LifeNet
Legal name: Lifenet Inc
Nonprofit profile at a glance
- EIN
- 710739940
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Texarkana, TX, US
- Phone
- (903) 832-8531
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $49,024,438
- Expenses
- $45,045,541
- Assets
- $27,521,607
- Liabilities
- $6,246,754
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- ALYSSA MOORE (CEO)
Highest reported compensation
- JASON CASTLBERRY (EMPLOYEE): $275,640 total reported compensation
- ALYSSA MOORE (CEO): $212,202 total reported compensation
- MICHAEL HARPER (EMPLOYEE): $199,130 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
LifeNet provides quality EMS and medical air transport services to nearly 350,000 people across Northeast Texas, Southwest Arkansas, and parts of Oklahoma. We also work tirelessly to nurture and grow the EMT and Paramedic communities, providing tuition reimbursement, training, and personal development for emergency medical professionals for over 30 years.
What it reported doing in 2024
Provided emergency medical transport and services in the following counties in southwest Arkansas and east Texas, miller, garland, bowie, cass, red river, saline, hot springs, and western payne, ok.
Operating model
- Revenue model
- Earned-program. 76% 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 most voting board members are independent. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 66
- Accountability: 100
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.2%; rating input score 77
- Program expense ratio: 83%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th 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: 8.1%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 0.61; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 3.4%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: 5.4% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 6.1% per year; rating input score 100; 43rd percentile among comparable filings
Details
- What they do: 8 programs and campaigns described on the official site · 5 operating locations identified
- Where the money goes: 77.2% of revenue deployed · 83% of spending went to programs
- Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $37.4M in reported program spending
- Leadership: top reported pay $276K · 21 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $105K reported
- Consistency: 32 of 32 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- Review — Sustainability: Liabilities to assets ratio scored 55/100.