LIFEBANC (EIN 341525159) - 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

1986

Legal Domicile

Principal Officer

BARBARA DROBNEY

Phone

2167525433

Tax Period

2023-01-01 to 2023-12-31

LIFEBANC, founded in 1986, is a mid-sized nonprofit that reported $79.3M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $76.7M left a modest 3% surplus.

Mission

SAVING AND HEALING LIVES THROUGH ORGAN, EYE AND TISSUE DONATION.

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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 $729,921

Program Service Revenue $77,723,859

Investment Income $480,647

Other Revenue $373,578

TOTAL REVENUE $79,308,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,079,948

Fundraising Expenses $102,289

Program Expenses $70,842,698

Other Expenses $54,641,631

TOTAL EXPENSES $76,721,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,308,005	$62,281,854	+0.3%
Expenses	$76,721,579	$60,504,389	+0.3%
Net Income	$2,586,426	$1,777,465	+0.5%

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

184

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

$908,114

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL BAILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
RENEE BENNETT - MEMBER CC	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARITA DIAZ	BOARD MEMBER	1.00	Director	$0	$0	$0
DANEEN MACE-VADJUNECMHHS RN-ONC TCR	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL MALIE	BOARD MEMBER	1.00	Director	$0	$0	$0
TANIA MARKARIAN DDS	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIA MASON	BOARD MEMBER	1.00	Director	$0	$0	$0
CANDICE MONROE	BOARD MEMBER	1.00	Director	$0	$0	$0
COLLEEN MURNANE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIANN PACAK	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW SCHWABAUER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS SHAY-DOWNER - MEMBER UH	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY SKEAT	BOARD MEMBER	1.00	Director	$0	$0	$0
JACQUES SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER L STRAZZELLA	BOARD MEMBER	1.00	Director	$0	$0	$0
GORDON BOWEN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$596,448	$47,707	$644,155
BARBARA DROBNEY	SENIOR DIRECTOR OF FINANCE	40.00	Officer	$228,585	$35,374	$263,959
DON CORPORA MBA SPHR	TREASURER/CHAIR OF FINANCE	3.00	Officer	$0	$0	$0
ALAN J PAPA FACHE	PRESIDENT-ELECT	3.00	Officer	$0	$0	$0
SARAH J VURA	SECRETARY	3.00	Officer	$0	$0	$0
JIM WILL	PRESIDENT	3.00	Officer	$0	$0	$0
MICAH DAVIS	CHIEF OPERATIONS OFFICER,	40.00	Highest	$316,336	$26,646	$342,982
DEBRA COOPER	CHIEF QUALITY OFFICER	40.00	Highest	$254,916	$29,992	$284,908
HEATHER MAKESA	SENIOR DIRECTOR OF EXTERNAL RELATIONS	40.00	Highest	$228,637	$35,131	$263,768
DONNA FERCHILL	SENIOR DIRECTOR OF CLINICAL SERVICES	40.00	Highest	$195,727	$21,932	$217,659
JEANNIE SURECK	SENIOR DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$194,422	$1,673	$196,095

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	$79,308,005	$76,721,579	$60,520,629	$2,586,426
2022	$62,281,854	$60,504,389	$51,659,681	$1,777,465
2021	$55,677,520	$51,349,885	$51,744,175	$4,327,635
2020	$50,999,007	$46,759,096	$44,599,501	$4,239,911
2019	$42,980,067	$40,223,766	$39,656,453	$2,756,301
2018	$38,525,896	$36,563,549	$36,608,565	$1,962,347

LIFEBANC