LIFEBANC

EIN: 341525159 501(c)(3)

CLEVELAND, OH

Total Revenue
$79,308,005
Total Expenses
$76,721,579
Total Assets
$60,520,629
Net Assets
$45,043,071
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
OH
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

MISSION: LIFEBANC SAVES AND HEALS LIVES.VISION: PURSUING A FUTURE WHERE ORGAN, EYE AND TISSUE DONATION IS EMBRACED AS AN HONOR AND A PERSONAL RESPONSIBILITY.VALUES: SERVICE, TEAMWORK, INTEGRITY, COMMITMENT, INNOVATION, QUALITY.

Program Service Accomplishments

Program 1
Expenses: $70,436,014 Revenue: $77,723,859

SINCE 1986, LIFEBANC HAS BEEN THE NORTHEAST OHIO NONPROFIT ORGANIZATION WORKING TO SAVE AND HEAL LIVES THROUGH ORGAN AND TISSUE DONATION. LIFEBANC BEGAN AS ONE OF THE ORIGINAL ORGAN PROCUREMENT...

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SINCE 1986, LIFEBANC HAS BEEN THE NORTHEAST OHIO NONPROFIT ORGANIZATION WORKING TO SAVE AND HEAL LIVES THROUGH ORGAN AND TISSUE DONATION. LIFEBANC BEGAN AS ONE OF THE ORIGINAL ORGAN PROCUREMENT ORGANIZATIONS IN THE UNITED STATES AND IS A LEADER IN THE FIELD AND A HIGHLY RESPECTED ORGANIZATION REGIONALLY AND NATIONALLY. LIFEBANC SERVES NORTHEAST OHIO'S POPULATION OF OVER FOUR MILLION PEOPLE AND WORKS WITH 80 HOSPITALS IN A 20-COUNTY AREA. VOLUNTEERS AND STAFF WORK TO EDUCATE THE PUBLIC ABOUT ORGAN AND TISSUE DONATION, ENCOURAGE INDIVIDUALS TO DESIGNATE THEIR DONATION DECISION AND OFFER GRIEF SUPPORT SERVICES TO FAMILIES TOUCHED BY DONATION. LIFEBANC IS GOVERNED BY A VOLUNTEER BOARD OF DIRECTORS; COMPRISED OF COMMUNITY MEMBERS, CLINICIANS, RECIPIENTS AND DONOR FAMILY MEMBERS, WHO DRIVE(CONTINUED ON SCHEDULE O)ORGANIZATIONAL STRATEGY WITH THE VISION OF A FUTURE WHERE ORGAN, EYE AND TISSUE DONATION IS EMBRACED AS AN HONOR AND A PERSONAL RESPONSIBILITY. IN 2023, A RECORD NUMBER OF NORTHEAST OHIOANS GAVE THE GIFT OF LIFE THROUGH ORGAN DONATION (231) AND ADDITIONALLY, 805 GAVE THE GIFTS OF TISSUE AND 612 GAVE THE GIFT OF EYE DONATION. THIS GENEROSITY RESULTED IN 656 ORGANS DONATED THAT SAVED THE LIVES OF 570 PEOPLE. THE AMOUNT OF PEOPLE SAVED BY ORGAN DONORS FROM NORTHEAST OHIO EACH YEAR HAS RISEN OVER 40% SINCE 2014. ORGANS FROM DONORS IN NORTHEAST OHIO WERE TRANSPLANTED TO RECIPIENTS IN NEARLY THREE DOZEN STATES AND THE DISTRICT OF COLUMBIA. MANY LIFE-SAVING AND HEALING PROCEDURES UTILIZE DONATED TISSUE. THE GIFTS OF TISSUE DONORS WILL SAVE THE LIVES OF BURN VICTIMS, REPAIR DAMAGED HEARTS, GIVE BACK MOBILITY AND RESTORE SIGHT TO TENS OF THOUSANDS OF PEOPLE. LIFEBANC PROVIDES EXTENSIVE CARE FOR THE FAMILIES OF DONORS THAT BEGINS AT THEIR FIRST MOMENT OF NEED AND EXTENDS FOR UP TO TWO YEARS PAST THE GIFTS OF THE DONATION. INCLUDED IS FREE GRIEF SUPPORT IN THE FORM OF INDIVIDUAL COUNSELING WITH A LICENSED THERAPIST, GROUP COUNSELING, AND HOST OF OTHER ACTIVITIES. IN 2023, LIFEBANC COMMUNICATED WITH 2,690 FAMILIES, PROVIDED703 HOURS OF INDIVIDUAL COUNSELING, AND OFFERED A VARIETY OF 10-WEEK SUPPORT GROUPS AND MULTIPLE ONE-TIME SEMINARS. LIFEBANC ALSO HELPS COORDINATE ANONYMOUS COMMUNICATION BETWEEN DONOR FAMILIES AND RECIPIENTS AND FACILITATED OVER 1,033 CORRESPONDENCES/UPDATES IN 2023. DESPITE THE INCREASE IN ORGAN, EYE AND TISSUE DONORS THERE REMAINS A CRITICAL ORGAN SHORTAGE IN THE UNITED STATES. THERE ARE CURRENTLY OVER 110,000 PEOPLE WAITING FOR A LIFE-SAVING ORGAN TRANSPLANT ACROSS THE COUNTRY. THERE MORE THAN 1,300 PEOPLE WAITING IN NORTHEAST OHIO ALONE. IN 2023, OVER 200 PEOPLE IN NORTHEAST OHIO EITHER DIED WAITING FOR AN ORGAN OR BECAME TOO SICK TO TRANSPLANT. THE BEST CHANCE THOSE STILL WAITING HAVE AT RECEIVING THE LIFE-SAVING TRANSPLANT THEY NEED IS BY INCREASING THE NUMBER OF PEOPLE WHO REGISTER THEIR WISHES TO BE AN ORGAN, EYE AND TISSUE DONOR. IN 2023, OVER 60,000 PEOPLE IN NORTHEAST OHIO REGISTERED FOR THE FIRST TIME ON THE OHIO DONOR REGISTRY. BEST CHANCE THOSE STILL WAITING HAVE AT RECEIVING THE LIFE-SAVING TRANSPLANT THEY NEED IS BY INCREASING THE NUMBER OF PEOPLE WHO REGISTER THEIR WISHES TO BE AN ORGAN, EYE AND TISSUE DONOR.

Program 2
Expenses: $406,684

ANNUALLY, LIFEBANC VOLUNTEERS AND STAFF EDUCATE MORE THAN 100,000 STUDENTS AND ADULTS IN AN EFFORT TO PROVIDE ACCURATE INFORMATION, ENGAGE THE PUBLIC AND INCREASE THE NUMBER OF REGISTERED ORGAN, EYE...

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ANNUALLY, LIFEBANC VOLUNTEERS AND STAFF EDUCATE MORE THAN 100,000 STUDENTS AND ADULTS IN AN EFFORT TO PROVIDE ACCURATE INFORMATION, ENGAGE THE PUBLIC AND INCREASE THE NUMBER OF REGISTERED ORGAN, EYE AND TISSUE DONORS. LIFEBANC ALSO PROVIDES BEREAVEMENT SUPPORT AND SERVICES TO FAMILIES TOUCHED BY 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%)

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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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
184
Volunteers
48

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
6
$908,114
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
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
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