LIFE SCIENCE CARES INC (EIN 812435939) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

SARAH MACDONALD

Phone

6176375052

Tax Period

2024-01-01 to 2024-12-31

LIFE SCIENCE CARES INC, founded in 2016, is a mid-sized nonprofit in the Medical Research sector that reported $12.5M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $11.1M left a modest 11% surplus.

Mission

LIFE SCIENCE CARES ACTIVATES THE FINANCIAL AND HUMAN CAPITAL OF THE LIFE SCIENCES INDUSTRY AND PARTNERS WITH NONPROFITS TO DISRUPT THE CYCLE OF POVERTY AND INEQUALITY IN OUR COMMUNITIES. LSC SERVES NOT ONLY AS A GRANT-MAKING ORGANIZATION, BUT ALSO A COMMITTED COMMUNITY ENGAGING TO HELP SOLVE SOCIETAL PROBLEMS THROUGH A COMBINATION OF VOLUNTEERISM AND THOUGHT PARTNERSHIP.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,450,671

Program Service Revenue $0

Investment Income $185,787

Other Revenue $-110,977

TOTAL REVENUE $12,525,481

Expense Breakdown

Grants Paid $5,418,494

Salaries & Benefits $4,285,604

Fundraising Expenses $1,781,296

Program Expenses $7,890,174

Other Expenses $1,416,055

TOTAL EXPENSES $11,120,153

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,525,481	$9,986,155	+0.3%
Expenses	$11,120,153	$9,856,770	+0.1%
Net Income	$1,405,328	$129,385	+9.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$302,322

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB PEREZ	CHAIR	1.00	Officer Director	$0	$0	$0
MIKE TOMSICEK	TREASURER	1.00	Officer Director	$0	$0	$0
ABE CEESAY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT URBAN	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA MAZAREAS	DIRECTOR	1.00	Director	$0	$0	$0
NOLAN TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HESSEKIEL	DIRECTOR	1.00	Director	$0	$0	$0
NINA KJELLSON	DIRECTOR	1.00	Director	$0	$0	$0
TOM DANIEL	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MARRAZZO	DIRECTOR (UNTIL 11/12/2024)	1.00	Director	$0	$0	$0
TRISHA MILLICAN	DIRECTOR (UNTIL 11/12/2024)	1.00	Director	$0	$0	$0
JENNIFER FOX	DIRECTOR (UNTIL 11/12/2024)	1.00	Director	$0	$0	$0
VIN MILANO	DIRECTOR	1.00	Director	$0	$0	$0
SEEMA KUMAR	DIRECTOR	1.00	Director	$0	$0	$0
JIM REDDOCH	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI ZOD	DIRECTOR	1.00	Director	$0	$0	$0
CARIN CANALE-THEAKSTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MELVILLE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH MACDONALD	CLERK & CEO, LSC NATIONAL	40.00	Officer	$272,001	$30,321	$302,322
AISHA BARO	EXECUTIVE DIRECTOR, BAY AREA	40.00	Highest	$268,859	$25,836	$294,695
MORGAN BERMAN	EXECUTIVE DIRECTOR, PHILLY	40.00	Highest	$206,128	$35,037	$241,165
LEANE MARCHESE	INTERIM EXEC. DIRECTOR, BOSTON	40.00	Highest	$206,266	$18,562	$224,828
YVONNE SPICER	EXEC. DIRECTOR, BOSTON (UNTIL 2024)	40.00	Highest	$209,488	$5,846	$215,334
ELIZABETH FASSBERG	EXECUTIVE DIRECTOR, NEW YORK	40.00	Highest	$183,643	$20,698	$204,341

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	$12,525,481	$11,120,153	$11,977,275	$1,405,328
2023	$9,986,155	$9,856,770	$11,095,745	$129,385
2022	$8,643,098	$6,935,202	$9,242,190	$1,707,896
2021	$8,289,428	$4,485,257	$8,104,702	$3,804,171
2020	$5,637,759	$3,604,534	$3,578,866	$2,033,225
2019	$1,492,468	$1,327,605	$1,456,352	$164,863
2018	$1,046,580	$969,704	$1,158,681	$76,876

LIFE SCIENCE CARES INC