LifeFlight Foundation (EIN 522377085) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

Kathleen O'Halloran

Phone

2072307092

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

The LifeFlight Foundation (LFF) supports LifeFlight of Maine (LOM) in the provision of emergent critical care medical services to patients needing specialized care throughout Maine and, under mutual aid, the other states of Northern New England. LOM provides services to critically ill and injured patients regardless of insurance coverage and ability to pay for the cost of medical care. LFF provides financial support for capital projects, such as: 1. Fleet acquisition and replacement parts; 2. Specialized medical equipment used on LOM helicopters, the airplane, and specialized ground vehicles; 3. Aviation infrastructure improvements such as hospital helipads, automated weather systems, runway cameras, and low-level instrument flight infrastructure; 4. Support for LifeFlight's education programs, such as the Critical Care Academy and high-fidelity medical simulation provided by LOM to physicians, physician extenders, nurses, paramedics, and emergency medical technicians throughout the state. 5. Crew equipment and wellness; and 6. Temporary support (in most cases, up to three years) for new programs and positions. Additionally, the Foundation is responsible for all marketing and communication initiatives for both organizations.

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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 $3,321,517

Program Service Revenue $925,684

Investment Income $305,689

Other Revenue $-39,019

TOTAL REVENUE $4,513,871

Expense Breakdown

Grants Paid $2,225,730

Salaries & Benefits $0

Fundraising Expenses $764,788

Program Expenses $2,371,513

Other Expenses $1,433,021

TOTAL EXPENSES $3,658,751

Year-over-Year Comparison

	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%

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

N/A

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

$204,838

Total Directors

Key Employees

Highest Compensated

reported

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

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
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

LifeFlight Foundation