NEW ENGLAND LIFE FLIGHT INC (EIN 222582060) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

NORMA MENDILIAN CPA

Phone

7818632213

Tax Period

2023-10-01 to 2024-09-30

NEW ENGLAND LIFE FLIGHT INC, founded in 1985, is a mid-sized nonprofit in the Health Care sector that reported $58.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $55.9M left a modest 4% surplus.

Mission

BOSTON MEDFLIGHT COMMITS TO EXCELLENCE IN PATIENT CARE BY PROVIDING THE HIGHEST QUALITY CRITICAL CARE TRANSPORT SYSTEM.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,830,985

Program Service Revenue $46,624,017

Investment Income $1,596,034

Other Revenue $-73,530

TOTAL REVENUE $57,977,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,113,867

Fundraising Expenses $1,068,919

Program Expenses $49,771,179

Other Expenses $24,761,915

TOTAL EXPENSES $55,875,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,977,506	$51,423,096	+0.1%
Expenses	$55,875,782	$46,155,705	+0.2%
Net Income	$2,101,724	$5,267,391	-0.6%

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

Governance

Voting Members

Independent Members

Employees

217

Volunteers

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

$1,157,141

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIEN BARNEWOLT MD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JAYNE CARVELLI-SHEEHAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JULIA SINCLAIR	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLES H COOK MD	CLERK	1.00	Officer Director	$0	$0	$0
MONICA KLEINMAN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
ALI SALIM MD	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL ROSENBLATT MD	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA MCMULLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALI RAJA MD	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY CANNON	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE PARENT HAUGHEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER DUNN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNDA COLAROSSI	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACEY DECHERT MD FACS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE CAMILLUS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALASDAIR K CONN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN PRESTIPINO	BOARD MEMBER	1.00	Director	$0	$0	$0
ALASTAIR BELL MD	BOARD MEMBER (UNTIL 5/2024)	1.00	Director	$0	$0	$0
DIANA RICHARDSON	BOARD MEMBER (UNTIL 3/2024)	1.00	Director	$0	$0	$0
KIRSTEN BOYD DNP MHA RN	BOARD MEMBER (UNTIL 5/2024)	1.00	Director	$0	$0	$0
JASON COHEN MD	CHIEF MEDICAL OFFICER	40.00	Officer	$384,601	$70,091	$454,692
MAURA HUGHES CPA	CHIEF EXECUTIVE OFFICER	40.00	Officer	$337,219	$70,993	$408,212
NORMA MENDILIAN CPA	CHIEF FINANCIAL OFFICER	40.00	Officer	$247,481	$46,756	$294,237
ANDREW FARKAS	CHIEF OPERATING OFFICER - CLINICAL	40.00	Highest	$234,381	$45,803	$280,184
KRISTIN GALLAGHER	CRITICAL CARE TRANSPORT NURSE	40.00	Highest	$227,347	$45,842	$273,189
THOMAS HUDNER III	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$220,062	$43,393	$263,455
ALEXANDRE FOUILLIT	PILOT	40.00	Highest	$219,978	$42,400	$262,378
MICHAEL FRAKES	CHIEF QUALITY OFF./VP OF CLINICAL CARE	40.00	Highest	$211,784	$45,324	$257,108

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
2024	$57,977,506	$55,875,782	$127,468,143	$2,101,724
2023	$51,423,096	$46,155,705	$132,131,487	$5,267,391
2022	$52,794,964	$41,781,257	$98,645,956	$11,013,707
2021	$44,606,985	$38,264,864	$86,155,664	$6,342,121
2020	$42,848,121	$35,952,377	$85,125,243	$6,895,744
2019	$34,582,604	$34,542,216	$82,879,987	$40,388
2018	$34,806,755	$30,788,363	$89,259,220	$4,018,392

NEW ENGLAND LIFE FLIGHT INC