NORTH 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

1986

Legal Domicile

Principal Officer

KIRSTEN KORTH-WHITE

Phone

2319357777

Tax Period

2024-07-01 to 2024-08-31

Mission

NORTH FLIGHT, INC. IS COMMITTED TO THE DEVELOPMENT AND MAINTENANCE OF A NETWORK OF QUALITY, COST-EFFECTIVE PATIENT TRANSPORT SERVICES THAT SUPPORT THE VISION OF MUNSON HEALTHCARE.

Program Service Accomplishments

Program 1

PARTNER IN JOINT VENTURE THAT PROVIDES CRITICAL CARE AIR TRANSPORT SERVICES TO PROVIDE INCREASED ACCESS TO CARE IN THE NORTHERN LOWER PENINSULA AND UPPER PENINSULA OF MICHIGAN.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$-410,124	-1.0%
Expenses	N/A	N/A	N/A
Net Income	N/A	$-410,124	N/A

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

N/A

Employees

N/A

Volunteers

N/A

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

$197,831

Total Directors

$155,668

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL KONOPACKI	CFO	2.00	Officer	$0	$3,659	$90,767
KIRSTEN KORTH-WHITE	PRESIDENT	2.00	Officer Director	$0	$6,563	$59,931
JOANNE SHOREDER	DIRECTOR	1.00	Director	$0	$4,007	$48,604
KELLY TOMASZEWSKI	SECRETARY/TR	2.00	Officer Director	$0	$4,621	$47,133

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$-634,013	$2,762	$9,374,678	$-636,775
2022	$441,584	$108,546	$10,129,127	$333,038
2021	$4,398,742	$3,529,590	$9,892,304	$869,152
2020	$8,142,726	$8,349,784	$9,264,827	$-207,058
2019	$8,204,224	$8,241,322	$8,379,659	$-37,098
2018	$8,918,640	$8,641,159	$8,097,021	$277,481