ASSOCIATION OF AIR MEDICAL SERVICES (EIN 421202847) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

JANA WILLIAMS

Phone

7038368732

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION OF AIR MEDICAL SERVICES, founded in 1983, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2019. Expenses of $2.8M left a modest 4% surplus.

Mission

ADVANCING THE ART AND SCIENCE OF TRANSPORT MEDICINE THROUGH ADVOCACY, EDUCATION, AND RESEARCH ENSURING HIGH-QUALITY, LIFE-SAVING CARE TO PATIENTS AND COMMUNITIES WORLDWIDE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,768,416

Investment Income $4

Other Revenue $57,228

TOTAL REVENUE $2,825,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $765,999

Fundraising Expenses $0

Other Expenses $1,942,296

TOTAL EXPENSES $2,708,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,825,648	$3,284,777	-0.1%
Expenses	$2,708,295	$3,206,147	-0.2%
Net Income	$117,353	$78,630	+0.5%

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

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

$133,240

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENE BORGHESE	CHAIR	5.00	Officer Director	$0	$0	$0
KOLBY KOLBET	VICE CHAIR	17.00	Officer Director	$0	$0	$0
JAMES HOUSER	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
BEN CLAYTON	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTOPHER HALL	DIRECTOR	5.00	Director	$0	$0	$0
ROB HAMILTON	DIRECTOR	5.00	Director	$0	$0	$0
ED MARASCO	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL PERKINS	DIRECTOR	5.00	Director	$0	$0	$0
STEPHANIE QUEEN	DIRECTOR	5.00	Director	$0	$0	$0
JEFF RICHEY	DIRECTOR	5.00	Director	$0	$0	$0
CINDY SEIDL	DIRECTOR	5.00	Director	$0	$0	$0
JANA WILLIAMS	PRESIDENT AND CEO	40.00	Officer	$131,250	$1,990	$133,240
ERICA KLEIN	VICE PRESIDENT OF STRATEGY & PGRMS	40.00	Highest	$105,664	$0	$105,664
BLAIR BEGGAN	VICE PRESIDENT OF COMMUNICATIONS	40.00	Highest	$105,664	$242	$105,906

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
2023	$2,825,648	$2,708,295	$523,291	$117,353
2022	$3,284,777	$3,206,147	$1,810,697	$78,630
2021	$3,700,717	$3,900,622	$683,838	$-199,905
2020	$1,544,890	$1,937,841	$274,603	$-392,951
2019	$2,873,895	$2,754,106	$750,669	$119,789

ASSOCIATION OF AIR MEDICAL SERVICES