LIFESHARE BLOOD CENTER FOUNDATION (EIN 721442539) - 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

1999

Legal Domicile

Principal Officer

MICHAEL THOMAS

Phone

3186731457

Tax Period

2024-01-01 to 2024-12-31

LIFESHARE BLOOD CENTER FOUNDATION, founded in 1999, is a small nonprofit in the Health Care sector that reported $593K in total revenue in fiscal year 2024. Revenue surged 151% from the prior year, signaling strong growth momentum. The organization ran a surplus of $487K, a strong 82% operating margin.

Mission

LIFESHARE BLOOD CENTER FOUNDATION OPERATES SOLELY FOR THE BENEFIT AND SUPPORT OF LIFESHARE BLOOD CENTER, A COMMUNITY BLOOD BANK.

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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 $8,834

Program Service Revenue $0

Investment Income $593,896

Other Revenue $-10,181

TOTAL REVENUE $592,549

Expense Breakdown

Grants Paid $598

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $598

Other Expenses $104,665

TOTAL EXPENSES $105,263

Year-over-Year Comparison

	2024	2023	Change
Revenue	$592,549	$235,700	+1.5%
Expenses	$105,263	$105,600	0.0%
Net Income	$487,286	$130,100	+2.7%

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

$1,013,221

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MATESSINO	EX-OFFICIO	2.00	Director	$0	$0	$0
WILLIAM HANKINS	TRUSTEE	2.00	Director	$0	$0	$0
MERRILEE LEATHERMAN	TRUSTEE	2.00	Director	$0	$0	$0
C LOUIS RAY	CHAIR	2.00	Director	$0	$0	$0
TOM SIMMS III	TRUSTEE	2.00	Director	$0	$0	$0
CHAD A DOUGLAS	PRESIDENT & CEO	5.00	Officer	$0	$48,683	$746,327
CARRIE HRISAFI-JOSAN	SECRETARY/TREASURER	5.00	Officer	$0	$38,214	$266,894

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	$592,549	$105,263	$26,058,058	$487,286
2023	$235,700	$105,600	$11,047,105	$130,100
2022	$266,065	$61,528	$9,764,051	$204,537
2021	$758,934	$59,527	$11,282,600	$699,407
2021	$758,934	$59,527	$11,282,600	$699,407
2020	$642,504	$48,197	$10,143,454	$594,307
2020	$642,504	$48,197	$10,143,454	$594,307
2019	$766,940	$50,849	$8,910,997	$716,091
2018	$255,241	$52,937	$7,576,536	$202,304

LIFESHARE BLOOD CENTER FOUNDATION