Lifebanc EIN 34-1525159

Lifebanc

EIN  34-1525159 Public charity (501(c)(3)) Cleveland, OH Founded 1986
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/6/26 · see original filing: IRS
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Size
$10–100M
What they do
Save and heal lives through organ, eye, and tissue donation.
Leadership
Gordon Bowen · Chief Executive Officer · $955K
Money in and out
$39.2M revenue, $39.4M expenses
Bottom line
79% program efficiency

Save and heal lives through organ, eye, and tissue donation. For fiscal year 2024 it reported $39.2M in revenue, $39.4M in expenses, and $47.6M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$39.2M
Pt VIII · Ln 12
Total expenses
$39.4M
Pt IX · Ln 25
Net assets
$47.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$142K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21 Fundraising $0.00
Program efficiency
79%
of spending reaches programs▼ -14% vs prior filing year
Operating runway
10.7mo
months of highly liquid reserves at operating expense rate▲ +133% vs prior filing year
Surplus margin
0%
revenue over expenses, this year▼ -111% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$39.2M
FY2024▼ -51%
Expenses
$39.4M
FY2024▼ -49%
Total assets
$56.1M
FY2024▼ -7%
Total liabilities
$8.5M
FY2024▼ -45%
Total revenue
$39.2M
Pt VIII · Ln 12
Total expenses
$39.4M
Pt IX · Ln 25
Net assets
$47.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$142K
Total assetsPt X · Ln 16$56.1M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

2 program services account for $31.1M of program spending, described in the organization's own filed words · FY2024.
01

Since 1986, lifebanc has been the northeast ohio nonprofit organization working to save and heal lives through organ and tissue donation. Lifebanc began as one of the original organ procurement organizations in the united states and is a leader in the field and a highly respected organization regionally and nationally.

$30.7Mprogram expense
02

Annually, lifebanc volunteers and staff educate more than 100,000 students and adults in an effort to provide accurate information, engage the public and increase the number of registered organ, eye and tissue donors. Lifebanc also provides bereavement support and services to families touched by donation.

$392Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLifebanc
EINHdr · item D34-1525159
Principal addressHdr · item CCleveland, OH
WebsiteHdr · item Jwww.lifebanc.org
Year of formationHdr · item L1986
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$954,610Pt VII · Sec A
Chief Operations Officer,
$377,603Pt VII · Sec A
Chief Quality Officer
$297,316Pt VII · Sec A
Senior Director of Externa
$284,277Pt VII · Sec A
Senior Director of Finance
$279,042Pt VII · Sec A
Senior Director of Clinica
$263,022Pt VII · Sec A
Senior Director of Human R
$249,284Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gordon Bowen$954,610$596,448$511,699$512,419$510,188
Micah Davis$377,603$316,336$229,201
Debra Cooper$297,316$254,916$237,738$221,331$224,863
Heather Mekesa$284,277$228,342$227,235
Barbara Drobney$279,042$228,585$203,249$187,769$193,814
Donna Ferchill$263,022$195,727
Jeannie Sureck$249,284$194,422
Heather Makesa$228,637

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$38.2M · 97%
Contributions & grants$259K · 1%
Investment income$562K · 1%
Other revenue$212K · 1%
Program service revenue97%$38.2M
Contributions & grants1%$259K
Investment income1%$562K
Other revenue1%$212K
Total revenueLn 12$39.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21 Fundraising $0.00
Program services79%$31.1M
Management & general21%$8.2M
Fundraising$100K
Total functional expensesLn 25$39.4M

Balance Sheet

Part X · end of year
CashLn 1$6.6M
Total assetsLn 16$56.1M
Total liabilitiesLn 26$8.5M
Total net assetsLn 32$47.6M
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $35.0M · Operating expenses (Pt IX) $39.4M · Less non-cash grants $1K · Cash operating expenses/yr $39.4M
10.7 months
Where the money goes
Program services
Program services $31.1M · Total expenses $39.4M
79%
Management & General
Management & general $8.2M · Total expenses $39.4M
21%
Fundraising
Fundraising $100K · Total expenses $39.4M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $122K · Solicited contributions (3-yr avg) $409K
$0.30 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $259K · Total revenue $39.2M
1%
Government reliance
Government grants — · Total revenue $39.2M
Earned-income share
Program service revenue $38.2M · Total revenue $39.2M
97%
Investment reliance
Investment income $562K · Total revenue $39.2M
+1%
Program self-sufficiency
Program service revenue $38.2M · Total expenses $39.4M
97%
Growth & trend
Revenue growth (YoY)
This year $39.2M · Prior year $79.3M
-51%
Revenue CAGR
FY2020 $51.0M · FY2024 $39.2M
-6%
Net-asset trend (YoY)
End of year $47.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $39.2M · Expenses $39.4M
0%
Liabilities-to-Assets
Total liabilities — · Total assets $56.1M
Net-asset ratio
Net assets $47.6M · Total assets $56.1M
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $24.5M · Other securities (Pt X, ln 12) $3.9M · Total assets (Pt X, ln 16) $56.1M
51%
People & payroll
Highest Reported Total Compensation
Individual Gordon Bowen · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $955K · Total expenses $39.4M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $22.5M · Total expenses $39.4M
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 39%
Revenue growth -51%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$34K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$39.2M revenue · viewing · ⤓ 990 PDF
FY2023$79.3M revenue · ⤓ 990 PDF
FY2022$62.3M revenue · ⤓ 990 PDF
FY2021$55.7M revenue · ⤓ 990 PDF
FY2020$51.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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