The Institute for Transfusion Medicine

Nonprofit profile at a glance

EIN
251562714
IRS 990 coverage
2009–2019
Forms available
Form 990 2019
Location
Pittsburgh, PA, USA
Phone
4122097300
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Blood Supply Related

Official website

Reported finances

Revenue
$5,367,258
Expenses
$3,009,555
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • CHARLES WILCOX III (DIVISION PRESIDENT)

Highest reported compensation

  • DAVID GREEN (DIRECTOR): $787,158 total reported compensation
  • BHAVI SHAH (GENERAL COUNSEL/ASST SECRETARY): $460,113 total reported compensation
  • TANYA PERRY (CFO): $434,922 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Itxm's mission is to provide best in class blood products and clinical services to meet the needs of the healthcare community, patients and our donors through advanced transfusion medicine practices. Itxm's vision is to be the premier provider of blood transfusion practices by delivering innovative industry leading solutions that ensure the highest quality products and services, operating efficiencies, donor satisfacton and improved patient care resulting in the achievement of our mission. Itxm's mission and vision are supported by our values of stewardship, integrity, accountability, respect, excellence and innovation.

What it reported doing in 2019

The institute for transfusion medicine (itxm) is the "parent" entity of a health care system dedicated to providing blood and blood-related products and services to the community. Itxm provides certain services for itself and for its affiliated organizations, including accounting, purchasing, human resources, quality assurance, information systems, strategic planning, education, maintenance and corporate administrtation. The consolidation of these services in one entity provides economies of scale and efficiency so as to improve the delivery of cost effective health care to the community at large. Itxm provides training programs for medical residents and fellows in the areas of transfusion medicine and coagulation. Itxm is also involved in research. Itxm medical staff participate in important national clinical trials in blood safety, transfusion and hemostasis. Educating the community is also a service provided by itxm. Through an active speakers' bureau and joint programs with other health care providers, itxm presents information on the safety of blood, blood component therapy, coagulation, thrombosis and other pertinent topics. Since it is estimated that two out of five people will need a blood transfusion at some point in their lives, these educational opportunities help caregivers, patients and potential recipients of this precious resource understand the blood supply and transfusion issues and alleviate some of the misconceptions related to transfusion medicine.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 49% for direct work, and 51% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 76
  • Accountability: 84
  • Sustainability: 48
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.9%; rating input score 87
  • Program expense ratio: 97.9%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 100%; rating input score 100; 71st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 87.5%; rating input score 88; 18th 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: 43.9%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 8.2%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 13.4% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 26.7% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 5.3% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 86.9% of revenue deployed · 97.9% of spending went to programs
  • Governance: 7 of 8 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.9M in reported program spending
  • Leadership: top reported pay $787K · 12 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $12.2M reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 10 filing years from 2009 to 2019
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 8 filed related-organization links
  • 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: Total-asset coverage ratio scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.