Careflite
Nonprofit profile at a glance
- EIN
- 751657155
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Irving, TX, USA
- Phone
- 9723394200
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Ambulance, Emergency Medical Transport Services
Reported finances
- Revenue
- $99,740,309
- Expenses
- $97,440,430
- Assets
- $109,816,094
- Liabilities
- $35,275,096
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- SCHWEBACH JASON (CEO)
Highest reported compensation
- SCHWEBACH JASON (CEO): $358,881 total reported compensation
- Reynolds Kevin (COO/VP): $326,480 total reported compensation
- CRANE BRYAN (VP GROUND OPERATIONS): $219,242 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Air and ground medical transport services.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 82
- Accountability: 100
- Sustainability: 46
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.3%; rating input score 74
- Program expense ratio: 76.1%; rating input score 76
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.3%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 1.13; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 2.3%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: -2.3% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: 2.7% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 9.5% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 74.3% of revenue deployed · 76.1% of spending went to programs
- Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $74.2M in reported program spending
- Leadership: top reported pay $359K · 21 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $7.8M reported
- Consistency: 36 of 36 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 44/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.