Lifenet Health
85% goes to programs $0 to raise $100 Strong reserves Growing revenue
Lifenet Health is a 501(c)(3) organization based in Virginia Bch, Virginia, registered in 2000, with $598,564,898 in FY2024 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
1864 Concert Dr, Virginia Bch, VA, 23453 EIN 52-1273592 Since 2000
Revenue (FY2024)
$598.6M
▲ 11.8% vs prior year
Health median: $840K
Expenses (FY2024)
$580.5M
Net assets
$401.1M
Employees
1,721
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lifenet Health: 85% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lifenet Health: 8 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lifenet Health: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lifenet Health: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o
What they do
Organ recovery and transplantation services.
Contact & location
- Address
- 1864 Concert Dr, Virginia Bch, VA, 23453
- City
- Virginia Bch
- State
- Virginia
- Category
- Health Care
- Subcategory
- Health Support Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $211.0M (FY2013) to $598.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $249.7MNet assets $401.1M
Operating margin
3.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$650.8M
Total liabilities
$249.7M
Net assets
$401.1M
Salaries & benefits
$196.2M
34% of expenses
Board members
12
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $598,564,898▲11.8% | $580,539,536▲11.6% | $401,065,002▲5.5% | $650,791,984▲2.1% | 990 |
| 2023 | $535,478,299▲17.3% | $520,247,214▲17.4% | $380,013,433▲4.8% | $637,718,043▲15.6% | 990 |
| 2022 | $456,633,012▲0.3% | $443,032,293▲1.9% | $362,575,269▲2.2% | $551,891,048▲6.9% | 990 |
| 2021 | $455,372,311▲11.9% | $434,702,789▲15.5% | $354,883,098▲7.8% | $516,500,222▲2.6% | 990 |
| 2020 | $407,112,272▼7.7% | $376,365,281▼10.0% | $329,221,835▲12.1% | $503,270,241▲15.8% | 990 |
| 2019 | $441,142,112▲5.4% | $418,080,406▲8.3% | $293,586,561▲9.7% | $434,579,803▲7.9% | 990 |
| 2018 | $418,564,024▲11.3% | $386,000,217▲14.8% | $267,654,967▲13.1% | $402,809,361▲7.9% | 990 |
| 2017 | $376,123,942▲6.7% | $336,221,824▲16.2% | $236,710,833▲20.2% | $373,178,088▲14.3% | 990 |
| 2016 | $352,554,205▲35.5% | $289,255,742▲20.1% | $196,951,230▲48.0% | $326,479,160▲31.4% | 990 |
| 2015 | $260,188,283▲23.9% | $240,800,853▲15.1% | $133,037,543▲19.1% | $248,544,417▲14.1% | 990 |
| 2014 | $210,059,963▼0.4% | $209,144,869▲2.6% | $111,677,909▼3.2% | $217,916,381▲6.8% | 990 |
| 2013 | $210,955,289 | $203,765,820▲18.7% | $115,356,299▲8.9% | $204,125,905▲10.1% | 990 |
| 2012 | — | $171,637,005▲14.9% | $105,901,307▲10.5% | $185,463,893▲3.0% | 990 |
| 2011 | — | $149,432,664▲6.8% | $95,817,494▲5.3% | $180,025,290▲14.5% | 990 |
| 2010 | — | $139,895,251 | $90,979,261 | $157,167,272 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Mr Rony Thomas — $3,545,517 (0.61% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mr Rony Thomas | Ceo | 40 | $3,545,517 |
| Mr Douglas Wilson | Executive Vp | 40 | $945,386 |
| Mr Alan Bortnick | Chief Administrative Officer | 40 | $689,050 |
| Mr Daniel Osborne | Chief Growth Officer | 40 | $682,578 |
| Mr Michael Poole | Evp, Global Operations | 40 | $664,933 |
| Mr Darrell Jessee | Vp, Ls Commercial Operations | 40 | $640,402 |
| Mr James Bibbs | Chief Human Resources Officer | 40 | $620,078 |
| Mr J Philip Jones | Vp/secretary/cfo | 40 | $546,918 |
| Dr John Herre | Chairman | 3 | $55,000 |
| Dr Lee Riley | Director | 2 | $36,500 |
| Dr Adam Landsman | Director | 2 | $27,500 |
| Dr John Cardea | Vice Chairman | 2 | $27,500 |
| Dr Kevin Bonner | Director | 2 | $27,500 |
| Dr Lenneal Henderson | Director | 2 | $27,500 |
| Dr Mark Reynolds | Director | 2 | $27,500 |
| Mr F Blair Wimbush | Director | 2 | $27,500 |
| Mrs Linda Cross | Director | 2 | $27,500 |
| Mrs Yvonne Wild | Director | 2 | $27,500 |
| Rev Jonathan Barton | Director | 2 | $27,500 |
| Dr Gerald Bowers | Director (ended 11/02/24) | 2 | $26,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Depuy Orthopaedics Inc | Product Representation | $66,957,890 |
| Arthrex Inc | Product Representation | $34,529,222 |
| Avid Medical Inc | Medical Supplies | $10,157,732 |
| American Foundation For Donation & Trans | Organ Recovery | $7,604,886 |
| Center For Organ Recovery & Education | Organ Recovery | $7,203,345 |
Grants received · $45K total
3 grants to Lifenet Health totaling $45K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Old Dominion University Research Foundation | Graduate student and participant support from sponsored programs. | 2019 | $25,000 |
| Sentara Hospitals | Donation/sponsorship | 2014 | $10,100 |
| Sentara Hospitals | Donation/sponsorship | 2014 | $10,100 |
Grants made · $79K in FY2024
3 grants totaling $79K in FY2024. All grants made by Lifenet Health →
| Recipient | Purpose | Amount |
|---|---|---|
| World Pediatrics | Tissues donated for surgical procedures | $36,157 |
| Cornerstone Education and Research Foundation Inc | Tissues donated for surgical procedures | $24,570 |
| Standing Straight | Tissues donated for surgical procedures | $18,508 |
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Compare Lifenet Health
Frequently asked questions
- Is Lifenet Health a legitimate nonprofit?
- Yes. Lifenet Health is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-1273592, based in Virginia Bch, Virginia. Donations are tax-deductible.
- What is Lifenet Health's EIN?
- Lifenet Health's Employer Identification Number (EIN) is 52-1273592.
- How much revenue does Lifenet Health report?
- Lifenet Health reported $598,564,898 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lifenet Health's spending goes to programs?
- Lifenet Health spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lifenet Health have?
- CharityIndex grades Lifenet Health A, based on program efficiency and fundraising cost.
- How much does Lifenet Health's highest-paid employee make?
- The highest reported compensation on Lifenet Health's latest Form 990 is $3,545,517, paid to Mr Rony Thomas (Ceo).
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Data for Lifenet Health (EIN 52-1273592) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.