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Nonprofiteer
← LIFENET HEALTH

Form 990 for tax year 2022

Filed by LIFENET HEALTH.

Totals

Total revenue
$456,633,012
Total expenses
$443,032,293
Contributions and grants received
$121,765
Grants paid
$122,640
Program service revenue
$455,648,801
Investment income
$89,811
Other revenue
$772,635
Total assets, end of year
$551,891,048
Total liabilities, end of year
$189,315,779
Net assets or fund balances, end of year
$362,575,269
Program services expenses (Part IX)
$377,310,150
Management and general expenses
$65,722,143
Fundraising expenses
$0
Program service expenses (Part III)
$377,310,150

Program services were 85.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $66,580

  • 1e · Government grants (contributions)

    $55,185

  • 2a · Program service revenue: TISSUE PROCESSING

    total $425,677,601 · related or exempt $425,677,601

  • 2b · Program service revenue: ORGAN PROCUREMENT

    total $29,529,480 · related or exempt $29,529,480

  • 2c · Program service revenue: DONOR CENTER

    total $441,720 · related or exempt $441,720

  • 3 · Investment income

    total $1,388,171 · excluded $1,388,171

  • 7a · Gross sales of assets other than inventory

    securities $63,189,053

  • 7b · Less cost or other basis and sales expenses

    securities $64,487,413

  • 7c · Gain or loss

    securities -$1,298,360

  • 7d · Net gain or loss

    total -$1,298,360 · excluded -$1,298,360

  • 11a · Other revenue: LICENSING

    total $772,635 · related or exempt $772,635

  • 11e · Other revenue, total

    $772,635

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $61,347 · program services $61,347

  • 3 · Grants to foreign organizations and individuals

    total $61,293 · program services $61,293

  • 5 · Compensation of officers, directors and key employees

    total $4,816,813 · management and general $4,816,813

  • 7 · Other salaries and wages

    total $110,305,685 · program services $90,254,591 · management and general $20,051,094

  • 8 · Pension plan contributions

    total $8,172,395 · program services $7,142,249 · management and general $1,030,146

  • 9 · Other employee benefits

    total $11,107,788 · program services $9,065,509 · management and general $2,042,279

  • 10 · Payroll taxes

    total $7,838,227 · program services $6,646,504 · management and general $1,191,723

  • 11b · Fees: legal

    total $2,116,933 · program services $14,596 · management and general $2,102,337

  • 11c · Fees: accounting

    total $316,590 · management and general $316,590

  • 11f · Fees: investment management

    total $221,200 · management and general $221,200

  • 11g · Fees: other

    total $133,426,921 · program services $130,063,180 · management and general $3,363,741

  • 12 · Advertising and promotion

    total $695,553 · program services $695,478 · management and general $75

  • 13 · Office expenses

    total $1,187,128 · program services $936,218 · management and general $250,910

  • 14 · Information technology

    total $2,682,130 · program services $107,808 · management and general $2,574,322

  • 16 · Occupancy

    total $11,029,488 · program services $4,989,143 · management and general $6,040,345

  • 17 · Travel

    total $4,856,444 · program services $4,638,037 · management and general $218,407

  • 19 · Conferences, conventions and meetings

    total $885,872 · program services $495,513 · management and general $390,359

  • 20 · Interest

    total $2,021,024 · management and general $2,021,024

  • 22 · Depreciation, depletion and amortization

    total $8,493,762 · program services $4,406,835 · management and general $4,086,927

  • 23 · Insurance

    total $3,334,989 · program services $71,193 · management and general $3,263,796

  • 24a · Other expenses: TISSUE COSTS

    total $85,383,094 · program services $83,281,761 · management and general $2,101,333

  • 24b · Other expenses: MISC. EXPENSES

    total $23,167,956 · program services $14,485,314 · management and general $8,682,642

  • 24c · Other expenses: FREIGHT

    total $20,849,661 · program services $19,893,581 · management and general $956,080

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,390,155 · end of year $14,820,598

  • 2 · Savings and temporary cash investments

    beginning of year $31,572,420 · end of year $32,948,844

  • 4 · Accounts receivable

    beginning of year $50,423,533 · end of year $53,318,169

  • 7 · Other notes and loans receivable

    beginning of year $375,000 · end of year $250,000

  • 8 · Inventories for sale or use

    beginning of year $220,858,111 · end of year $224,260,892

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,015,167 · end of year $3,828,159

