Bangor, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LifeFlight of Maine LLC, founded in 1998, is a mid-sized nonprofit in the Public Safety sector that reported $33.9M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $30.1M left a modest 11% surplus.
LifeFlight's vision for Maine is a place in which every person, in every community, has access to critical care and medical transport when they need it.Our mission is to transform the critical care transport medicine system into an integrated, high-quality, patient-centered system worthy of the public's trust.LifeFlight provides critical care and specialized medical transport by air and ground ambulances to the entire State of Maine and under mutual aid to hospitals and EMS agencies in New Hampshire, Vermont, and Massachusetts.LifeFlight is licensed by the State of Maine and State of New Hampshire, and it is accredited by the Commission for the Accreditation of Medical Transport Systems. It is a member of the Association of Critical Care Transport, the Vertical Association International, the Association of Air Medical Services, and the Maine Ambulance Association.
LifeFlight of Maine had safely transported over 40,000 patients at the end of fiscal year 2025. LifeFlight continues to focus on its values, which include uncompromising standards for safety, for...
LifeFlight of Maine had safely transported over 40,000 patients at the end of fiscal year 2025. LifeFlight continues to focus on its values, which include uncompromising standards for safety, for clinical excellence, for each mission, and for our team. In Fiscal Year 2025, LifeFlight employed those values in the transport of 2,876 patients. Of these patients, 1,027 were transported by ground ambulance, 256 by airplane, and 1,864 by helicopter. This represents a 12.1% increase in total volume from the prior year. 271 of these patients were transported by a combination of ground and air assets.Continued on Schedule OContinued from Part III, Line 4aLifeFlight transports patients needing the most advanced critical care transport available, and does so using helicopters, an airplane, and ground ambulances. The Organization works tirelessly to keep costs low while delivering the safest and highest-quality care possible. We do this through a lean management structure and modest facilities while simultaneously investing heavily in our teams, our vehicles, education, and safety. To successfully fulfill its mission, LifeFlight of Maine relies on generous philanthropic support for strategic initiatives and capital equipment. These contributions are raised by The LifeFlight Foundation, without which LifeFlight would not be able to do what it does at the level it does it. In Fiscal Year 2025, LifeFlight wrote off $2,662,313 in bad debt (a 45.1% increase from the prior year), and $240,712 in charity care (a 23% decrease increase from the prior year). LifeFlight continues to offer a robust and industry-leading charity care program. The organization prides itself in ethical collection practices and works closely with patients that have out of pocket responsibility to create reasonable payment plans. We pride ourselves in advocating for our patients from the moment we are entrusted with their care. This includes clinically and financially. LifeFlight seeks to be "in network" with all major commercial payers. In the few instances in which LifeFlight is not in network, patients are never "balance billed" for amounts beyond their plan deductibles, copays, and coinsurance. The Organization has a service contract in place with Northern Light Eastern Maine Medical Center (NL-EMMC), an unrelated organization, under which EMMC provides LOM with Medical Direction and nursing services. This agreement remains in effect and allows the sharing of nursing and paramedic staff between EMMC and LOM. The Organization has a service contract in place with Central Maine Medical Center (CMMC), an unrelated organization (owned by a related organization, Central Maine Healthcare Corporation), under which LOM received Medical Direction Services, which were provided by Dr. Peter Tilney, a CMMC employee. An Aviation Operator Designed for MaineLifeFlight of Maine is the sole member of LifeFlight Aviation Services, LLC, a wholly owned subsidiary of LifeFlight of Maine. LifeFlight Aviation Services is certificated by the Federal Aviation Administration as a "Part 135 Air Carrier." Operating aircraft requires completion of a robust process to receive an operating certificate, in which the FAA provides substantial oversight and surveillance to ensure safe and compliant operations. LifeFlight's customized program is purpose built for Maine and includes special procedures for Maine's unique operating environment.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $33,884,183 | $27,130,838 | +0.2% |
| Expenses | $30,124,769 | $23,814,562 | +0.3% |
| Net Income | $3,759,414 | $3,316,276 | +0.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Steve Littleson | Chair | 4.00 |
Director
|
$0 | $0 | $0 |
| Daryl Boucher | Steering Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Zack Brandwein | Steering Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Norman Dinerman MD FACEP | Steering Committee Member | 40.00 |
Director
|
$179,172 | $0 | $179,172 |
| Dan Daigneault | Steering Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Timothy Dentry | Steering Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| David Humm | Steering Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| David Paulosky | Steering Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| John Ronan | Steering Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Glenda Dwyer | Past Steering Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| William Cyr | Chief Operating Officer | 40.00 |
Officer
|
$204,422 | $28,989 | $233,411 |
| Joseph Kellner | Chief Executive Officer | 40.00 |
Officer
|
$256,578 | $16,792 | $273,370 |
| Peter Cartmell | Director of Operations | 40.00 |
Officer
|
$144,161 | $7,620 | $151,781 |
| Charles Hogan | Chief Clinical Officer | 40.00 |
Officer
|
$133,097 | $39,071 | $172,168 |
| Joshua Dickson | Director of Aviation | 40.00 |
Officer
|
$143,322 | $26,382 | $169,704 |
| Kathleen O'Halloran | Executive Director - LFF | 40.00 |
Key Emp
|
$189,016 | $15,822 | $204,838 |
| Thomas Judge | Project Officer | 30.00 |
Highest
|
$140,918 | $18,792 | $159,710 |
| Kirk Donovan | Chief Pilot | 40.00 |
Highest
|
$144,928 | $7,636 | $152,564 |
| Jonathan Smith | Assistant Chief Pilot | 40.00 |
Highest
|
$139,529 | $40,077 | $179,606 |
| Jared Miller | Flight Nurse | 40.00 |
Highest
|
$156,303 | $38,975 | $195,278 |
| Farrah Fidler | Director of Human Resources | 40.00 |
Highest
|
$138,903 | $24,059 | $162,962 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $33,884,183 | $30,124,769 | $52,125,723 | $3,759,414 |
| 2024 | No data | No data | No data | No data |
| 2023 | $28,301,551 | $20,591,367 | $41,693,593 | $7,710,184 |
| 2022 | $23,373,073 | $18,605,600 | $36,347,003 | $4,767,473 |
| 2021 | $18,002,264 | $17,077,248 | $31,032,101 | $925,016 |
| 2020 | $21,739,469 | $15,856,812 | $25,760,870 | $5,882,657 |
| 2019 | $14,629,916 | $15,117,880 | $24,528,958 | $-487,964 |
| 2018 | $14,492,084 | $14,241,560 | $24,689,408 | $250,524 |
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