Oklahoma Blood Institute

EIN: 731008735 501(c)(3) Health Care

Oklahoma City, OK

Total Revenue
$155,925,006
Total Expenses
$149,733,070
Total Assets
$119,943,961
Net Assets
$92,756,869
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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
OK
Phone
4052975700
Tax Period
2024-04-01 to 2025-03-31

Oklahoma Blood Institute, founded in 1977, is a major nonprofit in the Health Care sector that reported $155.9M in total revenue in fiscal year 2024. Expenses of $149.7M left a modest 4% surplus.

Mission

OKLAHOMA BLOOD INSTITUTE'S (OBI) MISSION IS TO BE THE DONOR-TO-PATIENT LIFELINE BY PROVIDING OUR COMMUNITIES AND MEDICAL PARTNERS SECURITY BY MEETING BLOOD TRANSFUSION AND HEALTH CARE NEEDS.

Program Service Accomplishments

Program 1
Expenses: $113,141,077 Revenue: $128,548,433

SERVICE FEES FOR BLOOD PRODUCTS: AS THE SIXTH-LARGEST BLOOD CENTER IN THE U.S, OBI COLLECTS, TESTS, PROCESSES, AND DISTRIBUTES MORE THAN 450,000 LIFE-SAVING BLOOD PRODUCTS ANNUALLY IN 16 BLOOD...

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SERVICE FEES FOR BLOOD PRODUCTS: AS THE SIXTH-LARGEST BLOOD CENTER IN THE U.S, OBI COLLECTS, TESTS, PROCESSES, AND DISTRIBUTES MORE THAN 450,000 LIFE-SAVING BLOOD PRODUCTS ANNUALLY IN 16 BLOOD DONATION CENTERS ACROSS OKLAHOMA, ARKANSAS, AND TEXAS. OUR COMPLEX TECHNOLOGICAL INFRASTRUCTURE AND RARE MEDICAL EXPERTISE ALLOW OBI TO PROVIDE SAFE AND ADEQUATE BLOOD TO PATIENTS AT MORE THAN 230 AREA HOSPITALS, MEDICAL FACILITIES, AND AIR AMBULANCES ACROSS ALL THREE STATES. OUR RIGOROUS SAFETY MEASURES AND THE TIRELESS EFFORTS OF OUR MEDICAL LABORATORY STAFF ENSURE THAT THE DONATED BLOOD IS SAFE AND AVAILABLE TO SAVE LIVES.

Program 2
Expenses: $10,562,469 Revenue: $10,216,229

TESTING SERVICES: WHILE MANY BLOOD CENTERS OUTSOURCE THEIR TESTING, OBI MAINTAINS AN INHOUSE TESTING LABORATORY TO PROVIDE A RAPID RESPONSE TO PROCESSING UNITS. WITH EVERY DONATION, OUR DILIGENT...

