Augusta, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LifeFlight Foundation, founded in 2002, is a community nonprofit in the Health Care sector that reported $4.5M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $855K, a strong 19% operating margin.
The LifeFlight Foundation (LFF) is an independent nonprofit organization governed by a Board comprised of business, community, and medical leaders from across Maine. The Foundation secures resources for Maine's major air medical and critical care transport needs including: infrastructure such as hospital helipads, airport runways and fueling systems, aviation weather systems, instrument flight systems, communication systems; the capital acquisition of specialized medical equipment and technology; the capital acquisition of medical aircraft and ground vehicles; and the provision of continuing medical education for hospital and EMS personnel throughout Maine.Additionally, the Foundation is responsible for raising statewide awareness about LifeFlight of Maine and the Foundation, which it accomplishes through a comprehensive media and communication strategy and strategic partnerships.
In FY2025 (July 2024-June 2025), the Foundation raised more than $3.3 million dollars to support the capital needs of LifeFlight of Maine. In that time period, the Foundation transferred $2.2 million...
In FY2025 (July 2024-June 2025), the Foundation raised more than $3.3 million dollars to support the capital needs of LifeFlight of Maine. In that time period, the Foundation transferred $2.2 million to LifeFlight to meet those needs. Purchases included: a fixed wing avionics package, support for the Critical Care Academy, new and upgraded medical equipment, crew uniforms and equipment and salary support for the Access and Elevate (mental health & wellness) Coordinator positions.
The LifeFlight Foundation is responsible for the planning and execution of all marketing and communication efforts for both the Foundation and LifeFlight of Maine. This includes a multi-faceted...
The LifeFlight Foundation is responsible for the planning and execution of all marketing and communication efforts for both the Foundation and LifeFlight of Maine. This includes a multi-faceted outreach strategy to a range of constituents, including donors, partners, and patients from across Maine. The Foundation produces several print pieces, negotiates advertising and partnership arrangements, oversees all social media, and is in the process of completing a comprehensive crisis communications plan.
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 | $4,513,871 | $3,353,427 | +0.3% |
| Expenses | $3,658,751 | $2,432,258 | +0.5% |
| Net Income | $855,120 | $921,169 | -0.1% |
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 |
|---|---|---|---|---|---|---|
| Zachary Brandwein | Chair | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| Quentin Walz | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Cynthia J Williams | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| David G Humm | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| David Berez | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Daniel R Daigneault | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Brian Elowe | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Chris Fife | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Karen Ford | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Dayana Krawchuk PhD | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Rachel Malcolm | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Robert Montgomery-Rice | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Lori Beth Schwartz | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Linda Varrell | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Kathleen O'Halloran | Executive Director | 60.00 |
Officer
|
$189,016 | $15,822 | $204,838 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $4,513,871 | $3,658,751 | $8,281,963 | $855,120 |
| 2024 | No data | No data | No data | No data |
| 2023 | $3,529,967 | $7,518,297 | $6,819,568 | $-3,988,330 |
| 2022 | $7,601,878 | $3,001,023 | $10,633,426 | $4,600,855 |
| 2021 | $3,068,584 | $2,340,539 | $6,291,425 | $728,045 |
| 2020 | $4,777,579 | $7,966,137 | $10,238,325 | $-3,188,558 |
| 2019 | $3,150,245 | $3,469,368 | $8,387,436 | $-319,123 |
| 2018 | $2,067,252 | $2,834,346 | $8,680,261 | $-767,094 |
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