Overview
What is Blood Assurance Inc?
Blood Assurance Inc, a regional blood bank based in Chattanooga, Tennessee, serves communities in Tennessee, Georgia, Alabama, and North Carolina. With a dedicated volunteer donor base, the nonprofit interviewed over 110,000 individuals in 2022, producing 112,510 blood components. These life-saving products were provided to approximately 71 healthcare facilities, ensuring a constant supply through 15 fixed locations and 18 mobile buses. The organization's mission is to draw blood from volunteers and distribute it to the healthcare facilities they serve. With a workforce of 435 employees, Blood Assurance Inc plays a crucial role in sustaining the health and wellbeing of countless individuals.
Official website here: www.bloodassurance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars) on Charity Navigator
Blood Assurance Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The rating is based entirely on its Accountability & Finance score of 96%, indicating that the organization operates transparently and efficiently. This high score suggests that donors can trust Blood Assurance Inc to manage their contributions responsibly.
The organization demonstrates a solid governance structure, with a board composed entirely of independent members, ensuring impartial oversight. Blood Assurance Inc also excels in its financial practices, showing no material diversion of assets and maintaining a low liabilities-to-assets ratio. These factors contribute to its robust program expense ratio of 85.64%, meaning a significant portion of its expenses directly supports its mission.
Despite its strong performance, the summary does not provide insights into the organization's specific programs or community impact. While the financial and governance practices are commendable, potential donors may seek additional information on how funds are utilized to achieve the organization's goals and the tangible benefits provided to the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Blood Assurance Inc?
94% of 571 reviewers on Facebook recommend Blood Assurance Inc. Here is a summary of their reviews:
The overall sentiment towards Blood Assurance Inc is overwhelmingly positive, with many first-time donors expressing gratitude for the welcoming and professional atmosphere. Reviewers highlight the cleanliness of the facility and the kindness of the staff, which contributes to a comfortable donation experience.
Numerous users appreciated the resources and information provided about the donation process, as well as the follow-up communication they received, including updates on the status of their blood and insights about their blood type. These factors encourage many to recommend the organization to others looking to donate.
This AI summary has been generated from reviews found on Facebook.
Is Blood Assurance Inc legitimate?
Blood Assurance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blood Assurance 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: $1,055,951
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,846,106
For more financial information, click here
Official website here: www.bloodassurance.org
What is the mission statement of Blood Assurance Inc?
Blood Assurance Inc is a regional blood bank that relies on an all-volunteer donor base to collect blood and provide essential blood products to healthcare facilities. In 2022, the organization interviewed over 110,000 individuals, resulting in the production of 112,510 units of blood components. These lifesaving products were distributed to approximately 71 healthcare facilities in Tennessee, Georgia, Alabama, and North Carolina. Every day, around 560 donors must be seen to maintain a consistent supply for their customers. They achieve this through a combination of fixed locations and mobile buses.
Official website here: www.bloodassurance.org
Who is the CEO of Blood Assurance Inc?
Jb Gaskins is the Ceo of Blood Assurance Inc. The CEO's salary of Blood Assurance Inc is $283,898 and their total compensation is $297,481.
Official website here: www.bloodassurance.org
What is the revenue of Blood Assurance Inc?
Blood Assurance Inc's revenue in 2022 was $36,146,635.
Official website here: www.bloodassurance.org
Who are the executives of Blood Assurance Inc and what are their salaries?
The average compensation at Blood Assurance Inc during 2022 was $31,959. There are 435 employees at Blood Assurance Inc.
Here are 27 key members and their salaries (Blood Assurance Inc's CEO's salary is $283,898 and their total compensation is $297,481):
- Compensation: $283,898
- Related: $0
- Other: $13,583
- Compensation: $278,900
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- Other: $18,254
- Compensation: $235,589
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- Other: $15,801
- Compensation: $146,792
- Related: $0
- Other: $13,201
- Compensation: $123,554
- Related: $0
- Other: $4,932
- Compensation: $110,772
- Related: $0
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Official website here: www.bloodassurance.org
Where can I find the form 990 for Blood Assurance Inc?
Blood Assurance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bloodassurance.org
Learn more at the official website: www.bloodassurance.org
Mission Statement of Blood Assurance Inc
Blood Assurance Inc, a regional blood bank, is committed to saving lives by drawing blood from an all-volunteer donor base and supplying healthcare facilities with essential blood and blood products. With a mission to serve communities in Tennessee, Georgia, Alabama, and North Carolina, the organization conducted interviews with over 110,000 individuals during 2022 to support its lifesaving efforts. From these interactions, Blood Assurance produced 112,510 units of blood components, which were provided to approximately 71 healthcare facilities.
To ensure a consistent blood supply for its customers, Blood Assurance requires the donation of blood from 560 or more donors daily. This need is met through a combination of fixed locations and mobile buses, which enable its dedicated volunteer base to contribute to the organization's vital mission. By harnessing the power of volunteers, Blood Assurance is able to maintain an unwavering commitment to providing blood products on schedule, ultimately contributing to the wellbeing of countless individuals in the communities it serves.
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Impact
October, 2024
Blood Assurance Inc. plays a crucial role in regional healthcare by acting as a vital blood bank that supplies essential blood and blood products to healthcare facilities across Tennessee, Georgia, Alabama, and North Carolina. In 2022 alone, the organization conducted interviews with 110,004 potential donors, a testament to its commitment to maintaining a robust volunteer donor base. From these efforts, it successfully produced 112,510 units of blood components, ensuring that approximately 71 healthcare facilities receive the necessary resources to provide care.
The organization's operations are designed to meet the daily demand for blood, requiring over 560 donors to be processed each day. This demand is met through a combination of fixed donation locations and mobile blood donation buses, which enhance access for potential donors. By facilitating these donor interactions, Blood Assurance Inc. not only supports healthcare providers but also impacts countless lives in the communities it serves, underscoring the importance of blood donation in medical treatments and emergencies.
This information is meant to be a general summary of Blood Assurance 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 2022.
- Investment Income: $619,027
- Program Service Revenue: $35,187,472
- Gross Receipts: $38,247,890
Assets and Liabilities:
- Total Assets: $36,513,788
- Total Liabilities: $8,690,710
- Net Assets: $27,823,078
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BLOOD PRODUCTS & RELATED SERV
Revenue
$35,187,472
Organization Details
Founding Year
1970
Phone
(423) 756-0966Principal Officer
Jb Gaskins
Main Address
705 E 4TH STREET, CHATTANOOGA, TN, 37403
Website
www.bloodassurance.orgNTEE Category
Code: E61Z - Health
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