Civic Intelligence

Healthnet Aeromedical Services Inc

EIN 55-0681969 • 501(c)3 • Charleston, WV

Profile

To improve the quality and availability of health care in the state of west virginia and to provide facilities, equipment and services to its members in order to carry out such purposes and to reduce and control the cost thereof. To provide emergency and non-emergency air and ground transportation, treatment and care to patients without distinction.

110 Wyoming StCharleston, WV 25302

www.healthnetaeromedical.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.82x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

33rd percentile

0.0%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$2,067,505

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

21st percentile

-1.7%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

8.7%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$42,551,553

Down $754,591 (-1.7%) from 2023

Liabilities

Down

$42,521,553

Down $754,591 (-1.7%) from 2023

Net Assets

Flat

$30,000

Flat from 2023

Revenue

Up

$52,123,812

Up $4,153,142 (+8.7%) from 2023

Expenses

Up

$52,123,812

Up $4,153,142 (+8.7%) from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $23,529,758Liabilities 2010: $23,499,758Net Assets 2010: $30,0002010Assets 2011: $24,548,919Liabilities 2011: $24,518,919Net Assets 2011: $30,0002011Assets 2012: $21,414,647Liabilities 2012: $21,384,647Net Assets 2012: $30,0002012Assets 2013: $28,950,554Liabilities 2013: $28,920,554Net Assets 2013: $30,0002013Assets 2014: $27,560,438Liabilities 2014: $27,530,438Net Assets 2014: $30,0002014Assets 2015: $27,185,505Liabilities 2015: $27,155,505Net Assets 2015: $30,0002015Assets 2016: $24,993,799Liabilities 2016: $24,963,799Net Assets 2016: $30,0002016Assets 2017: $26,697,799Liabilities 2017: $26,667,799Net Assets 2017: $30,0002017Assets 2018: $26,153,499Liabilities 2018: $26,123,499Net Assets 2018: $30,0002018Assets 2019: $23,586,497Liabilities 2019: $23,556,497Net Assets 2019: $30,0002019Assets 2020: $38,941,869Liabilities 2020: $38,911,869Net Assets 2020: $30,0002020Assets 2021: $39,359,657Liabilities 2021: $39,329,657Net Assets 2021: $30,0002021Assets 2022: $43,065,312Liabilities 2022: $43,035,312Net Assets 2022: $30,0002022Assets 2023: $43,306,144Liabilities 2023: $43,276,144Net Assets 2023: $30,0002023Assets 2024: $42,551,553Liabilities 2024: $42,521,553Net Assets 2024: $30,0002024

Highlighted filing

2024

Assets$42,551,553
Liabilities$42,521,553
Net Assets$30,000

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0Expenses 2010: $23,678,1642010Expenses 2011: $25,338,6442011Expenses 2012: $28,208,1282012Revenue 2013: $25,657,158Expenses 2013: $25,657,158Net Income 2013: $02013Revenue 2014: $24,296,956Expenses 2014: $24,296,956Net Income 2014: $02014Revenue 2015: $28,671,373Expenses 2015: $28,671,373Net Income 2015: $02015Revenue 2016: $34,469,022Expenses 2016: $34,469,022Net Income 2016: $02016Revenue 2017: $37,990,113Expenses 2017: $37,990,113Net Income 2017: $02017Revenue 2018: $43,312,413Expenses 2018: $43,312,413Net Income 2018: $02018Revenue 2019: $37,760,441Expenses 2019: $37,760,441Net Income 2019: $02019Revenue 2020: $37,576,927Expenses 2020: $37,576,927Net Income 2020: $02020Revenue 2021: $42,193,095Expenses 2021: $42,193,095Net Income 2021: $02021Revenue 2022: $43,619,059Expenses 2022: $43,619,059Net Income 2022: $02022Revenue 2023: $47,970,670Expenses 2023: $47,970,670Net Income 2023: $02023Revenue 2024: $52,123,812Expenses 2024: $52,123,812Net Income 2024: $02024

Highlighted filing

2024

Revenue$52,123,812
Expenses$52,123,812
Net Income$0

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$42.6$42.5$0.03$52.1$52.1$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.3$43.3$0.03$48.0$48.0$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.1$43.0$0.03$43.6$43.6$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.4$39.3$0.03$42.2$42.2$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.9$38.9$0.03$37.6$37.6$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.6$23.6$0.03$37.8$37.8$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.2$26.1$0.03$43.3$43.3$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.7$26.7$0.03$38.0$38.0$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.0$25.0$0.03$34.5$34.5$0.00
2015Detailed filing. Detailed filing data is available for this year.$27.2$27.2$0.03$28.7$28.7$0.00
2014Detailed filing. Detailed filing data is available for this year.$27.6$27.5$0.03$24.3$24.3$0.00
2013Detailed filing. Detailed filing data is available for this year.$29.0$28.9$0.03$25.7$25.7$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$21.4$0.03$28.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.5$24.5$0.03$25.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$23.5$0.03$23.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.2
Gross Receipts
$52,123,895
Mission and Program Overview

