LifeCenter Memorial Foundation

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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

1981

Legal Domicile

Principal Officer

Barry Massa

Phone

5135585555

Tax Period

2023-01-01 to 2023-12-31

LifeCenter Memorial Foundation, founded in 1981, is a small nonprofit in the Health Care sector that reported $811K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $560K, a strong 69% operating margin.

Mission

To support the cause of organ, eye and tissue donation and transplantation in Southwestern OH, Northern Kentucky, and Southeastern IN through the raising of funds.

Program Service Accomplishments

Program 1

Expenses: $200,523

Raising funds and using these funds to raise awareness of organ, eye and tissue donations and transplantation. Funds will be raised via a variety of mechanisms, such as annual giving, and special...

Raising funds and using these funds to raise awareness of organ, eye and tissue donations and transplantation. Funds will be raised via a variety of mechanisms, such as annual giving, and special events.

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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 $151,594

Program Service Revenue $0

Investment Income $659,358

Other Revenue $0

TOTAL REVENUE $810,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,523

Other Expenses $250,933

TOTAL EXPENSES $250,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$810,952	$652,125	+0.2%
Expenses	$250,933	$131,073	+0.9%
Net Income	$560,019	$521,052	+0.1%

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

N/A

Volunteers

100

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

$366,969

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Deborah Hayes	Board Chair	1.00	Officer Director	$0	$0	$0
Matthew Arend	Director	1.00	Director	$0	$0	$0
Tim Aug	Director Exit 12/2023	1.00	Director	$0	$0	$0
Jose Cancelas	Director	1.00	Director	$0	$0	$0
Madison Cuffy	Director	1.00	Director	$0	$0	$0
Patrick Earley	Director	1.00	Director	$0	$0	$0
Vera Hall	Director	1.00	Director	$0	$0	$0
Kenneth James	Director - Exit 01/2023	1.00	Director	$0	$0	$0
Brie Janke	Director	1.00	Director	$0	$0	$0
Kathy Selker	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Greg Tiao	Director	1.00	Director	$0	$0	$0
Robert Wiehe	Director	1.00	Director	$0	$0	$0
Michael Kramer	Director - Start 03/2023	1.00	Director	$0	$0	$0
Barb Tofani	Director - Start 03/2023	1.00	Director	$0	$0	$0
Colleen O'Toole	Director	1.00	Director	$0	$0	$0
Barry C Massa	Executive Director	1.00	Officer	$0	$72,085	$366,969

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	$810,952	$250,933	$19,139,167	$560,019
2022	$652,125	$131,073	$16,298,357	$521,052
2021	$1,265,694	$128,979	$19,488,416	$1,136,715
2020	$1,848,492	$142,477	$11,253,220	$1,706,015
2019	$156,204	$87,893	$4,615,427	$68,311
2018	$321,716	$90,344	$3,877,868	$231,372