Overview
What is Medic Inc?
Medic Inc, located at 1601 Ailor Avenue in Knoxville, Tennessee (37921), operates as a nonprofit organization specializing in the collection, processing, and distribution of blood products and related services. Their mission is to ensure the well-being of the community by providing a safe, adequate, and economical supply of blood and related components. With a workforce of 176 employees, Medic Inc, also known as Medic Regional Blood Center, is dedicated to enhancing community health through the provision of essential blood and blood product services.
Official website here: www.medicblood.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Medic Inc demonstrates a strong commitment to accountability and financial management, reflected in its impressive 96% score. This rating, based solely on their Accountability & Finance metrics, indicates a high level of transparency and governance. The organization benefits from a fully independent board, with all members contributing to sound oversight and decision-making.
The financial practices of Medic Inc appear robust, with significant program expenses (86.47% of total expenses) directed towards its mission. Additionally, the organization's policies on conflict of interest, whistleblower protections, and document retention have all been positively reviewed, showcasing a comprehensive approach to ethical management and compliance.
Despite its commendable strengths, there are no noted limitations within the provided data. Overall, Medic Inc's strong performance in financial accountability positions it as a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Medic Inc?
96% of 456 reviewers on Facebook recommend Medic Inc. Here is a summary of their reviews:
Many individuals express appreciation for the professionalism and support provided by the organization. First-time donors noted how comfortable they felt during the process, which helped alleviate any nervousness about giving. The positive experiences shared indicate a strong sense of trust in the services offered.
Overall, the sentiments reflect a solid approval from the community, highlighting that Medic Inc successfully meets the needs of its donors while fostering a welcoming and reassuring environment. This level of satisfaction suggests that the nonprofit effectively delivers on its mission and builds strong connections with its supporters.
This AI summary has been generated from reviews found on Facebook.
Is Medic Inc legitimate?
Medic Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medic 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: $1,065,348
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,133,994
For more financial information, click here
Official website here: www.medicblood.org
What is the mission statement of Medic Inc?
Medic Inc is dedicated to improving community well-being by ensuring a safe, sufficient, and affordable supply of blood and blood-related products and services. Their primary mission is centered around the collection, processing, and distribution of these essentials. Through their efforts, they aim to enhance the health and well-being of individuals in need. By providing a reliable source for these critical resources, Medic Inc plays a vital role in supporting the medical needs of their community. Their commitment extends to maintaining the highest safety standards, ensuring adequate quantities, and keeping costs economical.
Official website here: www.medicblood.org
Who is the CEO of Medic Inc?
H Alan Watson is the Ceo (As Of 3/13/23) of Medic Inc. The CEO's salary of Medic Inc is $0 and their total compensation is $0.
Official website here: www.medicblood.org
What is the revenue of Medic Inc?
Medic Inc's revenue in 2023 was $17,198,814.
Official website here: www.medicblood.org
Who are the executives of Medic Inc and what are their salaries?
The average compensation at Medic Inc during 2023 was $40,905. There are 176 employees and 34 volunteers at Medic Inc.
Here are 20 key members and their salaries (Medic Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $327,448
- Related: $0
- Other: $55,392
- Compensation: $258,164
- Related: $0
- Other: $45,912
- Compensation: $180,611
- Related: $0
- Other: $36,663
- Compensation: $150,236
- Related: $0
- Other: $25,252
- Compensation: $0
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- Other: $0
- Compensation: $145,982
- Related: $0
- Other: $42,396
- Compensation: $118,448
- Related: $0
- Other: $22,976
- Compensation: $108,866
- Related: $0
- Other: $28,186
- Compensation: $100,228
- Related: $0
- Other: $11,156
Official website here: www.medicblood.org
Where can I find the form 990 for Medic Inc?
Medic Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.medicblood.org
Learn more at the official website: www.medicblood.org
Mission Statement of Medic Inc
Medic Inc, a vital community organization, strives to enhance the well-being of the population by ensuring a safe, sufficient, and affordable supply of blood and blood-related products and services. This mission is carried out through the collection, processing, and distribution of these essential items and associated services. By providing this essential service, Medic Inc plays a crucial role in addressing the health needs of individuals within the community. The organization's commitment to maintaining a reliable and economical blood supply is a testament to its dedication to the welfare of its constituents.
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Impact
October, 2024
Medic Inc plays a vital role in enhancing community well-being in Knoxville, TN, by ensuring a safe and adequate supply of blood and blood-related products. By collecting, processing, and distributing blood products and components, they address critical healthcare needs, support local hospitals, and provide essential services that can save lives. Their commitment to maintaining high standards of safety and quality directly contributes to patient care and public health, making a significant impact on the community they serve. Through these efforts, Medic Inc fosters a healthier environment and builds trust within the community regarding healthcare resources.
This information is meant to be a general summary of Medic 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 2023.
- Investment Income: $385,105
- Program Service Revenue: $16,792,480
- Gross Receipts: $19,643,047
Assets and Liabilities:
- Total Assets: $27,444,219
- Total Liabilities: $2,541,596
- Net Assets: $24,902,623
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BLOOD SERVICE
Revenue
$16,732,993
OTHER PROGRAM REVENUE
Revenue
$33,178
TEMPORARY COVERAGE CREDITS
Revenue
$26,309
Organization Details
Founding Year
1958
Phone
(865) 524-3074Principal Officer
H Alan Watson
Main Address
1601 AILOR AVENUE, KNOXVILLE, TN, 37921
Website
www.medicblood.orgNTEE Category
Code: E610 - Health
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