Texoma Regional Blood Center
- Assets
- $3.5m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 39
- Location
- Sherman, TX
- Founding
- 01/1975
- Data as of
- 09/2023
- EIN
- 75-1463651
Organization Overview
Texoma Regional Blood Center is located in Sherman, TX. The organization was established in 1975. 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 09/2023, Texoma Regional Blood Center employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texoma Regional Blood Center 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 09/2023, Texoma Regional Blood Center generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $3.1m during the year ending 09/2023. While expenses have increased by 1.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COLLECTION, PROCESSING, AND SELLING OF BLOOD AND BLOOD COMPONENTS TO AREA HOSPITALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION, PROCESSING, AND SELLING OF BLOOD AND BLOOD COMPONENTS TO AREA HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Braddock Executive Direc | Officer | 40 | $96,051 |
Amy Coffman Trustee | Trustee | 0 | $0 |
Judy Kelley Trustee | Trustee | 0 | $0 |
Susan Baker Trustee | Trustee | 0 | $0 |
Lori Welch Chairman | OfficerTrustee | 0 | $0 |
Scott Miller Vice Chairman | OfficerTrustee | 0 | $0 |
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 | $78,142 |
| Noncash contributions included in lines 1a–1f | $74,526 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,142 |
| Total Program Service Revenue | $2,816,389 |
| Investment income | $66,290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,517 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,946,304 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,051 |
| Compensation of current officers, directors, key employees. | $28,815 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $763,428 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $179,685 |
| Payroll taxes | $65,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,885 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,322 |
| Office expenses | $20,820 |
| Information technology | $36,324 |
| Royalties | $0 |
| Occupancy | $151,629 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,797 |
| Interest | $380 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,313 |
| Insurance | $29,223 |
| All other expenses | $122,808 |
| Total functional expenses | $3,120,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,948 |
| Savings and temporary cash investments | $208,711 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,671 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $122,424 |
| Prepaid expenses and deferred charges | $38,615 |
| Net Land, buildings, and equipment | $294,790 |
| Investments—publicly traded securities | $1,977,077 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $610,309 |
| Total assets | $3,528,545 |
| Accounts payable and accrued expenses | $245,987 |
| 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 | $1,431 |
| Total liabilities | $247,418 |
| Net assets without donor restrictions | $3,281,127 |
| Net assets with donor restrictions | $0 |
| 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 | $3,528,545 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gencure San Antonio, TX | $21,827,142 | $5,012,409 |
Coastal Bend Blood Center Corpus Christi, TX | $25,016,407 | $12,347,075 |
Texoma Regional Blood Center Sherman, TX | $3,528,545 | $2,946,304 |
The Blood & Tissue Center Foundation San Antonio, TX | $1,168,128 | $1,236,454 |
Alliance For Community Transfusion Services Llc Bedford, TX | $1,076,327 | $521,331 |
Oklahoma Mothers Milk Bank Inc Oklahoma City, OK | $1,040,178 | $541,694 |
Coffee Memorial Blood Center Foundation Amarillo, TX | $7,453,882 | $624,297 |
Northwest Oklahoma Blood Institute Enid, OK | $1,985,534 | -$70,834 |
Lifeshare Blood Centers Foundation Shreveport, LA | $9,764,051 | $266,065 |