MERCY FLIGHTS INC (EIN 930512235) - 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

1949

Legal Domicile

Principal Officer

SHEILA CLOUGH

Phone

5418582600

Tax Period

2023-01-01 to 2023-12-31

MERCY FLIGHTS INC, founded in 1949, is a mid-sized nonprofit in the Health Care sector that reported $30.2M in total revenue in fiscal year 2023. Expenses of $34.6M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE CARING SERVICES FOR OUR SUBSCRIBERS AND OTHERS WHOM WE TRANSPORT OR TREAT AND THEIR FAMILIES BY HAVING FULLY QUALIFIED, EXPERIENCED STAFF. MERCY FLIGHTS IN COOPERATION WITH HOSPITALS, MEDICAL PERSONNEL AND OTHER AMBULANCE COMPANIES PROVIDE PREMIUM MEDICAL TREATMENT AND TRANSPORT AT A REASONABLE COST.

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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 $981,907

Program Service Revenue $28,975,374

Investment Income $250,066

Other Revenue $6,497

TOTAL REVENUE $30,213,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,337,317

Fundraising Expenses $0

Program Expenses $26,279,776

Other Expenses $17,298,557

TOTAL EXPENSES $34,635,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,213,844	$30,834,458	0.0%
Expenses	$34,635,874	$26,939,926	+0.3%
Net Income	$-4,422,030	$3,894,532	-2.1%

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

241

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

$970,069

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD BREWSTER	TREASURER	1.00	Officer Director	$0	$0	$0
SHANE HICKMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK DIRIENZO	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MCLEMORE	DIRECTOR	1.00	Director	$0	$0	$0
PIRKKO TERAO	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY YECHOUT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALAN HARPER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MIKE BURRILL JR	DIRECTOR	1.00	Director	$0	$0	$0
ED HELMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ROE	DIRECTOR	1.00	Director	$0	$0	$0
LEONA O'KEEFE	DIRECTOR	1.00	Director	$0	$0	$0
BELLE SHEPHERD	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA CLOUGH	CEO	40.00	Officer	$424,665	$40,108	$464,773
JILL BOROVANSKY	CFO	40.00	Officer	$227,271	$36,581	$263,852
RICHARD WHIPPLE	VICE PRESIDENT	40.00	Officer	$217,108	$24,336	$241,444
MATTHEW CRUZ	PARAMEDIC	40.00	Highest	$139,972	$19,293	$159,265
JESSE WITHROW	PILOT	40.00	Highest	$141,327	$19,523	$160,850
AMBER O'DUANE	RN	40.00	Highest	$145,334	$19,804	$165,138
RYAN COOL	RN	40.00	Highest	$134,716	$21,461	$156,177
GERHARD VILIOEN	RN	40.00	Highest	$146,145	$19,885	$166,030

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	$30,213,844	$34,635,874	$33,348,442	$-4,422,030
2022	$30,834,458	$26,939,926	$38,019,173	$3,894,532
2021	$26,779,011	$21,851,658	$33,536,909	$4,927,353
2020	$20,862,909	$20,468,653	$27,918,501	$394,256
2019	$20,089,596	$20,182,817	$25,613,997	$-93,221
2018	$19,472,425	$17,453,831	$27,479,012	$2,018,594

MERCY FLIGHTS INC