RALEIGH, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MEDICAL AIR INC, founded in 1997, is a small nonprofit in the Health Care sector that reported $596K in total revenue in fiscal year 2024. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 85% operating deficit.
TO PROVIDE A RAPID, SAFE, AND EFFICIENT TRANSPORTATION SYSTEM TO DEPLOY HEALTH SCIENCES FACULTY AND HEALTH CARE LEADERS THROUGHOUT NORTH CAROLINA TO PROVIDE MEDICAL CARE TO UNDERSERVED COMMUNITIES, EDUCATIONAL PROGRAMS TO REMOTE CITIES, AND GENERAL SUPPORT FOR THE MISSION OF THE NORTH CAROLINA AREA HEALTH EDUCATION CENTERS (AHEC) PROGRAM.
MEDICAL AIR LEASED THE PLANES TO UNC AIR OPERATIONS THROUGHOUT FY24. THE PASSENGERS PROVIDED EDUCATIONAL PROGRAMS AND OTHER SERVICES DESIGNED TO IMPROVE ACCESS TO QUALITY HEALTH CARE FOR ALL NORTH...
MEDICAL AIR LEASED THE PLANES TO UNC AIR OPERATIONS THROUGHOUT FY24. THE PASSENGERS PROVIDED EDUCATIONAL PROGRAMS AND OTHER SERVICES DESIGNED TO IMPROVE ACCESS TO QUALITY HEALTH CARE FOR ALL NORTH CAROLINIANS, AS WELL AS SUPPORTING THE STATE AND UNIVERSITY SYSTEM. MEDICAL AIR ALSO CHARGES UNCCH A SURCHARGE, WHICH IS USED TOWARDS PLANE UPKEEP AND SAVINGS TO PURCHASE NEW PLANES. Q1 WAS MARKED BY GROUNDED FLIGHT OPERATIONS FOR THE THE ORGANIZATION. A REVIEW OF THE BUSINESS AVIATION ACTIVITIES ENABLED THE ORGANIZATION TO MOVE FORWARD WITH NORMAL OPERATIONS IN Q2.
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 | $596,207 | $3,196,983 | -0.8% |
| Expenses | $1,101,736 | $1,472,833 | -0.3% |
| Net Income | $-505,529 | $1,724,150 | -1.3% |
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 |
|---|---|---|---|---|---|---|
| WESLEY BURKS MD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER HAYGOOD | BOARD MEMBER | 2.00 |
Director
|
$0 | $93,890 | $440,135 |
| NATHAN KNUFFMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $135,688 | $568,710 |
| JOHN P LEWIS MBA | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN MONTGOMERY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID S ROUTH | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| HUGH TILSON JR JD MPH | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CAM ENARSON MD MBA | VICE PRESIDENT/TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDY WILLIS | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $596,207 | $1,101,736 | $7,137,765 | $-505,529 |
| 2024 | $3,196,983 | $1,472,833 | $8,079,361 | $1,724,150 |
| 2023 | $996,583 | $1,396,333 | $6,748,312 | $-399,750 |
| 2022 | $881,928 | $1,235,131 | $7,533,436 | $-353,203 |
| 2021 | $911,729 | $934,031 | $8,249,555 | $-22,302 |
| 2020 | $1,685,232 | $1,236,846 | $3,916,053 | $448,386 |
| 2019 | $723,072 | $1,291,117 | $3,465,885 | $-568,045 |
| 2018 | $896,558 | $1,302,266 | $4,090,904 | $-405,708 |
Compare MEDICAL AIR INC with other nonprofits in North Carolina and across the country.