The Blood Connection Inc

EIN: 570660489 501(c)(3) Health Care

Piedmont, SC

Total Revenue
$144,446,573
Total Expenses
$138,430,065
Total Assets
$101,949,398
Net Assets
$64,774,139
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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
SC
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

PROVIDE COMMUNITY BLOOD BANKING & TRANSFUSION MEDICINE AND CELLULAR TRANSPLANTATION SERVICES.

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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%)

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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

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Governance

Voting Members
12
Independent Members
12
Employees
1558
Volunteers
13

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
5
$833,330
Total Directors
13
$0
Key Employees
7
$1,845,142
Highest Compensated
5
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
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
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