Civic Intelligence

Versiti Michigan Inc.

990 • Fiscal year 2014 • EIN 38-1550001

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 12, 2015

Organization Profilewww.miblood.org

View Organization Page

PO Box 1704Grand Rapids, MI 49501-1704

(616) 774-2300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.13x

Higher debt load relative to assets than 29% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

16th percentile

0.10x

Higher debt load relative to revenue than 16% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

52nd percentile

4.9%

Higher net margin than 52% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

59th percentile

$377,679

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

36th percentile

2.2%

Faster asset growth than 36% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

93rd percentile

83%

Faster revenue growth than 93% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$33,713,554

Up $716,636 (+2.2%) from 2013

Net Assets

Down

$29,467,097

Down $100,795 (-0.3%) from 2013

Liabilities

Up

$4,246,457

Up $817,431 (+24%) from 2013

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin52nd percentile

Revenue

Up

$44,041,354

Up $19,961,738 (+83%) from 2013

Expenses

Up

$41,902,724

Up $20,721,136 (+98%) from 2013

Net Income

Down

$2,138,630

Down $759,398 (-26%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $29,095,062Liabilities 2011: $3,429,208Net Assets 2011: $25,665,8542011Assets 2012: $29,624,512Liabilities 2012: $3,842,689Net Assets 2012: $25,781,8232012Assets 2013: $32,996,918Liabilities 2013: $3,429,026Net Assets 2013: $29,567,8922013Assets 2014: $33,713,554Liabilities 2014: $4,246,457Net Assets 2014: $29,467,0972014Assets 2015: $34,842,679Liabilities 2015: $6,284,042Net Assets 2015: $28,558,6372015Assets 2016: $35,404,153Liabilities 2016: $6,672,254Net Assets 2016: $28,731,8992016Assets 2017: $37,358,913Liabilities 2017: $6,534,165Net Assets 2017: $30,824,7482017Assets 2018: $34,281,735Liabilities 2018: $5,106,361Net Assets 2018: $29,175,3742018Assets 2019: $33,870,208Liabilities 2019: $4,210,048Net Assets 2019: $29,660,1602019Assets 2020: $38,388,950Liabilities 2020: $6,253,924Net Assets 2020: $32,135,0262020Assets 2021: $40,816,832Liabilities 2021: $5,133,321Net Assets 2021: $35,683,5112021Assets 2022: $40,583,920Liabilities 2022: $5,582,670Net Assets 2022: $35,001,2502022Assets 2023: $44,741,001Liabilities 2023: $6,084,583Net Assets 2023: $38,656,4182023Assets 2024: $49,437,276Liabilities 2024: $5,218,402Net Assets 2024: $44,218,8742024

Highlighted filing

2014

Assets$33,713,554
Liabilities$4,246,457
Net Assets$29,467,097
Open 2014 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2011: $36,224,2822011Revenue 2012: $41,439,374Expenses 2012: $41,476,347Net Income 2012: -$36,9732012Revenue 2013: $24,079,616Expenses 2013: $21,181,588Net Income 2013: $2,898,0282013Revenue 2014: $44,041,354Expenses 2014: $41,902,724Net Income 2014: $2,138,6302014Revenue 2015: $47,589,538Expenses 2015: $47,620,881Net Income 2015: -$31,3432015Revenue 2016: $56,801,975Expenses 2016: $57,065,989Net Income 2016: -$264,0142016Revenue 2017: $56,579,937Expenses 2017: $55,139,545Net Income 2017: $1,440,3922017Revenue 2018: $56,063,207Expenses 2018: $56,714,128Net Income 2018: -$650,9212018Revenue 2019: $58,063,694Expenses 2019: $59,125,807Net Income 2019: -$1,062,1132019Revenue 2020: $59,930,263Expenses 2020: $58,580,268Net Income 2020: $1,349,9952020Revenue 2021: $66,476,683Expenses 2021: $63,171,008Net Income 2021: $3,305,6752021Revenue 2022: $65,203,787Expenses 2022: $63,869,912Net Income 2022: $1,333,8752022Revenue 2023: $69,044,445Expenses 2023: $65,377,053Net Income 2023: $3,667,3922023Revenue 2024: $74,790,441Expenses 2024: $69,635,492Net Income 2024: $5,154,9492024

Highlighted filing

2014

Revenue$44,041,354
Expenses$41,902,724
Net Income$2,138,630
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$51,573,870
Mission and Program Overview

Mission

The purpose of michigan blood is to provide a safe and adequate blood supply and blood-related services for the communities served by hospital partners throughout the state. Michigan blood is the sole provider of blood for 41 hospital facilities. These hospitals include major medical centers (secondary- and tertiary-care teaching facilities) serving populations totaling more than 2.25 million people. Through donor centers and blood drives in northwest, east-central, west, and southwest michigan, michigan blood recruits and collects blood from volunteer donors to achieve its lifesaving mission. Annually, michigan blood collects approximately 124,000 units of blood from volunteer blood donors and distributes 238,000 blood components.

