Overview
What is Western Kentucky Regional Blood Center Inc?
Western Kentucky Regional Blood Center Inc, situated in Owensboro, Kentucky, serves as a crucial regional hub for blood collection, testing, storage, and distribution. This nonprofit organization's primary mission is to meet the demand for blood products within hospitals and medical facilities across Western Kentucky. By acting as a centralized source, the center ensures a seamless supply of essential human blood components, thereby fulfilling the medical needs of the region.
Official website here: www.wkrbc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Western Kentucky Regional Blood Center Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. With a score of 96% in the Accountability & Finance category, the organization demonstrates effective oversight and governance, ensuring that funds are utilized efficiently to support its mission.
Key strengths include a fully independent board of directors, which enhances transparency and reduces conflicts of interest. The organization maintains robust financial health, as indicated by its high program expense ratio of 95.02%, meaning that a significant majority of its budget is allocated directly to programming rather than administrative costs. Additionally, it adheres to stringent policies related to financial practices and ethical standards, evidencing a commitment to responsible stewardship of resources.
However, while the financial metrics are strong, there are no noted areas for improvement in the available data. The organization’s emphasis on accountability suggests a well-structured approach to its operations, which is critical for gaining public trust and support. Overall, the Western Kentucky Regional Blood Center Inc stands out as a reliable nonprofit that effectively channels its resources towards its blood donation mission.
This AI summary has been generated from information found on Charity Navigator.
Is Western Kentucky Regional Blood Center Inc legitimate?
Western Kentucky Regional Blood Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Kentucky Regional Blood Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $148,613
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,155,198
For more financial information, click here
Official website here: www.wkrbc.org
What is the mission statement of Western Kentucky Regional Blood Center Inc?
The Western Kentucky Regional Blood Center Inc's mission is to serve as a central hub for collecting, testing, storing, and distributing human blood products. This regional blood bank fulfills the blood product requirements of hospitals and medical centers in Western Kentucky. Its primary objective is to provide a reliable source of blood products, acting as a vital link between donors and those in need of transfusions. The center's operations contribute significantly to ensuring the availability of life-saving blood products in the region.
Official website here: www.wkrbc.org
Who is the CEO of Western Kentucky Regional Blood Center Inc?
Janet Howard is the CEO of Western Kentucky Regional Blood Center Inc The CEO's salary of Western Kentucky Regional Blood Center Inc is $148,613 and their total compensation is $148,613.
Official website here: www.wkrbc.org
What is the revenue of Western Kentucky Regional Blood Center Inc?
Western Kentucky Regional Blood Center Inc's revenue in 2024 was $3,420,240.
Official website here: www.wkrbc.org
Who are the executives of Western Kentucky Regional Blood Center Inc and what are their salaries?
The average compensation at Western Kentucky Regional Blood Center Inc during 2024 was $38,347. There are 34 employees at Western Kentucky Regional Blood Center Inc.
Here are 6 key members and their salaries (Western Kentucky Regional Blood Center Inc's CEO's salary is $148,613 and their total compensation is $148,613):
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- Compensation: $148,613
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- Other: $0
Official website here: www.wkrbc.org
Where can I find the form 990 for Western Kentucky Regional Blood Center Inc?
Western Kentucky Regional Blood Center Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.wkrbc.org
Learn more at the official website: www.wkrbc.org
Mission Statement of Western Kentucky Regional Blood Center Inc
The Western Kentucky Regional Blood Center Inc, as a nonprofit organization, is dedicated to serving as a central hub for collecting, testing, storing, and distributing human blood products. This mission is aimed at meeting the blood product requirements of hospitals and medical centers situated in Western Kentucky. By operating as a regional blood bank, the Center plays a significant role in ensuring a steady supply of blood products, thereby contributing to the wellbeing of numerous patients in need. The ultimate goal is to support healthcare providers in providing optimal care to their patients, thereby saving lives.
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Impact
July, 2024
Western Kentucky Regional Blood Center Inc plays a crucial role in the healthcare ecosystem of Western Kentucky by operating as a regional blood bank. Through its collection, testing, storage, and distribution of human blood products, the center ensures that hospitals and medical centers in the region have access to the blood products they need to save lives and support critical medical procedures. By serving as a central hub for these essential services, Western Kentucky Regional Blood Center positively impacts the health and well-being of the community it serves.
This information is meant to be a general summary of Western Kentucky Regional Blood Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $36,972
- Program Service Revenue: $3,316,454
- Gross Receipts: $3,626,088
Assets and Liabilities:
- Total Assets: $3,508,441
- Total Liabilities: $190,661
- Net Assets: $3,317,780
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BLOOD PRODUCTS
Revenue
$3,316,454
Organization Details
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