Lifeserve Blood Center (EIN 272092557) - 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

2010

Legal Domicile

Phone

5152880276

Tax Period

2024-01-01 to 2024-12-31

Lifeserve Blood Center, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $52.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $48.9M left a modest 7% surplus.

Mission

WE SAVE LIVES IN PARTNERSHIP WITH THE COMMUNITIES WE SERVE BY PROVIDING HIGH QUALITY BLOOD.

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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 $49,081

Program Service Revenue $48,788,653

Investment Income $3,109,897

Other Revenue $427,690

TOTAL REVENUE $52,375,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,449,706

Fundraising Expenses $0

Program Expenses $43,541,168

Other Expenses $27,460,727

TOTAL EXPENSES $48,910,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,375,321	$48,140,560	+0.1%
Expenses	$48,910,433	$43,731,919	+0.1%
Net Income	$3,464,888	$4,408,641	-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

469

Volunteers

131

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

$749,286

Total Directors

Key Employees

$314,494

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA STRIEF	BOARD CHAIR	1.0	Officer Director	$0	$0	$0
MEGAN REUTHER	BOARD VICE CHAIR	1.0	Officer Director	$0	$0	$0
TOM MATHEWS	BOARD SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
CARRIE THEISEN DAVIS	BOARD MEMBER	1.0	Director	$0	$0	$0
DICK CLINARD	FORMER BOARD VICE CHAIR - TERM ENDED 4/24	1.0	Director	$0	$0	$0
DR NICOLE GILG GACHIANI	BOARD MEMBER	1.0	Director	$0	$0	$0
DR SARAH UPMEYER	BOARD MEMBER	1.0	Director	$0	$0	$0
JANET WILWERDING	BOARD MEMBER	1.0	Director	$0	$0	$0
JEFF FISHER	FORMER BOARD VICE CHAIR - TERM ENDED 4/24	1.0	Director	$0	$0	$0
MACK RANKIN	BOARD MEMBER	1.0	Director	$0	$0	$0
MATT ROBINS	BOARD MEMBER	1.0	Director	$0	$0	$0
MATT TRIPLETT	BOARD MEMBER	1.0	Director	$0	$0	$0
MICHAEL NELSON	BOARD MEMBER	1.0	Director	$0	$0	$0
RENAE CHESNUT	FORMER BOARD MEMBER - TERM ENDED 4/24	1.0	Director	$0	$0	$0
TAMI BURNHAM	FORMER BOARD MEMBER - TERM ENDED 4/24	1.0	Director	$0	$0	$0
CHERYL RITTER	CHIEF FINANCIAL OFFICER	40.0	Officer	$264,559	$48,101	$312,660
STACY SIME	PRESIDENT AND CEO	40.0	Officer	$408,950	$27,676	$436,626
DR KEITH ALEX SMITH	MEDICAL DIRECTOR	40.0	Key Emp	$264,066	$50,428	$314,494
ANJEANETTE BARTO	VICE PRESIDENT - NORTH REGION	40.0	Highest	$140,331	$42,566	$182,897
CHRISTINE HAYES	CHIEF OPERATING OFFICER	40.0	Highest	$272,773	$12,898	$285,671
DANIEL DOWNS	IT DIRECTOR	40.0	Highest	$150,655	$36,039	$186,694
DANIELLE WEST	REGIONAL VICE PRESIDENT	40.0	Highest	$124,306	$18,242	$142,548
GRANT PFEIFER	QUALITY DIRECTOR	40.0	Highest	$121,215	$17,688	$138,903

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	$52,375,321	$48,910,433	$122,432,388	$3,464,888
2023	$48,140,560	$43,731,919	$113,036,152	$4,408,641
2022	$47,032,025	$41,318,094	$80,851,188	$5,713,931
2021	$54,407,994	$38,972,652	$80,703,832	$15,435,342
2020	$46,239,552	$36,965,183	$64,475,139	$9,274,369
2019	$36,829,142	$34,928,661	$49,432,824	$1,900,481
2018	$37,156,798	$34,912,892	$44,307,541	$2,243,906

Lifeserve Blood Center