MEDICAL AIR INC

EIN: 311603672 501(c)(3) Health Care

RALEIGH, NC

Total Revenue
$3,196,983
Total Expenses
$1,472,833
Total Assets
$8,079,361
Net Assets
$4,852,618
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NC
Principal Officer
HUGH HANNA TILSON JR
Phone
9199662461
Tax Period
2023-07-01 to 2024-06-30

MEDICAL AIR INC, founded in 1997, is a community nonprofit in the Health Care sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 221% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 54% operating margin.

Mission

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.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $150,866
Program Service Revenue $798,810
Investment Income $72,882
Other Revenue $2,174,425
TOTAL REVENUE $3,196,983

Expense Breakdown

Grants Paid $143,172
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,423,732
Other Expenses $1,329,661
TOTAL EXPENSES $1,472,833

Year-over-Year Comparison

2023 2022 Change
Revenue $3,196,983 $996,583 +2.2%
Expenses $1,472,833 $1,396,333 +0.1%
Net Income $1,724,150 $-399,750 -5.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
4
Employees
N/A
Volunteers
10

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
3
$1,124,963
Total Directors
8
$2,068,593
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MONTGOMERY BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN P LEWIS MBA BOARD MEMBER 2.00
Director
$0 $0 $0
WESLEY BURKS MD BOARD MEMBER 2.00
Director
$0 $0 $0
NATHAN KNUFFMAN BOARD MEMBER 2.00
Director
$418,894 $129,069 $547,963
JENNIFER HAYGOOD BOARD MEMBER 2.00
Director
$310,256 $85,411 $395,667
HUGH TILSON JR JD MPH PRESIDENT 2.00
Officer Director
$337,451 $113,395 $450,846
CAM ENARSON MD MBA VICE PRESIDENT/TREASURER 2.00
Officer Director
$568,072 $106,045 $674,117
ANDY WILLIS SECRETARY 2.00
Officer Director
$0 $0 $0
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 $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
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MEDICAL AIR INC with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.