CAREFLITE

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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

1979

Legal Domicile

Principal Officer

KEVIN REYNOLDS

Phone

9723394200

Tax Period

2023-10-01 to 2024-09-30

CAREFLITE, founded in 1979, is a mid-sized nonprofit in the Health Care sector that reported $87.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $84.3M left a modest 3% surplus.

Mission

AIR AND GROUND MEDICAL TRANSPORT SERVICES.

Program Service Accomplishments

Program 1

Expenses: $65,122,088 Revenue: $85,336,192

TO RESPOND TO HIGHLY CRITICAL CASES OF INJURY AND ILLNESS. OUR BUSINESS IS TO GET TO THE PATIENT AS SOON AS POSSIBLE AND TO PROVIDE THE VERY BEST FIRST RESPONDER AND MEDICAL TRANSPORT CARE. CAREFLITE SERVES AS THE 911 EMERGENCY MEDICAL SERVICE FOR THE NORTH TEXAS AND SOUTHERN OKLAHOMA AREAS. PATIENTS ARE TRANSPORTED BY EITHER HELICOPTER, GROUND AMBULANCE, OR FIXED WING AIRCRAFT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,573,261

Program Service Revenue $85,340,023

Investment Income $122,659

Other Revenue $-71,480

TOTAL REVENUE $86,964,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,026,286

Fundraising Expenses $0

Program Expenses $65,122,088

Other Expenses $29,299,556

TOTAL EXPENSES $84,325,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$86,964,463	$76,947,227	+0.1%
Expenses	$84,325,842	$83,339,966	+0.0%
Net Income	$2,638,621	$-6,392,739	-1.4%

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

788

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

$928,108

Total Directors

$24,000

Key Employees

$439,002

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCHWEBACH JASON	CEO	40.0	Officer	$358,881	$14,279	$373,160
Reynolds Kevin	COO/VP	40.0	Officer	$326,480	$22,500	$348,980
DAVIS WILLIAM	PILOT	40.0	Highest	$203,670	$27,492	$231,162
Schoenhardt Scott E	Pilot	40.0	Highest	$198,700	$30,000	$228,700
CRANE BRYAN	VP GROUND OPERATIONS	40.0	Key Emp	$219,242	$9,092	$228,334
COBB JEFFERY	AIR NURSE	40.0	Highest	$201,067	$19,676	$220,743
McCoy Wrey A	Air NURSE	40.0	Highest	$213,863	$0	$213,863
Lail Lynn K	Director Strategic Initiatives	40.0	Key Emp	$189,325	$21,343	$210,668
KAHLER DUSTIN	VP/CFO	40.0	Officer	$199,248	$6,720	$205,968
Rarity II Michael	Pilot	40.0	Highest	$160,893	$5,187	$166,080
DR ROBERT SIMONSON	DIRECTOR	1.0	Director	$24,000	$0	$24,000
DR MARTIN KOONSMAN	Director	1.0	Director	$0	$0	$0
BRIAN CRAFT	Director	1.0	Director	$0	$0	$0
joseph deleon	director	1.0	Director	$0	$0	$0
AMY BODWELL	DIRECTOR	1.0	Director	$0	$0	$0
ANDREW MASICA	DIRECTOR	1.0	Director	$0	$0	$0
JAY WHITFIELD	DIRECTOR	1.0	Director	$0	$0	$0
PHILIP BOETTCHER	DIRECTOR	1.0	Director	$0	$0	$0
BECKY TUCKER	DIRECTOR	1.0	Director	$0	$0	$0
COURTNEY EDWARDS	DIRECTOR	1.0	Director	$0	$0	$0
DANIELLE SHERAR	DIRECTOR	1.0	Director	$0	$0	$0

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	$86,964,463	$84,325,842	$102,306,004	$2,638,621
2023	$76,947,227	$83,339,966	$94,206,648	$-6,392,739
2022	$83,375,066	$78,967,338	$94,739,056	$4,407,728
2021	$107,504,595	$74,801,922	$100,510,379	$32,702,673
2020	$125,418,420	$108,831,582	$72,215,976	$16,586,838
2019	$107,815,165	$105,586,494	$58,181,706	$2,228,671
2018	$103,440,572	$101,649,917	$57,416,814	$1,790,655