KENTUCKY BLOOD CENTER 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

1968

Legal Domicile

Principal Officer

WILLIAM REED

Phone

8592762534

Tax Period

2022-07-01 to 2023-06-30

KENTUCKY BLOOD CENTER INC, founded in 1968, is a mid-sized nonprofit in the Health Care sector that reported $34.5M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year.

Mission

AT KENTUCKY BLOOD CENTER, OUR MISSION IS TO ENSURE A SAFE AND ABUNDANT SUPPLY OF LIFEGIVING BLOOD TO THE HOSPITALS WE SERVE. WE ARE HERE TO SUPPORT OUR LOCAL COMMUNITIES IN ANY WAY THAT WE ARE ABLE BY BEING AN INTEGRAL AND VALUED PARTNER IN THE HEALTHCARE ARENA.

Program Service Accomplishments

Program 1

Expenses: $29,597,929 Revenue: $33,290,692

THE ORGANIZATION, A BLOOD BANK LOCATED IN LEXINGTON KENTUCKY, PROVIDES BLOOD AND BLOOD COMPONENTS TO APPROXIMATELY SEVENTY HOSPITALS AND CLINICS LOCATED IN CENTRAL AND EASTERN KENTUCKY. IT COLLECTS...

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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 $37,978

Program Service Revenue $33,290,692

Investment Income $891,429

Other Revenue $230,948

TOTAL REVENUE $34,451,047

Expense Breakdown

Grants Paid $57,065

Salaries & Benefits $15,823,598

Fundraising Expenses $0

Program Expenses $29,597,929

Other Expenses $17,880,633

TOTAL EXPENSES $33,761,296

Year-over-Year Comparison

	2022	2021	Change
Revenue	$34,451,047	$37,261,354	-0.1%
Expenses	$33,761,296	$34,031,954	0.0%
Net Income	$689,751	$3,229,400	-0.8%

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

342

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

$814,545

Total Directors

$497,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM REED	PRESIDENT/CEO	40.00	Officer Director	$439,105	$58,159	$497,264
DENNIS WILLIAMS	MEDICAL DIRECTOR	40.00	Director	$0	$0	$0
GREGORY ROBBINS MD	CHAIRMAN	0.30	Director	$0	$0	$0
DAVID BENSEMA MD	VICE CHAIRMAN	0.30	Director	$0	$0	$0
HARVIE WILKINSON	DIRECTOR	0.30	Director	$0	$0	$0
CHRISTINE MEECE MD	DIRECTOR	0.30	Director	$0	$0	$0
HUNT RAY	DIRECTOR	0.30	Director	$0	$0	$0
ELLEN WILLIAMS	DIRECTOR	0.30	Director	$0	$0	$0
ROBERT GRANACHER JR MD	DIRECTOR	0.30	Director	$0	$0	$0
LOWELL ANTHONY MD	DIRECTOR	0.30	Director	$0	$0	$0
DAVID TURNER	DIRECTOR	0.30	Director	$0	$0	$0
BARRY MAYFIELD	DIRECTOR	0.30	Director	$0	$0	$0
DANIEL MCMAHAN	DIRECTOR	0.30	Director	$0	$0	$0
SCOTT STEVENS MD	DIRECTOR	0.30	Director	$0	$0	$0
HARRY RICHART	DIRECTOR	0.30	Director	$0	$0	$0
MICHELE RIPLEY	DIRECTOR	0.30	Director	$0	$0	$0
AMANDA MAYS BLEDSOE	DIRECTOR	0.30	Director	$0	$0	$0
CHARLES PAPP MD	DIRECTOR	0.30	Director	$0	$0	$0
MAMATA MAJMUNDAR MD	DIRECTOR	0.30	Director	$0	$0	$0
LEE DOSSETT MD	LMS PRESIDENT	0.30	Director	$0	$0	$0
ANGELA DEARINGER MD	LMS PRESIDENT ELECT	0.30	Director	$0	$0	$0
MICHELLE VISH	CFO/VP	40.00	Officer	$179,367	$39,348	$218,715
JILL BALL	SECRETARY OF BOARD	40.00	Officer	$79,841	$18,725	$98,566
LIZ COUNTS	VP, TECHNICAL SERVICES	40.00	Highest	$146,667	$15,787	$162,454
JULIE HILLMAN	VP, HUMAN RESOURCES	40.00	Highest	$138,966	$15,550	$154,516
LISA HONAKER	VP, INFORMATION TECHNOLOGY	40.00	Highest	$143,603	$15,115	$158,718
KIM TURNER	VP, QUALITY AND REGULATORY	40.00	Highest	$126,763	$32,208	$158,971
MANDY BRAJUHA	VP, EXTERNAL RELATIONS	40.00	Highest	$127,013	$20,586	$147,599

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	No data	No data	No data	No data
2023	$34,451,047	$33,761,296	$46,435,046	$689,751
2022	$37,261,354	$34,031,954	$45,140,825	$3,229,400
2021	$36,301,055	$34,484,768	$45,903,202	$1,816,287
2020	$31,328,518	$31,067,301	$42,520,646	$261,217
2019	$33,241,641	$31,814,632	$39,674,946	$1,427,009
2018	$30,563,640	$28,775,556	$38,486,945	$1,788,084