GULF COAST REGIONAL BLOOD CENTER

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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

1974

Legal Domicile

Principal Officer

ERIC EATON

Phone

7137916203

Tax Period

2024-01-01 to 2024-12-31

GULF COAST REGIONAL BLOOD CENTER, founded in 1974, is a major nonprofit in the Health Care sector that reported $132.7M in total revenue in fiscal year 2024. Expenses of $124.3M left a modest 6% surplus.

Mission

TO MAINTAIN AND SUPPORT A REGIONAL BLOOD SUPPLY TO SERVICE PRIMARILY THE NEEDS OF PATIENTS AND DONORS IN THE AREAS WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $96,656,275 Revenue: $107,560,977

TRANSFUSION SERVICES - GULF COAST REGIONAL BLOOD CENTER ("THE BLOOD CENTER OR "GCB") COLLECTED OVER 323,000 UNITS OF BLOOD AND BLOOD COMPONENTS FROM VOLUNTARY DONORS. WE SHIPPED MORE THAN 358,000...

TRANSFUSION SERVICES - GULF COAST REGIONAL BLOOD CENTER ("THE BLOOD CENTER OR "GCB") COLLECTED OVER 323,000 UNITS OF BLOOD AND BLOOD COMPONENTS FROM VOLUNTARY DONORS. WE SHIPPED MORE THAN 358,000 UNITS TO AREA HOSPITALS AND SURGICAL CENTERS. IN 2024, GULF COAST REGIONAL BLOOD CENTER RECEIVED $435,150 OF IN-KIND CONTRIBUTIONS IN SUPPORT OF ITS PROGRAMS. THIS SUPPORT IS IN ADDITION TO THE $107,560,977 OF REVENUE SHOWN ABOVE.

Program 2

Expenses: $15,834,482 Revenue: $17,620,919

THE BLOOD CENTER PERFORMS 14 DIFFERENT TESTS ON EVERY UNIT OF BLOOD COLLECTED. OUR CONSULTATION AND REFERENCE LABORATORY SERVE AS A COMPATIBILITY TESTING SERVICE AND PROVIDES SUITABLE, SAFE AND...

THE BLOOD CENTER PERFORMS 14 DIFFERENT TESTS ON EVERY UNIT OF BLOOD COLLECTED. OUR CONSULTATION AND REFERENCE LABORATORY SERVE AS A COMPATIBILITY TESTING SERVICE AND PROVIDES SUITABLE, SAFE AND EFFECTIVE BLOOD AND BLOOD COMPONENTS FOR TRANSFUSION TO PATIENTS IN OVER 100 FACILITIES. THE LABORATORY ALSO FUNCTIONS AS A REFERENCE LABORATORY FOR CLIENTS AND AREA HOSPITALS PERFORMING AND EVALUATING A WIDE VARIETY OF TESTS TO RESOLVE COMPLEX SEROLOGICAL PATIENT PROBLEMS. CONSULTATION AND REFERENCE ALSO REGISTERS RARE DONORS WITH THE AMERICAN RARE DONOR PROGRAM (ARDP) AND PROVIDES AND RECEIVES RARE UNITS THROUGH ARDP.

Program 3

Expenses: $2,394,154 Revenue: $2,664,261

CELLULAR THERAPY SERVICES - THE BLOOD CENTER PERFORMS SPECIALIZED CELLULAR COLLECTIONS BY APHERESIS FOR PATIENTS WITH SPECIFIC TYPES OF CANCERS, INFECTIOUS DISEASES, AND AUTOIMMUNE DISORDERS. THE...

CELLULAR THERAPY SERVICES - THE BLOOD CENTER PERFORMS SPECIALIZED CELLULAR COLLECTIONS BY APHERESIS FOR PATIENTS WITH SPECIFIC TYPES OF CANCERS, INFECTIOUS DISEASES, AND AUTOIMMUNE DISORDERS. THE COLLECTED PRODUCTS ARE FURTHER MODIFIED BY BIOMEDICAL COMPANIES FOR REINFUSION TO THE PATIENTS AS A MEANS OF DISEASE TREATMENT OR DEVELOPMENT OF NOVEL THERAPEUTICS AND ADVANCED TREATMENT REGIMENS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $526,131

