Lifebox Foundation Inc

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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

2013

Legal Domicile

Principal Officer

Kristina Torgeson

Phone

6464575695

Tax Period

2024-04-01 to 2025-03-31

Lifebox Foundation Inc, founded in 2013, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.7M in total revenue in fiscal year 2024.

Mission

To improve the safety of healthcare in low and middle-income countries.

Program Service Accomplishments

Program 1

Expenses: $242,958 Revenue: $363,352

To preserve and protect the health of patients worldwide by providing and assisting in the provision of equipment and support services in low-resource, lower-middle income and upper-middle income...

To preserve and protect the health of patients worldwide by providing and assisting in the provision of equipment and support services in low-resource, lower-middle income and upper-middle income countries, as assessed by the World Bank and United Nations, at no or reduced cost; and to advance the education in healthcare of the general public and especially those in the medical or similar professions by the provision of education and training worldwide

Program 2

Expenses: $2,765,230 Revenue: $0

To encourage and facilitate research of unsafe healthcare and patient safety.

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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 $3,307,998

Program Service Revenue $363,352

Investment Income $80

Other Revenue $0

TOTAL REVENUE $3,671,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $336,058

Fundraising Expenses $341,176

Program Expenses $3,008,188

Other Expenses $3,355,254

TOTAL EXPENSES $3,691,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,671,430	$3,737,135	0.0%
Expenses	$3,691,312	$3,248,479	+0.1%
Net Income	$-19,882	$488,656	-1.0%

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

$229,594

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Berry MD	Director	1.00	Director	$0	$0	$0
Tola Sunmonu-Balogun	Director	1.00	Director	$0	$0	$0
Mohan Sancheti	Director	1.00	Director	$0	$0	$0
Faye Evans MD	Director	1.00	Director	$0	$0	$0
Alex B Haynes MD	Director	1.00	Director	$0	$0	$0
Susannah Schaefer	Director	1.00	Director	$0	$0	$0
Salome Maswime MMED	Vice President	1.00	Officer Director	$0	$0	$0
Alexander Hannenberg MD	President	1.00	Officer Director	$0	$0	$0
Andreu Maldonado	Treasurer	1.00	Officer Director	$0	$0	$0
Kristina Torgeson	CEO	40.00	Officer	$210,719	$18,875	$229,594

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
2025	$3,671,430	$3,691,312	$2,439,270	$-19,882
2024	$3,737,135	$3,248,479	$2,342,079	$488,656
2023	$2,365,257	$2,633,303	$2,233,643	$-268,046
2022	$3,325,105	$2,454,533	$2,259,487	$870,572
2021	$2,533,966	$2,178,500	$1,245,645	$355,466
2020	$925,877	$1,011,393	$525,249	$-85,516
2019	$967,382	$1,019,738	$713,838	$-52,356