in a 77% operating deficit.

Mission

THE NBFRET'S PURPOSES ARE TO ENGAGE IN THE FOLLOWING ACTIVITIES AS A SUPPORTING ORGANIZATION OF THE AMERICAN ASSOCIATION OF BLOOD BANKS, A PUBLIC 501(C)(3) CHARITABLE ORGANIZATION ("AABB"): (I) TO FUND RESEARCH, EDUCATION, AND TRAINING IN ALL ASPECTS OF BLOOD BANKING; TRANSFUSION MEDICINE; HEMATOPOIETIC, CELLULAR, AND GENE THERAPIES; AND TISSUE TRANSPLANTATION; (II) TO ENCOURAGE THE VOLUNTARY DONATION OF BLOOD AND OTHER TISSUES AND ORGANS THROUGH EDUCATION, DISSEMINATION OF PUBLIC INFORMATION AND RESEARCH; (III) TO ENCOURAGE THROUGH RESEARCH AND EDUCATION THE MOST APPROPRIATE USE OF BLOOD AND BLOOD DERIVATIVES; (IV) TO IMPROVE THE QUALITY OF TRANSFUSIONS BY ENCOURAGING EDUCATION AND RESEARCH REGARDING THE APPROPRIATE MEANS OF ENSURING THE SAFEST TRANSFUSIONS POSSIBLE; AND (V) TO ACTIVELY SUPPORT RESEARCH AND EDUCATION THROUGH ITS OWN PROGRAMS AND WORK WITH OTHER ORGANIZATIONS IN AREAS OF RESEARCH AND EDUCATION IN BLOOD BANKING.

Program Service Accomplishments

Program 1

Expenses: $778,820

GRANT AWARDS:TEN (10) GRANTS WERE AWARDED TO TEN (10) PRINCIPAL INVESTIGATORS AT TEN (10) INSTITUTIONS FOR EARLY-CAREER SCIENTIFIC RESEARCH AND STRATEGIC RESEARCH AND EDUCATION. THE RESEARCH FINDINGS ARE PUBLISHED BY AMERICAN ASSOCIATION OF BLOOD BANKS AND OTHER BLOOD TRANSFUSION AND SCIENTIFIC JOURNALS AND PERIODICALS.

Program 2

IN JULY OF EACH YEAR, A "REQUEST FOR PROPOSALS NOTICE IS ISSUED FOR THE SCIENTIFIC RESEARCH GRANT PROGRAM, IN THE FIELDS OF TRANSFUSION MEDICINE, CELLULAR THERAPIES AND PATIENT BLOOD MANAGEMENT...

IN JULY OF EACH YEAR, A "REQUEST FOR PROPOSALS NOTICE IS ISSUED FOR THE SCIENTIFIC RESEARCH GRANT PROGRAM, IN THE FIELDS OF TRANSFUSION MEDICINE, CELLULAR THERAPIES AND PATIENT BLOOD MANAGEMENT. APPLICATIONS ARE ACCEPTED FROM JULY THROUGH DECEMBER 1ST. IN OCTOBER, THE GRANT PROGRAM IS MARKETED DURING THE AABB ANNUAL MEETING AND IT OFFERS CME CREDITS FOR ATTENDEES TO THE GRANT RECIPIENTS' LECTURE AND LUNCHEON WHERE THREE PRIOR GRANT RECIPIENTS PRESENT THEIR RESEARCH. BASED UPON THE RESEARCH PROJECT AREAS SUBMITTED, THE GRANT REVIEW COMMITTEE CHAIR DEVELOPS THE COMMITTEE TO ENSURE THAT THE COMMITTEE CONSISTS OF THE EXPERTISE NEEDED TO REVIEW THE SUBMITTED RESEARCH. THE APPLICATION REVIEW PROCESS BEGINS AT THE FIRST OF THE YEAR.

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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 (2022)

Revenue Breakdown

Contributions & Grants $476,525

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $476,525

Expense Breakdown

Grants Paid $750,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $778,820

Other Expenses $93,167

TOTAL EXPENSES $843,167

Year-over-Year Comparison

	2022	2021	Change
Revenue	$476,525	$616,602	-0.2%
Expenses	$843,167	$592,403	+0.4%
Net Income	$-366,642	$24,199	-16.2%

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

$681,424

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HROUDA	CHAIR	2.00	Officer Director	$0	$0	$0
JOSE A CANCELAS PEREZ	TRUSTEE	1.00	Director	$0	$0	$0
COL G MICHAEL FITZPATRICK	TRUSTEE	1.00	Director	$0	$0	$0
KEENYN MCFARLANE	TRUSTEE	1.00	Director	$0	$0	$0
AARON TOBIAN	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE WEATHERSBY	TRUSTEE	1.00	Director	$0	$0	$0
BRADLEY KENDREX	TRUSTEE	1.00	Director	$0	$0	$0
MARY VEAZIE	TRUSTEE	1.00	Director	$0	$0	$0
KARINA YAZDANBAKHSH	TRUSTEE	1.00	Director	$0	$0	$0
DEBRA BENAVRAM	CEO	2.00	Officer	$0	$11,294	$681,424

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
2022	$476,525	$843,167	No data	$-366,642
2021	$616,602	$592,403	$19,338,197	$24,199
2020	$1,392,280	$873,026	$17,478,142	$519,254
2019	$920,057	$666,413	$15,867,222	$253,644
2018	$1,082,754	$786,718	$13,474,808	$296,036

NATIONAL BLOOD FOUNDATION RESEARCH AND EDUCATION TRUST FUND