Civic Intelligence

Life Flight Network Foundation

990 • Fiscal year 2024 • EIN 27-0294759

Apr 01, 2023 to Mar 31, 2024 • Filed on Feb 13, 2025

22285 Yellow Gate Lane 102Aurora, OR 97002

(503) 678-4364

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.76x

Higher debt load relative to assets than 86% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

1.19x

Higher debt load relative to revenue than 80% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

7th percentile

-36%

Higher net margin than 7% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$672,859

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

4th percentile

-16%

Faster asset growth than 4% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

45th percentile

6.2%

Faster revenue growth than 45% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$25,930,933

Down $4,875,653 (-16%) from 2023

Net Assets

Down

$6,215,974

Down $5,094,604 (-45%) from 2023

Liabilities

Up

$19,714,959

Up $218,951 (+1.1%) from 2023

Revenue

Up

$16,575,646

Up $965,507 (+6.2%) from 2023

Expenses

Up

$22,514,078

Up $10,974,875 (+95%) from 2023

Net Income

Down

-$5,938,432

Down $10,009,368 (-246%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0-$10MAssets 2013: $179,053Liabilities 2013: $2,818,207Net Assets 2013: -$2,639,1542013Assets 2014: $1,993,299Liabilities 2014: $3,936,608Net Assets 2014: -$1,943,3092014Assets 2015: $1,020,574Liabilities 2015: $3,464,268Net Assets 2015: -$2,443,6942015Assets 2016: $3,483,948Liabilities 2016: $3,513,000Net Assets 2016: -$29,0522016Assets 2017: $6,471,176Liabilities 2017: $5,945,523Net Assets 2017: $525,6532017Assets 2018: $10,995,124Liabilities 2018: $8,307,296Net Assets 2018: $2,687,8282018Assets 2019: $14,326,383Liabilities 2019: $9,458,830Net Assets 2019: $4,867,5532019Assets 2020: $19,830,292Liabilities 2020: $16,045,091Net Assets 2020: $3,785,2012020Assets 2021: $22,970,398Liabilities 2021: $15,784,110Net Assets 2021: $7,186,2882021Assets 2022: $27,756,758Liabilities 2022: $20,110,951Net Assets 2022: $7,645,8072022Assets 2023: $30,806,586Liabilities 2023: $19,496,008Net Assets 2023: $11,310,5782023Assets 2024: $25,930,933Liabilities 2024: $19,714,959Net Assets 2024: $6,215,9742024Assets 2025: $32,275,784Liabilities 2025: $20,609,325Net Assets 2025: $11,666,4592025

Highlighted filing

2024

Assets$25,930,933
Liabilities$19,714,959
Net Assets$6,215,974

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2013: $2,874,6052013Revenue 2014: $3,854,496Expenses 2014: $3,158,651Net Income 2014: $695,8452014Revenue 2015: $3,993,992Expenses 2015: $4,494,376Net Income 2015: -$500,3842015Revenue 2016: $4,537,868Expenses 2016: $2,123,226Net Income 2016: $2,414,6422016Revenue 2017: $6,009,420Expenses 2017: $5,454,715Net Income 2017: $554,7052017Revenue 2018: $8,415,087Expenses 2018: $6,252,912Net Income 2018: $2,162,1752018Revenue 2019: $9,597,901Expenses 2019: $7,418,176Net Income 2019: $2,179,7252019Revenue 2020: $11,064,892Expenses 2020: $12,303,730Net Income 2020: -$1,238,8382020Revenue 2021: $13,317,077Expenses 2021: $9,802,904Net Income 2021: $3,514,1732021Revenue 2022: $13,971,410Expenses 2022: $12,086,089Net Income 2022: $1,885,3212022Revenue 2023: $15,610,139Expenses 2023: $11,539,203Net Income 2023: $4,070,9362023Revenue 2024: $16,575,646Expenses 2024: $22,514,078Net Income 2024: -$5,938,4322024Revenue 2025: $17,735,979Expenses 2025: $12,902,378Net Income 2025: $4,833,6012025

