HEALTHNET AEROMEDICAL SERVICES INC

EIN: 550681969 501(c)(3) Health Care

CHARLESTON, WV

Total Revenue
$47,970,670
Total Expenses
$47,970,670
Total Assets
$43,306,144
Net Assets
$30,000
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
WV
Principal Officer
CLINTON BURLEY
Phone
3043408000
Tax Period
2023-01-01 to 2023-12-31

HEALTHNET AEROMEDICAL SERVICES INC, founded in 1987, is a mid-sized nonprofit in the Health Care sector that reported $48.0M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO IMPROVE THE QUALITY AND AVAILABILITY OF HEALTH CARE IN THE STATE OF WEST VIRGINIA AND TO PROVIDE FACILITIES, EQUIPMENT AND SERVICES TO ITS MEMBERS IN ORDER TO CARRY OUT SUCH PURPOSES AND TO REDUCE AND CONTROL THE COST THEREOF. TO PROVIDE EMERGENCY AND NON-EMERGENCY AIR AND GROUND TRANSPORTATION, TREATMENT AND CARE TO PATIENTS WITHOUT DISTINCTION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $57,123
Program Service Revenue $46,656,944
Investment Income $2,284
Other Revenue $1,254,319
TOTAL REVENUE $47,970,670

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,819,864
Fundraising Expenses $0
Program Expenses $43,853,886
Other Expenses $25,150,806
TOTAL EXPENSES $47,970,670

Year-over-Year Comparison

2023 2022 Change
Revenue $47,970,670 $43,619,059 +0.1%
Expenses $47,970,670 $43,619,059 +0.1%
Net Income $0 $0 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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
N/A
Employees
354
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
6
$4,555,574
Total Directors
7
$5,876,929
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLINTON BURLEY PRESIDENT & CEO 50.00
Officer Director
$246,160 $22,611 $268,771
DAVID RAMSEY CHAIRMAN/CAMC PRESIDENT & 0.50
Officer Director
$0 $166,948 $2,160,734
CHRIS GOODE WVUH VP EMERGENCY MEDICINE 0.50
Director
$0 $36,011 $536,574
PAUL SMITH VICE CHAIR/CHH PRESIDENT 0.50
Officer Director
$0 $33,695 $466,889
DAVID MONTE WARD CHH SR. VICE PRE 0.50
Director
$0 $23,847 $952,027
JUSTIN GIBSON TREASURER/WVUH VP FINANCE 0.50
Officer Director
$0 $76,585 $460,600
JEFF SANDENE SECRETARY/CAMC EXECUTIV 0.50
Officer Director
$0 $254,822 $1,031,334
BRIAN DOUGHTY VP BUSINESS OPERATIONS/CFO 50.00
Officer
$155,764 $11,482 $167,246
RUSSELL HOLBERT FLIGHT NURSE 61.00
Highest
$149,192 $9,858 $159,050
MATTHEW HANDLEY VICE PRESIDENT OF CLINICAL OPERATIONS 50.00
Highest
$152,924 $5,875 $158,799
MARIANNE RICHARDSON FLIGHT NURSE 56.00
Highest
$134,842 $21,005 $155,847
BRADFORD LOVERN MOBILE CRITICAL CARE NURSE 59.00
Highest
$131,499 $20,972 $152,471
WILLIAM ADKINS FLIGHT NURSE 53.00
Highest
$132,927 $14,258 $147,185
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 $47,970,670 $47,970,670 $43,306,144 No data
2022 $43,619,059 $43,619,059 $43,065,312 No data
2021 $42,193,095 $42,193,095 $39,359,657 No data
2020 $37,576,927 $37,576,927 $38,941,869 No data
2019 $37,760,441 $37,760,441 $23,586,497 No data
2019 $37,760,441 $37,760,441 $23,586,497 No data
2018 $43,312,413 $43,312,413 $26,153,499 No data
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