Civic Intelligence

Carter Bloodcare

990 • Fiscal year 2019 • EIN 75-1035606

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

2205 Highway 121Bedford, TX 76021

(817) 412-5121

Siviq Scores

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

Liabilities / Assets

27th percentile

0.11x

Higher debt load relative to assets than 27% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

19th percentile

0.13x

Higher debt load relative to revenue than 19% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Net Margin

55th percentile

5.1%

Higher net margin than 55% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$2,177,012

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

69th percentile

10%

Faster asset growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

2.9%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Up

$141,161,215

Up $13,199,639 (+10%) from 2018

Net Assets

Up

$125,240,744

Up $15,103,452 (+14%) from 2018

Liabilities

Down

$15,920,471

Down $1,903,813 (-11%) from 2018

Revenue

Up

$118,936,087

Up $3,407,495 (+2.9%) from 2018

Expenses

Up

$112,836,822

Up $3,241,149 (+3.0%) from 2018

Net Income

Up

$6,099,265

Up $166,346 (+2.8%) from 2018

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $91,880,774Liabilities 2010: $21,313,641Net Assets 2010: $70,567,1332010Assets 2011: $100,405,131Liabilities 2011: $21,836,781Net Assets 2011: $78,568,3502011Assets 2012: $111,834,043Liabilities 2012: $29,286,449Net Assets 2012: $82,547,5942012Assets 2013: $120,403,878Liabilities 2013: $28,294,716Net Assets 2013: $92,109,1622013Assets 2014: $123,125,181Liabilities 2014: $24,637,024Net Assets 2014: $98,488,1572014Assets 2015: $122,085,716Liabilities 2015: $23,427,453Net Assets 2015: $98,658,2632015Assets 2016: $124,070,064Liabilities 2016: $20,664,926Net Assets 2016: $103,405,1382016Assets 2017: $133,073,750Liabilities 2017: $19,476,335Net Assets 2017: $113,597,4152017Assets 2018: $127,961,576Liabilities 2018: $17,824,284Net Assets 2018: $110,137,2922018Assets 2019: $141,161,215Liabilities 2019: $15,920,471Net Assets 2019: $125,240,7442019Assets 2020: $156,013,768Liabilities 2020: $12,997,982Net Assets 2020: $143,015,7862020Assets 2021: $86,713,198Liabilities 2021: $11,034,045Net Assets 2021: $75,679,1532021Assets 2022: $107,029,371Liabilities 2022: $25,402,783Net Assets 2022: $81,626,5882022Assets 2023: $110,398,805Liabilities 2023: $25,989,573Net Assets 2023: $84,409,2322023Assets 2024: $118,371,243Liabilities 2024: $26,451,252Net Assets 2024: $91,919,9912024

Highlighted filing

2019

Assets$141,161,215
Liabilities$15,920,471
Net Assets$125,240,744

Operations Trend

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

$300M$200M$100M$0-$100MExpenses 2010: $118,577,8672010Expenses 2011: $118,577,2712011Expenses 2012: $124,077,8002012Revenue 2013: $129,383,685Expenses 2013: $122,105,192Net Income 2013: $7,278,4932013Revenue 2014: $121,532,228Expenses 2014: $115,232,353Net Income 2014: $6,299,8752014Revenue 2015: $110,158,883Expenses 2015: $108,047,230Net Income 2015: $2,111,6532015Revenue 2016: $110,733,623Expenses 2016: $105,781,365Net Income 2016: $4,952,2582016Revenue 2017: $112,000,023Expenses 2017: $106,959,246Net Income 2017: $5,040,7772017Revenue 2018: $115,528,592Expenses 2018: $109,595,673Net Income 2018: $5,932,9192018Revenue 2019: $118,936,087Expenses 2019: $112,836,822Net Income 2019: $6,099,2652019Revenue 2020: $130,497,492Expenses 2020: $118,028,278Net Income 2020: $12,469,2142020Revenue 2021: $136,887,496Expenses 2021: $207,199,867Net Income 2021: -$70,312,3712021Revenue 2022: $137,321,425Expenses 2022: $130,992,539Net Income 2022: $6,328,8862022Revenue 2023: $147,283,842Expenses 2023: $144,534,855Net Income 2023: $2,748,9872023Revenue 2024: $160,711,753Expenses 2024: $153,750,935Net Income 2024: $6,960,8182024

