LifeFlight of Maine LLC

EIN: 010518516 501(c)(3) Public Safety

Bangor, ME

Total Revenue
$33,884,183
Total Expenses
$30,124,769
Total Assets
$52,125,723
Net Assets
$37,675,897
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
ME
Principal Officer
Joseph Kellner
Phone
2079735115
Tax Period
2024-07-01 to 2025-06-30

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.

Mission

LifeFlight's commitment to Maine is that every person, in every community, has access to critical care and medical transport when needed. Since its inception, LifeFlight has cared for nearly 40,000 patients in a safe and high-quality manner.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,157,547
Program Service Revenue $29,705,024
Investment Income $0
Other Revenue $21,612
TOTAL REVENUE $33,884,183

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,224,128
Fundraising Expenses $1,092,389
Program Expenses $25,797,804
Other Expenses $20,900,641
TOTAL EXPENSES $30,124,769

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
9
Independent Members
8
Employees
132
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,000,434
Total Directors
10
$179,172
Key Employees
1
$204,838
Highest Compensated
5
reported
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
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

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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