Civic Intelligence

Blood Systems Inc Group Return

EIN 81-1084129 • 501(c)3 • Scottsdale, AZ

Profile

See Schedule O for Further Detail.

PO Box 1867Scottsdale, AZ 85252

www.bloodsystems.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.43x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

22nd percentile

0.14x

Higher debt load relative to revenue than 22% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2018

Net Margin

25th percentile

-2.7%

Higher net margin than 25% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

2nd percentile

-29%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

47th percentile

6.0%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Assets

Down

$33,306,737

Down $13,877,230 (-29%) from 2017

Liabilities

Down

$14,190,201

Down $16,394,798 (-54%) from 2017

Net Assets

Up

$19,116,536

Up $2,517,568 (+15%) from 2017

Revenue

Up

$98,154,806

Up $5,594,413 (+6.0%) from 2017

Expenses

Up

$100,787,166

Up $7,079,274 (+7.6%) from 2017

Net Income

Down

-$2,632,360

Down $1,484,861 (-129%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2016: $44,781,718Liabilities 2016: $27,788,102Net Assets 2016: $16,993,6162016Assets 2017: $47,183,967Liabilities 2017: $30,584,999Net Assets 2017: $16,598,9682017Assets 2018: $33,306,737Liabilities 2018: $14,190,201Net Assets 2018: $19,116,5362018

Highlighted filing

2018

Assets$33,306,737
Liabilities$14,190,201
Net Assets$19,116,536

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MRevenue 2016: $100,245,950Expenses 2016: $102,551,522Net Income 2016: -$2,305,5722016Revenue 2017: $92,560,393Expenses 2017: $93,707,892Net Income 2017: -$1,147,4992017Revenue 2018: $98,154,806Expenses 2018: $100,787,166Net Income 2018: -$2,632,3602018

Highlighted filing

2018

Revenue$98,154,806
Expenses$100,787,166
Net Income-$2,632,360

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$106,218,164
Mission and Program Overview

Mission

See Schedule O for Further Detail.

Blood banking and research. See schedule o for more information.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,985,476$11,845,852▼ $1,139,624
Investments in Publicly Traded Securities$11,232,579$11,062,822▼ $169,757
Accounts Receivable$13,362,701$7,178,640▼ $6,184,061
Cash and Non-Interest-Bearing Accounts$1,060,093$1,561,984▲ $501,891
Inventories for Sale or Use$6,332,327$866,989▼ $5,465,338
Investments Other Securities$374,067$0▼ $374,067
Savings and Temporary Cash Investments$1,062,513$174,882▼ $887,631
Prepaid Expenses and Deferred Charges$321,248$133,121▼ $188,127
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$47,183,967$33,306,737▼ $13,877,230
Other Assets Total$452,963$482,447▲ $29,484
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,243,157$8,212,946▼ $3,030,211
Accounts Payable and Accrued Expenses$17,905,057$5,512,351▼ $12,392,706
Deferred Revenue$659,172$0▼ $659,172
Other Liabilities$777,613$464,904▼ $312,709
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$30,584,999$14,190,201▼ $16,394,798
Net Assets / Fund Balance
Unrestricted Net Assets$16,598,968$19,116,536▲ $2,517,568
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$16,598,968$19,116,536▲ $2,517,568
Total Liabilities and Net Assets / Fund Balance$47,183,967$33,306,737▼ $13,877,230

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,071,828$6,896,086$13,967,913
Equipment$163,644$8,084,829$9,865,646
Land$2,582,743-$2,582,743
Other Land Buildings$246,820$374,528$621,348
Leasehold Improvements$1,780,817$31,953$195,597
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frederick Axelrod MDTrustee/CEO/Pres/Sec - LSFT$413,973$32,275$446,248
Dennis M Todd PhdPresident/CEO - BcrbcFT$384,560$50,590$435,150
Donald J ChaffinVP Chief Medical Officer - LSFT$308,847$32,055$340,902
Scott A MillerVP Bus Dev/CFO - LsFT$255,704$31,339$287,043
Kevin D MooreVP Operations - LsFT$175,021$23,802$198,823
Michael T DavenportRegional Director - BCRBCFT$192,771$342$193,113
Julianna H QuarlesVP Tech/clinical Affairs - LsFT$146,327$30,385$176,712
Donald HunyhTechnical Director - LsFT$130,872$17,597$148,469
James R SchraithTrustee - Ls--$40,125$40,125
John S LewisTrustee/chair-bcrbc,trustee-ls--$37,000$37,000
Paul E Stander MdTrustee - Bcrbc--$23,500$23,500
James PetersonTRUSTEE/Vice Chair - LS--$22,500$22,500
Terri L Proctor EsqTRUSTEE/Treasurer - LS--$22,500$22,500

