BLOODWORKS (EIN 911019655) - 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

1944

Legal Domicile

Principal Officer

CURT BAILEY

Phone

2062926500

Tax Period

2023-07-01 to 2024-06-30

BLOODWORKS, founded in 1944, is a major nonprofit in the Health Care sector that reported $159.8M in total revenue in fiscal year 2023.

Mission

SAVING LIVES THROUGH RESEARCH, INNOVATION, EDUCATION & EXCELLENCE IN BLOOD, MEDICAL & LAB SERVICES.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $1,086,985

Program Service Revenue $157,050,934

Investment Income $777,462

Other Revenue $907,866

TOTAL REVENUE $159,823,247

Expense Breakdown

Grants Paid $517,048

Salaries & Benefits $91,569,230

Fundraising Expenses $313,818

Program Expenses $135,793,304

Other Expenses $67,957,242

TOTAL EXPENSES $160,043,520

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,823,247	$154,247,401	+0.0%
Expenses	$160,043,520	$150,376,492	+0.1%
Net Income	$-220,273	$3,870,909	-1.1%

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

1005

Volunteers

314

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

$1,541,521

Total Directors

$1,035,300

Key Employees

$2,737,146

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURT BAILEY	PRESIDENT & CEO	40.00	Officer Director	$968,288	$39,012	$1,007,300
VICKI FINSON	EXECUTIVE VICE PRESIDENT (THRU 7/23)	40.00	Key Emp	$460,283	$16,474	$476,757
JOSE LOPEZ MD	CHIEF SCIENTIFIC OFFICER	40.00	Key Emp	$408,542	$38,566	$447,108
DAVID LIN MD	VICE PRESIDENT	40.00	Highest	$424,462	$19,800	$444,262
THERESA NESTER MD	CO-CHIEF MEDICAL OFFICER MED SVCS	40.00	Key Emp	$394,120	$38,566	$432,686
KIRSTEN ALCORN MD	CO-CHIEF MEDICAL OFFICER MED SVCS	40.00	Key Emp	$391,803	$28,666	$420,469
ROBERT GLEASON	TREASURER & CFO (THRU 6/24)	40.00	Officer	$353,586	$53,554	$407,140
SUE NIXON	EXECUTIVE VICE PRESIDENT	40.00	Key Emp	$311,183	$27,843	$339,026
JOSEPH VETTO	CHIEF INFORMATION OFFICER	40.00	Highest	$294,444	$41,349	$335,793
IDOIA GIMFERRER	ASHI MEDICAL DIRECTOR	40.00	Highest	$285,256	$43,238	$328,494
AARON POSEY	EXECUTIVE VICE PRESIDENT	40.00	Highest	$294,829	$26,385	$321,214
JING-FEI DONG MD	MEMBER, RESEARCH	40.00	Highest	$279,410	$35,207	$314,617
MARK DESTREE	EXECUTIVE VICE PRESIDENT	40.00	Key Emp	$270,050	$43,615	$313,665
CHRISTINE DONATELLI	CHIEF QUALITY & COMPLIANCE OFFICER	40.00	Key Emp	$272,252	$35,183	$307,435
MAXINE SELLERS	SECRETARY	40.00	Officer	$95,880	$15,201	$111,081
MOLLY FIRTH	BOARD CHAIR (THRU 1/24)	1.00	Officer Director	$8,000	$0	$8,000
TREVOR GOOBY	BOARD VICE CHAIR/ BOARD CHAIR	1.00	Officer Director	$8,000	$0	$8,000
JEFF PERRY	CFO (FROM 6/24)	40.00	Officer	$0	$0	$0
CHRISTINE HENNINGSGAARD	BOARD TRUSTEE	1.00	Director	$6,000	$0	$6,000
GENE FARRELL MBA	BOARD TRUSTEE	1.00	Director	$4,000	$0	$4,000
ORLANDO WILLIAMS	BOARD TRUSTEE	1.00	Director	$2,000	$0	$2,000
DREW CORRIGAN	BOARD TRUSTEE	1.00	Director	$0	$0	$0
JOYCE JACKSON	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MIHO DOUGHERTY MD MPH	BOARD TRUSTEE	1.00	Director	$0	$0	$0
KIRSTEN ARANDA SCHWAB MBA	BOARD TRUSTEE (THRU 6/24)	1.00	Director	$0	$0	$0
SEAN W SIGMON	BOARD TRUSTEE (THRU 6/24)	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	$159,823,247	$160,043,520	$112,280,040	$-220,273
2023	$154,247,401	$150,376,492	$112,716,614	$3,870,909
2022	$134,313,338	$136,370,220	$100,462,161	$-2,056,882
2021	$185,761,026	$173,456,707	$105,722,670	$12,304,319
2020	$198,443,552	$213,969,320	$124,042,323	$-15,525,768
2019	$209,722,936	$213,177,157	$139,133,799	$-3,454,221
2018	$197,932,308	$203,735,067	$147,232,810	$-5,802,759

BLOODWORKS