Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $119,602

• 2a · Program service revenue: MEDICARE PAYMENTS

  total $56,656,534 · related or exempt $56,656,534

• 2b · Program service revenue: ORGAN RECOVERY

  total $32,054,488 · related or exempt $32,054,488

• 2c · Program service revenue: TISSUE RECOVERY

  total $16,293,555 · related or exempt $16,293,555

• 2d · Program service revenue: LAB SERVICES

  total $746,535 · related or exempt $746,535

• 3 · Investment income

  total $507,236 · excluded $507,236

• 7a · Gross sales of assets other than inventory

  securities $1,089,429

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

  securities $1,002,397

• 7c · Gain or loss

  securities $87,032

• 7d · Net gain or loss

  total $87,032 · excluded $87,032

• 11a · Other revenue: INSURANCE PROCEEDS

  total $1,000,000 · excluded $1,000,000

• 11e · Other revenue, total

  $1,000,000

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $104,109 · program services $104,109

• 2 · Grants to domestic individuals

  total $20,658 · program services $20,658

• 5 · Compensation of officers, directors and key employees

  total $2,315,756 · program services $669,441 · management and general $1,646,315

• 7 · Other salaries and wages

  total $28,538,173 · program services $23,145,071 · management and general $5,306,451 · fundraising $86,651

• 8 · Pension plan contributions

  total $2,509,686 · program services $2,002,751 · management and general $499,254 · fundraising $7,681

• 9 · Other employee benefits

  total $6,447,750 · program services $5,120,237 · management and general $1,311,177 · fundraising $16,336

• 10 · Payroll taxes

  total $2,956,043 · program services $2,473,046 · management and general $476,757 · fundraising $6,240

• 11b · Fees: legal

  total $2,396 · management and general $2,396

• 11c · Fees: accounting

  total $58,950 · management and general $58,950

• 11d · Fees: lobbying

  total $40,759 · management and general $40,759

• 11g · Fees: other

  total $6,685,660 · program services $6,065,540 · management and general $620,120

• 13 · Office expenses

  total $5,024,706 · program services $3,389,602 · management and general $1,624,467 · fundraising $10,637

• 16 · Occupancy

  total $927,726 · program services $195,723 · management and general $732,003

• 17 · Travel

  total $7,824,114 · program services $7,824,114

• 19 · Conferences, conventions and meetings

  total $992,287 · program services $760,111 · management and general $231,380 · fundraising $796

• 20 · Interest

  total $190,029 · management and general $190,029

• 22 · Depreciation, depletion and amortization

  total $1,697,651 · program services $304,364 · management and general $1,393,287

• 23 · Insurance

  total $492,983 · management and general $492,983

• 24a · Other expenses: IMPORTED ORGAN COSTS

  total $18,806,273 · program services $18,806,273

• 24b · Other expenses: DONOR HOSPITAL EXPENSES

  total $7,950,585 · program services $7,950,585

• 24c · Other expenses: LAB & MEDICAL SUPPLIES

  total $7,209,834 · program services $7,209,834

• 24d · Other expenses: FUTURE FUNDRAISING EVEN

  total $26,149 · fundraising $26,149

• 24e · All other expenses

  total $1,049,730 · program services $172,994 · management and general $858,087 · fundraising $18,649

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $6,262,550 · end of year $10,274,677

• 4 · Accounts receivable

  beginning of year $14,433,704 · end of year $17,546,557

• 8 · Inventories for sale or use

  beginning of year $1,413,264 · end of year $1,407,475

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,118,992 · end of year $1,160,745

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

  $33,348,764

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

  $13,860,828

• 10c · Land, buildings and equipment, net

  beginning of year $19,183,741 · end of year $19,487,936

• 11 · Investments: publicly traded securities

  beginning of year $13,255,140 · end of year $17,348,466

• 15 · Other assets

  beginning of year $11,441,544 · end of year $7,072,191

• 17 · Accounts payable and accrued expenses

  beginning of year $11,036,387 · end of year $9,905,808

• 23 · Secured mortgages and notes payable

  beginning of year $5,625,358 · end of year $4,966,216

• 25 · Other liabilities

  beginning of year $1,045,182 · end of year $987,282

• 27 · Net assets without donor restrictions

  beginning of year $49,402,008 · end of year $58,438,741

The filer's explanations (Part III)

PART I, LINE 6

THE INCENTIVE COMPENSATION PROGRAM IS DESIGNED TO MOTIVATE AND REWARD ELIGIBLE EMPLOYEES FOR THE ORGANIZATION'S PERFORMANCE AND THEIR CONTRIBUTION TO THE SUCCESSFUL ACHIEVEMENT OF THE ORGANIZATIONAL FINANCIAL AND OPERATIONAL METRICS. CERTAIN MINIMUM FINANCIAL THRESHOLDS MUST BE MET FOR ANY PAYMENTS TO BE MADE. A MAXIMUM LIMIT OF THE PAYMENTS IS ALSO ESTABLISHED. EACH YEAR, THE CORPORATE PERFORMANCE GOALS ARE SET AS PART OF THE BUDGET PROCESS AND APPROVED BY THE BOARD FOR THE UPCOMING YEAR. LONGEVITY BONUS: THE LONGEVITY BONUS PROGRAM IS DESIGNED TO MOTIVATE AND REWARD GIFT OF LIFE EMPLOYEES FOR THEIR CONTINUED SERVICE TO THE ORGANIZATION. THE LONGEVITY BONUS IS PAID OUT ANNUALLY IN JANUARY AND IS EQUAL TO A PERCENTAGE OF THE EMPLOYEE'S ELIGIBLE BASE WAGES, DETERMINED BY THEIR YEARS OF SERVICE. EXECUTIVE BONUS: LIKE THE INCENTIVE COMPENSATION PROGRAM, THE BOARD SETS GOALS FOR THE EXECUTIVE LEADERSHIP TEAM BASED ON THE ORGANIZATION'S PERFORMANCE. A MAXIMUM LIMIT OF PAYMENTS IS ALSO ESTABLISHED.