LIFENET INTERNATIONAL CORPORATION (EIN 270904821) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

SHEPPARD OWEN

Phone

4072954150

Tax Period

2023-01-01 to 2023-12-31

LIFENET INTERNATIONAL CORPORATION, founded in 2009, is a community nonprofit in the International Affairs sector that reported $4.7M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $817K, a strong 18% operating margin.

Mission

TO PROVIDE BASIC, QUALITY, SUSTAINABLE HEALTHCARE TO POOR AND UNDER SERVED POPULATIONS ACROSS AFRICA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,661,119

Program Service Revenue $0

Investment Income $-6,350

Other Revenue $12,742

TOTAL REVENUE $4,667,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,117,899

Fundraising Expenses $399,014

Program Expenses $3,116,038

Other Expenses $1,732,695

TOTAL EXPENSES $3,850,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,667,511	$5,032,955	-0.1%
Expenses	$3,850,594	$4,066,034	-0.1%
Net Income	$816,917	$966,921	-0.2%

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

$281,443

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SPRAGGINS	CHAIRMAN OF THE BOARD	5.00	Director	$0	$0	$0
BRENT ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN BRUCE	DIRECTOR	1.00	Director	$0	$0	$0
KEN COCHRUM	DIRECTOR	1.00	Director	$0	$0	$0
TODD HARPER	DIRECTOR	1.00	Director	$0	$0	$0
AGNESS NYANDA	DIRECTOR	1.00	Director	$0	$0	$0
SHEPPARD OWEN	PRESIDENT	35.00	Officer	$147,597	$27,550	$175,147
PATRICK ORGLER	MGR, FIN & ADMIN	40.00	Officer	$96,000	$10,296	$106,296
MAGGIE EHRENFRIED	VP, ADVANCEMENT	40.00	Highest	$138,597	$5,520	$144,117
SARAH BORGER	VP, PROGRAMS	40.00	Highest	$135,000	$7,929	$142,929

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	No data	No data	No data	No data
2023	$4,667,511	$3,850,594	$5,392,432	$816,917
2022	$5,032,955	$4,066,034	$4,503,295	$966,921
2021	$4,219,535	$3,905,384	$3,588,077	$314,151
2020	$3,603,336	$2,780,758	$3,234,783	$822,578
2019	$3,699,341	$2,735,514	$2,409,341	$963,827
2018	$1,763,793	$1,718,800	$1,456,952	$44,993

LIFENET INTERNATIONAL CORPORATION