Program Service Revenue $127,846,157

Investment Income $3,586,583

Other Revenue $696,442

TOTAL REVENUE $132,655,313

Expense Breakdown

Grants Paid $114,432

Salaries & Benefits $65,447,802

Fundraising Expenses $0

Program Expenses $114,884,911

Other Expenses $58,779,982

TOTAL EXPENSES $124,342,216

Year-over-Year Comparison

	2024	2023	Change
Revenue	$132,655,313	$125,814,644	+0.1%
Expenses	$124,342,216	$115,118,787	+0.1%
Net Income	$8,313,097	$10,695,857	-0.2%

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

959

Volunteers

357

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

$2,450,402

Total Directors

$1,306,021

Key Employees

$913,714

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH A HARTWELL	CMO	50.00	Officer Director	$493,039	$36,557	$529,596
NIKHIL NAYAK	PRESIDENT/CEO	50.00	Officer Director	$597,816	$30,132	$627,948
BRIAN G GANNON	PRESIDENT/CEO - JAN 2024	2.00	Officer Director	$144,424	$4,053	$148,477
KHUSH NARIMAN	TRUSTEE - MARCH TO DEC 2024	1.00	Director	$0	$0	$0
FELICITY MACK MD	TRUSTEE	1.00	Director	$0	$0	$0
R PATRICK WOOD MD	TRUSTEE - JAN TO NOV 2024	1.00	Director	$0	$0	$0
CHAD WILSON MD	TRUSTEE	1.00	Director	$0	$0	$0
RICK TOWNSEND	TRUSTEE - JAN TO MARCH 2024	1.00	Director	$0	$0	$0
AMY L NELSON JD CTFA	TRUSTEE - JAN TO JULY 2024	1.00	Director	$0	$0	$0
SEAN MURPHY	TRUSTEE	1.00	Director	$0	$0	$0
HATTIE E HENDERSON MD	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN COTTON MD	TRUSTEE	1.00	Director	$0	$0	$0
BRAD BUSLER	SECRETARY - MARCH TO DEC 2024	1.00	Officer Director	$0	$0	$0
JEANNA BAMBURG	TRUSTEE	1.00	Director	$0	$0	$0
EVAN G PIVALIZZA MD	SECRETARY - JAN TO MARCH 2024	1.00	Officer Director	$0	$0	$0
RANDY PRYOR	TREASURER	1.00	Officer Director	$0	$0	$0
HENRY NOEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREG BERNICA	TRUSTEE - MARCH TO DEC 2024	1.00	Director	$0	$0	$0
ELIZABETH TORRES MD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARC D LEWIS	VP-OPERATIONS	50.00	Officer	$315,132	$50,992	$366,124
THERESA L PINA	VP-OPERATIONS	50.00	Officer	$321,289	$36,936	$358,225
ERIC EATON	CFO	50.00	Officer	$377,985	$42,047	$420,032
MICHELE D WALKER	DIR. DC ADMIN	50.00	Key Emp	$157,937	$7,252	$165,189
JAMIE R NOBLES	DIR. FACILITIES ADMIN	50.00	Key Emp	$161,143	$20,781	$181,924
CHERI J JENNINGS	DIR. TECH SERVICES	50.00	Key Emp	$167,513	$19,972	$187,485
KEVIN P SHIPLEY	ASSOCIATE VP, COMMUNITY ENG - 7/1/24	50.00	Key Emp	$178,395	$21,571	$199,966
RONDA PERGUSON	DIR. HOSPITAL SERVICES	50.00	Key Emp	$159,093	$20,057	$179,150
JULIE BARBARY	DIR. BUSINESS OPS	50.00	Highest	$177,018	$10,162	$187,180
SHARON L GARCIA	ASSOCATE VP, QUALITY SVC - 7/1/24	50.00	Highest	$177,641	$22,845	$200,486
CONNIE FOLAND	DIR. HR/RISK MGMT/E&T	50.00	Highest	$198,280	$23,904	$222,184
BARTON R BLOCK	ASSOCIATE VP MIS	50.00	Highest	$219,461	$19,224	$238,685
DANIEL A WELDER	MEDICAL DIRECTOR	50.00	Highest	$252,164	$7,224	$259,388

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	$132,655,313	$124,342,216	$185,978,097	$8,313,097
2023	$125,814,644	$115,118,787	$168,078,185	$10,695,857
2022	$121,762,547	$107,549,862	$151,928,480	$14,212,685
2021	$118,093,258	$101,661,297	$143,740,289	$16,431,961
2020	$111,068,231	$98,184,509	$125,870,434	$12,883,722
2019	$93,266,359	$86,266,594	$108,028,201	$6,999,765
2018	$88,613,523	$87,989,649	$99,488,651	$623,874