2015-11-16T09:52:40-06:00 2014-12-31 KPMG LLP 1676 International Drive McLean VA 22102 990 2014-01-01 521273592 LIFENET HEALTH % GORDON BERKSTRESSER LIFE 7574644761 1864 Concert Drive Virginia Beach VA 23453 Gordon Berkstresser CFO 7574644761 2015-11-12 true Raymond LY P01205643 7032868000 2015-11-12 2014 2016-03-07 17:11:31Z Rony Thomas 1864 Concert Drive Virginia Beach VA 23453 210059963 false X www.lifenethealth.org X 1982 VA AS A LEADER IN ORGAN AND TISSUE TRANSPLANTATION, RESEARCH AND EDUCATION, SAVING LIVES AND RESTORING HEALTH IS OUR MISSION. 13 12 862 85 0 0 57000 41800 209363801 207549671 69154 91810 1465334 2376682 210955289 210059963 151710 176301 0 0 61180409 67349661 0 0 0 142433701 141618907 203765820 209144869 7189469 915094 204125905 217916381 88769606 106238472 115356299 111677909 AS A LEADER IN ORGAN AND TISSUE TRANSPLANTATION, RESEARCH AND EDUCATION, SAVING LIVES AND RESTORING HEALTH IS OUR MISSION. false false 166094204 176301 192773016 PROCESSING AND DISTRIBUTION OF HUMAN ALLOGRAFT TISSUE FOR TRANSPLANTATION. 14344631 16748657 ORGAN RECOVERY AND TRANSPLANTATION SERVICES. 2673994 404680 ORGAN AND TISSUE CALL CENTER SERVICES. 183112829 true true false false false false false false false false true false false false true true false true false true true false false false false false false true false true true false false false false false false false false false false false false false false true true true true false false true 244 0 true 862 true false true CA false false false false false false false false X 13 12 false false false false false false false true true false false true true true true true true true true false X GORDON BERKSTRESSER 7574644761 1864 Concert Drive Va Beach VA 23453 X Rony Thomas CEO 40.0 5.0 X X 907934 0 150365 Ann Lange RN Director 2.0 1.0 X 10000 0 0 Judge Norman Olitsky DIRECTOR 2.0 0.0 X 10000 0 0 Tim Pruett MD FACS DIRECTOR 2.0 0.0 X 10328 0 0 James H Oury MD FACC FACS DIRECTOR 2.0 0.0 X 9700 0 0 Lee Riley III MD DIRECTOR 2.0 0.0 X 10000 0 0 Gerald M Bowers VICE CHAIRMAN 2.0 1.0 X 8277 0 0 Lenneal J Henderson Jr Director 2.0 0.0 X 9000 0 0 John M Herre CHAIRMAN 2.0 1.0 X 19000 0 0 Willam Jiranek DIRECTOR 2.0 0.0 X 10000 0 0 Dr John Cardea DIRECTOR 2.0 0.0 X 10092 0 0 Dr Adam Landsman DIRECTOR 2.0 0.0 X 10100 0 0 Linda Cross DIRECTOR 2.0 0.0 X 10000 0 0 Gordon Berkstresser CFO 40.0 5.0 X 563781 0 69804 Doug Wilson VP Executive 40.0 0.0 X 550726 0 73669 Arthur Brame VP GM SWAI 40.0 0.0 X 336615 0 54811 Timothy Jankiewicz VP OPO 40.0 0.0 X 331305 0 58966 Michael Plew VP Quality Reg Comp 40.0 0.0 X 301794 0 59334 Alan Smith VP R&D and Cellular Therapies 40.0 0.0 X 299822 0 63619 Michael Poole VP Production 40.0 0.0 X 286454 0 60269 3704928 0 590837 145 false true false Arthrex Inc 1370 Creekside Blvd Naples FL 34108 Product Represent 13309734 DePuy Spine 325 Paramount Drive Raynham MA 02767 Product Represent 11300447 Center for Organ Recovery Educati 204 Sigma Drive Pittsburgh PA 15238 Tissue Recovery 6190786 AVID Medical Inc 9000 Westmont Drive Toano VA 23168 Medical Supplies 5577662 Soluble Systems 11830 Canon Blvd Suite A Newport News VA 23606 Product Represent 4675147 174 41800 41800 Tissue Processing 900099 190801014 190801014 Organ Procurement 900099 16748657 16748657 207549671 91810 91810 0 0 0 0 0 0 0 0 0 0 Donor Center 900099 404680 404680 Licensing 900099 1972002 1972002 2376682 210059963 209926353 0 91810 X 176301 176301 0 0 0 2438777 2438777 0 51038873 43088759 7950114 3909968 3267923 642045 6461365 5218094 1243271 3500678 2989160 511518 0 8378129 8378129 240107 240107 0 0 0 44787365 43157117 1630248 0 122724 122724 315719 195719 120000 2020720 2020720 0 3907503 1923045 1984458 3534868 3220526 314342 0 998031 613671 384360 0 1459310 1459310 0 5963772 3030637 2933135 1551307 26309 1524998 Tissue Costs 48436205 48436205 FREIGHT 7868207 7868207 MISCELLANEOUS EXPENSES 12034940 11400303 634637 209144869 183112829 26032040 0 12940708 10386828 11347120 18361453 0 0 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1277247 2290946 56554436 0 CAPITAL LEASE PAYABLE 1479792 CHANGE IN FV ON SWAP 2018517 