Highlighted filing

2019

Revenue$118,936,087
Expenses$112,836,822
Net Income$6,099,265
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.0
Gross Receipts
$134,227,936
Mission and Program Overview

Mission

Carter bloodcare saves lives by making transfusion possible.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$49,817,494$54,537,936▲ $4,720,442
Land, Buildings, and Equipment, Net$42,442,129$42,638,324▲ $196,195
Investments Other Securities$12,126,337$16,842,557▲ $4,716,220
Accounts Receivable$8,673,408$8,933,624▲ $260,216
Cash and Non-Interest-Bearing Accounts$5,444,286$5,459,307▲ $15,021
Savings and Temporary Cash Investments$3,047,817$4,631,695▲ $1,583,878
Prepaid Expenses and Deferred Charges$1,277,478$2,948,689▲ $1,671,211
Inventories for Sale or Use$2,906,307$2,196,151▼ $710,156
Pledges and Grants Receivable-$500,000-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$127,961,576$141,161,215▲ $13,199,639
Other Assets Total$2,226,320$2,472,932▲ $246,612
Liabilities
Accounts Payable and Accrued Expenses$8,494,958$9,752,818▲ $1,257,860
Mortgage Notes Payable Secured by Investment Property$6,380,807$4,328,228▼ $2,052,579
Escrow Account Liability$2,948,519$1,729,638▼ $1,218,881
Other Liabilities-$109,787-
Total Liabilities$17,824,284$15,920,471▼ $1,903,813
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$107,616,897$121,752,290▲ $14,135,393
Net Assets With Donor Restrictions$2,520,395$3,488,454▲ $968,059
Total Net Assets Fund Balance$110,137,292$125,240,744▲ $15,103,452
Total Liabilities and Net Assets / Fund Balance$127,961,576$141,161,215▲ $13,199,639

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,830,680$21,190,141$49,020,821
Equipment$6,331,596$22,784,852$29,116,448
Other Land Buildings$1,598,526$12,221,577$13,820,103
Land$6,877,522-$6,877,522

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,520,395$852,785▲ $181,816$66,542$3,488,454
2018$2,643,243$87,647▼ $106,902$103,593$2,520,395
2017$2,608,748$90,924▲ $119,457$175,886$2,643,243
2016$2,552,442$133,100▲ $18,250$95,044$2,608,748
2015$2,712,244$37,300▼ $64,906$132,196$2,552,442
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MERLYN H SAYERS MBBCh PhDCEOFT$672,232$53,467$2,177,012
Shankar GoudarVP Corp ServiceFT$330,928$54,033$395,904
Geeta ParanjapeMedical DirectorFT$290,004$65,097$361,044
Billy SmithVP Regional OpsFT$272,579$81,286$353,865
Geoffrey LandTech Sup Hla SrvcsFT$321,332$78,527$321,367
Todd NishimotoMedical DirectorFT$260,419$48,444$318,936
William CrewsMedical DirectorFT$263,935$20,812$310,117
Geoffrey GrahamSr Director Proc ImprovFT$260,019$11,587$271,200
Nancy PerezCFOFT$173,727$41,916$233,511
Lesley KresieMedical DirectorFT$162,447$43,527$196,102
Damon NirodeIt DirectorFT$179,409$1,416,677$192,668
Terrie HendersonDirector HrFT$159,968$36,108$187,171
Butta MasihClinical Aph RnFT$173,546$31,794$184,923

