Lifenet Health EIN 52-1273592

Lifenet Health

EIN  52-1273592 Hospital Virginia Bch, VA Founded 1982
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/4/26 · see original filing: IRS
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Size
$100M+
What they do
Facilitates organ and tissue donation through a 24/7 call center.
Leadership
Mr Rony Thomas · CEO · $3.5M
Money in and out
$598.6M revenue, $580.5M expenses
Bottom line
+3% operating surplus

Facilitates organ and tissue donation through a 24/7 call center. For fiscal year 2024 it reported $598.6M in revenue, $580.5M in expenses, and $401.1M in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$598.6M
Pt VIII · Ln 12
Total expenses
$580.5M
Pt IX · Ln 25
Net assets
$401.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18.0M
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Operating surplus
+3%
revenue over expenses, this legal entity▲ +6% vs prior filing year
Payroll share
34%
of this entity's spending is salaries & benefits▲ +2% vs prior filing year
Program spending
85%
of expenses reach program services▲ +1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$598.6M
FY2024▲ +12%
Expenses
$580.5M
FY2024▲ +12%
Total assets
$650.8M
FY2024▲ +2%
Total liabilities
$249.7M
FY2024▼ -3%
Total revenue
$598.6M
Pt VIII · Ln 12
Total expenses
$580.5M
Pt IX · Ln 25
Net assets
$401.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$18.0M
Total assetsPt X · Ln 16$650.8M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $496.2M of program spending, described in the organization's own filed words · FY2024.
01

Processing and distribution of human allograft tissue for transplantation.

$414.8Mprogram expense
02

Organ recovery and transplantation services.

$76.5Mprogram expense
03

Organ and tissue call center services.

$4.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLifenet Health
EINHdr · item D52-1273592
Principal addressHdr · item CVirginia Bch, VA
WebsiteHdr · item Jwww.lifenethealth.org
Year of formationHdr · item L1982
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E65)
Ruling yearIRS BMFAug 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b11
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
$3,545,517Pt VII · Sec A
Executive VP
$945,386Pt VII · Sec A
Chief Administrative Officer
$689,050Pt VII · Sec A
Chief Growth Officer
$682,578Pt VII · Sec A
EVP, Global Operations
$664,933Pt VII · Sec A
VP, Ls Commercial Operations
$640,402Pt VII · Sec A
Chief Human Resources Officer
$620,078Pt VII · Sec A
VP/Secretary/CFO
$546,918Pt VII · Sec A

Mr Rony Thomas’s $3.5M as CEO is at the 94th percentile of top reported officer pay among 1754 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2021FY2020
Mr Rony Thomas$3,545,517$2,948,491$2,728,809$2,446,833
Rony Thomas$2,286,277
Gordon Berkstresser$960,922
Mr Douglas Wilson$945,386
Mr Doug Wilson$830,337$768,009$748,611
Doug Wilson$713,115
Mr Alan Bortnick$689,050$567,125$551,200$500,084
Mr Daniel Osborne$682,578$589,595$531,598$483,253

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$587.7M · 98%
Investment income$3.6M · 1%
Other revenue$7.1M · 1%
Program service revenue98%$587.7M
Investment income1%$3.6M
Other revenue1%$7.1M
Contributions & grants$176K
— government grantsLn 1e$121K
Total revenueLn 12$598.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$496.2M
Management & general15%$84.3M
Total functional expensesLn 25$580.5M

Balance Sheet

Part X · end of year
CashLn 1$55.6M
Total assetsLn 16$650.8M
Total liabilitiesLn 26$249.7M
Total net assetsLn 32$401.1M
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $112.6M · Operating expenses/yr $580.5M
2.3 months
Where the money goes
Program services
Program services $496.2M · Total expenses $580.5M
85%
Management & General
Management & general $84.3M · Total expenses $580.5M
15%
Fundraising
Fundraising $0 · Total expenses $580.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $51K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $176K · Total revenue $598.6M
0%
Government reliance
Government grants $121K · Total revenue $598.6M
0%
Earned-income share
Program service revenue $587.7M · Total revenue $598.6M
98%
Investment reliance
Investment income $3.6M · Total revenue $598.6M
+1%
Program self-sufficiency
Program service revenue $587.7M · Total expenses $580.5M
101%
Growth & trend
Revenue growth (YoY)
This year $598.6M · Prior year $535.5M
+12%
Revenue CAGR
FY2020 $407.1M · FY2024 $598.6M
+10%
Net-asset trend (YoY)
End of year $401.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $598.6M · Expenses $580.5M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $650.8M
Net-asset ratio
Net assets $401.1M · Total assets $650.8M
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $52.8M · Other securities (Pt X, ln 12) $4.1M · Total assets (Pt X, ln 16) $650.8M
9%
People & payroll
Highest Reported Total Compensation
Individual Mr Rony Thomas · Reported title CEO · Highest reported compensation $3.5M · Total expenses $580.5M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $196.2M · Total expenses $580.5M
34%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Revenue growth 12%
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 · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$47K
Grants paid · 1 grant · $40K · 2021–2021

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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)$598.6M revenue · viewing · ⤓ 990 PDF
FY2023$535.5M revenue · ⤓ 990 PDF
FY2022$456.6M revenue · ⤓ 990 PDF
FY2021$455.4M revenue · ⤓ 990 PDF
FY2020$407.1M 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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