Florida's Blood Centers Inc

What it reported doing in 2011

Florida's blood centers, inc. ("fbc"), was established on april 2, 1942, shortly after the start of world war ii, as a charitable organization described in internal revenue code ("irc") section 501(c)(3).throughout its history, fbc has consistently provided the communities it serves with a safe and reliable blood supply. Fbc provides blood products and compatibility and testing services to approximately 70 hospitals and healthcare facilities throughout Florida.with approximately 1,100 employees in 21 counties, 153 volunteers, 42 locations, over 40 mobile units, and five portable collection equipment sets, fbc is one of the largest community blood centers in Florida and the nation.fbc's loyal and generous donor base help ensure and maintain a reliable supply of blood at all times. Nonetheless, only five percent of the population donates blood for a staggering 60 percent who will need it during their lifetimes.donors must be in good health to donate blood, 16 years of age or older and weigh a minimum of 102 pounds. Blood donation is safe and painless, and healthy people can donate every eight weeks (56 days). Fbc encourages donors to give every eight weeks to help maintain a consistent blood supply.every unit of blood undergoes rigorous processing, testing and labeling to ensure it meets fda safety standards. Blood is usually transfused into a patient in need within 48 hours after it is drawn. Three different blood products are derived from a single donation; red blood cells, platelets and plasma, which may be used to treat patients suffering from trauma, cancer and other conditions. In addition to supplying blood products, fbc offers bone-marrow donor registration.fbc, a founding member of both the american association of blood banks and the Florida association of blood banks, has been a pioneer and leader within the industry. It was one of the first blood centers in the country to implement new capabilities and services such as frozen blood storage, a national clearinghouse system for exchanging blood, community branches and bloodmobile collection.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 72.3%; rating input score 72; 15th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 96.7%; rating input score 97; 65th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 5%; rating input score 62; 62nd percentile among comparable filings
• Total-asset coverage ratio: 0.46; rating input score 18; 18th percentile among comparable filings
• Liabilities to assets ratio: 0.2; rating input score 82; 82nd percentile among comparable filings
• Officer compensation ratio: 2%; rating input score 50; 50th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 0.6% per year; rating input score 100; 26th percentile among comparable filings
• Asset growth: 15.3% per year; rating input score 100; 86th percentile among comparable filings