LIFE SCIENCES TRAINERS & EDUCATORS… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

LAURA LAST

Phone

8002742674

Tax Period

2024-01-01 to 2024-12-31

LIFE SCIENCES TRAINERS & EDUCATORS NETWORK, founded in 2005, is a community nonprofit in the Health Care sector that reported $4.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $3.8M left a modest 9% surplus.

Mission

LTEN IS THE ESSENTIAL RESOURCE FOR LIFE SCIENCES TRAINER EDUCATION AND NETWORKING; ENABLING MEMBERS TO HARNESS THEIR COLLECTIVE KNOWLEDGE, APPLY LEADING-EDGE TECHNOLOGY AND DELIVER WORLD CLASS LEARNING. ONLY LTEN SPECIALIZES IN MEETING THE NEEDS OF LIFE SCIENCES LEARNING PROFESSIONALS. LTEN SHARES THE KNOWLEDGE OF INDUSTRY LEADERS, PROVIDES INSIGHT INTO NEW TECHNOLOGIES, OFFERS INNOVATIVE SOLUTIONS AND COMMUNITIES OF PRACTICE THAT GROW CAREERS AND ORGANIZATIONAL CAPABILITIES.

Program Service Accomplishments

Program 1

Expenses: $1,756,265 Revenue: $1,731,870

ANNUAL CONFERENCE - AN EDUCATIONAL PROGRAM FOR THE GENERAL MEMBERSHIP FROM PHARMACEUTICAL, BIOTECH, MEDICAL DEVICE AND DIAGNOSTIC INDUSTRIES.

Program 2

Expenses: $495,985 Revenue: $563,287

TRAINING WORKSHOPS - MEMBERS RECEIVE EDUCATION SKILLS DEVELOPMENT TRAINING.

Program 3

Expenses: $113,143 Revenue: $1,175,930

PREFERRED INDUSTRY PARTNERSHIPS - RELATIONSHIPS TO PROMOTE THE ENHANCEMENT AND GROWTH OF LTEN AND ITS MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $315,315

Program Service Revenue $3,592,928

Investment Income $268,881

Other Revenue $0

TOTAL REVENUE $4,177,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $698,104

Fundraising Expenses $34,905

Program Expenses $2,891,483

Other Expenses $3,087,740

TOTAL EXPENSES $3,785,844

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,177,124	$3,730,743	+0.1%
Expenses	$3,785,844	$3,653,352	+0.0%
Net Income	$391,280	$77,391	+4.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$207,388

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG ADAMSON	PRESIDENT	0.50	Officer Director	$0	$0	$0
JEFFREY HARTZLER	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
LAURA LAST	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
JENNIFER BRYAN	TREASURER	0.50	Officer Director	$0	$0	$0
HECTOR BAEZA	DIRECTOR	0.50	Director	$0	$0	$0
KRISTY CALLAHAN	DIRECTOR	0.50	Director	$0	$0	$0
MANI CHIDAMBARAM	DIRECTOR	0.50	Director	$0	$0	$0
AMITY CUTAIA	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN GROVES	DIRECTOR	0.50	Director	$0	$0	$0
IAN KELLY	DIRECTOR	0.50	Director	$0	$0	$0
CHARLIE KIRK	DIRECTOR	0.50	Director	$0	$0	$0
JESSICA KNOX	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA LOWE	DIRECTOR	0.50	Director	$0	$0	$0
SHAUN MCMAHON	DIRECTOR	0.50	Director	$0	$0	$0
COURTNEY MILLER	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER MUSZIK	DIRECTOR	0.50	Director	$0	$0	$0
JIM PAGE	DIRECTOR	0.50	Director	$0	$0	$0
TED POWER	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD SAMPSON	DIRECTOR	0.50	Director	$0	$0	$0
LAUREN HARBERT	EXECUTIVE DI	40.00	Officer	$202,252	$5,136	$207,388
NANNETTE NOLAN	MARKETING	40.00	Highest	$121,232	$13,319	$134,551
TIM SOSBE	EDITORIAL DI	40.00	Highest	$132,515	$9,956	$142,471

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,177,124	$3,785,844	$5,758,916	$391,280
2023	$3,730,743	$3,653,352	$4,865,778	$77,391
2022	$3,016,805	$3,188,057	$5,100,898	$-171,252
2021	$2,590,062	$2,732,400	$5,475,280	$-142,338
2020	$1,781,581	$1,850,155	$5,002,847	$-68,574
2019	$3,268,472	$3,160,642	$5,238,660	$107,830
2018	$2,828,460	$2,824,672	$4,766,447	$3,788

LIFE SCIENCES TRAINERS & EDUCATORS NETWORK