Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $48,611

• 1c · Fundraising events

  $185,608

• 1e · Government grants (contributions)

  $59,430

• 1f · All other contributions, gifts and grants

  $6,335,243

• 1g · Noncash contributions included above

  $1,379,266

• 2a · Program service revenue: FLIGHT PATIENT REVENUE

  total $11,298,206 · related or exempt $11,298,206

• 2b · Program service revenue: CONTRACT REVENUE

  total $80,000 · related or exempt $80,000

• 2c · Program service revenue: OTHER PROGRAM REVENUE

  total $53,575 · related or exempt $53,575

• 3 · Investment income

  total $145,481 · excluded $145,481

• 7a · Gross sales of assets other than inventory

  securities $4,355,042 · other assets $5,854,338

• 7b · Less cost or other basis and sales expenses

  securities $4,030,149 · other assets $5,626,912

• 7c · Gain or loss

  securities $324,893 · other assets $227,426

• 7d · Net gain or loss

  total $552,319 · excluded $552,319

• 8a · Fundraising events: gross income

  $99,162

• 8a · Fundraising events: contributions included on line 1c

  $185,608

• 8b · Fundraising events: direct expenses

  $99,162

• 8c · Net income from fundraising events

  total $0

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $402,273 · program services $334,423 · management and general $55,760 · fundraising $12,090

• 7 · Other salaries and wages

  total $6,158,077 · program services $5,140,240 · management and general $836,784 · fundraising $181,053

• 8 · Pension plan contributions

  total $80,942 · program services $68,656 · management and general $10,779 · fundraising $1,507

• 9 · Other employee benefits

  total $387,759 · program services $327,729 · management and general $52,429 · fundraising $7,601

• 10 · Payroll taxes

  total $505,506 · program services $424,804 · management and general $69,154 · fundraising $11,548

• 11b · Fees: legal

  total $60,871 · management and general $60,871

• 11c · Fees: accounting

  total $67,790 · management and general $67,790

• 11g · Fees: other

  total $418,568 · program services $396,575 · management and general $21,653 · fundraising $340

• 12 · Advertising and promotion

  total $55,788 · program services $47,432 · fundraising $8,356

• 13 · Office expenses

  total $663,709 · program services $217,058 · management and general $354,765 · fundraising $91,886

• 19 · Conferences, conventions and meetings

  total $332,956 · program services $332,956

• 20 · Interest

  total $1,055,084 · program services $1,055,084

• 22 · Depreciation, depletion and amortization

  total $1,911,676 · program services $1,854,325 · management and general $38,234 · fundraising $19,117

• 23 · Insurance

  total $955,636 · program services $850,516 · management and general $47,782 · fundraising $57,338

• 24a · Other expenses: NYS CT-13 FILING FEE

  total $250 · program services $250

• 24b · Other expenses: EQUIPMENT AND VEHICLE

  total $1,072,436 · program services $1,050,713 · management and general $21,449 · fundraising $274

• 24c · Other expenses: BAD DEBT

  total $509,157 · program services $509,157

• 24d · Other expenses: SERVICE AGREEMENTS

  total $327,405 · program services $327,405

• 24e · All other expenses

  total $691,641 · program services $646,619 · management and general $7,628 · fundraising $37,394

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,055,827 · end of year $236,897

• 2 · Savings and temporary cash investments

  beginning of year $84,444 · end of year $320,360

• 3 · Pledges and grants receivable

  beginning of year $881,713 · end of year $4,103,229

• 4 · Accounts receivable

  beginning of year $2,884,109 · end of year $4,991,752

• 8 · Inventories for sale or use

  beginning of year $1,116,944 · end of year $1,368,743

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,573,193 · end of year $1,044,419

• 10a · Land, buildings and equipment: cost or other basis

  $28,727,800

• 10b · Land, buildings and equipment: accumulated depreciation

  $6,365,953

• 10c · Land, buildings and equipment, net

  beginning of year $24,174,612 · end of year $22,361,847

• 11 · Investments: publicly traded securities

  beginning of year $4,372,600 · end of year $4,217,921

• 17 · Accounts payable and accrued expenses

  beginning of year $520,775 · end of year $520,206

• 23 · Secured mortgages and notes payable

  beginning of year $17,434,695 · end of year $16,692,767

• 27 · Net assets without donor restrictions

  beginning of year $17,205,205 · end of year $17,196,441

• 28 · Net assets with donor restrictions

  beginning of year $982,767 · end of year $4,235,754

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION FOR THE PRESIDENT/CEO IS DETERMINED, BY TWO DIFFERENT INDIVIDUALS, USING COMPARABLE INFORMATION FROM THE INTERNET, AND IS APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE. THE COMMITTEE RECOMMENDS THE COMPENSATION AMOUNT TO THE BOARD OF DIRECTORS, WHICH HAS FINAL APPROVAL.

PART I, LINE 6

A PORTION OF THE PRESIDENT/CEO'S BONUS IS CONTINGENT UPON NET EARNINGS OF THE ORGANIZATION.

PART I, LINE 7

A PORTION OF THE PRESIDENT/CEO'S BONUS IS CONTINGENT UPON THE ORGANIZATION ACHIEVING PERFORMANCE THRESHOLDS IN MEDICAL CARE AND COMPLETING PARTICIPATING PROVIDER NETWORK AGREEMENTS WITH HEALTH INSURANCE COMPANIES.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• MERCY FLIGHT CENTRAL HOLDING LLC

  HOLDING · NY · income $2,250,980 · assets $14,942,541

  Directly controlled by MERCY FLIGHT CENTRAL

• MFC FOUNDATION LLC

  FUNDRAISING · NY · income $7,328,353 · assets $20,591,847

  Directly controlled by MERCY FLIGHT CENTRAL

• MFC AVIATION SERVICES LLC

  FIXED BASE OPERATOR · NY · income $0 · assets $1,207

  Directly controlled by MERCY FLIGHT CENTRAL