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Nonprofiteer
← MEDIC INC

Form 990 for tax year 2022

Filed by MEDIC INC.

Totals

Total revenue
$17,198,814
Total expenses
$17,481,287
Contributions and grants received
$21,229
Grants paid
$0
Program service revenue
$16,792,480
Investment income
$385,105
Other revenue
$0
Total assets, end of year
$27,444,219
Total liabilities, end of year
$2,541,596
Net assets or fund balances, end of year
$24,902,623
Program services expenses (Part IX)
$14,851,986
Management and general expenses
$2,629,301
Fundraising expenses
$0
Program service expenses (Part III)
$14,851,986

Program services were 85.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $21,229

  • 1g · Noncash contributions included above

    $6,229

  • 2a · Program service revenue: BLOOD SERVICE

    total $16,732,993 · related or exempt $16,732,993

  • 2b · Program service revenue: OTHER PROGRAM REVENUE

    total $33,178 · related or exempt $33,178

  • 2c · Program service revenue: TEMPORARY COVERAGE CREDITS

    total $26,309 · related or exempt $26,309

  • 3 · Investment income

    total $662,790 · excluded $662,790

  • 7a · Gross sales of assets other than inventory

    securities $2,166,548

  • 7b · Less cost or other basis and sales expenses

    securities $2,378,695 · other assets $65,538

  • 7c · Gain or loss

    securities -$212,147 · other assets -$65,538

  • 7d · Net gain or loss

    total -$277,685 · excluded -$277,685

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,065,348 · program services $916,385 · management and general $148,963

  • 7 · Other salaries and wages

    total $6,133,994 · program services $4,467,964 · management and general $1,666,030

  • 8 · Pension plan contributions

    total $112,557 · program services $61,503 · management and general $51,054

  • 9 · Other employee benefits

    total $791,682 · program services $654,462 · management and general $137,220

  • 10 · Payroll taxes

    total $505,420 · program services $389,432 · management and general $115,988

  • 11b · Fees: legal

    total $69,529 · management and general $69,529

  • 11c · Fees: accounting

    total $37,405 · management and general $37,405

  • 11f · Fees: investment management

    total $65,076 · management and general $65,076

  • 11g · Fees: other

    total $457,569 · program services $400,478 · management and general $57,091

  • 13 · Office expenses

    total $319,978 · program services $212,966 · management and general $107,012

  • 14 · Information technology

    total $325,428 · program services $262,778 · management and general $62,650

  • 16 · Occupancy

    total $386,083 · program services $355,338 · management and general $30,745

  • 19 · Conferences, conventions and meetings

    total $38,140 · program services $15,806 · management and general $22,334

  • 22 · Depreciation, depletion and amortization

    total $467,740 · program services $464,346 · management and general $3,394

  • 23 · Insurance

    total $194,717 · program services $175,245 · management and general $19,472

  • 24a · Other expenses: TESTING SUPPLIES

    total $1,818,574 · program services $1,818,574

  • 24b · Other expenses: BLOOD BAGS

    total $1,318,179 · program services $1,318,179

  • 24c · Other expenses: PURCHASED BLOOD

    total $1,100,621 · program services $1,100,621

  • 24d · Other expenses: DONOR RECRUITMENT

    total $721,401 · program services $711,880 · management and general $9,521

  • 24e · All other expenses

    total $1,551,846 · program services $1,526,029 · management and general $25,817

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $465,260 · end of year $2,220,344

  • 2 · Savings and temporary cash investments

    beginning of year $2,560,049 · end of year $983,275

  • 4 · Accounts receivable

    beginning of year $2,283,162 · end of year $2,450,869

  • 8 · Inventories for sale or use

    beginning of year $518,676 · end of year $461,543

  • 9 · Prepaid expenses and deferred charges

    beginning of year $304,965 · end of year $346,063

  • 10a · Land, buildings and equipment: cost or other basis

    $13,532,278

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,499,801

  • 10c · Land, buildings and equipment, net

    beginning of year $4,775,083 · end of year $5,032,477

  • 11 · Investments: publicly traded securities

    beginning of year $14,210,641 · end of year $14,208,481

  • 15 · Other assets

    beginning of year $2,854,230 · end of year $1,741,167

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,670,705 · end of year $2,416,145