Helping people make a lifesaving difference through blood products and service excellence

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$13,655,693$13,028,464▼ $627,229
Land, Buildings, and Equipment, Net$8,524,851$11,632,835▲ $3,107,984
Accounts Receivable$4,059,342$3,728,281▼ $331,061
Cash and Non-Interest-Bearing Accounts$2,442,071$2,903,799▲ $461,728
Inventories for Sale or Use$1,638,565$1,427,047▼ $211,518
Prepaid Expenses and Deferred Charges$328,188$521,798▲ $193,610
Pledges and Grants Receivable$2,000,020$133,467▼ $1,866,553
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$32,996,918$33,713,554▲ $716,636
Other Assets Total$348,188$337,863▼ $10,325
Liabilities
Accounts Payable and Accrued Expenses$3,429,026$2,503,336▼ $925,690
Mortgage Notes Payable Secured by Investment Property$0$1,743,121▲ $1,743,121
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,429,026$4,246,457▲ $817,431
Net Assets / Fund Balance
Unrestricted Net Assets$27,529,745$29,442,451▲ $1,912,706
Temporarily Rstr Net Assets$2,027,997$14,496▼ $2,013,501
Permanently Rstr Net Assets$10,150$10,150→ $0
Total Net Assets Fund Balance$29,567,892$29,467,097▼ $100,795
Total Liabilities and Net Assets / Fund Balance$32,996,918$33,713,554▲ $716,636

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,334,908$7,217,735$12,552,643
Equipment$2,858,824$6,927,191$9,786,015
Other Land Buildings$875,873$1,868,226$2,744,099
Land$2,546,071-$2,546,071
Leasehold Improvements$17,159$243,769$260,928
Other Securities$13,028,464--
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William J RietschaPresident/CEOFT$252,027$128,383$380,410
LeeAnn WietekampVP of Quality & Medical SvcsFT$260,737$82,108$342,845
Mark PalkowskiVP of Operations-Thru 10/2014FT$172,574$125,029$297,603
Tammon NashAssociate Medical DirectorFT$165,713$32,101$197,814
Robert EluskieDirector of Info TechnologyFT$109,552$22,033$131,585
Maggie GroggelApplication AnalystFT$100,911$16,928$117,839
Jen HeralyDirector of Reg. Compliance/QAFT$100,578$11,365$111,943
Charleen C MelloDirector of FinanceFT$98,652$11,781$110,433

Board Members and Trustees

NameTitle
John J PerrasChair
Chuck DowneyVice Chair
Derek BaileyDirector
Jack O'DonnellDirector
Linda ConstantinoDirector
Mitchell G WattDirector
Pat HoweDirector
Paul KeepDirector
Paul D SmithSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,206,994
Program Service Revenue
$41,106,448
Investment Income
$726,014
Other Revenue
$1,898
All Other Contributions
$182,521
Change in Net Assets
$2,138,630

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$51,000Fair Market Value (FMV)
Total Noncash Contributions1$51,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$44,041,354
Revenue Not Reported on Form 990
$-148,675
Total Revenue per Audited Statements
$43,892,679
Total Revenue per Form 990
$44,041,354
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,277,136
Salaries, Compensation, and Employee Benefits$20,625,588
Total Fundraising Expense$500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,339,158$1,810,463-$15,149,621
Other Employee Benefits$2,502,866$353,611-$2,856,477
Depreciation Depletion$1,085,131$93,752-$1,178,883
Payroll Taxes$985,649$187,119-$1,172,768
Current Officers, Directors, Trustees, and Key Employees-$1,120,452-$1,120,452
Occupancy$1,091,533$2,204-$1,093,737
Office Expenses$374,684$161,230-$535,914
Information Technology$3,200$477,328-$480,528
Other Expenses$403,886$210,905-$403,886
Travel$366,767$10,116-$376,883
Pension Plan Contributions$290,288$35,982-$326,270
Fees for Services Other$61,544$219,018-$280,562
All Other Expenses$420,586$-147,105$500$273,981
Conferences and Meetings$134,640$116,166-$250,806
Insurance$229,248$20,097-$249,345
Advertising$178,208$23,628-$201,836
Fees for Services Accounting-$55,363-$55,363
Fees for Service Investment Mgmnt Fees-$40,590-$40,590
Interest-$21,164-$21,164
Fees for Services Legal-$10,156-$10,156
Fees for Services Lobbying$1,100$2,145-$3,245
Total Functional Expenses$37,077,840$4,824,384$500$41,902,724

