LIFESHARE NETWORK INC (EIN 882584105) - 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

2022

Legal Domicile

Principal Officer

JEFFREY P ORLOWSKI

Phone

4058405551

Tax Period

2023-01-01 to 2023-12-31

LIFESHARE NETWORK INC, founded in 2022, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $29.6M exceeded revenue, resulting in a 1796% operating deficit.

Mission

LIFESHARE NETWORK, INC., SERVES AS THE PARENT COMPANY FOR LIFESHARE TRANSPLANT DONOR SERVICES OF OKLAHOMA, INC., THE ONLY FEDERALLY AUTHORIZED ORGAN PROCUREMENT ORGANIZATION (OPO) FOR THE STATE OF OKLAHOMA, LIFESHARE TISSUE SERVICES, INC., AND LIFESHARE INNOVATIONS, LLC.

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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 $1,128,865

Program Service Revenue $316,488

Investment Income $104,080

Other Revenue $13,441

TOTAL REVENUE $1,562,874

Expense Breakdown

Grants Paid $7,304

Salaries & Benefits $23,188,635

Fundraising Expenses $0

Program Expenses $12,039,524

Other Expenses $6,431,568

TOTAL EXPENSES $29,627,507

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,562,874	N/A	N/A
Expenses	$29,627,507	N/A	N/A
Net Income	$-28,064,633	$0	N/A

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

219

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

$2,583,556

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC SHERBURN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ED HEINEN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MARY JOHNSON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
IRFAN KUNDI MD	BOARD DIRECTOR	1.00	Director	$0	$0	$0
STEVE MILLER MD	BOARD DIRECTOR	1.00	Director	$0	$0	$0
STEVE AUSTIN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
PAMELA SPANBAUER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
HARLAN WRIGHT MD	BOARD DIRECTOR	1.00	Director	$0	$0	$0
GINA FLESHER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BENJAMIN COWLEY JR MD	BOARD SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JAMES SHARROCK	HR COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
JEFFREY ORLOWSKI	PRESIDENT AND CEO	40.00	Officer	$621,004	$47,582	$668,586
CLINT HOSTELER	CHIEF OPERATING OFFICER	40.00	Officer	$310,285	$47,017	$357,302
KATHRYN SMITH	CHIEF ADMINISTRATIVE OFFICER	40.00	Officer	$315,305	$41,283	$356,588
MARTIN BENOIT	CHIEF FINANCIAL OFFICER	40.00	Officer	$317,585	$44,030	$361,615
MICHELLE GIBSON	VP OF HUMAN RESOURCES	40.00	Officer	$252,717	$23,601	$276,318
ALYSSA HARRISON	VP OF TISSUE OPERATIONS	40.00	Officer	$229,052	$23,082	$252,134
JASON MORTON	VP OF QUALITY SYSTEMS	40.00	Officer	$265,403	$45,610	$311,013
SHI-FENG LI	ORGAN RECOVERY SURGEON	40.00	Highest	$434,036	$46,148	$480,184
HARVEY SOLOMON	ORGAN RECOVERY SURGEON	40.00	Highest	$262,232	$43,539	$305,771
JAMIE HARBAUGH	ORGAN RECOVERY COORDINATOR	40.00	Highest	$256,226	$26,473	$282,699
CHRISTOPHER COOK	ORGAN PERFUSION SPECIALIST	40.00	Highest	$192,500	$30,297	$222,797
ROBERT HANES	ORGAN PERFUSION SPECIALIST	40.00	Highest	$188,047	$19,482	$207,529

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	$1,562,874	$29,627,507	$26,813,563	$-28,064,633
2022	No data	No data	No data	No data

LIFESHARE NETWORK INC