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Institute For Transfusion Medicine

Group Return

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Community Health Systems (NTEE)

Summary charts: organization finances over time

Revenue
$181M (2019)

Expenses
$159M (2019)

Total Assets
$151M (2019)

Total Liabilities
$6.01M (2019)

Years with multiple filings
Source: Form 990 tax filings from 2011 to 2019

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$181,317,847
Expenses
$159,075,098
Net Income
$22,242,749
Net Assets
$145,115,804
Notable Sources of Revenue Percent of Total Revenue
Contributions $447,593
0.2%
Program Services $178,211,292
98.3%
Investment Income $3,350,496
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $28,275
0.0%
Net Fundraising $0
Sales of Assets -$979,741
Net Inventory Sales $0
Other Revenue $259,932
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $151,126,881
Total Liabilities $6,011,077
Net Assets $145,115,804
Compensation
Key Employees and Officers Compensation Related Other
David Green (Director) $0 $732,803 $54,355
Ralph Vassallo Md (Hcwp Director) $0 $465,948 $37,090
Bhavi Shah (General Counsel/Asst Secretary) $0 $403,388 $56,725
Tanya Perry (Itxm Cfo, Hcwp Dir/Secy/Treas) $0 $402,285 $32,637
Charles Wilcox Iii (Division President) $0 $360,752 $36,349
Mark J Giaquinto (Former Hcwp Dir/Asst Secretary) $0 $308,362 $66,146
Andrea Cortese Hassett (Hcwp Div Pres/Dir (Ex Officio)) $0 $235,999 $112,971
Jennifer Bou (Hcwp Director/Asst Secretary) $0 $183,460 $40,926
James Schraith (Director) $0 $37,625 $0
Robert S Cole (Chair) $0 $36,000 $0
John S Lewis (Director) $0 $29,000 $0
Patricia Abrego Santuc (Vice Chair) $0 $27,250 $0
Sunny P Chico (Director) $0 $22,500 $0
Paul E Stander Md (Secretary/Treasurer) $0 $20,500 $0
Richard D Mchugh Md (Director) $0 $0 $0
Edward Chu Md (Hcwp Chair) $0 $0 $0
Mark Gladwin Md (Hcwp Director) $0 $0 $0
Margaret V Ragni Md (Hcwp Medical Director) $0 $0 $0
A Kim Richey Md (Hcwp Director) $0 $0 $0
Darrell Triulzi Md (Hcwp Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$213,812,713
Expenses
$213,329,804
Net Income
$482,909
Net Assets
$183,350,053
Notable Sources of Revenue Percent of Total Revenue
Contributions $323,468
0.2%
Program Services $208,305,714
97.4%
Investment Income $934,800
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $42,399
0.0%
Net Fundraising $0
Sales of Assets $3,197,646
1.5%
Net Inventory Sales $0
Other Revenue $1,008,686
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $273,945
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $50,289,822
23.6%
Assets/Debt
Total Assets $201,784,319
Total Liabilities $18,434,266
Net Assets $183,350,053
Compensation
Key Employees and Officers Compensation Related Other
Chelsea Sheppard (Virginia Blood Svcs Med Dir) $194,980 $5,123 $7,957
Mona Papari (Lifesource Medical Director) $188,716 $70,747 $12,891
Todd Cahill (Regional Executive Director) $167,207 $0 $26,669
Andrea Cortese Hassett Phd (Vp Clinical Services) $143,776 $53,795 $19,210
Jason Crane (Ls Associate Medical Director) $132,166 $48,711 $31,298
Linda Hahn (Vp Clinical Svcs (Thru 7/18)) $130,169 $0 -$473,705
Michele Tysarczyk (Sr. Director, Manufacturing) $48,125 $127,047 $10,072
Patricia Abrego Santucci (Vice Chair) $0 $23,000 $0
Sunny P Chico (Director) $0 $23,000 $0
Robert S Cole (Chair) $0 $33,875 $0
David Green (Director) $0 $690,754 $55,265
Michael H Jones (Director (Thru 11/18)) $0 $20,500 $0
John S Lewis (Director) $0 $37,000 $0
Richard D Mchugh Md (Director) $0 $0 $0
James Schraith (Director) $0 $40,125 $0
Paul E Stander Md (Secy/Treas) $0 $23,500 $0
Tanya Perry (Cfo/Vbs Board) $0 $347,293 $42,361
Bhavi Shah (Gen Counsl/Asst Secy/Vbs Board) $0 $367,776 $36,748
Edward Chu Md (Hcwp Chair) $0 $0 $0
Mark Gladwin Md (Hcwp Director) $0 $0 $0
Margaret V Ragni Md (Hcwp Medical Director) $0 $0 $0
A Kim Richey Md (Hcwp Director) $0 $0 $0
Darrell Triulzi Md (Hcwp Director) $0 $0 $0
Ralph Vassallo Md (Hcwp Director) $0 $421,919 $44,855
Jennifer Bou (Hcwp Dir/Asst Secy (Eff 4/18)) $0 $177,132 $30,737

