LIFEX GREENHOUSE INC

EIN: 881083211 501(c)(3) Science & Technology

PITTSBURGH, PA

Total Revenue
$2,042,014
Total Expenses
$1,871,295
Total Assets
$7,891,753
Net Assets
$1,512,815
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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
2022
Legal Domicile
PA
Principal Officer
GERALD VARDZEL
Phone
3154031583
Tax Period
2024-07-01 to 2025-06-30

LIFEX GREENHOUSE INC, founded in 2022, is a community nonprofit in the Science & Technology sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.9M left a modest 8% surplus.

Mission

SUPPORTING THE DEVELOPMENT OF A ROBUST LIFE SCIENCES ENTREPRENEURIAL ECOSYSTEM IN SOUTHWESTERN PA THROUGH COMMUNITY EVENTS, DIRECT SUPPORT OF EARLY-STAGE STARTUPS, AND FOSTERING TALENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,811,285
Program Service Revenue $0
Investment Income $230,729
Other Revenue $0
TOTAL REVENUE $2,042,014

Expense Breakdown

Grants Paid $0
Salaries & Benefits $799,872
Fundraising Expenses $0
Program Expenses $1,354,801
Other Expenses $1,071,423
TOTAL EXPENSES $1,871,295

Year-over-Year Comparison

2024 2023 Change
Revenue $2,042,014 $2,697,086 -0.2%
Expenses $1,871,295 $965,524 +0.9%
Net Income $170,719 $1,731,562 -0.9%
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

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Governance

Voting Members
12
Independent Members
11
Employees
8
Volunteers
11

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
4
$654,442
Total Directors
12
$424,801
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERALD VARDZEL PRESIDENT/SECRETARY 10.00
Officer Director
$87,815 $58,103 $424,801
DR MICHAEL HUFFORD TREASURER 1.00
Officer Director
$0 $0 $0
BOBBY ZAPPALA BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER MOLINEAUX BOARD MEMBER 1.00
Director
$0 $0 $0
ROB RUTENBAR CHAIR 1.00
Officer Director
$0 $0 $0
JEN GILBURG BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE GULICK BOARD MEMBER 1.00
Director
$0 $0 $0
MARC MALANDRO BOARD MEMBER 1.00
Director
$0 $0 $0
MEGAN SHAW BOARD MEMBER 1.00
Director
$0 $0 $0
PAMELA LEWIS BOARD MEMBER 1.00
Director
$0 $0 $0
TIM MCNULTY BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZA SWANN BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL YOUNG VP, OPERATIONS & FINANCE 14.00
Officer
$58,047 $60,683 $229,641
KELLY COLLIER DIRECTOR OF ECOSYSTEM DEVE 28.00
Highest
$97,892 $49,527 $187,369
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 $2,042,014 $1,871,295 $7,891,753 $170,719
2024 No data No data No data No data
2023 $508,287 $832,454 $4,962,752 $-324,167
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