LIFE RAFT GROUP 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

2002

Legal Domicile

Principal Officer

SARA ROTHSCHILD

Phone

9738379092

Tax Period

2023-01-01 to 2023-12-31

LIFE RAFT GROUP INC, founded in 2002, is a community nonprofit in the Diseases & Disorders sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 8% surplus.

Mission

ENHANCING SURVIVAL AND QUALITY OF LIFE FOR PEOPLE LIVING WITH GIST AND OTHER RARE CANCERS THROUGH PATIENT-POWERED RESEARCH, EDUCATION, EMPOWERMENT AND GLOBAL ADVOCACY EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $1,086,139

RESEARCH: WE FUND AND MANAGE UNIQUELY COORDINATED RESEARCH INITIATIVES THAT ALWAYS KEEP THE NEEDS OF GIST PATIENTS FOREMOST. THE LIFE RAFT GROUP (LRG) CONTINUES TO LEAD A COLLABORATIVE TEAM OF...

RESEARCH: WE FUND AND MANAGE UNIQUELY COORDINATED RESEARCH INITIATIVES THAT ALWAYS KEEP THE NEEDS OF GIST PATIENTS FOREMOST. THE LIFE RAFT GROUP (LRG) CONTINUES TO LEAD A COLLABORATIVE TEAM OF WORLD-RENOWNED SCIENTISTS AND CLINICIANS IN GIST. LRG HAS THE LARGEST GIST PATIENT REGISTRY IN THE WORLD. OUR RESEARCH PARADIGM IS PATIENT-POWERED SCIENCE FOR LIFE. A COMPREHENSIVE APPROACH THAT COMPLIMENTS TRADITIONAL RESEARCH WITH REAL WORLD EVIDENCE SUPPORTED BY DATA.

Program 2

Expenses: $473,840 Revenue: $79,742

INFORMATION, EDUCATION, ADVOCACY, OUTREACH & ENGAGEMENT: THE LRG PROVIDES SUPPORT, INTERVENTION, EDUCATION AND ADVOCACY TO GIST PATIENTS, THEIR FAMILIES, AND CAREGIVERS. LOCAL SUPPORT IS AVAILABLE TO THE GIST COMMUNITY THROUGH A NETWORK OF LRG MENTORS AND VOLUNTEERS. OUR EDUCATION PROGRAMS ARE OFFERED WORLDWIDE. OUR GIST DAYS OF LEARNING ANDOUR BIENNIAL LIFE FEST EVENT GATHER EXPERTS FROM ACROSS THE GLOBE TO BRING THE MOST UP TO DATE INFORMATION ON GIST RESEARCH, EMERGING THERAPIES AND UPDATES ON THE WORLD OF GIST. OUR OUTREACH AND ENGAGEMENT EFFORTS ALSO INCLUDE PATIENT SUPPORT GROUPS, FOCUS GROUPS, MONTHLY WEBCASTS, OUR WEBSITE, ACCESS TO OUR CLINICAL TRIALS DATABASE AND OUR WORLDWIDE GIST SPECIALIST DATABASE. EXPERT PATIENT TRAINING IS OFFERED TO ALL MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,569,132

Program Service Revenue $79,742

Investment Income $136,128

Other Revenue $76,964

TOTAL REVENUE $1,861,966

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $1,213,721

Fundraising Expenses $84,615

Program Expenses $1,559,979

Other Expenses $478,566

TOTAL EXPENSES $1,712,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,861,966	$1,396,538	+0.3%
Expenses	$1,712,287	$1,918,096	-0.1%
Net Income	$149,679	$-521,558	-1.3%

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

230

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

$349,260

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY CUDZIL	TRUSTEE	1.00	Director	$0	$0	$0
STAN BUNN	TRUSTEE	1.00	Director	$0	$0	$0
JIM HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
RODRIGO SALAS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN ABRAMS	TRUSTEE	1.00	Director	$0	$0	$0
TEENA PETERSOHN	TRUSTEE	1.00	Director	$0	$0	$0
GARY GLASSER	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE PONTELL	TRUSTEE	1.00	Director	$0	$0	$0
KAY STOLZER	TRUSTEE	1.00	Director	$0	$0	$0
DR MONICA ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
SANTY DISABATINO	BOARD MEMBER & TREASURER	1.00	Officer Director	$0	$0	$0
PATRICIA BONDA-SWENSON	TRUSTEE	1.00	Director	$0	$0	$0
BILL BORWEGEN	TRUSTEE	1.00	Director	$0	$0	$0
ROBIN ELIA	CONTROLLER	24.00	Officer	$59,142	$1,913	$61,055
LAURA OCCHIUZZI	VICE PRESIDENT	35.00	Officer	$127,194	$6,840	$134,034
SARA ROTHSCHILD	EXECUTIVE DIRECTOR	35.00	Officer	$143,371	$10,800	$154,171

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	$1,861,966	$1,712,287	$3,244,046	$149,679
2022	$1,396,538	$1,918,096	$2,905,317	$-521,558
2021	$1,973,515	$1,984,660	$3,390,555	$-11,145
2020	$2,030,922	$1,996,675	$3,323,199	$34,247
2019	$1,544,312	$1,964,935	$3,281,991	$-420,623
2018	$1,201,324	$1,955,610	$3,671,932	$-754,286