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$109,426,472
Expenses
$110,616,148
Net Income
-$1,189,676
Net Assets
$178,703,242
Notable Sources of Revenue Percent of Total Revenue
Contributions $241,686
0.2%
Program Services $107,719,965
98.4%
Investment Income $1,052,180
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $22,161
0.0%
Net Fundraising $0
Sales of Assets $201,927
0.2%
Net Inventory Sales $0
Other Revenue $188,553
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $270,463
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $25,133,665
22.7%
Assets/Debt
Total Assets $203,527,918
Total Liabilities $24,824,676
Net Assets $178,703,242

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$207,767,892
Expenses
$209,747,868
Net Income
-$1,979,976
Net Assets
$174,453,875
Notable Sources of Revenue Percent of Total Revenue
Contributions $543,260
0.3%
Program Services $204,815,206
98.6%
Investment Income $1,581,152
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $41,765
0.0%
Net Fundraising $0
Sales of Assets $11,407
0.0%
Net Inventory Sales $0
Other Revenue $775,102
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $574,115
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $50,940,790
24.3%
Assets/Debt
Total Assets $196,448,214
Total Liabilities $21,994,339
Net Assets $174,453,875
Compensation
Key Employees and Officers Compensation Related Other
Linda Hahn (Clinical Svcs Officr(thru2/17)) $248,350 $0 $146,977
Mona Papari (Lifesource Medical Director) $243,811 $0 $23,659
Andrea Cortese Hassett Phd (Itxm Diag Officer (Thru 2/17)) $205,091 $0 $154,171
Chelsea Sheppard Md (Virginia Blood Svcs Med Dir) $200,594 $0 $11,236
Todd Cahill (Regional Executive Director) $199,918 $0 $20,148
Jason Crane (Ls Associate Medical Director) $176,103 $0 $44,577
Michele Tysarczyk (Central Blood Bank Exec Dir) $168,237 $0 $69,327
Franklin Bontempo Md (Itxm Diag Director (Thru 2/17)) $120,674 $0 $19,178
James P Covert (Cbb,Pres & Ceo (Thru 2/17)) $0 $614,575 $241,787
Mark J Giaquinto (Cbb Secy/Treas (Thru 2/17)) $0 $311,510 $115,275
Diane Merkt (Cbb Vp (Thru 4/17)) $0 $256,432 $96,599
Margaret V Ragni Md (Hcwp Director) $0 $0 $0
A Kim Ritchey Md (Hcwp Director) $0 $0 $0
Darrell Triulzi Md (Hcwp Director) $0 $0 $0
Edward Chu Md (Hcwp Chair) $0 $0 $0
Mark Gladwin Md (Hcwp Director) $0 $0 $0
James P Covert (Ls Pres & Ceo (Thru 2/17)) $0 $0 $0
James P Covert (Clin Svcs Pres&Ceo (Thru 2/17)) $0 $0 $0
James P Covert (Itxm Diag Pres&Ceo (Thru 2/17)) $0 $0 $0
Mark J Giaquinto (Ls Secy/Treas (Thru 2/17)) $0 $0 $0
Mark J Giaquinto (Clin Svc Secy/Treas(thru 2/17)) $0 $0 $0
Mark J Giaquinto (Diag Secy/Treas (Thru 2/17)) $0 $0 $0
Mark J Giaquinto (Hcwp Director & Secy/Treas) $0 $0 $0
Diane Merkt (Lifesource Vp (Thru 4/17)) $0 $0 $0
Diane Merkt (Hcwp Director (Thru 4/17)) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$199,115,619
Expenses
$197,111,487
Net Income
$2,004,132
Net Assets
$267,926,915
Notable Sources of Revenue Percent of Total Revenue
Contributions $584,869
0.3%
Program Services $191,016,919
95.9%
Investment Income $6,395,498
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $56,541
0.0%
Net Fundraising $0
Sales of Assets $23,178
0.0%
Net Inventory Sales $0
Other Revenue $1,038,614
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $665,047
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $49,485,147
25.1%
Assets/Debt
Total Assets $286,020,449
Total Liabilities $18,093,534
Net Assets $267,926,915
Compensation
Key Employees and Officers Compensation Related Other
Linda Hahn (Itxm Clinical Svcs Vice Pres) $283,696 $0 $176,291
Mona Papari (Lifesource Medical Director) $244,992 $0 $15,633
Andrea Cortese Hassett Phd (Itxm Diagnostics Vice Pres) $233,334 $0 $116,100