Board Members and Trustees

NameTitle
Jay CourtrightChairman
Mark HoodAsst Vice-Chair
Jim ChapmanVice Chairman
Anette Soto LanderosDirector
Brian BeckerDirector
Craig FlorenceDirector
David MackDirector
Ellison Hurt IiiDirector
George Roberts JrDirector
James LouisDirector
Jonathan CromerDirector
Karanae Spradlin DuaneDirector
Karen RoushDirector
Natalie WilkinsDirector
Pamela JensenDirector
Patrick KinderDirector
Randy WildDirector
John B HuckSecretary
Jane SullivanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Creative Testing SolutionsTesting2205 HIGHWAY 121, Bedford, TX 76021$11,557,077
Star Delivery ServiceDeliveryPO BOX 3613, Houston, TX 77253$1,632,150
717 Media Group LLCAdvertising1719 ANGEL PARKWAY SUITE 400 170, Allen, TX 75002$762,462
Aabb National Blood ExchangeBlood Exchange4550 MONTGOMERY AVE SUITE 700, Bethesda, MD 20814$542,042
Ut Southwestern Medical CntrMedical Consulting5323 HARRY HINES BLVD, Dallas, TX 75390$401,864
Revenue and Support

Revenue Composition

Contributions and Grants
$1,316,197
Program Service Revenue
$112,288,510
Investment Income
$2,802,282
Other Revenue
$2,529,098
All Other Contributions
$1,316,197
Change in Net Assets
$6,099,265
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$60,467,703
Other Expenses$52,369,119
Total Fundraising Expense$22,136
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$38,284,672$4,519,487$16,779$42,820,938
Office Expenses$20,631,739$686,449$156$21,318,344
Other Employee Benefits$7,272,378$1,150,532$1,978$8,424,888
Current Officers, Directors, Trustees, and Key Employees$1,186,198$3,160,292-$4,346,490
Occupancy$3,806,497$396,119$508$4,203,124
Depreciation Depletion$2,891,055$874,963-$3,766,018
Payroll Taxes$2,871,559$502,813$1,208$3,375,580
Information Technology$225,082$1,733,542-$1,958,624
Pension Plan Contributions$1,164,823$333,888$1,096$1,499,807
Fees for Services Other$782,829$505,814-$1,288,643
Advertising$935,023$173,251$76$1,108,350
Travel$527,853$185,895$210$713,958
Insurance-$631,203-$631,203
Fees for Services Legal-$373,446-$373,446
Other Expenses$2,761,703$229,544-$229,544
Fees for Service Investment Mgmnt Fees$191,972--$191,972
Conferences and Meetings$67,304$83,994$125$151,423
Interest-$126,839-$126,839
Fees for Services Accounting-$63,445-$63,445
Total Functional Expenses$97,083,170$15,731,516$22,136$112,836,822
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Incentive Obligation$94,468
Curr Maturity of Lease Incentive$15,319
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 35% controlled entity
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Director Craig Florence's firm, Foley & Lardner LLP, provides legal service to Director Patrick Kinder's employer, Socrates Health Solutions.

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 is reviewed by the finance and audit committee of the board of directors which then reports their review out to the full board of directors. The 990 is distributed to each board member before it is filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflict of interest statements are required to be completed annually by members of the board of directors, officers and key employees and are reviewed by the board of directors and an officer.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation for officers and key employees are determined based on job performance appraisals, independent compensation consultants and compensation surveys. The compensation adjustment for the ceo and vice presidents is reviewed by both the compensation committee of the board of directors and the full board and must be approved by them.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Carter bloodcare makes its governing documents, conflict of interest policies or financial statements available to the public upon request and verification of identity of requestor.

