LifeFlight of Maine LLC

What it reported doing in 2024

LifeFlight of Maine had safely transported over 40,000 patients at the end of fiscal year 2025. LifeFlight continues to focus on its values, which include uncompromising standards for safety, for clinical excellence, for each mission, and for our team. In Fiscal Year 2025, LifeFlight employed those values in the transport of 2,876 patients. Of these patients, 1,027 were transported by ground ambulance, 256 by airplane, and 1,864 by helicopter. This represents a 12.1% increase in total volume from the prior year. 271 of these patients were transported by a combination of ground and air assets.Continued on Schedule OContinued from Part III, Line 4aLifeFlight transports patients needing the most advanced critical care transport available, and does so using helicopters, an airplane, and ground ambulances. The Organization works tirelessly to keep costs low while delivering the safest and highest-quality care possible. We do this through a lean management structure and modest facilities while simultaneously investing heavily in our teams, our vehicles, education, and safety. To successfully fulfill its mission, LifeFlight of Maine relies on generous philanthropic support for strategic initiatives and capital equipment. These contributions are raised by The LifeFlight Foundation, without which LifeFlight would not be able to do what it does at the level it does it. In Fiscal Year 2025, LifeFlight wrote off $2,662,313 in bad debt (a 45.1% increase from the prior year), and $240,712 in charity care (a 23% decrease increase from the prior year). LifeFlight continues to offer a robust and industry-leading charity care program. The organization prides itself in ethical collection practices and works closely with patients that have out of pocket responsibility to create reasonable payment plans. We pride ourselves in advocating for our patients from the moment we are entrusted with their care. This includes clinically and financially. LifeFlight seeks to be "in network" with all major commercial payers. In the few instances in which LifeFlight is not in network, patients are never "balance billed" for amounts beyond their plan deductibles, copays, and coinsurance. The Organization has a service contract in place with Northern Light Eastern Maine Medical Center (NL-EMMC), an unrelated organization, under which EMMC provides LOM with Medical Direction and nursing services. This agreement remains in effect and allows the sharing of nursing and paramedic staff between EMMC and LOM. The Organization has a service contract in place with Central Maine Medical Center (CMMC), an unrelated organization (owned by a related organization, Central Maine Healthcare Corporation), under which LOM received Medical Direction Services, which were provided by Dr. Peter Tilney, a CMMC employee. An Aviation Operator Designed for MaineLifeFlight of Maine is the sole member of LifeFlight Aviation Services, LLC, a wholly owned subsidiary of LifeFlight of Maine. LifeFlight Aviation Services is certificated by the Federal Aviation Administration as a "Part 135 Air Carrier." Operating aircraft requires completion of a robust process to receive an operating certificate, in which the FAA provides substantial oversight and surveillance to ensure safe and compliant operations. LifeFlight's customized program is purpose built for Maine and includes special procedures for Maine's unique operating environment.

Financial Efficiency

• Mission deployment rate: 76.1%; rating input score 76
• Program expense ratio: 85.6%; rating input score 86
• Fundraising efficiency: $3.81 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 88.9%; rating input score 89; 21st 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: 11.1%; rating input score 70; 70th percentile among comparable filings
• Total-asset coverage ratio: 1.73; rating input score 56; 56th percentile among comparable filings
• Liabilities to assets ratio: 0.28; rating input score 49; 49th percentile among comparable filings
• Officer compensation ratio: 7.4%; rating input score 33; 33rd percentile among comparable filings

Growth

• Program expense growth: 9.8% per year; rating input score 100; 70th percentile among comparable filings
• Revenue growth: 10% per year; rating input score 100; 74th percentile among comparable filings
• Asset growth: 11.3% per year; rating input score 100; 70th percentile among comparable filings