Chelsea Sheppard Md (Virginia Blood Svcs Med Dir) $198,375 $0 $3,224
Jason Crane (Ls Associate Medical Director) $178,116 $0 $39,011
Michele Tysarczyk (Central Blood Bank Exec Dir) $168,500 $0 $53,960
Eleanor Boens (Virginia Blood Svcs Hr Dir) $164,871 $0 $7,807
Franklin Bontempo Md (Diagnostics Director) $116,767 $0 $28,241
Terrence Bilkey (Bsf Chairman) $8,250 $0 $0
Matthew Suhey (Bsf Director) $8,250 $0 $0
Richard Stover (Bsf Vice Chair (Effect 06/16)) $5,750 $12,000 $0
Alan J Dean (Bsf Director) $4,500 $15,000 $0
Charles H Bracken Jr (Bsf Director) $4,500 $21,500 $0
Robert Ostrowski (Bsf Director) $0 $0 $0
James P Covert (Central Blood Bank, Pres & Ceo) $0 $618,396 $168,793
Mark J Giaquinto (Central Blood Bank Secy/Treas) $0 $347,462 $88,256
Diane Merkt (Central Blood Bank Vp) $0 $281,622 $71,452
Margaret V Ragni Md (Hcwp Director) $0 $0 $0
A Kim Ritchey Md (Hcwp Director) $0 $0 $0
Darrell Triulzi Md (Hcwp Director) $0 $0 $0
Edward Chu Md (Hcwp Chair) $0 $0 $0
Mark Gladwin Md (Hcwp Director) $0 $0 $0
Miles Simon (Hcwp Director (Through 12/15)) $0 $0 $0
James P Covert (Lifesource Pres & Ceo) $0 $0 $0
James P Covert (Itxm Clinical Svcs Pres & Ceo) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$203,016,148
Expenses
$197,138,644
Net Income
$5,877,504
Net Assets
$275,412,783
Notable Sources of Revenue Percent of Total Revenue
Contributions $448,649
0.2%
Program Services $194,701,254
95.9%
Investment Income $6,762,663
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $29,790
0.0%
Net Fundraising $0
Sales of Assets -$592
Net Inventory Sales $0
Other Revenue $1,074,384
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,217,972
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $49,777,496
25.2%
Assets/Debt
Total Assets $295,803,842
Total Liabilities $20,391,059
Net Assets $275,412,783
Compensation
Key Employees and Officers Compensation Related Other
Linda Hahn (Itxm Clinical Svcs Vice Pres) $825,146 $0 $142,118
Andrea Cortese Hassett Phd (Itxm Diagnostics Vice Pres) $268,479 $0 $130,008
Mona Papari (Lifesource Medical Director) $221,412 $0 $16,910
Chelsea Sheppard Md (Vbs Medical Director) $191,047 $0 $2,876
Jason Crane (Ls Associate Medical Director) $166,620 $0 $34,736
Eleanor Boens (Vbs Human Resources Director) $163,521 $0 $7,765
Michele Tysarczyk (Exec Dir Blood Centers) $158,715 $0 $55,502
Franklin Bontempo Md (Diagnostics Director) $107,347 $0 $31,350
Terrence Bilkey (Bsf Chairman) $5,500 $5,500 $0
Matthew Suhey (Bsf Director) $5,500 $4,000 $0
Charles H Bracken Jr (Bsf Director) $3,000 $23,500 $0
Alan J Dean (Bsf Director) $1,500 $19,000 $0
Richard Stover (Bsf Director) $1,500 $17,500 $0
Robert Ostrowski (Bsf Director) $0 $0 $0
James P Covert (Central Blood Bank, Pres & Ceo) $0 $788,353 $205,814
Mark J Giaquinto (Central Blood Bank Secy/Treas) $0 $411,478 $98,050
Diane Merkt (Central Blood Bank Vp) $0 $335,509 $84,480
Margaret V Ragni Md (Hcwp Director) $0 $0 $0
A Kim Ritchey Md (Hcwp Director) $0 $0 $0
Darrell Triulzi Md (Hcwp Director) $0 $0 $0
James Fitzgerald (Cbb Vp & Coo (Through 6/19/15)) $0 $472,774 $64,779
Edward Chu Md (Hcwp Chair) $0 $0 $0
Mark Gladwin Md (Hcwp Director) $0 $0 $0
Miles Simon (Hcwp Director) $0 $0 $0
James P Covert (Lifesource Pres & Ceo) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$206,786,167
Expenses
$202,091,574
Net Income
$4,694,593
Net Assets
$268,912,785
Notable Sources of Revenue Percent of Total Revenue
Contributions $458,039
0.2%
Program Services $202,368,028
97.9%
Investment Income $2,738,767
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $31,574
0.0%
Net Fundraising $0
Sales of Assets $6,461
0.0%
Net Inventory Sales $0
Other Revenue $1,183,298
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,419,924
