Careflite
- Assets
- $94.2m
- Revenue
- $76.9m
- Investments
- $0.0
- Employees
- 799
- Location
- grand prairie, TX
- Founding
- 10/1979
- Data as of
- 09/2023
- EIN
- 75-1657155
Organization Overview
Careflite is located in grand prairie, TX. The organization was established in 1979. 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 09/2023, Careflite employed 799 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Careflite 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 09/2023, Careflite generated $76.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $83.3m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AIR AND GROUND MEDICAL TRANSPORT SERVICES
Describe the Organization's Program Activity:
TO RESPOND TO HIGHLY CRITICAL CASES OF INJURY AND ILLNESS. OUR BUSINESS IS TO GET TO THE PATIENT AS SOON AS POSSIBLE AND TO PROVIDE THE VERY BEST FIRST RESPONDER AND MEDICAL TRANSPORT CARE. CAREFLITE SERVES AS THE 911 EMERGENCY MEDICAL SERVICE FOR THE NORTH TEXAS AND SOUTHERN OKLAHOMA AREAS. PATIENTS ARE TRANSPORTED BY EITHER HELICOPTER, GROUND AMBULANCE, OR FIXED WING AIRCRAFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reynolds Kevin Coo/vp | Officer | 40 | $262,366 |
Cobb Jeffery Air Nurse | 40 | $222,491 | |
Lail Lynn K Director Strategic Initiatives | Officer | 40 | $198,007 |
Schoenhardt Scott E Pilot | 40 | $182,734 | |
Mccoy Wrey A Air Nurse | 40 | $208,171 | |
Beck Anne Cfo/vp | Officer | 40 | $184,921 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pratt Whitney Canada Corp Helicopter Maintenan | 9/29/23 | $1,146,093 |
Bell Helicoptertextron Maintenance | 9/29/23 | $1,607,460 |
Centrasol Llc Billing Services | 9/29/23 | $2,584,045 |
Arrow Aviation Transportation | 9/29/23 | $616,892 |
Diversified Healthcare Ambulance Billing Services | 9/29/23 | $774,595 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,477 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,477 |
| Total Program Service Revenue | $76,479,329 |
| Investment income | $413,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $128,046 |
| Net Income from Fundraising Events | -$1,873 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$104,573 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,947,227 |
| 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. | $1,423,932 |
| Compensation of current officers, directors, key employees. | $1,423,932 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,280,819 |
| Pension plan accruals and contributions | $1,578,182 |
| Other employee benefits | $5,310,174 |
| Payroll taxes | $3,297,694 |
| Fees for services: Management | $499,933 |
| Fees for services: Legal | $551,737 |
| Fees for services: Accounting | $100,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $485,473 |
| Office expenses | $466,761 |
| Information technology | $1,443,251 |
| Royalties | $0 |
| Occupancy | $1,730,157 |
| Travel | $2,107,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $528,520 |
| Interest | $591,093 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,673,346 |
| Insurance | $4,456,714 |
| All other expenses | $0 |
| Total functional expenses | $83,339,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,047,671 |
| Savings and temporary cash investments | $105,273 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,892,708 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $668,600 |
| Prepaid expenses and deferred charges | $1,556,186 |
| Net Land, buildings, and equipment | $42,243,788 |
| Investments—publicly traded securities | $18,152,700 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,539,722 |
| Total assets | $94,206,648 |
| Accounts payable and accrued expenses | $7,971,671 |
| Grants payable | $0 |
| Deferred revenue | $1,082,378 |
| 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 | $16,958,824 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,924,502 |
| Total liabilities | $30,937,375 |
| Net assets without donor restrictions | $63,269,273 |
| Net assets with donor restrictions | $0 |
| 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 | $94,206,648 |