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$41,993,474
Expenses per Audited Statements$41,902,724
Total Expenses per Form 990$41,902,724
Expenses Not Reported on Form 990$90,750
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$16,933
Fundraising Gross Income$16,026
Gaming Gross Income$2,855
Gaming Direct Expenses$50
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$32,315$7,842$16,246$-8,404
Total Events$40,499$16,026$16,933$-907
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6

“Members or stockholders centers for transfusion and transplant medicine, inc. (a 501(c)(3) organization) is the sole corporate member. Form 990, part vi, lines 7a and 7b member or stockholder powers centers for transfusion and transplant medicine, inc. (a 501(c)(3) organization) has reserve powers, including the ability to elect a majority of directors. Form 990, part vi, line 11b form 990 review michigan blood utilizes grant thornton llp to complete the irs form 990 and related schedules. Following completion, they are reviewed by the finance/audit committee. The full board is provided a copy of the form 990 prior to filing.”

Form 990, Part VI, Line 12C

“Conflict of interest policy monitoring & enforcement annually conflict of interest statements are completed by all board of directors and key members of the management team. Responses are compiled by the centers for transfusion and transplant medicine's legal services team to determine if any conflicts exist. Identified conflicts are addressed in accordance with the policy.”

Form 990, Part VI, Line 15A

“Compensation determination for the ceo a third party executive compensation consultant is engaged annually to analyze at least five surveys that are used to make up the components that define ranges for the ceo. The consultant reviews current practice and advises our near term approach to compa-ratio, base salary increases, and variable increases based on a variety of factors including contemporary practices in healthcare, bloodbanking, and even broader business markets. The hr/compensation board committee reviews material from the consultant. The committee recommends compensation actions at the ceo level in the summer, following the conclusion of the calendar year. Ceo compensation is approved by the board of directors following the summer hr/comp meeting.”

Form 990, Part VI, Line 15B

“Compensation determination for other officers/key employees the third party executive compensation consultant is engaged to analyze at least five surveys that are used to make up the components that define ranges for the vp positions. The consultant reviews current practice and advises our approach to compa-ratio, base salary increases, and variable increases based on a variety of factors including contemporary practices in healthcare, bloodbanking, and even broader markets. The hr/compensation board committee reviews the data each spring, and approves the design of the vp incentive compensation plan at that time. The ceo authorizes vp level compensation actions. The committee validates the vp level compensation actions at the summer meeting, following the conclusion of the calendar year. For other key employees, a separate compensation consultant is engaged to provide market data and recommendations for pay ranges following review of the job descriptions against such data. Full market review through human resources, ceo, and vp of tech ops occurs at least every three years. Ad hoc review occurs through human resources staff and ceo against industry and geographic surveys housed at michigan blood - abc compensation survey, midwest compdata survey, as examples.”

Form 990, Part VI, Line 19

“Documents available to the public michigan blood makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Michigan Blood
EIN
38-1550001
In Care Of
% CHARLEEN MELLO
Phone
6167742300
Address
PO Box 1704, Grand Rapids, MI 49501-1704

Signing Officer

Name
William Rietscha
Title
President/CEO
Phone
4142898200
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Rietscha
Formed
1955
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
9
Employees
614
Volunteers
500

Preparer

Firm
Grant Thornton LLP
Address
100 E Wisconsin Ave, Milwaukee, WI 53202
Preparer
Daniel V Romano
Phone
4142898200
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“As in prior years, the organization's finance/audit committee is responsible for the oversight of the audit.”

Financial Statement Notes

Schedule D, Part X, Line 2

“LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740) The Organization has received a tax determination letter confirming that the Organization qualifies as tax-exempt organizations under Section 501(c)(3) of the Internal Revenue Code (Code). Management believes that there are no material uncertain tax positions that require recognition in the consolidated financial statements. The Organization, while generally exempt from income tax, is subject to tax on income unrelated to their exempt purposes, unless that income is otherwise excluded by the Code. The Organization has not historically filed any unrelated business income tax returns, therefore, tax years remain open for years in which an income tax return has not been filed. The Organization recognizes, if necessary, interest and penalties related to unrecognized tax benefits in the provision for income taxes. There were no interest or penalties related to income taxes that have been accrued or recognized as of and for the year ended December 31, 2014.”

