NEW ENGLAND LIFE FLIGHT INC

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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

2024-10-01 to 2025-09-30

NEW ENGLAND LIFE FLIGHT INC, founded in 1985, is a mid-sized nonprofit in the Health Care sector that reported $62.9M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $60.8M left a modest 3% surplus.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $53,071,636 Revenue: $53,035,677

TRANSPORT SERVICES - THE ORGANIZATION PROVIDES CRITICAL CARE TRANSPORT BY HELICOPTER, AIRPLANE, AND GROUND VEHICLES TO CRITICALLY ILL AND INJURED PATIENTS 24 HOURS A DAY, 7 DAYS A WEEK. IN FISCAL...

TRANSPORT SERVICES - THE ORGANIZATION PROVIDES CRITICAL CARE TRANSPORT BY HELICOPTER, AIRPLANE, AND GROUND VEHICLES TO CRITICALLY ILL AND INJURED PATIENTS 24 HOURS A DAY, 7 DAYS A WEEK. IN FISCAL YEAR 2025, THE ORGANIZATION PROVIDED CRITICAL CARE TRANSPORT TO 6,406 PATIENTS.

Program 2

Expenses: $729,854 Revenue: $78,359

PUBLIC EDUCATION AND RESEARCH - THE ORGANIZATION PROVIDES PUBLIC SAFETY EDUCATION INCLUDING CRITICAL CARE CONFERENCES AND OTHER EDUCATIONAL SESSIONS. IN FISCAL YEAR 2025, THE ORGANIZATION PROVIDED 31...

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,117,828

Program Service Revenue $53,160,621

Investment Income $689,158

Other Revenue $-63,531

TOTAL REVENUE $62,904,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,947,774

Fundraising Expenses $1,022,608

Program Expenses $53,801,490

Other Expenses $26,813,171

TOTAL EXPENSES $60,760,945

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,904,076	$57,977,506	+0.1%
Expenses	$60,760,945	$55,875,782	+0.1%
Net Income	$2,143,131	$2,101,724	+0.0%

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

232

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

$385,541

Total Directors

Key Employees

$754,805

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
THERESE HUDSON-JINKS	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
MAURA HUGHES CPA	CHIEF EXECUTIVE OFFICER	40.00	Officer	$333,087	$52,454	$385,541
NORMA MENDILIAN CPA	CHIEF FINANCIAL OFFICER	40.00	Key Emp	$253,963	$50,991	$304,954
JASON COHEN MD	CHIEF MEDICAL OFFICER	40.00	Key Emp	$398,298	$51,553	$449,851
ALEXANDRE FOUILLIT	FW PILOT	40.00	Highest	$289,326	$39,139	$328,465
KRISTIN GALLAGHER	CRITICAL CARE TRANSPORT NURSE	40.00	Highest	$242,320	$46,732	$289,052
ANDREW FARKAS	CHIEF OPERATING OFFICER-CLINICAL OPS	40.00	Highest	$241,772	$50,487	$292,259
RICHARD KENIN	CHIEF OPERATING OFFICER-TRANSPORT	40.00	Highest	$234,672	$12,433	$247,105
MICHAEL FRAKES	VP CLINICAL CARE/CQO	40.00	Highest	$215,936	$46,732	$262,668

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	$62,904,076	$60,760,945	$126,252,258	$2,143,131
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