Lifebanc FY2023 filing

Tax-deductible

Cleveland, OH501(c)(3)Since 1986EIN 34-1525159

Saving and healing lives through organ, eye and tissue donation.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$2.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $2.6M a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $34K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15.5M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$79.3M
+27% vs prior year
Spent
$76.7M
To programs
92%
Net assets
$45.0M
By yearFY2020–FY2024
Revenue
$79.3M
FY2023▲ +27%
Revenue by fiscal year
FY2020$51.0M
FY2021$55.7M
FY2022$62.3M
FY2023$79.3M
FY2024$39.2M
Expenses
$76.7M
FY2023▲ +27%
Expenses by fiscal year
FY2020$46.8M
FY2021$51.3M
FY2022$60.5M
FY2023$76.7M
FY2024$39.4M
Net assets
$45.0M
FY2023▲ +14%
Net assets by fiscal year
FY2020$35.2M
FY2021$41.7M
FY2022$39.7M
FY2023$45.0M
FY2024$47.6M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CLifebanc
EINHdr · item D34-1525159
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 1986
Year of formationHdr · item L1986
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CCleveland, OH
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.lifebanc.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08 Fundraising $0.00
Program services92%$70.8M
Management & general8%$5.8M
Fundraising$102K
Total functional expensesLn 25$76.7M

Financial health

Is it on solid ground?

Program efficiency
92%
of spending reaches programs
Operating runway
4.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$60.5M
FY2023▲ +17%
Total assets by fiscal year
FY2020$44.6M
FY2021$51.7M
FY2022$51.7M
FY2023$60.5M
FY2024$56.1M
Total liabilities
$15.5M
FY2023▲ +29%
Total liabilities by fiscal year
FY2020$9.4M
FY2021$10.0M
FY2022$12.0M
FY2023$15.5M
FY2024$8.5M
Revenue less expensesPt I · Ln 19$2.6M
Total assetsPt X · Ln 16$60.5M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418

Balance Sheet

Part X · end of year
CashLn 1$3.9M
Total assetsLn 16$60.5M
Total liabilitiesLn 26$15.5M
Total net assetsLn 32$45.0M
Months of cash on handcomputed0.6

Statement of Revenue

Part VIII
Program service revenue$77.7M · 98%
Contributions & grants$730K · 1%
Investment income$481K · 1%
Program service revenue98%$77.7M
Contributions & grants1%$730K
Investment income1%$481K
Other revenue$374K
Total revenueLn 12$79.3M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $29.1M · Operating expenses/yr $76.7M
4.6 months
Where the money goes
Program services
Program services $70.8M · Total expenses $76.7M
92%
Management & General
Management & general $5.8M · Total expenses $76.7M
8%
Fundraising
Fundraising $102K · Total expenses $76.7M
0.1%
Cost to raise $1
Fundraising expense (3-yr avg) $152K · Solicited contributions (3-yr avg) $442K
$0.34 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $730K · Total revenue $79.3M
0.9%
Government reliance
Government grants — · Total revenue $79.3M
—
Earned-income share
Program service revenue $77.7M · Total revenue $79.3M
98%
Investment reliance
Investment income $481K · Total revenue $79.3M
+0.6%
Program self-sufficiency
Program service revenue $77.7M · Total expenses $76.7M
101%
Growth & trend
Revenue growth (YoY)
This year $79.3M · Prior year $62.3M
+27%
Net-asset trend (YoY)
End of year $45.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $79.3M · Expenses $76.7M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $60.5M
—
Net-asset ratio
Net assets $45.0M · Total assets $60.5M
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $21.7M · Other securities (Pt X, ln 12) $3.6M · Total assets (Pt X, ln 16) $60.5M
42%
People & payroll
Highest Reported Total Compensation
Individual Gordon Bowen · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $596K · Total expenses $76.7M
0.8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $22.1M · Total expenses $76.7M
29%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%——
Overhead ratio 8%——
Fundraising cost ratio 14%——
Revenue growth 27%——
Investment management fee ratio 0.2%——
Legal fee ratio 0.07%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$596,448Pt VII · Sec A
Chief Operations Officer,
$316,336Pt VII · Sec A
Chief Quality Officer
$254,916Pt VII · Sec A
Senior Director of External Relations
$228,637Pt VII · Sec A
Senior Director of Finance
$228,585Pt VII · Sec A
Senior Director of Clinical Services
$195,727Pt VII · Sec A
Senior Director of Human Resources
$194,422Pt 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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Governance & Policies

Part VI
  • 18Voting board membersPt VI · Ln 1a
  • 18Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Save and heal lives through organ, eye, and tissue donation.

Provided by the organization

This section is blank until Lifebanc claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $70.8M of program spending, described in the organization's own filed words · FY2023.
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.

$70.4Mprogram 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.

$407Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $39.2M$39.4M-51% 990 PDF
FY2023 Viewing $79.3M$76.7M+27% 990 PDF
FY2022 $62.3M$60.5M+12% 990 PDF
FY2021 $55.7M$51.3M+9% 990 PDF
FY2020 $51.0M$46.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2023

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $76,721,579 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $802,852 · Management $105,264$908,116
IX-7 Other salaries and wagesPrograms $13,235,405 · Management $1,669,101 · Fundraising $22,475$14,926,981
IX-8 Pension plan contributionsPrograms $660,638 · Management $100,867$761,505
IX-9 Other employee benefitsPrograms $3,712,028 · Management $562,775$4,274,803
IX-10 Payroll taxesPrograms $1,088,282 · Management $118,591 · Fundraising $1,670$1,208,543
IX-11b Legal feesManagement $56,406$56,406
IX-11d Lobbying feesManagement $81,600$81,600
IX-11f Investment management feesManagement $106,759$106,759
IX-11g Other fees for servicesPrograms $132,583 · Management $353,649$486,232
IX-13 Office expensesPrograms $41,152 · Management $74,238 · Fundraising $244$115,634
IX-14 Information technologyPrograms $14,160 · Management $1,223,533 · Fundraising $39,911$1,277,604
IX-16 OccupancyPrograms $115,717 · Management $68,975 · Fundraising $899$185,591
IX-19 Conferences, conventions and meetingsPrograms $68,533 · Management $34,354$102,887
IX-20 InterestPrograms $97,580 · Management $58,143 · Fundraising $520$156,243
IX-22 Depreciation, depletion and amortizationPrograms $378,907 · Management $225,775 · Fundraising $2,021$606,703
IX-23 InsurancePrograms $283,674 · Management $169,030 · Fundraising $1,513$454,217
IX-24 Other expenses (24a–d)Programs $49,612,729 · Management $78,831 · Fundraising $929$49,692,489
IX-24e All other expensesPrograms $598,458 · Management $688,701 · Fundraising $32,107$1,319,266
IX-25 Total functional expensesPrograms $70,842,698 · Management $5,776,592 · Fundraising $102,289$76,721,579

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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