LIFESPAN EXTENSION ADVOCACY FOUNDA… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

KEITH COMITO

Phone

5162422048

Tax Period

2024-01-01 to 2024-10-04

LIFESPAN EXTENSION ADVOCACY FOUNDATION, founded in 2014, is a small nonprofit in the Medical Research sector that reported $781K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROMOTE THE ADVANCEMENT OF BIOMEDICAL TECHNOLOGIES WHICH INCREASE HUMAN LIFESPAN. TO THIS PURPOSE, THE CORPORATION SHALL, FISCALLY SPONSOR GRANTS FOR LIFESPAN RELATED RESEARCH, SPONSOR MEETINGS AND CONVENTIONS, AND RAISE AWARENESS BY EDUCATING THE PUBLIC REGARDING THE VALUE OF LIFE EXTENSION.

Program Service Accomplishments

Program 1

Expenses: $833,022

PRODUCTION OF DAILY NEWS ARTICLES, VIDEOS, INTERVIEWS, AND OTHER EDUCATIONAL CONTENT THROUGH OUR NEWS AND OUTREACH WEBSITE PLATFORM, FOCUSED ON RAISING AWARENESS REGARDING THE PERSONAL AND SOCIETAL...

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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 $520,769

Program Service Revenue $0

Investment Income $220,215

Other Revenue $39,913

TOTAL REVENUE $780,897

Expense Breakdown

Grants Paid $360,590

Salaries & Benefits $199,424

Fundraising Expenses $48,324

Program Expenses $833,022

Other Expenses $447,015

TOTAL EXPENSES $1,007,029

Year-over-Year Comparison

	2024	2023	Change
Revenue	$780,897	$923,776	-0.2%
Expenses	$1,007,029	$1,333,942	-0.2%
Net Income	$-226,132	$-410,166	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH COMITO	PRESIDENT & SECRETARY	7.40	Officer Director	$0	$0	$0
OLIVER MEDVEDIK	VP	11.50	Officer Director	$0	$0	$0
RICHARD KAUFMAN	TREASURER	2.00	Officer Director	$0	$0	$0
ANDREW AIELLO	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL SPIEGEL	BOARD MEMBER	3.50	Director	$0	$0	$0
STEVE HILL	BOARD MEMBER	25.50	Director	$0	$0	$0
JAVIER NORIS	BOARD MEMBER	5.50	Director	$0	$0	$0
STEPHANIE DAINOW	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0

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	$780,897	$1,007,029	No data	$-226,132
2023	$923,776	$1,333,942	$737,240	$-410,166
2022	$1,216,278	$1,031,097	$956,404	$185,181
2021	$1,293,938	$946,021	$866,190	$347,917
2020	$540,050	$358,636	$501,630	$181,414
2019	$571,910	$558,880	$326,466	$13,030
2018	$648,898	$399,128	$309,248	$249,770

LIFESPAN EXTENSION ADVOCACY FOUNDATION