Board Members and Trustees

NameTitle
William PowersTrustee/chairman - Ls
Joseph L ArenaTrustee/vice Chair - Bcrbc
David GreenTrustee - Bcrbc
Marc P PressTrustee - Bcrbc
Eric Frykman MDTrustee - Ls
Frank Ercoli MdTrustee - Ls
Michael Sequeira MdTrustee - Ls
Raymond ProsperoTrustee - Ls
Thelma Korpman MdTrustee - Ls
Kevin ClowardTrustee - Ls (thru 7/18)
Bhavi ShahTrustee/sec/treas/gc-bcrbc
Tanya PerryEvp/CFO - Bcrbc
Susan BarnesFormer CFO - BCRBC

Highest Paid Contractors

ContractorServicesLocationCompensation
Creative Testing SolutionsBlood Testing Svcs2424 W ERIE DR, Tempe, AZ 85282$7,391,653
Merchants Building Maintenance LLCMaintenance Services1190 Monterey Park, Monterey Park, CA 91754$260,743
Deliver-itDelivery ServicesPO BOX 4920, Cerritos, CA 90703$221,796
IT Synergistics LLCIt Consultant26 Security Drive, Jacksonville, TN 38305$144,872
UpsDelivery ServicesPO Box 894820, Los Angeles, CA 90189$117,565
Revenue and Support

Revenue Composition

Contributions and Grants
$322,569
Program Service Revenue
$97,336,067
Investment Income
$496,170
Other Revenue
$0
All Other Contributions
$322,569
Change in Net Assets
$-2,632,360

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table99$215,7090
Total Noncash Contributions99$215,709-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$64,176,715
Salaries, Compensation, and Employee Benefits$36,362,803
Grants and Similar Amounts Paid$247,648
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,540,110$5,880,488-$27,420,598
Other Employee Benefits$4,040,137$1,030,787$0$5,070,924
Other Expenses$2,838,991$-27,186$0$2,811,805
Occupancy$918,150$1,788,706$0$2,706,856
Office Expenses$1,479,413$1,102,241$0$2,581,654
Fees for Services Legal$0$2,083,751$0$2,083,751
Payroll Taxes$1,551,631$487,634$0$2,039,265
Travel$314,265$1,683,412$0$1,997,677
Depreciation Depletion$522,703$860,716$0$1,383,419
Current Officers, Directors, Trustees, and Key Employees-$1,043,460-$1,043,460
Fees for Services Other$761,887$213,960-$975,847
Information Technology$249,828$582,896$0$832,724
Pension Plan Contributions$620,026$168,530$0$788,556
Insurance$235,889$197,997$0$433,886
Interest$0$427,163$0$427,163
Advertising$282,325$0$0$282,325
Grants to Domestic Orgs$247,648--$247,648
Fees for Service Investment Mgmnt Fees$0$89,903-$89,903
Fees for Services Accounting$0$32,200$0$32,200
Total Functional Expenses$83,140,508$17,646,658$0$100,787,166
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
VitalantScottsdale, AZ501(c)(3)Blood Research$241,122
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Retirement Plan Payable Lt$464,904
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 1A

IN RESPECT TO LIFESTREAM, LIFESTREAMS EXECUTIVE COMMITTEE HAS THE POWERS OF THE BOARD OF TRUSTEES BETWEEN BOARD MEETINGS, UNLESS PROHIBITED BY LAW, THE ARTICLES OF INCORPORATION, amended and restated bylaws, OR AFFILIATION AGREEMENT WITH VITALANT.

Form 990, Part VI, Line 6

Vitalant is the sole corporate member of bcrbc and lifestream.

Form 990, Part VI, Line 7A

As the sole member, vitalant shall have the right to appoint and remove the officers and directors of bcrbc. Vitalant, as the sole corporate member of lifestream, will have the right to nominate two vitalant designated directors to serve as full voting members of lifestream board. Lifestream will have the right to approve the nomination.

