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Nonprofiteer
← LIFENET HEALTH

Form 990 for tax year 2023

Filed by LIFENET HEALTH.

Totals

Total revenue
$535,478,299
Total expenses
$520,247,214
Contributions and grants received
$94,966
Grants paid
$136,202
Program service revenue
$532,431,988
Investment income
$2,178,710
Other revenue
$772,635
Total assets, end of year
$637,718,043
Total liabilities, end of year
$257,704,610
Net assets or fund balances, end of year
$380,013,433
Program services expenses (Part IX)
$438,856,606
Management and general expenses
$81,390,608
Fundraising expenses
$0
Program service expenses (Part III)
$438,856,606

Program services were 84.4% 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

    $30,158

  • 1e · Government grants (contributions)

    $64,808

  • 2a · Program service revenue: TISSUE PROCESSING

    total $454,629,910 · related or exempt $454,629,910

  • 2b · Program service revenue: ORGAN PROCUREMENT

    total $77,621,427 · related or exempt $77,621,427

  • 2c · Program service revenue: DONOR CENTER

    total $180,651 · related or exempt $180,651

  • 3 · Investment income

    total $2,004,487 · excluded $2,004,487

  • 7a · Gross sales of assets other than inventory

    securities $89,821,166

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

    securities $89,646,943

  • 7c · Gain or loss

    securities $174,223

  • 7d · Net gain or loss

    total $174,223 · excluded $174,223

  • 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 $136,202 · program services $136,202

  • 5 · Compensation of officers, directors and key employees

    total $5,284,452 · management and general $5,284,452

  • 7 · Other salaries and wages

    total $130,045,781 · program services $107,193,975 · management and general $22,851,806

  • 8 · Pension plan contributions

    total $9,159,254 · program services $8,137,673 · management and general $1,021,581

  • 9 · Other employee benefits

    total $20,097,765 · program services $17,415,898 · management and general $2,681,867

  • 10 · Payroll taxes

    total $7,685,473 · program services $6,585,242 · management and general $1,100,231

  • 11b · Fees: legal

    total $3,522,029 · program services $35,943 · management and general $3,486,086

  • 11c · Fees: accounting

    total $328,231 · program services $381 · management and general $327,850

  • 11f · Fees: investment management

    total $216,849 · management and general $216,849

  • 11g · Fees: other

    total $172,564,862 · program services $170,401,843 · management and general $2,163,019

  • 12 · Advertising and promotion

    total $404,600 · program services $404,600

  • 13 · Office expenses

    total $1,326,347 · program services $1,069,356 · management and general $256,991

  • 14 · Information technology

    total $15,740,616 · program services $149,640 · management and general $15,590,976

  • 16 · Occupancy

    total $12,443,868 · program services $4,993,600 · management and general $7,450,268

  • 17 · Travel

    total $6,952,162 · program services $6,558,302 · management and general $393,860

  • 19 · Conferences, conventions and meetings

    total $1,202,300 · program services $677,096 · management and general $525,204

  • 20 · Interest

    total $4,729,359 · management and general $4,729,359

  • 22 · Depreciation, depletion and amortization

    total $11,229,531 · program services $4,678,888 · management and general $6,550,643

  • 23 · Insurance

    total $3,204,013 · program services $23,121 · management and general $3,180,892

  • 24a · Other expenses: TISSUE COSTS

    total $77,776,762 · program services $76,001,531 · management and general $1,775,231

  • 24b · Other expenses: FREIGHT

    total $23,074,326 · program services $22,182,177 · management and general $892,149

  • 24c · Other expenses: MISC. EXPENSES

    total $13,122,432 · program services $12,211,138 · management and general $911,294

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,820,598 · end of year $19,865,496

  • 2 · Savings and temporary cash investments

    beginning of year $32,948,844 · end of year $27,574,275

  • 4 · Accounts receivable

    beginning of year $53,318,169 · end of year $70,499,419

  • 7 · Other notes and loans receivable

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

  • 8 · Inventories for sale or use

    beginning of year $224,260,892 · end of year $244,490,895

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,828,159 · end of year $6,502,696

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

    $208,399,493

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

    $121,870,796

  • 10c · Land, buildings and equipment, net

    beginning of year $84,459,276 · end of year $86,528,697

  • 11 · Investments: publicly traded securities

    beginning of year $54,947,363 · end of year $51,547,317

  • 12 · Investments: other securities

    beginning of year $8,782,651 · end of year $8,611,981

  • 13 · Investments: program-related

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

  • 14 · Intangible assets

    beginning of year $9,129,927 · end of year $49,946,529

  • 15 · Other assets

    beginning of year $60,028,692 · end of year $66,784,261

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,641,382 · end of year $118,743,895

  • 19 · Deferred revenue

    beginning of year $4,638,985 · end of year $1,881,289

  • 20 · Tax-exempt bond liabilities

    beginning of year $19,390,000 · end of year $18,210,000

  • 24 · Unsecured notes and loans payable

    beginning of year $36,000,000 · end of year $70,650,000

  • 25 · Other liabilities

    beginning of year $39,645,412 · end of year $48,219,426

  • 27 · Net assets without donor restrictions

    beginning of year $362,575,269 · end of year $380,013,433

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • PROCESSING AND DISTRIBUTION OF HUMAN ALLOGRAFT TISSUE FOR TRANSPLANTATION.

    Expenses $368,578,995 · Grants $136,202 · Revenue $455,402,545

  • ORGAN RECOVERY AND TRANSPLANTATION SERVICES.

