PATIENT AIRLIFT SERVICES 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

2010

Legal Domicile

Principal Officer

JAMES PLATZ

Phone

6316947257

Tax Period

2023-01-01 to 2023-12-31

PATIENT AIRLIFT SERVICES INC, founded in 2010, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.7M left a modest 10% surplus.

Mission

PATIENT AIRLIFT SERVICES (THE ORGANIZATION) IS A NETWORK OF OVER 1000 VOLUNTEERS WHICH INCLUDES PILOTS WHO DONATE THEIR AIRCRAFTS AND PILOTING SKILLS TO HELP FAMILIES IN NEED, ENABLING THEM TO RECEIVE VITAL TREATMENT THAT MIGHT OTHERWISE BE INACCESSIBLE BECAUSE OF FINANCIAL, MEDICAL OR GEOGRAPHIC LIMITATIONS. THERE IS NEVER A CHARGE FOR A PALS MISSION.

Program Service Accomplishments

Program 1

Expenses: $661,796

ARRANGE CHARITABLE FLIGHTS FOR CHILDREN AND ADULTS INCLUDING MILITARY PERSONNEL AND THEIR FAMILIES FOR ACCESS TO HEALTH CARE AND FOR OTHER HUMANITARIAN PURPOSES.PATIENT AIRLIFT SERVICES' MISSION IS CARRIED OUT THROUGH DONATED FLIGHT SERVICES FROM PRIVATE PILOTS AND COMMERCIAL AIRLINES. DURING 2023, THE ORGANIZATION RECEIVED DONATED PILOT SERVICES VALUED AT $2,680,493 AND FLIGHT TICKETS VALUED AT $216,400. THE REVENUE AND EXPENSES FROM THESE SERVICES ARE NOT CAPTURED WITHIN THE FEDERAL FORM 990 IN ACCORDANCE WITH THE IRS INSTRUCTIONS. AS A RESULT OF THESE DONATED SERVICES, THE PERCENTAGE OF EXPENSES CLASSIFIED AS PROGRAM SERVICES, GENERAL AND ADMINISTRATIVE, AND FUNDRAISING EXPENSES IN THE AUDITED FINANCIAL STATEMENTS ARE 83%, 4%, AND 13%, RESPECTIVELY.

Program 2

Expenses: $332,971

PUBLIC AWARENESS PROGRAMS TO PROVIDE INFORMATION TO THE PUBLIC ABOUT THE NEED FOR AND THE AVAILABILITY OF FREE AIR TRANSPORTATION SERVICES FOR CHILDREN AND ADULTS, INCLUDING MILITARY PERSONNEL AND...

PUBLIC AWARENESS PROGRAMS TO PROVIDE INFORMATION TO THE PUBLIC ABOUT THE NEED FOR AND THE AVAILABILITY OF FREE AIR TRANSPORTATION SERVICES FOR CHILDREN AND ADULTS, INCLUDING MILITARY PERSONNEL AND THEIR FAMILIES.

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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 $1,851,493

Program Service Revenue $0

Investment Income $70,238

Other Revenue $-27,728

TOTAL REVENUE $1,894,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,076,429

Fundraising Expenses $505,952

Program Expenses $994,767

Other Expenses $601,208

TOTAL EXPENSES $1,713,468

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,894,003	$2,045,175	-0.1%
Expenses	$1,713,468	$1,480,421	+0.2%
Net Income	$180,535	$564,754	-0.7%

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

Volunteers

1000

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

$203,049

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM BROUN	EXEC AT LARGE	2.00	Director	$0	$0	$0
ALAN SHEINESS	EXEC AT LARGE	2.00	Director	$0	$0	$0
BRIAN LISOSKI	DIRECTOR	1.00	Director	$0	$0	$0
JAY DUNCAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF RADTKE	SECRETARY	2.00	Officer Director	$0	$0	$0
JENNIFER BARNARD	DIRECTOR	1.00	Director	$0	$0	$0
JIM CHRISTIE	TREASURER	10.00	Officer Director	$0	$0	$0
JIM PLATZ	CHAIRMAN OF THE BOARD	10.00	Officer Director	$0	$0	$0
JOE HOWLEY	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN ROCHELLE	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
MATT DESCH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GOONAN	DIRECTOR	1.00	Director	$0	$0	$0
RHODA KUPFERBERG JOSS	DIRECTOR	2.00	Director	$0	$0	$0
RONEN ELEFANT	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT ASHTON	EXEC AT LARGE	4.00	Director	$0	$0	$0
SEAN PETERS	DIRECTOR	1.00	Director	$0	$0	$0
STUART WALDRUM	DIRECTOR	2.00	Director	$0	$0	$0
UBON MENDI	DIRECTOR	1.00	Director	$0	$0	$0
DONNA COLLINS	EXECUTIVE DIRECTOR	40.00	Officer	$190,951	$12,098	$203,049
BROOK LEIGHTON	DIRECTOR OF MKTG AND DEVELOPMENT	40.00	Highest	$145,165	$2,507	$147,672

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,894,003	$1,713,468	$2,393,342	$180,535
2022	$2,045,175	$1,480,421	$2,292,541	$564,754
2021	$1,549,842	$1,276,070	$1,536,546	$273,772
2020	$1,296,489	$1,486,425	$1,448,997	$-189,936
2019	$1,225,096	$1,728,482	$1,588,157	$-503,386
2018	$1,141,269	$1,396,294	$1,975,972	$-255,025