3498309 X FIN 48 Footnote Schedule D, Part X, Line 2 THE COMPANY APPLIES THE PROVISIONS OF FASB ASC 740, INCOME TAXES, IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740 PROVIDES GUIDANCE ON WHEN TAX POSITIONS ARE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND HOW THE VALUES OF THESE POSITIONS ARE DETERMINED. THERE IS CURRENTLY NO IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS AS A RESULT OF THE APPLICATION OF ASC 740. Europe (Including Iceland and Greenland) 2 2 Program Services Sales Representation 151633 North America 1 1 Program Services Sales Representation 159019 3 3 3 3 310652 310652 false false false false false false true University Of South Carolina 30 Bee Street Charleston SC 29425 576000722 501(c)(3) 18000 Sponsorship Old Dominion Univeristy 4417 Monarch Way Suite 101 Norfolk VA 23529 546052014 501(c)(3) 7000 Endowment Scholarship Carolina Donor Service 3621 Lyckan Parkway 2805 Fifth Street Suite 100 Durham NC 27707 581627444 501(c)(3) 16823 Recovery Research Louisiana Organ Procurement Agency 3545 N I-10 Service Road Suite 308 Metairie LA 70002 721110932 501(c)(3) 60000 Recovery Research Blood and Tissue Central Texas 4300 North Lamar Blvd Austin TX 78756 741366292 501(c)(3) 14000 Recovery Research Gerald Bowers Study Club 407 Malcolm Drive Suite 102 Westminster MD 21157 521820146 501(C)(3) 7500 Sponsorship Nevada Donor Network 2061 E Sahara Ave Biology Dept Las Vegas NV 89104 880253675 501(C)(3) 25000 Recovery Research Children's Mercy Hospital 2401 Gillham Road Suite 221-U Kansas City MO 64108 431564302 501(c)(3) 6632 Cost Basis Tissue Donation Tissue Donation Cardiac Kids Foundation of Florida 625 6th Avenue South Suite 475 4th Floor St Petersburg FL 33701 244091781 501(c)(3) 51324 Cost Basis Tissue Donation Tissue Donation World Pediatric Project 7201 Glen Forest Drive Richmond VA 23226 541953305 501(c)(3) 11849 Cost Basis Tissue Donation Tissue Donation 10 SCHEDULE I, PART I, LINE 1 GRANT MONITORING GRANTS ARE SUBMITTED BY THE REQUESTOR THROUGH EXECUTIVE APPROVAL CHANNELS TO ACCOUNTING FOR EVALUATION. DOCUMENTS ARE PREPARED THAT REFLECT THE PURPOSE, THE RELATIONSHIP TO THE MISSION AND THE FINANCIAL RESULTS OF THE GRANT. THE ASSEMBLED GRANT REQUEST IS ROUTED THROUGH EXECUTIVE MANAGEMENT FOR APPROVAL TO THE CHIEF FINANCIAL OFFICER AND THE CHIEF EXECUTIVE OFFICER. NOTIFICATION OF THE GRANTS APPROVAL STATUS IS SENT TO THE REQUESTOR. IF THE GRANT IS APPROVED, THE REQUESTOR NOTIFIES ACCOUNTING FOR PAYMENT. X X true true X X X X X false true false false false false false true false Rony Thomas CEO 612308 0 240000 0 55626 0 132322 0 18043 0 1058299 0 50000 0 Gordon Berkstresser CFO 336150 0 63448 0 164183 0 57322 0 12482 0 633585 0 40000 0 Doug Wilson VP Executive 368541 0 69561 0 112624 0 57322 0 16347 0 624395 0 20000 0 Arthur Brame VP GM SWAI 260545 0 39483 0 36587 0 42322 0 12489 0 391426 0 15000 0 Timothy Jankiewicz VP OPO 257305 0 37166 0 36834 0 46934 0 12032 0 390271 0 15000 0 Michael Plew VP Quality Reg Comp 232185 0 44000 0 25609 0 43317 0 16017 0 361128 0 15000 0 Alan Smith VP R&D and Cellular Therapies 263317 0 20834 0 15671 0 47322 0 16297 0 363441 0 0 0 Michael Poole VP Production 205471 0 38938 0 42045 0 44470 0 15799 0 346723 0 15000 0 Schedule J, Part I, Line 1 4 senior executives receive memberships to the Virginia Beach Town Center club. 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. SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN 2014: RONY THOMAS $100,000 GORDON BERKSTRESSER $20,000 DOUG WILSON $20,000 TIMOTHY JANKIEWICZ $15,000 MICHAEL POOLE $20,000 MICHAEL PLEW $15,000 ARTHUR BRAME $10,000 ALAN SMITH $15,000 SCHEDULE J, PART I, LINE 7 OFFICERS AND KEY EMPLOYEES RECEIVE INCENTIVE COMPENSATION FOR THE ACHIEVEMENT OF CERTAIN GOALS RESULTING IN AWARDS. A City of Virginia Beach Development Authority 540947964 927743KMS 2010-12-21 30000000 NEW CONS & REFUNDING OF 2004 BONDS false false false A 0 0 30000000 0 0 0 431500 0 0 11658500 17910000 0 2010 true false true true A false false true false false 0.00000 0.00000 0.00000 false false false false A false true false false true true