THE BLOOD CENTER (EIN 720725401) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1960

Legal Domicile

Principal Officer

WILLIAM BILLY WEALES

Phone

5045241322

Tax Period

2024-01-01 to 2024-12-31

THE BLOOD CENTER, founded in 1960, is a mid-sized nonprofit in the Health Care sector that reported $28.0M in total revenue in fiscal year 2024. Expenses of $26.0M left a modest 7% surplus.

Mission

THE BLOOD CENTER IS A NON-PROFIT, COMMUNITY SERVICE ORGANIZATION (CONTINUED ON SCHEDULE O)

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,787

Program Service Revenue $27,701,095

Investment Income $316,656

Other Revenue $-28,562

TOTAL REVENUE $27,990,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,072,791

Fundraising Expenses $0

Program Expenses $21,159,005

Other Expenses $14,917,306

TOTAL EXPENSES $25,990,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,990,976	$26,309,432	+0.1%
Expenses	$25,990,097	$24,264,365	+0.1%
Net Income	$2,000,879	$2,045,067	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

247

Volunteers

34533

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

$588,965

Total Directors

$588,965

Key Employees

$156,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM C WEALES	DIRECTOR, PRESIDENT & CEO	50.00	Officer Director	$489,879	$99,086	$588,965
BRYAN BODE	DIRECTOR	1.00	Director	$0	$0	$0
MONIQUE BARIEL-CAREY	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SALLES	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DONELON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WORLEY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT TREUTING MD	DIRECTOR	1.00	Director	$0	$0	$0
DRMATTHEW STARK	DIRECTOR	1.00	Director	$0	$0	$0
DRJENNIFER AVEGNO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BALES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRET CLESI	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
PETER WANEK	DIRECTOR	1.00	Director	$0	$0	$0
RONALD R UPDEGRAFF	DIRECTOR, BOARD TREASURER	1.00	Officer Director	$0	$0	$0
PAUL D BERGERON	DIRECTOR, BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
DR JOSHIA LOWENTRITT	DIRECTOR	1.00	Director	$0	$0	$0
NADIA DE LA HOUSSAYE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN ROTOLO	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY PETERSON	MEDICAL DIRECTOR & VICE PRESIDENT	50.00	Key Emp	$156,000	$0	$156,000
GARY HIGGINS	VP OF ADMINISTRATION	40.00	Highest	$146,104	$868	$146,972
CARRIE MADONA	VP OF FINANCE	40.00	Highest	$160,438	$5,499	$165,937
CHRISTOPHER BARR	LAB DIRECTOR	40.00	Highest	$138,147	$5,526	$143,673
KIM BOSENBERG	IT DIRECTOR	40.00	Highest	$101,502	$7,747	$109,249
MICHAEL LOTTINGER	BIOMEDICAL TECH	40.00	Highest	$101,723	$0	$101,723

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	$27,990,976	$25,990,097	$48,477,729	$2,000,879
2023	$26,309,432	$24,264,365	$44,641,960	$2,045,067
2022	$25,375,359	$24,609,274	$40,306,027	$766,085
2021	$29,196,381	$26,707,447	$41,493,296	$2,488,934
2020	$30,777,141	$26,579,389	$37,773,703	$4,197,752
2019	$29,929,059	$26,930,730	$32,293,814	$2,998,329
2018	$27,252,314	$25,606,242	$30,793,228	$1,646,072

THE BLOOD CENTER