Highlighted filing

2024

Revenue$16,575,646
Expenses$22,514,078
Net Income-$5,938,432
Jump To
Filing Snapshot
Filing Period
Apr 1, 2023 to Mar 31, 2024
Signed
Feb 13, 2025
Return Version
2023v6.0
Gross Receipts
$16,575,646
Mission and Program Overview

Mission

To support training, outreach programs and transport services provided by life flight network.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,243,218$14,285,558▼ $5,957,660
Savings and Temporary Cash Investments$9,512,617$8,887,151▼ $625,466
Cash and Non-Interest-Bearing Accounts$571,876$2,173,449▲ $1,601,573
Land, Buildings, and Equipment, Net$0$339,928▲ $339,928
Prepaid Expenses and Deferred Charges$21,015$92,678▲ $71,663
Total Assets$30,806,586$25,930,933▼ $4,875,653
Other Assets Total$457,860$152,169▼ $305,691
Liabilities
Deferred Revenue$15,133,976$15,974,944▲ $840,968
Other Liabilities$4,279,868$3,726,340▼ $553,528
Accounts Payable and Accrued Expenses$82,164$13,675▼ $68,489
Total Liabilities$19,496,008$19,714,959▲ $218,951
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,310,578$6,215,974▼ $5,094,604
Total Net Assets Fund Balance$11,310,578$6,215,974▼ $5,094,604
Total Liabilities and Net Assets / Fund Balance$30,806,586$25,930,933▼ $4,875,653

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$339,928$43,694$383,622
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joe NessBoard Chair
Amy ChaumetonBoard Member
Ben LeblancBoard Member
David McfadyenBoard Member
Mike BarsottiBoard Member
Sandy CatalanBoard Member
Sarah JensenBoard Member
Lannie CheckettsBoard Treasurer
Dominic PomponioCBO
Benjamin ClaytonCEO

Highest Paid Contractors

ContractorServicesLocationCompensation
Life Flight Network LLCManagement And Transport Services22285 YELLOW GATE LANE SUITE 102, Aurora, OR 97002$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$119,040
Program Service Revenue
$16,059,509
Investment Income
$397,097
Other Revenue
$0
All Other Contributions
$119,040
Change in Net Assets
$-5,938,432

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,575,646
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$843,828
Total Revenue per Audited Statements
$17,419,474
Total Revenue per Form 990
$16,575,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$19,886,789
Salaries, Compensation, and Employee Benefits$1,530,089
Other Expenses$1,097,200
Total Fundraising Expense$26,215
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$19,886,789--$19,886,789
Other Salaries and Wages$760,146$192,442$9,622$962,210
Office Expenses$334,547$84,695$4,235$423,477
Other Employee Benefits$318,524$80,639$4,032$403,195
Fees for Services Management$94,800$24,000$1,200$120,000
Payroll Taxes$76,624$19,398$970$96,992
Advertising$60,938$15,427$771$77,136
Pension Plan Contributions$53,477$13,538$677$67,692
Other Expenses$37,828$9,577$479$47,884
Information Technology$23,848$6,038$302$30,188
Travel$6,409$1,623$81$8,113
Depreciation Depletion-$5,761-$5,761
Total Functional Expenses$21,957,797$530,066$26,215$22,514,078

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$22,514,078
Total Expenses per Audited Statements$22,514,078
Total Expenses per Form 990$22,514,078
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Life Flight Network LLCAurora, OR-Emergency Medical Transport and Training$19,886,789
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable to Affiliate$3,726,340
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the cfo of life flight network, llc.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is reviewed by the board at least annually.