Form 990, Part VI, Line 7B

In addition to the rights and powers afforded to vitalant as the corporate member, vitalant has the following rights with respect to bcrbc: (a) authority to operate the corporation in a manner consistent with the corporations articles of incorporation and bylaws. (b) approve election and removal of directors and officers; (c) approve amendment of the articles of incorporation of the corporation; (d) approve amendment of the bylaws of the corporation; (e) approve merger, consolidation or dissolution of the corporation. Vitalant, as the sole corporate member of lifestream, has the right of final approval of the following actions, but the lifestream board will have primary responsibility: 1) to nominate members of lifestreams board, 2) establishment of goals and monitoring and evaluating the performance of lifestreams president/ceo, 3) development of lifestreams strategic plan, 4) adoption of lifestreams annual operating and capital budget. Vitalant reserves the right of final approval of the following actions, and lifestream will give advance notice prior to talking any of the following actions: 1) changes to lifestreams mission statement, 2) changes to lifestream articles of incorporation and bylaws, 3) establishment of any joint ventures, mergers, partnerships, subsidiaries and affiliations between lifestream and any other organization, 4) decisions related to the hiring and termination of lifestreams president/ceo, 5) approving the incurrence or refinancing of debt of lifestream in excess of $250,000 in aggregate, other than in the ordinary course of business, 6) approving any sale of lifestream assets in excess of $250,000 in aggregate, other than in the ordinary course of business. Vitalant reserves the right to select the lifestream independent auditors (external and internal) following consultation with the lifestream board.

Form 990, Part VI, Line 11B

The form 990 is prepared by an outside accounting firm based on information provided by the finance team. A copy of the draft form 990 and schedules is supplied to all current board members prior to the meeting held to accept the returns. Members of management review the form 990 with the board and are available for answering questions. Any comments from the board are considered prior to filing the form 990 with the irs.

Form 990, Part VI, Line 12C

BCRBC EACH YEAR, THE BOARD OF TRUSTEES AND SENIOR MANAGEMENT ARE REQUESTED TO SIGN AND RETURN A CONFLICT OF INTEREST FORM TO COMPANY COUNSEL. ANY CONFLICTS DISCLOSED ARE DISCUSSED IN EXECUTIVE SESSION WITH THE BOARD AND RESOLVED. IN ADDITION, IN PREPARATION FOR THE FORM 990 FILING, THE TRUSTEES, OFFICERS AND KEY EMPLOYEES IDENTIFIED ARE REQUIRED TO RESPOND TO A COMPREHENSIVE CONFLICT OF INTEREST AND FAMILY RELATIONSHIP QUESTIONNAIRE. ANY CONFLICTS DISCLOSED ARE DISCUSSED WITH THE BOARD AND DISCLOSED APPROPRIATELY ON THE FORM 990. LIFESTREAM LIFESTREAM DOES NOT HAVE AN ACTIVE CONFLICT OF INTEREST POLICY; HOWEVER, IN PREPARATION FOR THE FORM 990 FILING, THE TRUSTEES, OFFICERS AND KEY EMPLOYEES IDENTIFIED ARE REQUIRED TO RESPOND TO A COMPREHENSIVE CONFLICT OF INTEREST AND FAMILY RELATIONSHIP QUESTIONNAIRE. ANY CONFLICTS DISCLOSED ARE DISCUSSED WITH THE BOARD AND DISCLOSED APPROPRIATELY ON THE FORM 990. FORM 990, PART VI, LINE 13 LifeStream does not have a written whistleblower policy in effect.

Form 990, Part VI, Lines 15A and 15B

The board of directors has an executive committee who serve as the compensation committee, and whose purpose is, among other things, to provide data on the competitiveness of salaries and benefits for the ceo and make recommendations back to the full board for approval.

Form 990, Part VI, Line 19

The form 990 is made available upon written request. The form 990 for current and past years is also posted on guidestar for organizations to access. The governing documents and conflict of interest policy are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Vitalant Group Return
EIN
81-1084129
In Care Of
% TANYA PERRY
Phone
4809464201
Address
PO Box 1867, Scottsdale, AZ 85252

Signing Officer

Name
Tanya Perry
Title
Executive VP, CFO
Phone
4806755506
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Green
Voting Board Members
15
Independent Board Members
13
Employees
765
Volunteers
252

Preparer

Firm
Ernst & Young US Llp
Address
TWO NORTH CENTRAL AVENUE STE 2300, PHOENIX, AZ 85004
Preparer
Patrick Shields
Phone
6023223000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 2 and Part III, Line 3

The vitalant group exemption includes the following: 1) vitalant - the central organization / parent 2) bergen community regional blood center ("bcrbc") - subordinate 3) blood bank of san bernardino and riverside counties ("lifestream") - subordinate this group return represents the activities of the subordinates. Vitalant, as the central organization, files its own form 990. Effective january 1, 2019 bergen community regional blood center ("bcrbc") merged into vitalant. Vitalant is the surviving enity. Bcrbc continues to operate services and programs as previously, now as an integral part of vitalant.

