Civic Intelligence

Medical Air Inc.

990 • Fiscal year 2016 • EIN 31-1603672

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 08, 2017

P O Box 90818Raleigh, NC 27675-0818

(919) 966-2461

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2016 filings • NTEE E • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2016 filings • NTEE E • $1M-$5M nonprofits • Source year 2016

Net Margin

11th percentile

-38%

Higher net margin than 11% of similar nonprofits.

2016 filings • NTEE E • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

95th percentile

$1,279,150

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 131.7% of source-year revenue.

2016 filings • NTEE E • $1M-$5M nonprofits • Source year 2016

Asset Growth

18th percentile

-7.2%

Faster asset growth than 18% of similar nonprofits.

2016 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-14%

Faster revenue growth than 17% of similar nonprofits.

2016 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$4,826,608

Down $374,102 (-7.2%) from 2015

Net Assets

Down

$4,824,137

Down $373,117 (-7.2%) from 2015

Liabilities

Down

$2,471

Down $985 (-29%) from 2015

Revenue

Down

$970,899

Down $151,960 (-14%) from 2015

Expenses

Down

$1,344,016

Down $80,591 (-5.7%) from 2015

Net Income

Down

-$373,117

Down $71,369 (-24%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2012: $6,144,803Liabilities 2012: $11,805Net Assets 2012: $6,132,9982012Assets 2013: $6,175,807Liabilities 2013: $14,419Net Assets 2013: $6,161,3882013Assets 2014: $5,537,885Liabilities 2014: $38,883Net Assets 2014: $5,499,0022014Assets 2015: $5,200,710Liabilities 2015: $3,456Net Assets 2015: $5,197,2542015Assets 2016: $4,826,608Liabilities 2016: $2,471Net Assets 2016: $4,824,1372016Assets 2017: $4,431,133Liabilities 2017: $2,043Net Assets 2017: $4,429,0902017Assets 2018: $4,090,904Liabilities 2018: $67,522Net Assets 2018: $4,023,3822018Assets 2019: $3,465,885Liabilities 2019: $10,548Net Assets 2019: $3,455,3372019Assets 2020: $3,916,053Liabilities 2020: $12,330Net Assets 2020: $3,903,7232020Assets 2021: $8,249,555Liabilities 2021: $4,368,134Net Assets 2021: $3,881,4212021Assets 2022: $7,533,436Liabilities 2022: $4,005,218Net Assets 2022: $3,528,2182022Assets 2023: $6,748,312Liabilities 2023: $3,619,844Net Assets 2023: $3,128,4682023Assets 2024: $8,079,361Liabilities 2024: $3,226,743Net Assets 2024: $4,852,6182024

Highlighted filing

2016

Assets$4,826,608
Liabilities$2,471
Net Assets$4,824,137

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $1,400,6372012Expenses 2013: $1,637,5482013Revenue 2014: $965,625Expenses 2014: $1,628,011Net Income 2014: -$662,3862014Revenue 2015: $1,122,859Expenses 2015: $1,424,607Net Income 2015: -$301,7482015Revenue 2016: $970,899Expenses 2016: $1,344,016Net Income 2016: -$373,1172016Revenue 2017: $1,113,356Expenses 2017: $1,508,403Net Income 2017: -$395,0472017Revenue 2018: $896,558Expenses 2018: $1,302,266Net Income 2018: -$405,7082018Revenue 2019: $723,072Expenses 2019: $1,291,117Net Income 2019: -$568,0452019Revenue 2020: $1,685,232Expenses 2020: $1,236,846Net Income 2020: $448,3862020Revenue 2021: $911,729Expenses 2021: $934,031Net Income 2021: -$22,3022021Revenue 2022: $881,928Expenses 2022: $1,235,131Net Income 2022: -$353,2032022Revenue 2023: $996,583Expenses 2023: $1,396,333Net Income 2023: -$399,7502023Revenue 2024: $3,196,983Expenses 2024: $1,472,833Net Income 2024: $1,724,1502024

Highlighted filing

2016

Revenue$970,899
Expenses$1,344,016
Net Income-$373,117
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 8, 2017
Return Version
2015v3.0
Gross Receipts
$970,899
Mission and Program Overview

Mission

To provide a rapid, safe, and efficient transportation system to deploy health sciences faculty and health care leaders throughout north carolina to provide medical care to underserved communities, educational programs to remote cities, and general support for the mission of the north carolina area health education centers (ahec) program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,373,785$2,862,192▼ $511,593
Savings and Temporary Cash Investments$1,588,607$1,693,043▲ $104,436
Accounts Receivable$123,081$165,113▲ $42,032
Inventories for Sale or Use$63,419$55,847▼ $7,572
Prepaid Expenses and Deferred Charges$51,818$50,413▼ $1,405
Total Assets$5,200,710$4,826,608▼ $374,102
Liabilities
Accounts Payable and Accrued Expenses$3,456$2,471▼ $985
Total Liabilities$3,456$2,471▼ $985
Net Assets / Fund Balance
Unrestricted Net Assets$5,197,254$4,824,137▼ $373,117
Total Net Assets Fund Balance$5,197,254$4,824,137▼ $373,117
Total Liabilities and Net Assets / Fund Balance$5,200,710$4,826,608▼ $374,102

