Independent Blood and Tissue

Nonprofit profile at a glance

EIN
592898768
IRS 990 coverage
2010–2011
Forms available
Form 990 2011
Location
Orlando, FL, USA
Phone
4072263800
Rating confidence
Limited
Sector
Blood Supply Related

Official website

Reported finances

Revenue
$6,745,447
Expenses
$1,475,752
Assets
$66,653,448
Liabilities
$28,226,664

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

40 people listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support, expand, and further the services provided to the community by Florida's blood centers, inc. In order to ensure a safe, adequate, "zero-risk" blood supply, support world-class medical research and to improve the quality life of its employees, donors, and community.

What it reported doing in 2011

Independent blood and tissue services of Florida, inc. Is organized and operated exclusively for the benefit of, to perform the functions of, and to carry out the purposes of Florida's blood centers, inc. Independent blood and tissue services of Florida, inc. Supports Florida's blood centers, inc. In its mission to safely collect, process and distribute blood to more than 70 hospitals and medical facilities throughout Florida, and to support advanced scientific study into the prevention and treatment of diseases. The collection, processing and distribution of blood constitute a vital service provided to the community, requiring significant resources to ensure that the community's blood supply is safe and adequate. Independent blood and tissue services of Florida, inc. Currently provides facilities and working capital to Florida's blood centers, inc. Necessary to conduct this crucial mission, and maintains reserves which are essential to ensure that this important work will continue without interruption despite natural disasters and other tragedies.

Operating model

Revenue model
Earned-program. 76% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 64
  • Accountability: 89
  • Sustainability: 81
  • Growth: 60

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 96.7%; rating input score 97; 30th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 78.1%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 45.17; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.42; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 16.3%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 14.6% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 11.7% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 29 of 30 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $277K · 40 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 2 filing years from 2010 to 2011
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.