The Blood Connection Inc

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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

1979

Legal Domicile

Phone

8642555000

Tax Period

2023-09-01 to 2024-08-31

The Blood Connection Inc, founded in 1979, is a major nonprofit in the Health Care sector that reported $144.4M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $138.4M left a modest 4% surplus.

Mission

HEALTHCARE PARTNERS SUPPORTED BY ADEQUATE, SAFE, COST-EFFECTIVE BLOOD SUPPLIES AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $92,017,345 Revenue: $139,616,344

BLOOD DONOR PROGRAM: ALLOGENEIC WHOLE BLOOD DONOR PROGRAM: AFFORDS FREE OPPORTUNITY FOR PATRONS TO PARTICIPATE IN COMMUNITY SERVICE IN THE FORM OF VOLUNTARY WHOLE BLOOD DONATIONS. FOR DONORS - EARLY DETECTION & TREATMENT OPPORTUNITY FOR HIGH BLOOD PRESSURE, ANEMIA, ABNORMAL PULSE RATE AND OTHER ILLNESSES FOUND DURING BLOOD DONOR SCREENING. AUTOLOGOUS BLOOD PROGRAM: AFFORDS FREE OPPORTUNITY FOR PATIENTS TO PROVIDE THEIR OWN BLOOD IN ADVANCE OF MEDICAL TREATMENT. REDUCTION IN DEMAND ON COMMUNITY BLOOD SUPPLY, REDUCED RISK OF TRANSFUSION TRANSMITTED DISEASE. DIRECTED BLOOD DONOR PROGRAM: AFFORDS OPPORTUNITY FOR PATIENTS TO DESIGNATE DONORS OF THE BLOOD FOR THE PATIENTS TRANSFUSIONS. AUTOMATED COLLECTION APHERESIS (PLATELET, PLASMA & RBC) DONOR PROGRAM: AFFORDS FREE OPPORTUNITY FOR PATRONS TO PARTICIPATE IN COMMUNITY SERVICE IN THE FORM OF VOLUNTARY, AUTOMATED DONATIONS. THERAPEUTIC SERVICE PROGRAM: PROVIDES FREE THERAPEUTIC PHLEBOTOMY FOR PATIENTS WITH BLOOD DISORDERS SUCH A POLYCYTHEMIA AND HEMOCHROMATOSIS.

Program 2

Expenses: $19,813,944

BLOOD PROCESSING STORAGE AND DISTRIBUTION: PROVISION OF BLOOD COMPONENTS TO HEALTHCARE PROVIDERS: ON A FEE FOR SERVICE BASIS, PREPARATION AND DISTRIBUTION OF BLOOD COMPONENTS TO HOSPITALS, CLINICS...

BLOOD PROCESSING STORAGE AND DISTRIBUTION: PROVISION OF BLOOD COMPONENTS TO HEALTHCARE PROVIDERS: ON A FEE FOR SERVICE BASIS, PREPARATION AND DISTRIBUTION OF BLOOD COMPONENTS TO HOSPITALS, CLINICS, DIALYSIS CENTERS, BLOOD BANKS, AND BLOOD FRACTIONATORS. GOAL: PREPARE BLOOD COMPONENTS AND DISTRIBUTE ACCORDING TO NEEDS OF HEALTHCARE CLIENTS. MAINTAIN CONSISTENT (5-7 DAY SUPPLY) INVENTORY OF ALL TYPES UNITS OF PLASMA DISTRIBUTED FOR BLOOD DERIVATIVE PREPARATION. COST CONTAINMENT FOR HEALTHCARE OF BLOOD COMPONENTS, FOR HEALTHCARE CLIENTS, NUMBER OF PATIENT BENEFICIARIES, DERIVED HEALTH BENEFITS, LIVES SAVED.

Program 3

Expenses: $18,251,865 Revenue: $2,129,147

LABORATORY AND CELLULAR SERVICES: DONATED BLOOD TESTING PROGRAM: USES LABORATORY SEROLOGIC, CHEMISTRY, AND INFECTIOUS DISEASE ASSAYS TO ASSESS THE SUITABILITY OF DONATED BLOOD, PLATELETS AND PLASMA. FOR DONORS DETECTION OF INFECTIOUS DISEASE FOR WHICH DONOR MAY SEEK TREATMENT. POSITIVE PUBLIC HEALTH CONSEQUENCES OF DISEASE DETECTION, PARTNER NOTIFICATION, EXPOSURE CONTROL.

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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 $20,191

Program Service Revenue $143,925,563

Investment Income $488,299

Other Revenue $12,520

TOTAL REVENUE $144,446,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,793,792

Fundraising Expenses $0

Program Expenses $130,647,349

Other Expenses $84,636,273

TOTAL EXPENSES $138,430,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$144,446,573	$118,297,630	+0.2%
Expenses	$138,430,065	$114,124,812	+0.2%
Net Income	$6,016,508	$4,172,818	+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

1558

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

$833,330

Total Directors

Key Employees

$1,845,142

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chairperson	2.0	Officer Director	$0	$0	$0
N/A	Secretary	2.0	Officer Director	$0	$0	$0
N/A	Vice Chair	2.0	Officer Director	$0	$0	$0
N/A	Trustee	2.0	Director	$0	$0	$0
N/A	Trustee	2.0	Director	$0	$0	$0
N/A	Trustee	2.0	Director	$0	$0	$0
N/A	Trustee	2.0	Director	$0	$0	$0
N/A	Trustee	2.0	Director	$0	$0	$0
N/A	Trustee	2.0	Director	$0	$0	$0
N/A	Trustee (term ended Dec 2023)	2.0	Director	$0	$0	$0
N/A	Trustee	2.0	Director	$0	$0	$0
N/A	Trustee	2.0	Director	$0	$0	$0
N/A	Trustee	2.0	Director	$0	$0	$0
N/A	President/CEO	40.0	Officer	$471,899	$42,602	$514,501
N/A	CFO	40.0	Officer	$269,561	$49,268	$318,829
N/A	Executive VP/COO	40.0	Key Emp	$364,267	$42,229	$406,496
N/A	VP/Chief Quality Officer	40.0	Key Emp	$246,694	$24,759	$271,453
N/A	VP of Clinical Support	40.0	Key Emp	$191,577	$16,051	$207,628
N/A	Sr Director of HR	40.0	Key Emp	$174,942	$19,652	$194,594
N/A	Executive VP/Chief Technical Officer	40.0	Key Emp	$293,140	$37,611	$330,751
N/A	Divisional Director III	40.0	Key Emp	$169,892	$25,078	$194,970
N/A	VP of Operational Support	40.0	Key Emp	$201,241	$38,009	$239,250
N/A	Senior Director of Donor Resources	40.0	Highest	$122,609	$5,849	$128,458
N/A	Sr Director of Technical Services	40.0	Highest	$147,505	$31,889	$179,394
N/A	Regional Director	40.0	Highest	$144,590	$21,756	$166,346
N/A	Director of Donor Resources	40.0	Highest	$121,825	$8,332	$130,157
N/A	Divisional Director II	40.0	Highest	$146,775	$32,945	$179,720

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	No data	No data	No data	No data
2024	$144,446,573	$138,430,065	$101,949,398	$6,016,508
2023	$118,297,630	$114,124,812	$89,385,846	$4,172,818
2022	$98,048,523	$93,545,312	$72,423,076	$4,503,211
2021	$99,339,992	$88,042,897	$70,119,104	$11,297,095
2020	$71,973,109	$70,841,417	$61,532,414	$1,131,692
2019	$60,638,522	$59,130,277	$51,912,327	$1,508,245