    Expenses $65,891,949 · Revenue $77,621,427

  • ORGAN AND TISSUE CALL CENTER SERVICES.

    Expenses $4,385,662 · Revenue $180,651

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mr Rony Thomas

    CEO

    Total calculated
    $3,518,280
    From this org
    $2,948,491
    From related orgs
    $0
    Other
    $569,789
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $1,076,114
    Bonus
    $1,746,251
    Other
    $126,126
    Deferred
    $541,548
    Nontaxable benefits
    $28,241
    Filer's total
    $3,518,280

  • 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
    $11,500
    From this org
    $11,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Rev Jonathan Barton

    DIRECTOR

    Total calculated
    $11,500
    From this org
    $11,500
    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 Lenneal Henderson

    DIRECTOR

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

  • Dr Lee Riley

    DIRECTOR

    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 (END 11/11/23)

    Total calculated
    $0
    Hours/week
    2

  • 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

  • Dr William Greer

    DIRECTOR (END 8/30/23)

    Total calculated
    $0
    Hours/week
    2

  • Mr J Philip Jones

    VP/SECRETARY/CFO

    Total calculated
    $596,754
    From this org
    $428,549
    From related orgs
    $0
    Other
    $168,205
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $380,000
    Bonus
    $0
    Other
    $48,549
    Deferred
    $141,549
    Nontaxable benefits
    $26,656
    Filer's total
    $596,754

  • Mr Doug Wilson

    EXECUTIVE VP

    Total calculated
    $974,606
    From this org
    $830,337
    From related orgs
    $0
    Other
    $144,269
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $527,474
    Bonus
    $188,498
    Other
    $114,365
    Deferred
    $116,548
    Nontaxable benefits
    $27,721
    Filer's total
    $974,606

  • Mr Darrell Jessee

    CHIEF COMMERCIAL OFFICER

    Total calculated
    $651,172
    From this org
    $540,051
    From related orgs
    $0
    Other
    $111,121
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $390,790
    Bonus
    $130,919
    Other
    $18,342
    Deferred
    $91,549
    Nontaxable benefits
    $19,572
    Filer's total
    $651,172

  • Mr Michael Poole

    EVP, GLOBAL OPERATIONS

    Total calculated
    $688,179
    From this org
    $553,690
    From related orgs
    $0
    Other
    $134,489
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $348,998
    Bonus
    $118,326
    Other
    $86,366
    Deferred
    $116,549
    Nontaxable benefits
    $17,940
    Filer's total
    $688,179

  • Mr Alan Bortnick

    SVP, ADMINISTRATION

    Total calculated
    $728,663
    From this org
    $567,125
    From related orgs
    $0
    Other
    $161,538
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $367,522
    Bonus
    $106,806
    Other
    $92,797
    Deferred
    $141,548
    Nontaxable benefits
    $19,990
    Filer's total
    $728,663

  • Mr Daniel Osborne

    CHIEF GROWTH OFFICER

    Total calculated
    $749,194
    From this org
    $589,595
    From related orgs
    $0
    Other
    $159,599
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $380,751
    Bonus
    $111,085
    Other
    $97,759
    Deferred
    $141,548
    Nontaxable benefits
    $18,051
    Filer's total
    $749,194

  • Mr Michael Plew

    SVP, QUALITY & RC

    Total calculated
    $623,875
    From this org
    $562,848
    From related orgs
    $0
    Other
    $61,027
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $346,536
    Bonus
    $200,707
    Other
    $15,605
    Deferred
    $41,549
    Nontaxable benefits
    $19,478
    Filer's total
    $623,875

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. NONTAXABLE COMPENSATION. OFFICERS AND KEY EMPLOYEES RECEIVE COMPENSATION UP AT A DETERMINED DOLLAR AMOUNT AND DISTRIBUTED NET OF TAX AT THIS DOLLAR THE CLUB MEMBERSHIPS WERE USED FOR BUSINESS PURPOSES AND TREATED AS FOR THE ACHIEVEMENT OF CERTAIN GOALS RESULTING IN AWARDS THAT ARE GROSSED AMOUNT.
PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN 2023: RONY THOMAS $107,484 DOUGLAS WILSON $77,676 J. PHILIP JONES $0 DANIEL OSBORNE $51,784 ALAN BORTNICK $57,562 MICHAEL POOLE $80,328 DARRELL JESSEE $0 MICHAEL PLEW $0 JINGSONG CHEN $26,562 MICHAEL LAPRADE $17,332 THE FOLLOWING INDIVIDUALS HAD AMOUNTS DEFERRED INTO A NONQUALIFIED RETIREMENT PLAN IN 2023: RONY THOMAS $500,000 DOUGLAS WILSON $75,000 J. PHILIP JONES $100,000 DANIEL OSBORNE $100,000 ALAN BORTNICK $100,000 MICHAEL POOLE $75,000 DARRELL JESSEE $50,000 MICHAEL PLEW $0 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 $50,657,430 · assets $73,488,128

    Directly controlled by LIFENET HEALTH

  • INSTITUTE OF REGENERATIVE MEDICINE

    RESEARCH & DEVELOPMENT · VA · income $4,300,857 · assets $29,032,035

    Directly controlled by LIFENET HEALTH

  • LIFENET HEALTH NORTHWEST

    TISSUE SERVICES · VA · income $43,567,417 · assets $156,773,823

    Directly controlled by LIFENET HEALTH

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202403119349303145

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