  • 10a · Land, buildings and equipment: cost or other basis

    $196,572,447

  • 10b · Land, buildings and equipment: accumulated depreciation

    $112,113,171

  • 10c · Land, buildings and equipment, net

    beginning of year $81,109,224 · end of year $84,459,276

  • 11 · Investments: publicly traded securities

    beginning of year $63,366,350 · end of year $54,947,363

  • 12 · Investments: other securities

    beginning of year $8,128,057 · end of year $8,782,651

  • 13 · Investments: program-related

    beginning of year $5,116,477 · end of year $5,116,477

  • 14 · Intangible assets

    beginning of year $5,989,896 · end of year $9,129,927

  • 15 · Other assets

    beginning of year $21,155,832 · end of year $60,028,692

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,502,208 · end of year $89,641,382

  • 19 · Deferred revenue

    beginning of year $7,669,617 · end of year $4,638,985

  • 20 · Tax-exempt bond liabilities

    beginning of year $20,530,000 · end of year $19,390,000

  • 24 · Unsecured notes and loans payable

    beginning of year $36,000,000 · end of year $36,000,000

  • 25 · Other liabilities

    beginning of year $915,299 · end of year $39,645,412

  • 27 · Net assets without donor restrictions

    beginning of year $354,883,098 · end of year $362,575,269

Mission and programs · 2022

Mission

SEE SCHEDULE O

  • PROCESSING AND DISTRIBUTION OF HUMAN ALLOGRAFT TISSUE FOR TRANSPLANTATION.

    Expenses $348,305,605 · Grants $122,640 · Revenue $425,677,601

  • ORGAN RECOVERY AND TRANSPLANTATION SERVICES.

    Expenses $24,364,820 · Revenue $29,529,480

  • ORGAN AND TISSUE CALL CENTER SERVICES.

    Expenses $4,639,725 · Revenue $441,720

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mr Rony Thomas

    CEO

    Total calculated
    $2,894,661
    From this org
    $2,728,809
    From related orgs
    $0
    Other
    $165,852
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $1,024,870
    Bonus
    $1,553,776
    Other
    $150,163
    Deferred
    $137,962
    Nontaxable benefits
    $27,890
    Filer's total
    $2,894,661

  • Dr John Herre

    CHAIRMAN

    Total calculated
    $27,500
    From this org
    $27,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Dr Gerald Bowers

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dr John Cardea

    VICE CHAIRMAN

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Rev Jonathan Barton

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mrs Linda Cross

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dr Mark Reynolds

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dr William Greer

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dr Lenneal Henderson

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dr Lee Riley

    VICE CHAIRMAN

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dr Adam Landsman

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mrs Ann Lange

    DIRECTOR

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 1 related

  • Dr Kevin Bonner

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mrs Yvonne Wild

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mr F Blair Wimbush

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mr Darrell Jessee

    CHIEF COMMERCIAL OFFICER

    Total calculated
    $691,731
    From this org
    $527,030
    From related orgs
    $0
    Other
    $164,701
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $375,760
    Bonus
    $133,242
    Other
    $18,028
    Deferred
    $137,962
    Nontaxable benefits
    $26,739
    Filer's total
    $691,731

  • Mr J Philip Jones

    VP/SECRETARY/CFO

    Total calculated
    $71,715
    From this org
    $69,749
    From related orgs
    $0
    Other
    $1,966
    Hours/week
    40 + 5 related

  • Mr Doug Wilson

    EXECUTIVE VP

    Total calculated
    $932,280
    From this org
    $768,009
    From related orgs
    $0
    Other
    $164,271
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $507,187
    Bonus
    $188,549
    Other
    $72,273
    Deferred
    $137,962
    Nontaxable benefits
    $26,309
    Filer's total
    $932,280

  • Mr Michael Poole

    EVP, GLOBAL OPERATIONS

    Total calculated
    $685,446
    From this org
    $554,491
    From related orgs
    $0
    Other
    $130,955
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $335,575
    Bonus
    $118,993
    Other
    $99,923
    Deferred
    $112,962
    Nontaxable benefits
    $17,993
    Filer's total
    $685,446