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $50,175,785
24.8%
Assets/Debt
Total Assets $292,403,854
Total Liabilities $23,491,069
Net Assets $268,912,785
Compensation
Key Employees and Officers Compensation Related Other
Robert E Carden Phd (Director (Through 02/14)) $893,320 $7,500 $1,240
Andrea Cortese Hassett Phd (Itxm Diagnostics Vice Pres) $214,386 $0 $32,639
Mona Papari (Lifesource Medical Director) $213,192 $0 $12,564
Linda Hahn (Itxm Clinical Svcs Vice Pres) $208,514 $0 $66,146
Chelsea Sheppard Md (Virginia Blood Svcs Med Dir) $186,864 $0 $2,689
Eleanor Boens (Virginia Blood Svcs Hr Dir) $153,604 $0 $6,701
Michele Tysarczyk (Central Blood Bank Exec Dir) $147,953 $0 $13,175
Sharon Gordon (Lifesource Executive Director) $137,597 $0 $24,247
Franklin Bontempo Md (Diagnostics Director) $103,704 $0 $16,661
Terrence Bilkey (Bsf Chairman) $0 $11,250 $0
Robert Ostrowski (Bsf Director) $0 $0 $0
James P Covert (Central Blood Bank, Pres & Ceo) $0 $517,914 $75,703
Mark J Giaquinto (Central Blood Bank Secy/Treas) $0 $302,293 $50,450
Diane Merkt (Central Blood Bank Vp) $0 $239,061 $32,252
Margaret V Ragni Md (Hcwp President) $0 $0 $0
A Kim Ritchey Md (Hcwp Director) $0 $0 $0
Darrell Triulzi Md (Hcwp Director) $0 $0 $0
Edward Chu Md (Hcwp Director) $0 $0 $0
Mark Gladwin Md (Hcwp Director) $0 $0 $0
Miles Simon (Hcwp Director) $0 $0 $0
James P Covert (Lifesource Pres & Ceo) $0 $0 $0
James P Covert (Itxm Clinical Svcs Pres & Ceo) $0 $0 $0
James P Covert (Itxm Diagnostics Pres & Ceo) $0 $0 $0
James P Covert (Hcwp Director) $0 $0 $0
James P Covert (Bsf Pres & Ceo) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$202,251,826
Expenses
$200,316,125
Net Income
$1,935,701
Net Assets
$225,164,840
Notable Sources of Revenue Percent of Total Revenue
Contributions $325,632
0.2%
Program Services $198,326,934
98.1%
Investment Income $2,271,502
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $189,456
0.1%
Net Fundraising $0
Sales of Assets $337,871
0.2%
Net Inventory Sales $0
Other Revenue $800,431
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $592,037
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $44,264,858
22.1%
Assets/Debt
Total Assets $247,825,261
Total Liabilities $22,660,421
Net Assets $225,164,840

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$185,172,689
Expenses
$187,944,798
Net Income
-$2,772,109
Net Assets
$140,699,018
Notable Sources of Revenue Percent of Total Revenue
Contributions $30,222
0.0%
Program Services $183,574,175
99.1%
Investment Income $1,491,535
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $69,424
0.0%
Net Fundraising $0
Sales of Assets $7,333
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $548,160
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $44,917,922
23.9%
Assets/Debt
Total Assets $175,184,942
Total Liabilities $34,485,924
Net Assets $140,699,018

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$189,340,260
Expenses
$190,716,497
Net Income
-$1,376,237
Net Assets
$144,775,594
Notable Sources of Revenue Percent of Total Revenue
Contributions $74,629
0.0%
Program Services $187,939,080
99.3%
Investment Income $1,335,892
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income -$6,048
Net Fundraising $0
Sales of Assets -$3,293
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $618,910
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $47,187,476
24.7%
Assets/Debt
Total Assets $179,098,093
Total Liabilities $34,322,499
Net Assets $144,775,594

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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  • Raw filing data. Includes EINs and summary financials as structured data.
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