New England Life Flight Inc
- Assets
- $98.6m
- Revenue
- $52.8m
- Investments
- $0.0
- Employees
- 190
- Location
- Bedford, MA
- Founding
- 02/1986
- Data as of
- 09/2022
- EIN
- 22-2582060
Organization Overview
New England Life Flight Inc is located in Bedford, MA. The organization was established in 1986. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. As of 09/2022, New England Life Flight Inc employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Life Flight Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, New England Life Flight Inc generated $52.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $41.8m during the year ending 09/2022. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF CRITICAL CARE TRANSPORTATION SERVICES BY AIR AND GROUND TO CRITICALLY ILL AND INJURED PATIENTS.
Describe the Organization's Program Activity:
TRANSPORT SERVICES - THE ORGANIZATION PROVIDES CRITICAL CARE TRANSPORT BY HELICOPTER, AIRPLANE, AND GROUND VEHICLES TO CRITICALLY ILL AND INJURED PATIENTS 24 HOURS A DAY, 7 DAYS A WEEK. IN FISCAL YEAR 2022, THE ORGANIZATION PROVIDED CRITICAL CARE TRANSPORT TO 6,177 PATIENTS.
PUBLIC EDUCATION AND RESEARCH - THE ORGANIZATION PROVIDES PUBLIC SAFETYEDUCATION INCLUDING CRITICAL CARE CONFERENCES AND OTHER EDUCATIONALSESSIONS. IN FISCAL YEAR 2022, THE ORGANIZATION PROVIDED 108CONFERENCES, EDUCATIONAL SESSIONS, AND PR OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Cohen Chief Medical Officer | 40 | $400,290 | |
Maura Hughes CPA Chief Executive Officer | Officer | 40 | $296,447 |
Richard Kenin Chief Operating Officer - Transport | 40 | $211,971 | |
Kristin Gallagher Critical Care Transport Nurse | 40 | $207,294 | |
Andrew Farkas Chief Operating Officer - Clinical | 40 | $207,115 | |
Michael Frakes Chief Quality Officer/dir. Clinical Care | 40 | $206,577 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Columbia Construction Co Construction Company For Hangar 12a | 9/29/18 | $11,779,220 |
Usb Govt Leasing Lease Payments | 9/29/18 | $2,800,340 |
Harvard Pilgrim Health Care Healthcare Provider | 9/29/18 | $2,629,556 |
Multi Service Aircraft Jet Fuel | 9/29/18 | $1,124,712 |
Siemens Loan Inc Lease Payments | 9/29/18 | $1,015,229 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $564,382 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,465,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,030,010 |
| Total Program Service Revenue | $42,649,559 |
| Investment income | $47,024 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $226,565 |
| Net Income from Fundraising Events | -$237,865 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$7,282 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,794,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,370,547 |
| Compensation of current officers, directors, key employees. | $1,370,547 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,704,355 |
| Pension plan accruals and contributions | $554,345 |
| Other employee benefits | $2,996,117 |
| Payroll taxes | $1,622,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,552 |
| Fees for services: Accounting | $83,868 |
| Fees for services: Lobbying | $27,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $512,725 |
| Advertising and promotion | $0 |
| Office expenses | $706,859 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $913,144 |
| Travel | $85,777 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,578 |
| Interest | $1,509,217 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,945,223 |
| Insurance | $1,830,282 |
| All other expenses | $516,131 |
| Total functional expenses | $41,781,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,637,480 |
| Savings and temporary cash investments | $787,190 |
| Pledges and grants receivable | $231,493 |
| Accounts receivable, net | $8,591,525 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $874,281 |
| Prepaid expenses and deferred charges | $2,896,446 |
| Net Land, buildings, and equipment | $48,997,331 |
| Investments—publicly traded securities | $2,071,841 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,558,369 |
| Total assets | $98,645,956 |
| Accounts payable and accrued expenses | $1,769,837 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,689,823 |
| Total liabilities | $47,459,660 |
| Net assets without donor restrictions | $51,073,885 |
| Net assets with donor restrictions | $112,411 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $98,645,956 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that New England Life Flight Inc has recieved totaling $54,500.
| Awarding Organization | Amount |
|---|---|
Tupancy-Harris Foundation Of 1986 Boston, MA PURPOSE: GENERAL PURPOSES | $20,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Health | $17,500 |
Community Foundation For Nantucket Nantucket, MA PURPOSE: HEALTH CARE | $10,500 |
Nantucket Golf Club Foundation Inc Siasconset, MA PURPOSE: SUPPORT | $5,000 |
Elizabeth And John Moller Foundation Moorpark, CA PURPOSE: PROVIDE CRITICAL CARE TRANSPORTATION SERVICES TO CRITICALLY ILL AND INJURED PATIENTS | $1,000 |
Ludes Family Foundation Marion, MA PURPOSE: UNRESTRICTED | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Life Flight Inc Bedford, MA | $98,645,956 | $52,794,964 |
Trinity Health Of New England Emergency Medical Services Inc Hartford, CT | $6,945,018 | $12,377,305 |
Hatzoloh Incorported Brooklyn, NY | $14,530,518 | $13,968,762 |
Starnet Emergency Services Inc Mount Kisco, NY | $8,046,942 | $10,445,284 |
The Stamford Emergency Medical Services Inc Stamford, CT | $6,406,004 | $10,234,183 |
Greenwich Emergency Medical Service Incorporated Riverside, CT | $9,847,811 | $9,658,090 |
Chs Mobile Integrated Health Care Inc Rochester, NY | $5,243,723 | $7,263,116 |
New Britain Emergency Medical Services Incorporated New Britain, CT | $4,306,412 | $9,201,553 |
Clifton Park & Halfmoon Emergency Corps Inc Clifton Park, NY | $6,132,018 | $6,348,879 |
North Adams Ambulance Service Inc North Adams, MA | $5,688,006 | $7,310,779 |
Borough Park Volunteers Of Hatzolah Inc Brooklyn, NY | $12,214,135 | $4,462,118 |
Union Volunteer Emergency Squad Inc Endwell, NY | $2,402,958 | $4,757,529 |