Form 990, Part III, Line 1

Vitalant the mission of vitalant is to make a difference in people's lives by bringing together the best people, inspiring individuals to donate blood, producing a safe and ample blood supply, advancing cutting-edge research and embracing continuous quality improvement. Vitalant, one of the nation's oldest and largest nonprofit community blood service providers, supplies comprehensive transfusion medicine services to nearly 1,000 hospitals and health care partners for patients in need across 40 states. Bcrbc the mission of bcrbc is to promote the health of our community by providing high-quality blood and tissue services, education and innovative research, utilizing state-of-the-art technology. Lifestream the mission of lifestream, a nonprofit organization engaged in the collection, development, and disbursement of blood and blood products, is to help save lives by connecting donors and patients through the gift of blood. In addition to collecting and supplying blood through a number of fixed collection sites and blood drives around the san bernardino and riverside counties, lifestream prepares and supplies specialty blood products to patients throughout the counties it serves.

Form 990, Part III, Line 4A

Bcrbc promote the health of our community by providing high-quality blood and tissue services, education and innovative research, utilizing state-of-the-art technology in synergy with strategic partnerships and alliances. Lifestream approximately 143,708 individuals donated more than 105,584 blood cells and 18,126 apheresis collections that provided platelets, plasma and red blood cells. Blood was collected at fixed collection sites and blood drives throughout the san bernardino and riverside communities. Lifestream also supplied specialty products such as red cells and plasma for pediatric patients, high dose white blood cells to treat patients with infections, large volume apheresis plasma for burn, trauma and transplant patients and pooled cryoprecipitate and factor concentrates for patients with bleeding disorders. Autologous and directed donation services were made available to patients and their families who desired to donate blood in advance of anticipated need. As one of two aabb (american association of blood banks) accredited immunohematology labs in san bernardino and riverside counties, lifestream is an expert at solving complex problems involving rare blood types and other sophisticated blood center services and prepares specialized blood products for unique blood conditions. Lifestream also contributes to the education and advancement of the blood banking and transfusion community by offering continuing education programs, internships for students, and lectures for hospitals and medical societies.

Form 990, Part IV, Line 2

The following organization is required to complete schedule b, schedule of contributors: lifestream.

Form 990, Part IV, Line 21

The following organization reported more than $5,000 of grants or other assistance to any domestic organization or domestic government on part ix, column (a), line 1: bcrbc.

Form 990, Part XI, Line 9

Net asset transfer due to merger $ 6,080,610 ------------- total $ 6,080,610

Financial Statement Notes

Schedule D, Part X, Line 2

At december 31, 2018, the company evaluated whether it had uncertain tax positions that should be recognized or derecognized based on a 'more likely than not' threshold for tax positions taken or expected to be taken in a tax return, including those tax positions that would not be sustained upon examination in accordance with guidance related to asc 740 "accounting for uncertainty in income taxes." the tax years for the company that are subject to audit by the irs and state departments of revenue are generally the tax years ended december 31, 2015, through the current tax year except in certain states where the open tax years generally begin with the tax year ended december 31, 2014. As of december 31, 2018, the company has not identified any significant uncertain tax positions that would require the recording of a tax liability. The company does not anticipate a change in uncertain tax positions for the 12 months following the year ended december 31, 2018. As of december 31, 2018, the company had no interest or penalties qualified for either recognition or disclosure in the financial statements.

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IRS990/ContractorCompensationGrp/ServicesDesc1MAINTENANCE SERVICES
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IRS990/ContractorCompensationGrp/ServicesDesc3IT CONSULTANT
IRS990/ContractorCompensationGrp/ServicesDesc4Delivery Services
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IRS990/Form990PartVIISectionAGrp/PersonNm13Raymond Prospero
IRS990/Form990PartVIISectionAGrp/PersonNm14JAMES R SCHRAITH
IRS990/Form990PartVIISectionAGrp/PersonNm15MICHAEL SEQUEIRA MD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE/VICE CHAIR - BCRBC
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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE/SEC/TREAS/GC-BCRBC
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