BLOOD ASSURANCE 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

1970

Legal Domicile

Principal Officer

JB GASKINS

Phone

4237560966

Tax Period

2023-01-01 to 2023-12-31

BLOOD ASSURANCE INC, founded in 1970, is a mid-sized nonprofit in the Health Care sector that reported $44.6M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $40.0M left a modest 10% surplus.

Mission

THE ORGANIZATION IS A REGIONAL BLOOD BANK. IT DRAWS BLOOD FROM AN ALL VOLUNTEER DONOR BASE AND PROVIDES THE BLOOD AND BLOOD PRODUCTS TO THE HEALTH CARE FACILITIES IT SERVES.

Program Service Accomplishments

Program 1

Expenses: $34,367,724 Revenue: $42,503,924

DURING 2023, BLOOD ASSURANCE INTERVIEWED 114,509 INDIVIDUALS TO SUPPORT ITS LIFE SAVING MISSION OF PROVIDING BLOOD AND BLOOD PRODUCTS TO THE COMMUNITIES IT SERVES. FROM THESE DONOR INTERACTIONS, THE COMPANY PRODUCED 118,414 UNITS OF BLOOD COMPONENTS THAT WERE PROVIDED TO THE APPROXIMATELY 72 HEALTH CARE FACILITIES IN THE 60 COUNTIES SERVED IN TENNESSEE, GEORGIA, ALABAMA,KENTUCKY, AND NORTH CAROLINA. EACH DAY 560+ DONORS MUST BE SEEN IN ORDER TO COLLECT ENOUGH PRODUCT TO SUPPLY ITS CUSTOMERS. THIS IS ACCOMPLISHED BY A COMBINATION OF FIXED LOCATIONS (15) AND MOBILE BUSES (19) THAT ALLOW AN ALL-VOLUNTEER DONOR BASE TO INSURE BLOOD PRODUCTS ARE (CONTINUED ON SCHEDULE O)

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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 $509,929

Program Service Revenue $42,503,924

Investment Income $1,204,502

Other Revenue $351,104

TOTAL REVENUE $44,569,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,403,203

Fundraising Expenses $0

Program Expenses $34,367,724

Other Expenses $22,606,752

TOTAL EXPENSES $40,009,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,569,459	$36,146,635	+0.2%
Expenses	$40,009,955	$37,931,268	+0.1%
Net Income	$4,559,504	$-1,784,633	-3.6%

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

415

Volunteers

N/A

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

$1,198,697

Total Directors

$304,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JB GASKINS	CEO	40.00	Officer Director	$291,584	$12,966	$304,550
DR ELIZABETH CULLER	CMO	40.00	Officer	$273,061	$14,957	$288,018
GORDON SMITH	CFO	40.00	Officer	$207,980	$8,685	$216,665
JENNIFER REYNOLDS	CAO	40.00	Officer	$156,495	$7,121	$163,616
KEITH SOSEBEE	IT DIRECTOR	40.00	Highest	$124,495	$9,156	$133,651
CHRISTOPHER SWAFFORD	COO	40.00	Officer	$119,211	$1,868	$121,079
CHARLES WOUTERS	NURSE DIRECT	40.00	Highest	$106,349	$8,489	$114,838
CHRISTINE JONES	VP TECHNICAL	40.00	Officer	$101,567	$3,202	$104,769
REBECCA ASHFORD	DIRECTOR	1.00	Director	$0	$0	$0
DEWAYNE BELEW	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY BOYD	DIRECTOR	1.00	Director	$0	$0	$0
STEVE COPE	DIRECTOR	1.00	Director	$0	$0	$0
DR THEODORE FEINTUCH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GERM	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PATRICK HARLAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HENSON	DIRECTOR	1.00	Director	$0	$0	$0
DAN JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
DR WILLIAM ROCK JR	DIRECTOR	1.00	Director	$0	$0	$0
BERNIE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MAIN	DIRECTOR	1.00	Director	$0	$0	$0
FRED MOORE	SECRETARY	1.00	Officer Director	$0	$0	$0
DAMON RAINES	DIRECTOR	1.00	Director	$0	$0	$0
RICK REYNOLDS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DANNY WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0

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	$44,569,459	$40,009,955	$39,735,723	$4,559,504
2022	$36,146,635	$37,931,268	$36,513,788	$-1,784,633
2021	$39,790,129	$36,078,281	$35,720,753	$3,711,848
2020	$31,416,957	$30,145,232	$33,813,047	$1,271,725
2019	$25,753,730	$24,178,795	$28,472,525	$1,574,935
2018	$26,028,349	$24,625,150	$24,940,072	$1,403,199