Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,931,817

• 1f · All other contributions, gifts and grants

  $2,225,730

• 2a · Program service revenue: Net Patient Service Revenue

  total $28,086,800 · related or exempt $28,086,800

• 2b · Program service revenue: Other Income

  total $1,618,224 · related or exempt $1,618,224

• 6a · Gross rents

  real property $21,612

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $21,612

• 6d · Net rental income or loss

  total $21,612 · excluded $21,612

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,384,445 · program services $251,108 · management and general $1,133,337

• 7 · Other salaries and wages

  total $5,898,024 · program services $5,253,275 · management and general $115,871 · fundraising $528,878

• 8 · Pension plan contributions

  total $180,975 · program services $177,946 · fundraising $3,029

• 9 · Other employee benefits

  total $1,180,221 · program services $1,116,990 · management and general $46,007 · fundraising $17,224

• 10 · Payroll taxes

  total $580,463 · program services $513,058 · management and general $58,931 · fundraising $8,474

• 11a · Fees: management

  total $784,798 · program services $244,443 · management and general $303,835 · fundraising $236,520

• 11b · Fees: legal

  total $35,640 · management and general $35,640

• 11c · Fees: accounting

  total $68,661 · management and general $68,661

• 11g · Fees: other

  total $8,022,084 · program services $7,242,721 · management and general $656,712 · fundraising $122,651

• 12 · Advertising and promotion

  total $17,650 · program services $7,251 · management and general $5,958 · fundraising $4,441

• 13 · Office expenses

  total $315,981 · program services $224,610 · management and general $57,703 · fundraising $33,668

• 14 · Information technology

  total $207,167 · program services $203,057 · management and general $3,605 · fundraising $505

• 16 · Occupancy

  total $547,756 · program services $388,873 · management and general $101,302 · fundraising $57,581

• 17 · Travel

  total $370,415 · program services $350,173 · management and general $20,185 · fundraising $57

• 19 · Conferences, conventions and meetings

  total $89,918 · program services $85,004 · management and general $4,900 · fundraising $14

• 20 · Interest

  total $252,030 · program services $252,030

• 22 · Depreciation, depletion and amortization

  total $1,710,769 · program services $1,710,769

• 23 · Insurance

  total $1,150,075 · program services $1,150,075

• 24a · Other expenses: Aviation Operation

  total $5,414,920 · program services $4,786,124 · management and general $549,749 · fundraising $79,047

• 24b · Other expenses: Medical Expenses

  total $1,087,345 · program services $1,027,925 · management and general $59,251 · fundraising $169

• 24c · Other expenses: Miscellaneous Expenses

  total $825,432 · program services $812,372 · management and general $12,929 · fundraising $131

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $125 · end of year $125

• 2 · Savings and temporary cash investments

  beginning of year $2,781,101 · end of year $5,277,296

• 3 · Pledges and grants receivable

  beginning of year $632,084

• 4 · Accounts receivable

  beginning of year $4,945,356 · end of year $4,822,441

• 8 · Inventories for sale or use

  beginning of year $793,287 · end of year $668,459

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,111,392 · end of year $1,144,161

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

  $45,180,782

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

  $14,716,652

• 10c · Land, buildings and equipment, net

  beginning of year $22,974,990 · end of year $30,464,130

• 14 · Intangible assets

  beginning of year $1,370,948 · end of year $1,199,052

• 15 · Other assets

  beginning of year $7,981,226 · end of year $8,550,059

• 17 · Accounts payable and accrued expenses

  beginning of year $1,525,687 · end of year $2,389,428

• 20 · Tax-exempt bond liabilities

  beginning of year $3,844,637 · end of year $3,181,097

• 23 · Secured mortgages and notes payable

  beginning of year $2,249,351 · end of year $7,361,971

• 25 · Other liabilities

  beginning of year $1,856,756 · end of year $1,517,330

• 27 · Net assets without donor restrictions

  beginning of year $28,733,229 · end of year $33,920,655

• 28 · Net assets with donor restrictions

  beginning of year $4,380,849 · end of year $3,755,242

The filer's explanations (Part III)

Part I, Line 7

During 2024, employees received bonuses based on merit and/or organizational performance metrics.

Form 990, Part VII, line 5:

Dr. Norman Dinerman, LOM Steering Committee Member, acts in the capacity as the Organization's Medical Director pursuant to a service contract arrangement with EMMC. Amounts paid to EMMC by LOM for Medical Director services totaled $179,172 during calendar year 2024. LOM does not compensate Dr. Dinerman directly. The Organization is not aware of what portion of Dr. Dinerman's compensation from EMMC is attributable to services rendered to LOM. As such, pursuant to the Form 990 instructions, the Organization is reporting the amount paid for services rendered as compensation to Mr. Dinerman, and is reporting this amount on Form 990, Part VII, Column D.

Disregarded entities

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

• LifeFlight Aviation Services LLC

  Aviation Services · ME · income $6,295,421 · assets $815,911

  Directly controlled by Lifeflight of Maine