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TESTING SERVICES: WHILE MANY BLOOD CENTERS OUTSOURCE THEIR TESTING, OBI MAINTAINS AN INHOUSE TESTING LABORATORY TO PROVIDE A RAPID RESPONSE TO PROCESSING UNITS. WITH EVERY DONATION, OUR DILIGENT LABORATORY STAFF PERFORMS MULTIPLE TESTS TO ENSURE BLOOD PRODUCTS ARE SAFE AND READY TO BE TRANSFUSED TO LOCAL PATIENTS. AS A FULLY LICENSED AND CERTIFIED LABORATORY, OBI MAINTAINS THE HIGHEST STANDARDS AND LEADS THE NATION IN APPLYING CUTTING-EDGE TECHNOLOGY TO CREATE THE SAFEST BLOOD PRODUCTS POSSIBLE. OBI'S TESTING LABORATORY PROVIDES A WIDE SCOPE OF SAFETY TESTING FOR SEVERAL BLOOD-BORN CONDITIONS, LIKE HIV, HEPATITIS C, AND WEST NILE VIRUS, TO ENSURE BLOOD PRODUCTS ARE OF THE HIGHEST QUALITY. IF ANY SAMPLE IS POSITIVE FOR THESE ISSUES, OUR STAFF WILL NOTIFY THE DONOR AND REFER THEM FOR ADDITIONAL TESTING AND TREATMENT. AFTER THE BLOOD SAMPLE HAS BEEN CLEARED, ADDITIONAL HEALTH SCREENING TESTING IS PERFORMED. FOR EXAMPLE, WE TEST THE CHOLESTEROL LEVEL OF EVERY DONOR AS PART OF OUR STANDARD DONATION PROCESS. IN ADDITION TO OUR ROUTINE TESTING OF UNITS FOR OUR HOSPITAL PARTNERS, WE ALSO WORK TOGETHER TO ASSIST OTHER BLOOD CENTERS, CLINICS, AND ORGAN DONATION ORGANIZATIONS WITH NEEDED TESTING. OUR LABORATORY'S TECHNOLOGY PROVIDES THESE CLIENTS WITH THE IMPECCABLY EFFICIENT TURNAROUND REQUIRED FOR HIGHLY SPECIALIZED BLOOD TESTING. MAINTAINING STRICT AABB-ACCREDITATION AND FDA-LICENSING STANDARDS, OUR LAB PROVIDES NUCLEIC ACID TESTING AND SEROLOGICAL AND VIRAL MARKER SCREENING TESTS, INCLUDING A WIDE RANGE OF SCREENING ASSAYS. CONFIRMATORY/SUPPLEMENTAL ASSAYS AND REFERRAL TESTING SERVICES ARE ALSO OFFERED.

Program 3
Expenses: $3,333,337 Revenue: $6,953,758

PATIENT CARE REVENUE: THERAPEUTIC APHERESIS SERVICES FOR PATIENTS AT AREA HOSPITALS ARE PROVIDED BY SPECIALLY TRAINED REGISTERED NURSES UNDER THE DIRECTION OF TRANSFUSION MEDICINE PHYSICIANS...

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PATIENT CARE REVENUE: THERAPEUTIC APHERESIS SERVICES FOR PATIENTS AT AREA HOSPITALS ARE PROVIDED BY SPECIALLY TRAINED REGISTERED NURSES UNDER THE DIRECTION OF TRANSFUSION MEDICINE PHYSICIANS. PATIENTS UNDERGO TREATMENTS THAT REMOVE HARMFUL PROTEINS, CHEMICALS OR CELLS IN THE BLOOD THAT CONTRIBUTE TO A VARIETY OF LIFE-THREATENING DISEASES OR TRANSPLANT COMPLICATIONS. BASED ON PATIENTS' CONDITIONS, SPECIFIC OFFENDING AGENTS OR COMPONENTS OF THE BLOOD ARE ISOLATED AND IRRADIATED OR REMOVED. AFTER THIS INTRICATE PROCESSING, PATIENTS RECEIVE THEIR TREATED BLOOD TO RESTORE HEALTH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,766,490
Program Service Revenue $146,555,189
Investment Income $5,226,361
Other Revenue $1,376,966
TOTAL REVENUE $155,925,006

Expense Breakdown

Grants Paid $501,053
Salaries & Benefits $80,121,198
Fundraising Expenses $0
Program Expenses $127,537,936
Other Expenses $69,110,819
TOTAL EXPENSES $149,733,070

Year-over-Year Comparison

2024 2023 Change
Revenue $155,925,006 $146,202,331 +0.1%
Expenses $149,733,070 $140,507,319 +0.1%
Net Income $6,191,936 $5,695,012 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
18
Employees
1406
Volunteers
4350