  • 19 · Deferred revenue

    beginning of year $13,392 · end of year $12,523

  • 25 · Other liabilities

    beginning of year $0 · end of year $112,928

  • 27 · Net assets without donor restrictions

    beginning of year $25,283,969 · end of year $24,898,623

  • 28 · Net assets with donor restrictions

    beginning of year $4,000 · end of year $4,000

Mission and programs · 2022

Mission

TO ENHANCE THE WELL-BEING OF OUR COMMUNITY BY PROVIDING A SAFE, ADEQUATE AND ECONOMICAL SUPPLY OF BLOOD AND BLOOD RELATED PRODUCTS AND SERVICES.

  • COLLECTION, PROCESSING AND DISTRIBUTION OF BLOOD PRODUCTS AND COMPONENTS AND RELATED SERVICES.

    Expenses $14,851,986 · Revenue $16,792,480

As filed on the 2022 return.

Listed in Part VII

  • Jack Bryan

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Richard Isaac

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Frank Rothermel

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Mitchell Panter

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Joe McDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tim Panella MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Zachary Lewis MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank J Beuerlein MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mitch Reed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tina Minnick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James L Decker

    CEO (THROUGH 4/30/23)

    Total calculated
    $382,840
    From this org
    $327,448
    From related orgs
    $0
    Other
    $55,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,008
    Bonus
    $31,440
    Other
    $12,000
    Deferred
    $35,809
    Nontaxable benefits
    $19,583
    Filer's total
    $382,840

  • Tom Watkins Do

    CMO

    Total calculated
    $304,076
    From this org
    $258,164
    From related orgs
    $0
    Other
    $45,912
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,484
    Bonus
    $25,680
    Other
    $0
    Deferred
    $18,095
    Nontaxable benefits
    $27,817
    Filer's total
    $304,076

  • Debbie Carper

    CFO

    Total calculated
    $217,274
    From this org
    $180,611
    From related orgs
    $0
    Other
    $36,663
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,581
    Bonus
    $18,030
    Other
    $0
    Deferred
    $17,806
    Nontaxable benefits
    $18,857
    Filer's total
    $217,274

  • Martha Cox

    CQO

    Total calculated
    $175,488
    From this org
    $150,236
    From related orgs
    $0
    Other
    $25,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,266
    Bonus
    $14,970
    Other
    $0
    Deferred
    $11,806
    Nontaxable benefits
    $13,446
    Filer's total
    $175,488

  • Alan Watson

    CEO (AS OF 3/13/23)

    Total calculated
    $0
    Hours/week
    40

  • Tracie Savage

    DIRECTOR OF DONOR SERVICES

    Total calculated
    $188,378
    From this org
    $145,982
    From related orgs
    $0
    Other
    $42,396
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,952
    Bonus
    $30
    Other
    $0
    Deferred
    $22,813
    Nontaxable benefits
    $19,583
    Filer's total
    $188,378

  • Stephen Smith

    MANAGER LAB PROCESS AND CO

    Total calculated
    $141,424
    From this org
    $118,448
    From related orgs
    $0
    Other
    $22,976
    Hours/week
    40

  • Greg Shaw

    DIRECTOR FIXED SITE COLLEC

    Total calculated
    $137,052
    From this org
    $108,866
    From related orgs
    $0
    Other
    $28,186
    Hours/week
    40

  • Nathan Cass

    SPECIALTY COLLECTIONS MANAGER

    Total calculated
    $111,384
    From this org
    $100,228
    From related orgs
    $0
    Other
    $11,156
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
ORGANIZATION MAINTAINS AN INCENTIVE COMPENSATION POOL WHICH IS PAID OUT TO EMPLOYEES BASED ON GOAL ACHIEVEMENT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
2 August 2023
IRS schema version
2022v5.0
Source object
202332379349300723

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