Blood Assurance Inc
- Assets
- $36.5m
- Revenue
- $36.1m
- Investments
- $0.0
- Employees
- 435
- Location
- Chattanooga, TN
- Founding
- 04/1971
- Data as of
- 12/2022
- EIN
- 62-0842419
Organization Overview
Blood Assurance Inc is located in Chattanooga, TN. The organization was established in 1971. According to its NTEE Classification (E61) the organization is classified as: Blood Banks, under the broad grouping of Health Care and related organizations. As of 12/2022, Blood Assurance Inc employed 435 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blood Assurance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Blood Assurance Inc generated $36.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $37.9m during the year ending 12/2022. While expenses have increased by 6.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A REGIONAL BLOOD BANK. IT DRAWS BLOOD FROM AN ALL VOLUNTEER DONOR BASE AND PROVIDES THE BLOOD AND BLOOD PRODUCTS TO THE HEALTH CARE FACILITIES IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, BLOOD ASSURANCE INTERVIEWED 110,004 INDIVIDUALS TO SUPPORT ITS LIFE SAVING MISSION OF PROVIDING BLOOD AND BLOOD PRODUCTS TO THE COMMUNITIES IT SERVES. FROM THESE DONOR INTERACTIONS, THE COMPANY PRODUCED 112,510 UNITS OF BLOOD COMPONENTS THAT WERE PROVIDED TO THE APPROXIMATELY 71 HEALTH CARE FACILITIES IN THE 60 COUNTIES SERVED IN TENNESSEE, GEORGIA, ALABAMA, AND NORTH CAROLINA. EACH DAY 560+ DONORS MUST BE SEEN IN ORDER TO COLLECT ENOUGH PRODUCT TO SUPPLY ITS CUSTOMERS. THIS IS ACCOMPLISHED BY A COMBINATION OF FIXED LOCATIONS (15) AND MOBILE BUSES (18) THAT ALLOW AN ALL-VOLUNTEER DONOR BASE TO INSURE BLOOD PRODUCTS ARE (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jb Gaskins CEO | OfficerTrustee | 40 | $283,898 |
Elizabeth Culler Cmo | Officer | 40 | $278,900 |
Christopher Swafford COO | Officer | 40 | $235,589 |
Jennifer Cochran Reynolds Cao | Officer | 40 | $146,792 |
Mona Dilbeck Technical Di | 40 | $123,554 | |
Gordon Smith CFO | Officer | 40 | $110,772 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mobile Power Generator Generator | 12/30/21 | $112,355 |
Barrett Construction Construction | 12/30/21 | $317,012 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,213 |
| Total Program Service Revenue | $35,187,472 |
| Investment income | $369,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $249,154 |
| Net Income from Fundraising Events | $53,796 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,146,635 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,055,951 |
| Compensation of current officers, directors, key employees. | $1,055,951 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,846,106 |
| Pension plan accruals and contributions | $239,247 |
| Other employee benefits | $1,983,591 |
| Payroll taxes | $986,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,617 |
| Fees for services: Accounting | $89,346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,138 |
| Advertising and promotion | $1,374,045 |
| Office expenses | $260,783 |
| Information technology | $1,008,709 |
| Royalties | $0 |
| Occupancy | $1,382,134 |
| Travel | $2,017,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,716 |
| Interest | $26,573 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,750,306 |
| Insurance | $479,524 |
| All other expenses | $2,735 |
| Total functional expenses | $37,931,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $475 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,743,936 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $789,060 |
| Prepaid expenses and deferred charges | $1,563,574 |
| Net Land, buildings, and equipment | $9,305,811 |
| Investments—publicly traded securities | $15,045,598 |
| Investments—other securities | $0 |
| Investments—program-related | $375,000 |
| Intangible assets | $0 |
| Other assets | $3,690,334 |
| Total assets | $36,513,788 |
| Accounts payable and accrued expenses | $4,212,328 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,478,382 |
| Total liabilities | $8,690,710 |
| Net assets without donor restrictions | $27,822,023 |
| Net assets with donor restrictions | $1,055 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $36,513,788 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blood Assurance Inc Chattanooga, TN | $36,513,788 | $36,146,635 |
Kentucky Blood Center Inc Lexington, KY | $45,903,202 | $36,301,055 |
Community Blood Center Of The Ozarks Springfield, MO | $30,431,959 | $21,199,939 |
Mississippi Blood Services Inc Flowood, MS | $18,819,197 | $20,283,043 |
Medic Inc Knoxville, TN | $29,837,373 | $20,025,739 |
Walter L Shepeard Community Blood Center Inc Augusta, GA | $11,763,697 | $12,263,078 |
West Tenn Regional Blood Center Inc Jackson, TN | $13,639,892 | $10,416,424 |
Western Kentucky Regional Blood Center Inc Owensboro, KY | $3,508,441 | $3,589,756 |
South Central Association Of Blood Banks Lexington, KY | $192,648 | $179,117 |
Lloyd-Goodwin Foundation Inc Suwanee, GA | $306,518 | $19,927 |