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
13
$3,857,334
Total Directors
24
$1,321,190
Key Employees
4
$987,851
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David R Carpenter Board Vice Chairman 3.0
Officer Director
$0 $0 $0
John B Armitage MD President & CEO 50.0
Officer Director
$830,992 $79,913 $910,905
Randall G Stark Treasurer & CFO 50.0
Officer Director
$310,664 $50,121 $360,785
Richard Boatsman MD Board Chairman 3.0
Officer Director
$0 $0 $0
Craig Sperry Director 1.0
Director
$0 $0 $0
David A Flack Director 1.0
Director
$0 $0 $0
Evan Vincent Director 1.0
Director
$12,000 $0 $12,000
Frank Barnett Director 1.0
Director
$0 $0 $0
Garland Wilkinson Director 2.0
Director
$0 $0 $0
Gary L Patzkowsky DO Director 1.0
Director
$0 $0 $0
Gary Mitchell Director 1.0
Director
$0 $0 $0
Henry J Hood Director 1.0
Director
$12,000 $0 $12,000
Jay A Gregory Director 1.0
Director
$0 $0 $0
Joe M Hodges Director 2.0
Director
$1,500 $0 $1,500
Judy G Parker Director 1.0
Director
$0 $0 $0
Kristi R Weaber Director 2.0
Director
$0 $0 $0
Kym Koch-Thompson Director 1.0
Director
$0 $0 $0
Larry Bookman MD Director 3.0
Director
$12,000 $0 $12,000
Michelle Powers Director 1.0
Director
$0 $0 $0
Paul Stout Director 1.0
Director
$0 $0 $0
Randal C Juengel MD Director 2.0
Director
$12,000 $0 $12,000
Scott Calhoon Director 2.0
Director
$0 $0 $0
Theodore Violett Associate Director 1.0
Director
$0 $0 $0
W H Oehlert Director 1.0
Director
$0 $0 $0
Charles Mooney Vice Pres-Bio Development 50.0
Officer
$223,923 $61,590 $285,513
Jason L Padgham Vice Pres-Technical Operations (END: 5/3/24) 50.0
Officer
$143,364 $17,909 $161,273
John N Marcellus Chief Information Officer 50.0
Officer
$214,142 $52,343 $266,485
Kimberly J Van Antwerpen Chief Operations Officer 50.0
Officer
$311,410 $37,547 $348,957
Laura S McClannan Vice Pres-Quality Mgmt 50.0
Officer
$219,634 $28,593 $248,227
Marlena E Frye Vice Pres-Donor Services 50.0
Officer
$169,408 $43,277 $212,685
Tamara J Kirkwood Vice Pres-CR & DR 50.0
Officer
$220,318 $29,934 $250,252
Terry Ridenour Vice Pres-Center Admin & Ops 50.0
Officer
$208,199 $30,801 $239,000
Walter J Linz Chief Medical Officer 50.0
Officer
$451,766 $121,486 $573,252
Joseph R McNeil Vice Pres-Human Resources 50.0
Key Emp
$183,346 $40,214 $223,560
Justin R Redwine Chief Technology Officer 50.0
Key Emp
$181,065 $58,704 $239,769
Michael E Stevenson Medical Director 50.0
Key Emp
$271,367 $29,055 $300,422
Tara N Scott Vice Pres-Marketing & Communications 50.0
Key Emp
$182,649 $41,451 $224,100
Andrew Schneider Associate Vice Pres-Comm Systems 50.0
Highest
$166,305 $27,911 $194,216
Brandon Baker Associate Vice Pres - DR & Center Ops 50.0
Highest
$147,309 $22,868 $170,177
John E Krischel Director-Service Delivery 50.0
Highest
$142,479 $22,266 $164,745
Michelle L Stewart Controller 50.0
Highest
$164,841 $36,198 $201,039
Randel Petty Executive Director-Client Relations 50.0
Highest
$141,157 $27,668 $168,825
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 $155,925,006 $149,733,070 $119,943,961 $6,191,936
2024 $146,202,331 $140,507,319 $115,110,930 $5,695,012
2023 $138,131,932 $133,319,786 $107,891,650 $4,812,146
2022 $135,084,699 $128,376,114 $100,987,193 $6,708,585
2021 $144,930,726 $123,847,115 $95,667,966 $21,083,611
2020 $117,823,998 $114,320,892 $76,132,218 $3,503,106
2019 $108,695,066 $104,973,186 $70,238,299 $3,721,880
2018 $103,379,574 $101,608,929 $66,891,279 $1,770,645
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