Overview
What is Texoma Regional Blood Center?
Texoma Regional Blood Center is a nonprofit organization situated in Sherman, Texas. With a dedicated workforce of 32 individuals, their primary mission revolves around the collection, processing, and distribution of blood and blood components to local hospitals. This vital service ensures an adequate supply of lifesaving resources during medical emergencies and regular treatments. By providing these essential components, they contribute significantly to the healthcare system in the region.
Official website here: www.texomablood.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Texoma Regional Blood Center has received an overall score of 84%, reflecting solid performance in accountability and finance. The organization boasts a fully independent board with 100% of its members meeting this criterion, and demonstrates strong financial oversight, as evidenced by its clean audit and oversight committee score. The program expense ratio is impressive at 85.46%, indicating that a significant portion of its funds goes directly to its mission.
However, there are several areas for improvement noted in the evaluation. The nonprofit lacks key policies, such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which may raise concerns regarding governance and transparency. Additionally, the absence of the tax form on the nonprofit's website is a notable downside, as it limits public access to important financial information.
Overall, while Texoma Regional Blood Center shows a strong commitment to its financial responsibilities and effectiveness in programming, addressing the identified policy gaps could enhance its accountability and build greater trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Texoma Regional Blood Center legitimate?
Texoma Regional Blood Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texoma Regional Blood Center 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: $98,484
Professional Fundraising Fees: $0
Other Salaries and Wages: $716,631
For more financial information, click here
Official website here: www.texomablood.org
What is the mission statement of Texoma Regional Blood Center?
The Texoma Regional Blood Center's primary role involves the collection, processing, and distribution of blood and blood components to local hospitals. This essential service ensures a steady supply of life-saving resources for patients in need. The center's mission is centered around this activity, aiming to provide hospitals with necessary blood components to support their medical procedures and patient care. By doing so, the center plays a significant role in maintaining a reliable and efficient blood supply chain, ultimately contributing to improved health outcomes for the community.
Official website here: www.texomablood.org
Who is the CEO of Texoma Regional Blood Center?
Stacy Braddock is the Executive Direc of Texoma Regional Blood Center.
Official website here: www.texomablood.org
What is the revenue of Texoma Regional Blood Center?
Texoma Regional Blood Center's revenue in 2022 was $3,259,302.
Official website here: www.texomablood.org
Who are the executives of Texoma Regional Blood Center and what are their salaries?
The average compensation at Texoma Regional Blood Center during 2022 was $25,472. There are 32 employees at Texoma Regional Blood Center.
Here are 14 key members and their salaries:
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Official website here: www.texomablood.org
Where can I find the form 990 for Texoma Regional Blood Center?
Texoma Regional Blood Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.texomablood.org
Learn more at the official website: www.texomablood.org
Mission Statement of Texoma Regional Blood Center
Texoma Regional Blood Center, as its mission statement suggests, plays a vital role in the collection, processing, and distribution of blood and blood components to local hospitals. This nonprofit organization is dedicated to ensuring an adequate blood supply for the medical needs of the community, transforming raw donations into life-saving products for patients in need. Through its collection, processing, and selling procedures, Texoma Regional Blood Center serves as a vital link between donors and recipients, bridging the gap in critical situations.
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Impact
July, 2024
Texoma Regional Blood Center's impact is vital in providing a reliable supply of blood and blood components to area hospitals in Sherman, TX. Through their collection, processing, and selling of blood products, they play a crucial role in saving lives and supporting medical procedures that require blood transfusions. Their efforts help ensure that hospitals have access to the necessary blood products to treat patients in need, ultimately contributing to the health and well-being of the community.
This information is meant to be a general summary of Texoma Regional Blood Center. 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: $117,534
- Program Service Revenue: $3,055,890
- Gross Receipts: $3,512,795
Assets and Liabilities:
- Total Assets: $3,469,277
- Total Liabilities: $214,723
- Net Assets: $3,254,554
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF BLOOD & COMPONENT
Revenue
$3,055,890
Organization Details
Founding Year
1974
Phone
(903) 893-4314Principal Officer
Stacy Braddock
Main Address
3911 TEXOMA PARKWAY, SHERMAN, TX, 75090
Website
www.texomablood.orgNTEE Category
Code: E61Z - Health
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