Schedule D, Part XI, Line 2D

“Other Changes to Revenue Fundraising Expenses Reported with Revenue $16,983 Loss on Sale of Fixed Assets Reported with Revenue 61,844 ------- Total 78,827”

Schedule D, Part XII, Line 2D

“Other Changes to Expenses Fundraising Expenses Reported with Revenue $16,983 Loss on Sale of Fixed Assets Reported with Revenue 61,844 ------- Total 78,827”

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IRS990/Desc0For nearly 60 years, Michigan Blood has proudly served Michigan hospitals as an independent, community-based, nonprofit blood center. In addition to blood donation, Michigan Blood administers a variety of key programs and specialty services that further our lifesaving mission. These services include a nationally recognized center for the National Marrow Donor Program, one of only 25 public cord blood banks in America, and we work alongside local hospitals to deliver a number of medical services and therapeutic procedures. Michigan Blood is also affiliated with the Centers for Transfusion and Transplant Medicine, an organization whose members share resources and expertise to improve patient outcomes, as well as conduct leading edge medical research and provide nationwide diagnostic lab services. To learn more about the program services Michigan Blood provides please see detailed descriptions below: Blood Donation: Volunteer Blood donors give blood at nine permanent donor centers throughout Michigan and at blood drives hosted by community organizations and businesses. Each Michigan Blood region also operates a self-contained donor center on wheels. These "Blood Buses" help expand our reach to small communities and urban areas where space is at a premium. See www.miblood.org for a comprehensive list of donation locations. Apheresis: Special equipment makes it possible to collect one or more specific blood components from a donor, while returning the remaining components back to the donor. Apheresis donations allow a greater quantity of one component to be drawn versus a standard whole blood donation. These larger component-specific donations help reduce the number of donors a patient is exposed to, which is preferred by most physicians. Also, patients with diseases such as TTP, kidney rejection, myasthenia gravis, sickle cell disease, or leukemia can be treated by the removal of one or more blood components using therapeutic apheresis technology. Michigan Blood staff and equipment travel to Grand Rapids area hospitals to make this service available as needed. Marrow/Stem Cell Program: In the past 20 years, Michigan Blood Marrow/Stem Cell program has established one of the premier donor-recruitment records in the United States, adding more than 56,000 individuals with advanced tissue typing to the registry of potential stem cell donors maintained by the Be the Match Registry (National Marrow Donor Program). In 2010, the Donor Center received the Donor Management Recognition Award, a lifetime achievement award. The Marrow/Stem Cell Program also provides support services for patients and families seeking compatible stem cell donors. Stem cell transplants remain the primary source of hope for patients with certain kinds of life-threatening diseases. Michigan Blood has helped facilitate lifesaving stem cell transplants for more than 600 people around the world. Cord Blood Bank: Michigan Blood Cord Blood Bank, the first of its kind in Michigan, has collected and stored blood from more than 4,093 umbilical cords. Cord blood is rich in stem cells and cord blood transplantation is finding increasing application in children and adults around the globe suffering from certain life-threatening diseases. Local availability of stem cell collection, processing, storage, and pre-transplant preparation supports the local transplant program's ability to offer advanced medical care. It also offers increased convenience and reduced stress for patients and families who previously had to travel long distances for transplant services. Cellular Therapy: As part of an ever-changing landscape, Michigan Blood supports personalized cellular therapy treatments used in a number of cancers and other life-threatening diseases. For instance, Michigan Blood collects cells from prostate cancer patients to be used in the preparation of personalized treatments. Other applications are routinely being researched and trialed in hopes of gaining FDA approval. The departm
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IRS990/Form990PartVIISectionAGrp/PersonNm2Chuck Downey
IRS990/Form990PartVIISectionAGrp/PersonNm3John J Perras
IRS990/Form990PartVIISectionAGrp/PersonNm4Jack O'Donnell
IRS990/Form990PartVIISectionAGrp/PersonNm5Mitchell G Watt
IRS990/Form990PartVIISectionAGrp/PersonNm6Linda Constantino
IRS990/Form990PartVIISectionAGrp/PersonNm7Paul Keep
IRS990/Form990PartVIISectionAGrp/PersonNm8Derek Bailey
IRS990/Form990PartVIISectionAGrp/PersonNm9Pat Howe
IRS990/Form990PartVIISectionAGrp/PersonNm10Charleen C Mello
IRS990/Form990PartVIISectionAGrp/PersonNm11LeeAnn Wietekamp
IRS990/Form990PartVIISectionAGrp/PersonNm12Mark Palkowski
IRS990/Form990PartVIISectionAGrp/PersonNm13Tammon Nash
IRS990/Form990PartVIISectionAGrp/PersonNm14Robert Eluskie
IRS990/Form990PartVIISectionAGrp/PersonNm15Maggie Groggel
IRS990/Form990PartVIISectionAGrp/PersonNm16Jen Heraly
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP of Quality & Medical Svcs
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP of Operations-Thru 10/2014
IRS990/Form990PartVIISectionAGrp/TitleTxt13Associate Medical Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director of Info Technology
IRS990/Form990PartVIISectionAGrp/TitleTxt15APPLICATION ANALYST
IRS990/Form990PartVIISectionAGrp/TitleTxt16Dir. of Reg. Compliance/QA
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IRS990/MissionDesc0THE PURPOSE OF MICHIGAN BLOOD IS TO PROVIDE A SAFE AND ADEQUATE BLOOD SUPPLY AND BLOOD-RELATED SERVICES FOR THE COMMUNITIES SERVED BY HOSPITAL PARTNERS THROUGHOUT THE STATE. MICHIGAN BLOOD IS THE SOLE PROVIDER OF BLOOD FOR 41 HOSPITAL FACILITIES. THESE HOSPITALS INCLUDE MAJOR MEDICAL CENTERS (SECONDARY- AND TERTIARY-CARE TEACHING FACILITIES) SERVING POPULATIONS TOTALING MORE THAN 2.25 MILLION PEOPLE. THROUGH DONOR CENTERS AND BLOOD DRIVES IN NORTHWEST, EAST-CENTRAL, WEST, AND SOUTHWEST MICHIGAN, MICHIGAN BLOOD RECRUITS AND COLLECTS BLOOD FROM VOLUNTEER DONORS TO ACHIEVE ITS LIFESAVING MISSION. ANNUALLY, MICHIGAN BLOOD COLLECTS APPROXIMATELY 124,000 UNITS OF BLOOD FROM VOLUNTEER BLOOD DONORS AND DISTRIBUTES 238,000 BLOOD COMPONENTS.
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IRS990/PayrollTaxesGrp/TotalAmt01172768
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0290288
IRS990/PensionPlanContributionsGrp/TotalAmt0326270
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IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt010150
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0133467
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0521798
IRS990/PrincipalOfficerNm0William Rietscha
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0BLOOD PRODUCTS/TESTING
IRS990/ProgramServiceRevenueGrp/Desc1SPECIAL SERVICES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14631683
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt036474765
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14631683

