HALO FLIGHT INC (EIN 752235660) - 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

1988

Legal Domicile

Principal Officer

LARRY WEBB

Phone

3612650509

Tax Period

2023-01-01 to 2023-12-31

HALO FLIGHT INC, founded in 1988, is a mid-sized nonprofit that reported $14.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.4M, a strong 16% operating margin.

Mission

HALO- FLIGHT'S MISSION IS TO PROVIDE MEDICAL TRANSPORT FOR CRITICALLY ILL OR INJURED PERSONS REQUIRING MEDICAL OR TRAUMA FACILITIES WITHIN OUR SOUTH TEXAS SERVICE AREA. EMERGENCY ASSISTANCE IS PROVIDED TO ALL PERSONS REGARDLESS OF THEIR ABILITY TO PAY. HALO-FLIGHT IS A REGIONAL AIR MEDICAL TRANSPORT PROVIDER LICENSED BY THE TEXAS DEPARTMENT OF STATE HEALTH SERVICES. HALO- FLIGHT'S SCOPE OF CARE INCLUDES HELICOPTER AND GROUND MEDICAL TRANSPORT WITH A NURSE/PARAMEDIC MEDICAL CREW. THE MEDICAL CREWS PROVIDE ADVANCED LIFE SUPPORT TO ADULT AND PEDIATRIC PATIENTS INCLUDING PERFORMING ASSESSMENTS.

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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 $994,762

Program Service Revenue $12,797,825

Investment Income $194,247

Other Revenue $837,690

TOTAL REVENUE $14,824,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,857,344

Fundraising Expenses $192,338

Program Expenses $11,111,471

Other Expenses $6,578,512

TOTAL EXPENSES $12,435,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,824,524	$13,101,018	+0.1%
Expenses	$12,435,856	$12,361,786	+0.0%
Net Income	$2,388,668	$739,232	+2.2%

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

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

Total Directors

Key Employees

$367,755

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY WEBB	CHAIR	N/A	Officer Director	$0	$0	$0
GARY JONES	VICE CHAIR	N/A	Officer Director	$0	$0	$0
JOSE PEREIDA	SECRETARY/ T	N/A	Officer Director	$0	$0	$0
DARRELL NORDEEN	DIRECTOR	N/A	Director	$0	$0	$0
DAVID AINSWORTH	DIRECTOR	N/A	Director	$0	$0	$0
BILL COLSTON JR	DIRECTOR	N/A	Director	$0	$0	$0
JUDGE RICHARD SCHMIDTJD	DIRECTOR	N/A	Director	$0	$0	$0
DR MICHAEL SIMMONS MD	DIRECTOR	N/A	Director	$0	$0	$0
BENNA TIMPERLAKE	DIRECTOR	N/A	Director	$0	$0	$0
BRETT PANCAMO	DIRECTOR	N/A	Director	$0	$0	$0
DR JAY KOSKA MD PHD	DIRECTOR	N/A	Director	$0	$0	$0
VARZAVAND IRANI	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT RIOS	DIRECTOR	N/A	Director	$0	$0	$0
AVAILIBLE UPON REQUEST	FLIGHT CREW	40.00	Highest	$186,319	$41,900	$228,219
AVAILABLE UPON REQUEST	MO	40.00	Key Emp	$153,763	$30,000	$183,763
AVAILABLE UPON REQUEST	FLIGHT CREW	40.00	Key Emp	$163,147	$20,845	$183,992

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	$14,824,524	$12,435,856	$37,815,466	$2,388,668
2022	$13,101,018	$12,361,786	$37,261,964	$739,232
2021	$10,412,099	$10,392,058	$37,866,404	$20,041
2020	$12,670,870	$10,791,225	$33,599,510	$1,879,645
2019	$11,732,537	$10,146,441	$28,160,504	$1,586,096
2018	$9,790,129	$8,830,539	$22,608,575	$959,590

HALO FLIGHT INC