Vitalant EIN 86-0098929

Vitalant

EIN  86-0098929 Hospital Scottsdale, AZ Founded 1943
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/4/26 · see original filing: IRS
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Size
$100M+
What they do
Collects and researches blood donations to advance medical treatments.
Leadership
David Green · President/CEO · $1.8M
Money in and out
$739.6M revenue, $738.9M expenses
Bottom line
0% operating surplus

Collects and researches blood donations to advance medical treatments. For fiscal year 2024 it reported $739.6M in revenue, $738.9M in expenses, and $655.5M in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$739.6M
Pt VIII · Ln 12
Total expenses
$738.9M
Pt IX · Ln 25
Net assets
$655.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $700K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Operating surplus
0%
revenue over expenses, this legal entity▲ +102% vs prior filing year
Payroll share
56%
of this entity's spending is salaries & benefits0% vs prior filing year
Program spending
86%
of expenses reach program services▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$739.6M
FY2024▲ +8%
Expenses
$738.9M
FY2024▲ +2%
Total assets
$891.0M
FY2024▲ +7%
Total liabilities
$235.6M
FY2024▲ +3%
Total revenue
$739.6M
Pt VIII · Ln 12
Total expenses
$738.9M
Pt IX · Ln 25
Net assets
$655.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$700K
Total assetsPt X · Ln 16$891.0M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $632.3M of program spending, described in the organization's own filed words · FY2024.
01

Blood Services Division

Blood banking the primary purpose of the blood services division (BSD) is to provide a safe and stable supply of blood and blood components to hospitals and medical facilities. The strength of BSD is that it operates as local blood centers that are part of the community and yet has access to a large networked organization with all the…

$547.6Mprogram expense
02

Vitalant Laboratories (vl)

Vitalant laboratories' staff of highly trained and experienced personnel provide support and expertise to hospitals, transfusion and transplant centers and other healthcare facilities for their transfusion medicine needs.

$51.7Mprogram expense
03

Vitalant Research Institute (vri)

The vitalant research institute carries out studies funded by extramural grants (nih and other agencies) and receives intramural funding from vitalant between $7.0m and $10.0m each year. Vri has historically been noted for contributions to infectious disease testing / monitoring, epidemiology / public policy, and selected non-infectious…

$33.0Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVitalant
EINHdr · item D86-0098929
Principal addressHdr · item CScottsdale, AZ
WebsiteHdr · item Jwww.vitalant.org
Year of formationHdr · item L1943
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E610)
Ruling yearIRS BMFOct 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/CEO
$1,752,599Pt VII · Sec A
EVP, Chief Operations Officer
$870,577Pt VII · Sec A
EVP, Chief Medical & Scientific Officer
$760,485Pt VII · Sec A
EVP, Clo, General Counsel, Secretary
$731,723Pt VII · Sec A
EVP, Chief Financial Officer, Treasurer
$705,819Pt VII · Sec A
EVP, Chief Quality Officer
$661,204Pt VII · Sec A
EVP, Chief Information Officer
$660,057Pt VII · Sec A
VP, Quality Systems & Reg Services
$659,179Pt VII · Sec A

David Green’s $1.8M as President/CEO is at the 79th percentile of top reported officer pay among 1754 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David Green$1,752,599$1,199,347$1,427,666$1,074,156$1,037,437
Robert Van Tuyle$870,577$698,296$771,733$638,317$597,553
Ralph Vassallo MD$760,485
Bhavi Shah$731,723$593,404$662,580$587,550$518,423
Maureen Musselman$705,819$545,429$598,658$375,677$76,950
Ralph Vassallo$587,936$701,821$599,966$570,758
Mary Beth Bassett$661,204$547,191$616,925$516,193$492,149
Anthony Bobos$660,057$509,849$623,655$511,517$482,551

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$682.0M · 92%
Other revenue$29.6M · 4%
Investment income$22.4M · 3%
Contributions & grants$5.6M · 1%
Program service revenue92%$682.0M
Other revenue4%$29.6M
Investment income3%$22.4M
Contributions & grants1%$5.6M
— government grantsLn 1e$151K
Total revenueLn 12$739.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$632.3M
Management & general14%$106.6M
Total functional expensesLn 25$738.9M

Balance Sheet

Part X · end of year
CashLn 1$73.3M
Total assetsLn 16$891.0M
Total liabilitiesLn 26$235.6M
Total net assetsLn 32$655.5M
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $389.1M · Operating expenses (Pt IX) $738.9M · Less non-cash grants $351K · Cash operating expenses/yr $738.5M
6.3 months
Where the money goes
Program services
Program services $632.3M · Total expenses $738.9M
86%
Management & General
Management & general $106.6M · Total expenses $738.9M
14%
Fundraising
Fundraising $0 · Total expenses $738.9M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $10.0M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $5.6M · Total revenue $739.6M
1%
Government reliance
Government grants $151K · Total revenue $739.6M
0%
Earned-income share
Program service revenue $682.0M · Total revenue $739.6M
92%
Investment reliance
Investment income $22.4M · Total revenue $739.6M
+3%
Program self-sufficiency
Program service revenue $682.0M · Total expenses $738.9M
92%
Growth & trend
Revenue growth (YoY)
This year $739.6M · Prior year $686.2M
+8%
Revenue CAGR
FY2020 $651.7M · FY2024 $739.6M
+3%
Net-asset trend (YoY)
End of year $655.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $739.6M · Expenses $738.9M
0%
Liabilities-to-Assets
Total liabilities — · Total assets $891.0M
Net-asset ratio
Net assets $655.5M · Total assets $891.0M
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $293.4M · Other securities (Pt X, ln 12) $22.3M · Total assets (Pt X, ln 16) $891.0M
35%
People & payroll
Highest Reported Total Compensation
Individual David Green · Reported title PRESIDENT/CEO · Highest reported compensation $1.8M · Total expenses $738.9M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $416.2M · Total expenses $738.9M
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 8%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 32 grants · $8.5M · 2020–2024
University of PittsburghPA · FY2024$1,500,000
AabbMD · FY2024$75,000
Unm FoundationFY2024$41,790
Flights for Life INCAZ · FY2024$25,000
Foothills Food BankAZ · FY2024$10,000
Sierra Sacramento Valley Med SocCA · FY2024$9,422
University of PittsburghPA · FY2023$1,500,000
AabbMD · FY2023$75,000
Unm FoundationFY2023$41,790
Flights for Life INCAZ · FY2023$25,000
Sierra Sacramento Valley Med SocCA · FY2023$8,470
University of PittsburghPA · FY2022$1,500,000
See all 32 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$739.6M revenue · viewing · ⤓ 990 PDF
FY2023$686.2M revenue · ⤓ 990 PDF
FY2022$699.4M revenue · ⤓ 990 PDF
FY2021$836.6M revenue · ⤓ 990 PDF
FY2020$651.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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