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,862,192$3,353,972$6,216,164
Compensation and Service Providers

Board Members and Trustees

NameTitle
Warren P Newton Md MphPresident
Cam Enarson Md MbaVice President/treasurer
John P Lewis MbaBoard Member
Kevin Fitzgerald MpaBoard Member
William Roper Md MphBoard Member
Dwayne Pinkney PhdSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$155,689
Program Service Revenue
$791,285
Investment Income
$728
Other Revenue
$23,197
Change in Net Assets
$-373,117

Audited Revenue Reconciliation

Revenue per Audited Statements
$970,899
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,123,046
Total Revenue per Audited Statements
$2,093,945
Total Revenue per Form 990
$970,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,344,016
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$576,809--$576,809
Insurance$70,586--$70,586
All Other Expenses$31,712$12,078-$43,790
Other Expenses$17,507$15,212-$32,719
Office Expenses-$1,228-$1,228
Total Functional Expenses$1,315,498$28,518$0$1,344,016

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,467,062
Expenses per Audited Statements$1,344,016
Total Expenses per Form 990$1,344,016
Expenses Not Reported on Form 990$1,123,046
Expenses Not Reported on Financial Statements$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

In accordance with the by-laws of the organization, the board is composed of a minimum of five and a maximum of ten voting members. Two of these voting members shall be the director of the north carolina area health education centers (ahec) program administered by the university of north carolina at chapel hill, the dean of the school of medicine of the university of north carolina at chapel hill/ceo of unc health care.

Form 990, Part VI, Section A, Line 8B

There are no board committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

The board of directors reviews form 990 either by email or during a board meeting.

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

The organization requires each member of the board of directors to sign a conflict on interest statement on an annual basis.

Form 990, Part VI, Section B, Line 15

Four of medical air's officers are employees of the state of north carolina and two of medical air's officers are unc healthcare employees. As such, a yearly evaluation is performed on all employees and compensation is determined by and processed through the state of north carolina and unc healthcare personnel and accounting systems.

Form 990, Part VI, Section C, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Medical Air Inc
EIN
31-1603672
Phone
9199662461
Address
P O BOX 90818, RALEIGH, NC 27675-0818

Signing Officer

Name
Warren P Newton Md Mph
Title
President
Phone
9199662461
Signed
2017-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Warren P Newton Md Mph
Formed
1997
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
6

Preparer

Firm
Blackman & Sloop Cpas Pa
Address
1414 RALEIGH RD SUITE 300, CHAPEL HILL, NC 27517
Preparer
Robin Mcduffie
Phone
9199428700
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The treasurer reviews the draft audited financial statements.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION PROVIDES AIR TRANSPORTATION SERVICES FOR THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, A STATE RUN UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE BOARD OF DIRECTORS CONSISTS OF REPRESENTATIVES FROM UNC CHAPEL HILL AND THE UNC MEDICAL SCHOOL. THE BOARD MAKES ALL SIGNIFICANT FINANCIAL DECISIONS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 1C
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D LINE 3
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt03353972
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt50
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1529689
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2307998
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3296029
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt50
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt1264827
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt249316
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt345510
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt440598
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt526334
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM ROPER MD MPH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOHN P LEWIS MBA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2KEVIN FITZGERALD MPA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3DWAYNE PINKNEY PHD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4CAM ENARSON MD MBA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5WARREN P NEWTON MD MPH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4VICE PRESIDENT/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5PRESIDENT
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4525159
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt5435758
IRS990ScheduleJ/SeverancePaymentInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.08$3.23$4.85$3.20$1.47$1.72
2023Detailed filing. Detailed filing data is available for this year.$6.75$3.62$3.13$1.00$1.40$0.40
2022Detailed filing. Detailed filing data is available for this year.$7.53$4.01$3.53$0.88$1.24$0.35
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.25$4.37$3.88$0.91$0.93$0.02
2020Detailed filing. Detailed filing data is available for this year.$3.92$0.01$3.90$1.69$1.24$0.45
2019Detailed filing. Detailed filing data is available for this year.$3.47$0.01$3.46$0.72$1.29$0.57
2018Detailed filing. Detailed filing data is available for this year.$4.09$0.07$4.02$0.90$1.30$0.41
2017Detailed filing. Detailed filing data is available for this year.$4.43$0.00$4.43$1.11$1.51$0.40
2016Detailed filing. Detailed filing data is available for this year.$4.83$0.00$4.82$0.97$1.34$0.37
2015Detailed filing. Detailed filing data is available for this year.$5.20$0.00$5.20$1.12$1.42$0.30
2014Detailed filing. Detailed filing data is available for this year.$5.54$0.04$5.50$0.97$1.63$0.66
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.18$0.01$6.16$1.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.14$0.01$6.13$1.40
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