Blood Bank of Alaska Inc

🔒

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

1962

Legal Domicile

Principal Officer

Robert Scanlon

Phone

9072225600

Tax Period

2023-01-01 to 2023-12-31

Blood Bank of Alaska Inc, founded in 1962, is a mid-sized nonprofit in the Health Care sector that reported $12.2M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $36.3M represent 36 months of operating reserves.

Mission

THE BLOOD BANK PROVIDES BLOOD PRODUCTS AND TESTING SERVICES TO HOSPITALS TO ENSURE AN ADEQUATE AND SAFE SUPPLY OF BLOOD IN ROUTINE AND EMERGENCY SITUATIONS. IT PROVIDES EDUCATIONAL SERVICES TO POTENTIAL DONORS AND RECIPIENTS OF BLOOD PRODUCTS. THE BLOOD BANK ALSO EDUCATES THE COMMUNITY ON DONATED BLOOD AND THE RISKS AND ALTERNATIVES TO BLOOD TRANSFUSIONS. IT PROVIDES DATA FOR STATISTICS ON CURRENT TRANSFUSION PRACTICES. THE BLOOD BANK SERVES AS A TRAINING SITE FOR STUDENTS ENROLLED IN THE MEDICAL TECHNOLOGY PROGRAM AT THE UNIVERSITY OF ALASKA ANCHORAGE. THE BLOOD BANK PROVIDES COUNSELING TO DONORS THAT TEST POSITIVE FOR INFECTIOUS DISEASES.

Program Service Accomplishments

Program 1

Expenses: $8,528,967 Revenue: $10,884,055

THE BLOOD BANK OF ALASKA PROVIDES BLOOD PRODUCTS AND TESTING SERVICES TO HOSPITALS AND REGIONAL HEALTH CARE CENTERS THROUGHOUT THE STATE OF ALASKA USING THE COMMUNITY RESPONSIBILITY SYSTEM IN WHICH THERE IS NO CHARGE FOR NONPLACEMENT OF BLOOD BY A PATIENT/RECIPIENT. THE BLOOD BANK RECRUITS VOLUNTEER BLOOD DONORS TO ASSIST ALASKA HOSPITALS IN MAINTAINING AN ADEQUATE SUPPLY OF BLOOD PRODUCTS. THE BLOOD BANK ALSO FACILITATES REQUIRED BLOOD TESTING OF BLOOD PRODUCTS AND PROVIDES LABORATORY FUNCTIONS AND STORAGE.

🔒

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 $1,280,388

Program Service Revenue $10,884,055

Investment Income $648

Other Revenue $78,214

TOTAL REVENUE $12,243,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,812,683

Fundraising Expenses $314,451

Program Expenses $8,528,967

Other Expenses $7,747,524

TOTAL EXPENSES $12,560,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,243,305	$10,440,598	+0.2%
Expenses	$12,560,207	$12,226,732	+0.0%
Net Income	$-316,902	$-1,786,134	-0.8%

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

118

Volunteers

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

$537,837

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT SCANLON	CEO	40.0	Officer	$342,968	$43,542	$386,510
MELISSA NERAD	Director of Quality Assurance	40.0	Highest	$128,886	$22,704	$151,590
JANICE BRUCHHAUSER	CFO	40.0	Officer	$128,525	$22,802	$151,327
Wes Dahlgren	Dir. of Collections & Recruit.	40.0	Highest	$103,664	$21,881	$125,545
Shannon Billings	Dir. of Laboratory Services	40.0	Highest	$101,822	$19,365	$121,187
michael HAYWARD	Dir. of Info. & Facilities	40.0	Highest	$100,625	$2,879	$103,504
Chuck Coulson	Chairman/President	1.5	Officer Director	$0	$0	$0
Marc Bond	vice president	1.5	Officer Director	$0	$0	$0
Don McClintock	Secretary	1.5	Officer Director	$0	$0	$0
Audrey Lance	Treasurer	1.5	Officer Director	$0	$0	$0
Richelle Johnson	MEMBER	1.5	Director	$0	$0	$0
Randy Pitney	MEMBER	1.5	Director	$0	$0	$0
Dr Curt Buchholtz	MEMBER	1.5	Director	$0	$0	$0
Matt Carle	MEMBER	1.5	Director	$0	$0	$0
Major Shawn May	MEMBER	1.5	Director	$0	$0	$0
Julie Gration	MEMBER	1.5	Director	$0	$0	$0
Larry Greenstein	MEMBER	1.5	Director	$0	$0	$0
Deputy Chief Sean Case	MEMBER	1.5	Director	$0	$0	$0
Chris Mello	MEMBER	1.5	Director	$0	$0	$0
Dr Jennifer Wooley	MEMBER	1.5	Director	$0	$0	$0
Ron Clarke	MEMBER	1.5	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
2024	No data	No data	No data	No data
2023	$12,243,305	$12,560,207	$42,115,430	$-316,902
2022	$10,440,598	$12,226,732	$42,141,245	$-1,786,134
2021	$12,326,845	$11,958,824	$42,867,161	$368,021
2020	$12,192,479	$12,120,724	$44,349,155	$71,755
2020	$12,192,479	$12,120,724	$44,349,155	$71,755
2019	$11,673,670	$12,870,201	$43,226,285	$-1,196,531
2019	$11,673,670	$12,870,201	$43,226,285	$-1,196,531
2018	$11,531,047	$13,036,362	$44,677,209	$-1,505,315