  • Mr Alan Bortnick

    SVP, ADMINISTRATION

    Total calculated
    $708,617
    From this org
    $551,200
    From related orgs
    $0
    Other
    $157,417
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $351,541
    Bonus
    $104,396
    Other
    $95,263
    Deferred
    $137,962
    Nontaxable benefits
    $19,455
    Filer's total
    $708,617

  • Mr Daniel Osborne

    CHIEF GROWTH OFFICER

    Total calculated
    $686,665
    From this org
    $531,598
    From related orgs
    $0
    Other
    $155,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,730
    Bonus
    $101,555
    Other
    $71,313
    Deferred
    $137,962
    Nontaxable benefits
    $17,105
    Filer's total
    $686,665

  • Mr Michael Plew

    SVP, QUALITY & RC

    Total calculated
    $598,089
    From this org
    $541,688
    From related orgs
    $0
    Other
    $56,401
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,208
    Bonus
    $201,275
    Other
    $7,205
    Deferred
    $37,962
    Nontaxable benefits
    $18,439
    Filer's total
    $598,089

  • Mr Jingsong Chen

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $600,809
    From this org
    $461,305
    From related orgs
    $0
    Other
    $139,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,015
    Bonus
    $97,265
    Other
    $44,025
    Deferred
    $112,962
    Nontaxable benefits
    $26,542
    Filer's total
    $600,809

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
2 SENIOR EXECUTIVES RECEIVE MEMBERSHIPS TO THE VIRGINIA BEACH TOWN CENTER CLUB. THE CEO MAINTAINS A MEMBERSHIP TO THE TOWN POINT CLUB OF NORFOLK. THE CLUB MEMBERSHIPS WERE USED FOR BUSINESS PURPOSES AND TREATED AS NONTAXABLE COMPENSATION. OFFICERS AND KEY EMPLOYEES RECEIVE COMPENSATION FOR THE ACHIEVEMENT OF CERTAIN GOALS RESULTING IN AWARDS THAT ARE GROSSED UP AT A DETERMINED DOLLAR AMOUNT AND DISTRIBUTED NET OF TAX AT THIS DOLLAR AMOUNT.
PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN 2022: RONY THOMAS $130,988 DOUGLAS WILSON $51,770 DARRELL JESSEE $0 J. PHILIP JONES $0 MICHAEL POOLE $81,595 ALAN BORTNICK $76,289 MICHAEL PLEW $0 DANIEL OSBORNE $51,770 JINGSONG CHEN $32,540 MICHAEL LAPRADE $0 THE FOLLOWING INDIVIDUALS HAD AMOUNTS DEFERRED INTO A NONQUALIFIED RETIREMENT PLAN IN 2022: RONY THOMAS $100,000 DOUGLAS WILSON $100,000 DARRELL JESSEE $100,000 J. PHILIP JONES $0 MICHAEL POOLE $75,000 ALAN BORTNICK $100,000 MICHAEL PLEW $0 DANIEL OSBORNE $100,000 JINGSONG CHEN $75,000 MICHAEL LAPRADE $35,000
PART I, LINE 7
OFFICERS AND KEY EMPLOYEES RECEIVE INCENTIVE COMPENSATION FOR THE ACHIEVEMENT OF CERTAIN GOALS RESULTING IN AWARDS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • LIFENET HEALTH EUROPE GMBH

    TISSUE SERVICES · AU · controlled entity

    Directly controlled by LIFENET HEALTH

  • LIFENET HEALTH OF CANADA

    TISSUE SERVICES · CA · controlled entity

    Directly controlled by LIFENET HEALTH

  • FLORIDA TISSUE SERVICES

    501(C)(3) · TISSUE SERVICES · FL · controlled entity

    Directly controlled by LIFENET HEALTH

  • LIFENET FOUNDATION

    501(C)(3) · DONOR EDUCATION · VA · controlled entity

    Directly controlled by LIFENET HEALTH

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SKIN AND WOUND ALLOGRAFT INSTITUTE

    TISSUE GRAFT · VA · income $39,246,131 · assets $55,671,395

    Directly controlled by LIFENET HEALTH

  • INSTITUTE OF REGENERATIVE MEDICINE

    RESEARCH & DEVELOPMENT · VA · income $2,683,370 · assets $26,566,578

    Directly controlled by LIFENET HEALTH

  • LIFENET HEALTH NORTHWEST

    TISSUE SERVICES · VA · income $44,603,215 · assets $142,103,468

    Directly controlled by LIFENET HEALTH

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202313139349302341

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