Lifeflight of Maine

“LifeFlight of Maine (LOM) had an employee leasing agreement with Affiliated Healthcare Management (AHM) under which AHM provides LOM with executive management, financial support, and marketing and fundraising support services. While the agreement ended in March of 2023 (prior to the start of the Fiscal Year), the following compensation information is disclosed from the wage reporting period of calendar year 2023: Thomas Judge, Executive Director of LOM received $50,605 during calendar year 2023 as compensation and benefits from AHM for the services he provided to LOM through March of 2023. Beginning in March 2023, Mr. Judge was an employee of LifeFlight of Maine, and his compensation received from LOM for the remainder of 2023 is reflected on Form 990, Part VII and Schedule J. William Cyr, Chief Operating Officer of LOM, received $41,223 during calendar year 2023 as compensation and benefits from AHM for the services he provided to LOM through March of 2023. Beginning in March 2023, Mr. Cyr was an employee of LifeFlight of Maine, and his compensation received from LOM for the remainder of 2023 is reflected on Form 990, Part VII. Charles Hogan, Chief Clinical Officer of LOM, received $71,332 during calendar year 2023 as compensation and benefits from Eastern Maine Medical Center for the services he provided to LOM through March of 2023. Beginning in March 2023, Mr. Hogan was an employee of LifeFlight of Maine, and his compensation received from LOM for the remainder of 2023 is reflected on Form 990, Part VII. Joseph Kellner served as Chief Financial Officer through September 30th, 2023, while he was an employee of Northern Light Health. He received no direct compensation for this role. Mr. Kellner was hired by LifeFlight of Maine on October 1st, 2023, as Chief Executive Officer. His compensation received from LOM for the remainder of 2023 is reflected on Form 990, Part VII.”

“The Organization is owned 50% by Central Maine Healthcare Corporation (CMHC) and 50% by Eastern Maine Healthcare Systems (EMHS) dba Northern Light Health.”

“LifeFlight of Maine's membership is held 50% by Eastern Maine Healthcare Systems dba Northern Light Health and 50% by Central Maine Healthcare Corporation. Each of the two members are represented by three voting representatives from their respective organizations for the governing body, the LifeFlight Steering Committee. In addition, the LifeFlight Foundation provides three Steering Committee members to the LifeFlight Steering Committee. Dr. Norman Dinerman, medical director, serves as an additional voting member of the Steering Committee. The Executive Director of the LifeFlight Foundation, and the Chief Executive Officer and Chief Operating Officer of LifeFlight of Maine serve as ex-official non-voting members of the Steering Committee. CMHC and EMHS each had one vacant position on the steering committee.”

“Approval to dissolve the Organization is reserved to the member organizations, Eastern Maine Healthcare Systems dba Northern Light Health and Central Maine Healthcare Corporation. Other organizational changes are also reserved to the member organizations.”

“The executive committee consists of the senior executive and senior financial executive of each of the Members, or their designee(s). The executive committee resolves any non-unanimous votes of the Steering Committee and may act on behalf of the company per the Operating Agreement.”

“A copy of Form 990 is provided to the steering committee for review prior to filing with an opportunity to ask questions. The 990 is also reviewed internally by appropriate levels of organizational personnel prior to providing to the board.”

“In 2012 LifeFlight of Maine implemented a policy which indicates that board members need to annually disclose any conflicts of interest. Annual disclosure statements are periodically filed by members of the Steering Committee.”

“Executive compensation is determined by the Executive Committee through review of like-organization 990 forms, comparing experience and organization sizes. The Executive Committee may consult their healthcare system compensation departments to obtain market information from time-to-time.”

“The Organization makes its governing documents and financial statements available upon request, and proactively shares them with various public data sources. It also posts Form 990 on its website, once approved.”

“LifeFlight of Maine provided consulting services to the Province of Newfoundland and Labrador, Canada, to assist in their planning for a non-profit helicopter emergency medical services system. LifeFlight, as part of its mission, strives to share what we know to enhance healthcare access around the world. This engagement was in furtherance of that goal. The engagement concluded in FY2023, with a report out to governmental representatives. LifeFlight received $183,824 (USD) for this engagement.”

“Purchased Services: Program service expenses 3,885,315. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,885,315.”

“Section 1.263(a)-3(n) Election: LifeFlight of Maine 189 Odlin Road Bangor, ME 04401 EIN: 01-0518516 Section 1.263(a)-3(n) Election: LifeFlight of Maine is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

“Change in Net Assets of Financially Interrelated Organization 174,976. Change in Accumulated Earnings of Financially Interrelated Organization 817,510. Change in Fair Value of Interest Rate Swaps -38,436.”

“Prior to 2024, the Organization expensed the cost of helicopter parts as purchased. Beginning in 2024, the Organization elected to include helicopter parts in its inventory using the FIFO method. Management believes that including the cost of its helicopter parts in inventory and expensing as used more appropriately reflects the Organization's financial position, results of operations and cash flows. This change in accounting principle has been applied through retrospective application, resulting in the restatement of the 2023 consolidated financial statements. The restatement resulted in a $140,000 increase in inventory and net assets at the beginning of 2023 and a coincidental increase in the excess of operating revenue and support over operating expenses without donor restrictions.”