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,713,554
Liabilities
$4,246,457
Net assets
$29,467,097
Revenue
$44,041,354
Expenses
$41,902,724
Net income
$2,138,630
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$49.4$5.22$44.2$74.8$69.6$5.15
2023Detailed filing. Detailed filing data is available for this year.$44.7$6.08$38.7$69.0$65.4$3.67
2022Detailed filing. Detailed filing data is available for this year.$40.6$5.58$35.0$65.2$63.9$1.33
2021Detailed filing. Detailed filing data is available for this year.$40.8$5.13$35.7$66.5$63.2$3.31
2020Detailed filing. Detailed filing data is available for this year.$38.4$6.25$32.1$59.9$58.6$1.35
2019Detailed filing. Detailed filing data is available for this year.$33.9$4.21$29.7$58.1$59.1$1.06
2018Summary only. Only limited summary data is available for this year.$34.3$5.11$29.2$56.1$56.7$0.65
2017Detailed filing. Detailed filing data is available for this year.$37.4$6.53$30.8$56.6$55.1$1.44
2016Detailed filing. Detailed filing data is available for this year.$35.4$6.67$28.7$56.8$57.1$0.26
2015Detailed filing. Detailed filing data is available for this year.$34.8$6.28$28.6$47.6$47.6$0.03
2014Detailed filing. Detailed filing data is available for this year.$33.7$4.25$29.5$44.0$41.9$2.14
2013Summary only. Only limited summary data is available for this year.$33.0$3.43$29.6$24.1$21.2$2.90
2012Summary only. Only limited summary data is available for this year.$29.6$3.84$25.8$41.4$41.5$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$3.43$25.7$36.2