Lifebanc

What it reported doing in 2024

Since 1986, lifebanc has been the northeast Ohio nonprofit organization working to save and heal lives through organ and tissue donation. Lifebanc began as one of the original organ procurement organizations in the united states and is a leader in the field and a highly respected organization regionally and nationally. Lifebanc serves northeast Ohio's population of over four million people and works with 80 hospitals in a 20-county area. Volunteers and staff work to educate the public about organ and tissue donation, encourage individuals to designate their donation decision and offer grief support services to families touched by donation. Lifebanc is governed by a volunteer board of directors; comprised of community members, clinicians, recipients and donor family members, who drive(continued on schedule o)organizational strategy with the vision of a future where organ, eye and tissue donation is embraced as an honor and a personal responsibility. In 2024, 184 northeast ohioans gave the gift of life through organ donation and additiionally 924 gave the gifts of tissue and 594 gave the gift of eye donation. This generosity resulted in 548 organs donated that saved the lives of 561 people. The amount of people saved by organ donors from northeast Ohio each year has risen over 350% since 2014. Organs from donors in northeast Ohio were transplanted to recipients in nearly three dozen states and the district of columbia. Many life-saving and healing procedures utilize donated tissue. The gifts of tissue donors will save the lives of burn victims, repair damaged hearts, give back mobility and restore sight to tens of thousands of people. Lifebanc provides extensive care for the families of donors that begins at their first moment of need and extends for up to two years past the gifts of the donation. Included is free grief support in the form of individual counseling with a licensed therapist, group counseling, and host of other activities. In 2024, lifebanc communicated with 2,500 families, provided extensive hours of individual counseling, and offered a variety of 10-week support groups and multiple one-time seminars. Lifebanc also helps coordinate anonymous communication between donor families and recipients and facilitated thousands of correspondences/updates. Despite the increase in organ, eye and tissue donors there remains a critical organ shortage in the united states. There are currently over 110,000 people waiting for a life-saving organ transplant across the country. There more than 1,300 people waiting in northeast Ohio alone. In 2024, over 200 people in northeast Ohio either died waiting for an organ or became too sick to transplant. The best chance those still waiting have at receiving the life-saving transplant they need is by increasing the number of people who register their wishes to be an organ, eye and tissue donor. In 2024, over 60,000 people in northeast Ohio registered for the first time on the Ohio donor registry. Best chance those still waiting have at receiving the life-saving transplant they need is by increasing the number of people who register their wishes to be an organ, eye and tissue donor.

Financial Efficiency

• Mission deployment rate: 78.1%; rating input score 78
• Program expense ratio: 79%; rating input score 79
• Fundraising efficiency: $2.59 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0.4%; rating input score 29; 29th percentile among comparable filings
• Total-asset coverage ratio: 1.42; rating input score 49; 49th percentile among comparable filings
• Liabilities to assets ratio: 0.15; rating input score 65; 65th percentile among comparable filings
• Officer compensation ratio: 7.3%; rating input score 34; 34th percentile among comparable filings

Growth

• Program expense growth: 8.7% per year; rating input score 100; 65th percentile among comparable filings
• Revenue growth: 7.2% per year; rating input score 100; 60th percentile among comparable filings
• Asset growth: 9.2% per year; rating input score 100; 61st percentile among comparable filings