Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,220,043

• 2a · Program service revenue: Tissue Processing

  total $239,346,392 · related or exempt $239,346,392

• 2b · Program service revenue: Blood Processing

  total $29,333,712 · related or exempt $29,333,712

• 3 · Investment income

  total $4,074,530 · excluded $4,074,530

• 7a · Gross sales of assets other than inventory

  securities $16,671,086 · other assets $29,735

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

  securities $16,243,145 · other assets $35,184

• 7c · Gain or loss

  securities $427,941 · other assets -$5,449

• 7d · Net gain or loss

  total $422,492 · excluded $422,492

• 10a · Gross sales of inventory

  $100,000

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $100,000 · related or exempt $100,000

• 11a · Other revenue: City of Kettering Rebate

  total $290,944 · excluded $290,944

• 11b · Other revenue: Income (Loss) from JRF

  total $117,907 · related or exempt $117,907

• 11c · Other revenue: Miscellaneous Income

  total -$59,015 · excluded -$59,015

• 11e · Other revenue, total

  $349,836

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $4,594,581 · program services $3,425,133 · management and general $1,169,448

• 7 · Other salaries and wages

  total $72,606,589 · program services $53,444,650 · management and general $19,161,939

• 8 · Pension plan contributions

  total $3,459,827 · program services $2,579,205 · management and general $880,622

• 9 · Other employee benefits

  total $9,975,482 · program services $7,436,445 · management and general $2,539,037

• 10 · Payroll taxes

  total $4,945,950 · program services $3,687,069 · management and general $1,258,881

• 11a · Fees: management

  total $331,090 · management and general $331,090

• 11b · Fees: legal

  total $619,812 · management and general $619,812

• 11c · Fees: accounting

  total $101,140 · management and general $101,140

• 11f · Fees: investment management

  total $209,285 · management and general $209,285

• 11g · Fees: other

  total $429,042 · management and general $429,042

• 12 · Advertising and promotion

  total $1,804,528 · program services $85,454 · management and general $1,719,074

• 13 · Office expenses

  total $2,654,786 · program services $1,326,954 · management and general $1,327,832

• 14 · Information technology

  total $2,110,562 · program services $325,635 · management and general $1,784,927

• 16 · Occupancy

  total $2,869,722 · program services $1,964,063 · management and general $905,659

• 17 · Travel

  total $1,291,260 · program services $378,508 · management and general $912,752

• 19 · Conferences, conventions and meetings

  total $450,437 · program services $13,397 · management and general $437,040

• 20 · Interest

  total $1,876,254 · program services $1,876,254

• 22 · Depreciation, depletion and amortization

  total $6,224,045 · program services $5,028,296 · management and general $1,195,749

• 23 · Insurance

  total $1,682,605 · program services $312,695 · management and general $1,369,910

• 24a · Other expenses: Recovery Services

  total $56,192,582 · program services $56,192,582

• 24b · Other expenses: Consumable Supplies

  total $31,455,156 · program services $31,430,461 · management and general $24,695

• 24c · Other expenses: Commission Expense

  total $17,785,045 · management and general $17,785,045

• 24d · Other expenses: Freight and Delivery

  total $9,274,616 · program services $8,905,916 · management and general $368,700

• 24e · All other expenses

  total $24,844,177 · program services $17,599,705 · management and general $7,244,472

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $500 · end of year $376

• 2 · Savings and temporary cash investments

  beginning of year $29,290,772 · end of year $37,979,390

• 4 · Accounts receivable

  beginning of year $33,589,940 · end of year $37,437,733

• 8 · Inventories for sale or use

  beginning of year $94,588,749 · end of year $108,687,388

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,235,994 · end of year $2,360,130

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

  $206,360,784

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

  $68,559,588

• 10c · Land, buildings and equipment, net

  beginning of year $101,898,594 · end of year $137,801,196

• 11 · Investments: publicly traded securities

  beginning of year $108,678,795 · end of year $120,843,184

• 12 · Investments: other securities

  beginning of year $2,794,774 · end of year $2,912,681

• 15 · Other assets

  beginning of year $3,684,912 · end of year $3,785,116

• 17 · Accounts payable and accrued expenses

  beginning of year $39,468,349 · end of year $49,872,096

• 19 · Deferred revenue

  beginning of year $0 · end of year $6,412,079

• 20 · Tax-exempt bond liabilities

  beginning of year $15,737,250 · end of year $14,419,650

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $32,525,112

• 25 · Other liabilities

  beginning of year $3,936,454 · end of year $3,786,900

• 27 · Net assets without donor restrictions

  beginning of year $317,620,977 · end of year $344,791,357

The filer's explanations (Part III)

Part I, Line 3

Aon conducted a compensation survey and the CEO's compensation is approved by the Personnel Committee.

Part I, Line 4a

Severance payments during 2023 include: Dr. David Smith - $914,250; Blake Furry - $49,913. These payments are reported as taxable compensation on Part II, column (B)(iii).

Part I, Line 5

CBC/CTS accrues and pays bonus compensation for its employees contingent on annual goals directly related to revenue and net operating income. These annual goals are prepared as a part of the annual budget process. Any bonuses earned against these goals are paid in February or March each year.

Part I, Line 6

CBC/CTS accrues and pays bonus compensation for its employees contingent on annual goals directly related to revenue and net operating income. These annual goals are prepared as a part of the annual budget process. Any bonuses earned against these goals are paid in February or March each year.

Part I, Line 7

Some discretionary bonuses may be paid at the direction of the CEO as well.