Filing and Contact Details

Filer

Filer Name
Carter Bloodcare
EIN
75-1035606
Phone
8174125121
Address
2205 HIGHWAY 121, BEDFORD, TX 76021

Signing Officer

Name
Nancy Perez
Title
CFO
Signed
2020-11-12

Organization Details

Formed
1959
Legal Domicile
TX
Voting Board Members
19
Independent Board Members
19
Employees
1,106
Volunteers
3,510
Supplemental Narrative

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

The Organization has a 457(b) retirement plan covering certain executives.

Part V, Line 4: Intended uses of the endowment fund.

Charitable $2,639,733Research $848,721

Part X : FIN48 Footnote

GAAP requires management to evaluate tax positions taken by the Organization and recognize a tax liability if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization and has concluded that as of December 31, 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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IRS990/Desc0CARTER BLOODCARE IS THE PRIMARY PROVIDER OF BLOOD COMPONENTS AND TRANSFUSION SERVICES FOR MORE THAN 200 TEXAS HEALTH CARE FACILITIES. THESE FACILITIES INCLUDE OUR REGION'S CHILDREN'S HOSPITALS, CENTRAL TRAUMA CENTERS, MAJOR CANCER CENTERS, AND TRANSPLANT CENTERS.IN 2019, CARTER BLOODCARE PROVIDED OVER 300,000 BLOOD COMPONENTS FOR AREA PATIENTS. PHYSICIANS ORDER BLOOD FOR MANY PATIENTS EACH DAY WITHIN CARTER BLOODCARE'S SERVICE AREA, AND MOST PATIENTS RECEIVE MORE THAN ONE TRANSFUSION.CARTER BLOODCARE OFFERS BLOOD DONORS AND PATIENTS MANY CONVENIENT DONATION OPPORTUNITIES AT OUR NETWORK OF 25 DONOR CENTERS THROUGHOUT NORTH, CENTRAL AND EAST TEXAS. WE ALSO OPERATE AN AVERAGE OF 20-25 DAILY BLOOD DRIVES IN THE COMMUNITY. TO MEET THE NEEDS OF PATIENTS, WE MUST REGISTER ABOUT 1,000 BLOOD DONORS EACH DAY.IN ADDITION TO PROVIDING BLOOD COMPONENTS FOR PATIENTS, CARTER BLOODCARE ALSO PROVIDES SPECIALIZED LABORATORY AND PATIENT CARE SERVICES AND PHYSICIAN CONSULTATION. CARTER BLOODCARE PARTICIPATES IN THE EDUCATION OF PROFESSIONALS IN TRANSFUSION MEDICINE AND MEDICAL TECHNOLOGISTS SPECIALIZING IN BLOOD BANKING.CARTER BLOODCARE SAVES LIVES BY MAKING TRANSFUSION POSSIBLE.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$118$26.5$91.9$161$154$6.96
2023Detailed filing. Detailed filing data is available for this year.$110$26.0$84.4$147$145$2.75
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$107$25.4$81.6$137$131$6.33
2021Detailed filing. Detailed filing data is available for this year.$86.7$11.0$75.7$137$207$70.3
2020Detailed filing. Detailed filing data is available for this year.$156$13.0$143$130$118$12.5
2019Detailed filing. Detailed filing data is available for this year.$141$15.9$125$119$113$6.10
2018Detailed filing. Detailed filing data is available for this year.$128$17.8$110$116$110$5.93
2017Detailed filing. Detailed filing data is available for this year.$133$19.5$114$112$107$5.04
2016Detailed filing. Detailed filing data is available for this year.$124$20.7$103$111$106$4.95
2015Detailed filing. Detailed filing data is available for this year.$122$23.4$98.7$110$108$2.11
2014Detailed filing. Detailed filing data is available for this year.$123$24.6$98.5$122$115$6.30
2013Detailed filing. Detailed filing data is available for this year.$120$28.3$92.1$129$122$7.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$112$29.3$82.5$124
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$100$21.8$78.6$119
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.9$21.3$70.6$119
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $100M-$250M nonprofits