GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORTH FLIGHT AERO MED, founded in 2015, is a community nonprofit in the Health Care sector that reported $8.7M in total revenue in fiscal year 2023. Expenses of $10.2M exceeded revenue, resulting in a 18% operating deficit.
NORTH FLIGHT AERO MED WAS ESTABLISHED TO FULFILL A CRITICAL GAP IN ACCESS TO HEALTH CARE IN THE NORTHERN LOWER PENINSULA AND UPPER PENINSULA OF MICHIGAN THROUGH PROVISION OF CRITICAL CARE AIR TRANSPORT SERVICES.
NORTH FLIGHT AERO MED: SEE SCH OBASED IN TRAVERSE CITY, MICHIGAN, A NORTH FLIGHT AERO MED TEAM, OPERATED BY COREWELL HEALTH, CAN BE AIRBORNE WITHIN MINUTES TO TRANSPORT A PATIENT FROM AN EMERGENCY...
NORTH FLIGHT AERO MED: SEE SCH OBASED IN TRAVERSE CITY, MICHIGAN, A NORTH FLIGHT AERO MED TEAM, OPERATED BY COREWELL HEALTH, CAN BE AIRBORNE WITHIN MINUTES TO TRANSPORT A PATIENT FROM AN EMERGENCY SCENE OR TO TRANSFER THEM BETWEEN MEDICAL FACILITIES. THE KING AIR B200 AIRPLANE, OPERATED BY NORTH FLIGHT EMS, CAN TRANSPORT PATIENTS ANYWHERE WITHIN THE CONTINENTAL UNITED STATES.THE PRIMARY RESPONSE TEAMS INCLUDE PILOTS, REGISTERED NURSES AND FLIGHT PARAMEDICS WHO SPECIALIZE IN TRANSPORTING AND TREATING CRITICALLY ILL AND INJURED PATIENTS. ALL TEAM MEMBERS ARE CERTIFIED IN ADVANCED CARDIAC LIFE SUPPORT (ACLS), PEDIATRIC (PALS), NEONATAL (NRP), AND TRAUMA CARE.THE JOINT VENTURE PARTNERS OF NORTH FLIGHT AERO MED HAVE BEEN ACCREDITED FOR CRITICAL CARE AIR TRANSPORTATION BY THE COMMISSION ON THE ACCREDITATION OF MEDICAL TRANSPORT SYSTEM (CAMTS). THIS MEANS THAT THE HIGHEST STANDARDS IN BOTH THE MEDICAL AND AVIATION INDUSTRIES HAVE BEEN MET.NORTH FLIGHT AERO MED ("NFAM") IS A JOINT VENTURE BETWEEN TWO CHARITABLE IRC 501(C)(3) HEALTH CARE ORGANIZATIONS (COREWELL HEALTH GRAND RAPIDS HOSPITALS FKA SPECTRUM HEALTH HOSPITALS AND NORTH FLIGHT, INC.) WHO HAVE COME TOGETHER TO PROVIDE CRITICAL CARE AIR TRANSPORT SERVICES TO PROVIDE INCREASED ACCESS TO CARE IN THE NORTHERN LOWER PENINSULA AND UPPER PENINSULA OF MICHIGAN.THE GEOGRAPHIC AREA IN WHICH NFAM PROVIDES SERVICES IS PREDOMINANTLY RURAL, WITH MANY RESIDENTS WHO ARE LOCATED MORE THAN 30 MINUTES AWAY FROM ANY HOSPITAL. NFAM PROVIDES A SERVICE WHEREBY PERSONS REQUIRING EMERGENCY MEDICAL TREATMENT IN THIS GEOGRAPHIC AREA CAN BE TRANSPORTED TO THE NEAREST APPROPRIATE MEDICAL FACILITY AS QUICKLY AS POSSIBLE AND IS THE ONLY PROVIDER OF CRITICAL CARE AIR TRANSPORT SERVICES IN NORTHERN MICHIGAN. THE SERVICES ARE AVAILABLE TO ALL PERSONS IN NEED OF SUCH SERVICES, REGARDLESS OF THE PATIENT'S ABILITY TO PAY FOR SUCH SERVICE.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $8,688,773 | $8,799,901 | 0.0% |
| Expenses | $10,247,587 | $9,382,382 | +0.1% |
| Net Income | $-1,558,814 | $-582,481 | +1.7% |
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 |
|---|---|---|---|---|---|---|
| ANDREA LESLIE | DIRECTOR PART YEAR/PRESIDENT PY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTINE NEFCY MD | DIRECTOR PART YEAR/PRESIDENT PY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MATT WILLE | DIRECTOR PART YEAR/PRESIDENT PY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICK SCHUITEMA | DIRECTOR PART YEAR/SECY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAUL KONOPACKI | DIRECTOR PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| HEATHER LALLO | DIRECTOR PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID LEONARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ADITYA NERAVETLA MD | DIRECTOR PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHAD TUTTLE | DIRECTOR PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHARI WILSON | DIRECTOR PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $8,688,773 | $10,247,587 | $18,803,485 | $-1,558,814 |
| 2022 | $8,799,901 | $9,382,382 | $21,163,341 | $-582,481 |
| 2021 | $9,587,543 | $9,049,967 | $16,988,926 | $537,576 |
| 2020 | $9,696,522 | $8,659,789 | $13,301,109 | $1,036,733 |
| 2019 | $10,174,944 | $9,385,829 | $12,415,666 | $789,115 |
| 2018 | $7,535,429 | $7,821,720 | $10,629,046 | $-286,291 |
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