Suntrust Bank 25. false false false 0 false false A false Schedule K, Part III, Line 3A The management contracts are for services that fall under the safe harbor of Revenue Procedure 97-13. Schedule K, Part IV, Line 2c The rebate computation will be performed in 2015. FORM 990, PART VI, LINE 8 BOARD MEETINGS The BOD members met on the following dates: April 2, 2014, July 23, 2014, November 7-9, 2014. The minutes of the meetings are documented and stored electronically. FORM 990, PART VI, LINE 10A LOCAL CHAPTERS & AFFILIATES LifeNet Health has no local chapters, branches, or affiliates. FORM 990, PART VI, LINE 11B 990 REVIEW The company contracts with an independent accounting firm to complete the 990. The 990 is reviewed by the CFO and CEO prior to filing with the IRS. The 990 is approved by the Chairman of the Board of Directors as proxy for the full Board per resolution of the Board. Distribution of the 990 is transmitted to the full Board before filing. FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY The company has a conflict of interest policy (GA-120-011) designed to protect the company's interest when it is entering or contemplating entry into a transaction that might benefit the interest of its members. The policy covers all interested persons who are defined as any principal officer, Board member, employee and their immediate family, and third parties that are involved in the decision making process and has a direct or indirect financial interest. Upon commencement and annually thereafter, all employees must complete a "Conflict of Interest Questionnaire" and update whenever employee affiliations change. After disclosure of the financial interest, the compliance officer will investigate and determine the final actions necessary to address the conflict. FORM 990, PART VI, LINE 13 WHISTLEBLOWER POLICY The company has a Whistleblower policy (GA-120-012) designed to promote and enable employees to raise issues internally before seeking resolution outside of the organization. FORM 990, PART VI, LINE 15 COMPENSATION Compensation ranges for officers, key employees and management are reviewed by an independent compensation consultant periodically. The consultant provides comparative salary for the industry for all positions within the company. The independent board reviews the salary information and/or at risk compensation provided by the consultant and sets compensation for the CEO and documents its decisions contemporaneously in the form of Board minutes. FORM 990, PART VI, LINE 19 PUBLIC DISCLOSURE OF FINANCIAL STATEMENTS, ETC. The Company does not make its audited financial statements, conflict of interest policy or governing documents available to the public. PART XI, LINE 9 Change in FV of Interest Rate Swap ................ ($4,593,484) FORM 990 PART IX LINE 11G DESCRIPTION:Commissions TOTAL FEES:36185665 FORM 990 PART IX LINE 11G DESCRIPTION:Organ Recovery TOTAL FEES:4224335 FORM 990 PART IX LINE 11G DESCRIPTION:Other Professional FEes TOTAL FEES:4377365 Skin and Wound Allograft Institute 1864 Concert Drive Virginia Beach VA 23453 262953267 Tissue Graft VA 15338895 38612208 LifeNet Heal Institute of Regenerative Medicine 1864 Concert Drive Virginia Beach VA 23454 453188511 Research & DE VA 48709 11454572 LifeNet Heal LifeNet Health Northwest 501 SW 39th Street Renton WA 98057 800798511 Tissue SVCS VA 21243364 38394841 LifeNet Heal Florida Tissue Services 1864 Concert Drive Virginia Beach VA 23453 593605624 Tissue Servic FL 501(C)(3) PF LifeNet Heal true LifeNet Foundation 1864 Concert Drive Virginia Beach VA 23453 542015370 Donor Educati VA 501(C)(3) 9 LifeNet Heal true FTS Foundation 1864 Concert Drive Virginia Beach VA 23453 205859793 Fundraising FL 501(C)(3) 11A LifeNet Heal true LifeNet Health of Canada 1864 Concert Drive Virginia Beach VA 23453 999999999 Tissue Servic CA LifeNet Heal true false false true false false false false true false false false false false false false false true false false Florida Tissue Services h 1839990 Book Value LifeNet Health Canada q 974758 Book Value LifeNet Health Northwest h 21263768 Book Value