Form 990, Part VI, Section C, Line 19

The financial statements, governing documents and conflict of interest policy are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Life Flight Network Foundation
EIN
27-0294759
Phone
5036784364
Address
22285 YELLOW GATE LANE 102, AURORA, OR 97002

Signing Officer

Name
Ben Clayton
Title
CEO
Phone
5036784364
Signed
2025-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Clayton
Formed
2009
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Moss Adams Llp
Address
805 SW BROADWAY STE 1400, PORTLAND, OR 97205
Preparer
Wendy Campos
Phone
5032421447
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The internal revenue service has determined that the foundation is a tax-exempt organization under internal revenue code (irc) section 501(c)(3). As such, only the foundation's unrelated business income is subject to federal or state income taxes. Lfn leasing is a single member llc and is considered to be a "disregarded entity" for income tax purposes; accordingly, lfn leasing does not file separate income tax returns, and the income tax effects of lfn leasing's operations are included in the foundation's information returns. It is management's belief that none of the foundation's activities have generated material unrelated business income. Therefore, no provision for income taxes has been included in the accompanying consolidated financial statements. Income tax positions that meet a "more-likely-than-not" recognition threshold are measured as the largest amount of income tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with income tax positions taken that exceeds the amount measured as described above, if any, would be reflected as a liability for unrecognized income tax benefits in the foundation's consolidated statements of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized income tax benefits would be classified as income taxes in the foundation's consolidated statements of activities. There were no unrecognized income tax benefits, nor any interest and penalties associated with unrecognized income tax benefits, accrued or expensed as of and for the years ended march 31, 2024 and 2023. The foundation files federal information returns in the u.s. And state information returns in oregon.

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IRS990/MoreThan5000KToOrgInd00
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IRS990/OtherExpensesGrp/Desc0MERCHANT FEES
IRS990/OtherExpensesGrp/Desc1CONTRACT LABOR
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PayrollTaxesGrp/TotalAmt096992
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IRS990/ProgSrvcAccomActy2Grp/Desc0FUNDING TO LIFE FLIGHT NETWORK TO COVER COSTS OF EMERGENCY MEDICAL TRANSPORT VIA LIFE FLIGHT FOR PATIENTS QUALIFIED FOR CHARITY CARE.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0GENERAL SUPPORT FOR LIFE FLIGHT NETWORK AIR TRANSPORT SERVICES INCLUDING SUPPORT FOR ANNUAL FIREMED AND MEDIX AMBULANCE JOINT PUBLIC EDUCATION DRIVES.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE TO AFFILIATE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3). AS SUCH, ONLY THE FOUNDATION'S UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL OR STATE INCOME TAXES. LFN LEASING IS A SINGLE MEMBER LLC AND IS CONSIDERED TO BE A "DISREGARDED ENTITY" FOR INCOME TAX PURPOSES; ACCORDINGLY, LFN LEASING DOES NOT FILE SEPARATE INCOME TAX RETURNS, AND THE INCOME TAX EFFECTS OF LFN LEASING'S OPERATIONS ARE INCLUDED IN THE FOUNDATION'S INFORMATION RETURNS. IT IS MANAGEMENT'S BELIEF THAT NONE OF THE FOUNDATION'S ACTIVITIES HAVE GENERATED MATERIAL UNRELATED BUSINESS INCOME. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. INCOME TAX POSITIONS THAT MEET A "MORE-LIKELY-THAN-NOT" RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF INCOME TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH INCOME TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE, IF ANY, WOULD BE REFLECTED AS A LIABILITY FOR UNRECOGNIZED INCOME TAX BENEFITS IN THE FOUNDATION'S CONSOLIDATED STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED INCOME TAX BENEFITS WOULD BE CLASSIFIED AS INCOME TAXES IN THE FOUNDATION'S CONSOLIDATED STATEMENTS OF ACTIVITIES. THERE WERE NO UNRECOGNIZED INCOME TAX BENEFITS, NOR ANY INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED INCOME TAX BENEFITS, ACCRUED OR EXPENSED AS OF AND FOR THE YEARS ENDED MARCH 31, 2024 AND 2023. THE FOUNDATION FILES FEDERAL INFORMATION RETURNS IN THE U.S. AND STATE INFORMATION RETURNS IN OREGON.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalRevenuePerForm990Amt016575646
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt022514078
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt019886789
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EMERGENCY MEDICAL TRANSPORT AND TRAINING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LIFE FLIGHT NETWORK LLC
IRS990ScheduleI/RecipientTable/RecipientEIN0205016802
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt022285 YELLOW GATE LANE SUITE 102
IRS990ScheduleI/RecipientTable/USAddress/CityNm0AURORA

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