Mission

To improve the quality and availability of health care in the state of west virginia and to provide facilities, equipment and services to its members in order to carry out such purposes and to reduce and control the cost thereof. To provide emergency and non-emergency air and ground transportation, treatment and care to patients without distinction.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,049,147$21,749,866▼ $3,299,281
Accounts Receivable$13,510,007$13,593,684▲ $83,677
Prepaid Expenses and Deferred Charges$549,466$1,385,819▲ $836,353
Cash and Non-Interest-Bearing Accounts$614,398$605,052▼ $9,346
Inventories for Sale or Use$376,184$356,355▼ $19,829
Savings and Temporary Cash Investments$387,492$108,725▼ $278,767
Total Assets$43,306,144$42,551,553▼ $754,591
Other Assets Total$2,819,450$4,752,052▲ $1,932,602
Liabilities
Other Liabilities$15,485,146$15,778,547▲ $293,401
Tax Exempt Bond Liabilities$12,261,030$12,454,869▲ $193,839
Accounts Payable and Accrued Expenses$11,234,574$10,842,230▼ $392,344
Mortgage Notes Payable Secured by Investment Property$4,295,394$3,445,907▼ $849,487
Total Liabilities$43,276,144$42,521,553▼ $754,591
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$30,000$30,000→ $0
Total Net Assets Fund Balance$30,000$30,000→ $0
Total Liabilities and Net Assets / Fund Balance$43,306,144$42,551,553▼ $754,591

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,547,878$30,855,747$49,403,625
Buildings$1,427,410$678,344$2,105,754
Other Land Buildings$1,191,280-$1,191,280
Leasehold Improvements$583,298$149,566$732,864
Other Assets Org$3,658,200--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amanda HumphriesChief Medical OfficerFT$359,086$11,043$370,129
Clinton BurleyPresident & CEOFT$231,913$53,912$285,825
Brian DoughtyVP Business Operations/CFOFT$157,618$30,611$188,229
Matthew HandleyChief Operating OfficerFT$155,888$18,998$174,886
Russell HolbertFlight NurseFT$152,770$11,577$164,347
Bruce ChampFlight NurseFT$158,383$522$158,905
Marianne RichardsonFlight NurseFT$133,362$21,273$154,635
Christopher FrileyFlight NurseFT$133,139$15,746$148,885
Brandi McmullenFlight NurseFT$130,659$16,997$147,656

Board Members and Trustees

NameTitle
David RamseyChairman/camc President &
Paul SmithVice Chair/CHH President
David Monte WardCHH Sr. Vice Pre
Jeff SandeneSecretary/camc Executiv
Justin GibsonTreasurer/wvuh VP Finance
Chris GoodeWvuh VP Emergency Medicine

Highest Paid Contractors

ContractorServicesLocationCompensation
Air Methods LLCAviation ServicesPO BOX 172892, Denver, CO 80217-2892$17,698,841
Quick Med Claims LLCBilling ServicesPO BOX 5023, Greensburg, PA 15601$998,979
Revenue and Support

Revenue Composition

Contributions and Grants
$82,293
Program Service Revenue
$50,618,204
Investment Income
$-83
Other Revenue
$1,423,398
All Other Contributions
$59,000
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$57,537,540
Revenue Not Reported on Financial Statements
$-5,413,728
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-5,413,728
Total Revenue per Audited Statements
$57,537,540
Total Revenue per Form 990
$52,123,812
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,747,586
Salaries, Compensation, and Employee Benefits$25,376,226
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,281,295$2,664,966-$19,946,261
Fees for Services Other$19,097,656$78,297-$19,175,953
Depreciation Depletion$4,374,270$440,844-$4,815,114
Other Employee Benefits$2,956,937$457,835-$3,414,772
Payroll Taxes$1,373,496$211,808-$1,585,304
Insurance$1,294,281$221,499-$1,515,780
Occupancy$587,303$100,509-$687,812
Current Officers, Directors, Trustees, and Key Employees-$429,889-$429,889
Travel$356,485$61,008-$417,493
Interest$328,156$36,105-$364,261
Information Technology$299,167$51,198-$350,365
Office Expenses$243,356$41,647-$285,003
Advertising$104,676$17,914-$122,590
Fees for Services Legal$55,047$14,793-$69,840
Conferences and Meetings$43,321$7,414-$50,735
Fees for Services Accounting-$34,500-$34,500
Other Expenses$-5,413,728$158,089-$-5,413,728
Total Functional Expenses$47,095,497$5,028,315$0$52,123,812

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$57,537,540
Total Expenses per Audited Statements$57,537,540
Total Expenses per Form 990$52,123,812
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-5,413,728
Other Expense Adjustments$-5,413,728
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
Due to Members$14,778,436
Operating Lease Liabilities - Noncurrent$582,338
Operating Lease Liabilities - Current$417,773

Bond Issues

BondIssuerIssuedIssue PricePurpose
AWest Virginia Hospital Finance Authority2013-09-10$18,268,367TO LEASE TWO HELICOPTERS
CWest Virginia Hospital Finance Authority2020-11-23$8,000,000TO LEASE HELICOPTER
BWest Virginia Hospital Finance Authority2020-03-05$7,344,437TO LEASE HELICOPTER

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$18,268,367$8,497,804$18,268,367$93,617
C$8,000,000-$3,272,919$51,100
B$7,344,437-$3,274,884$60,853

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 6

Each member is required to support healthnet to the extent expenses exceed revenues, and if revenues exceed expenses, such excess is reimbursed to the members. The excess revenues or expenses due to (from) members are reported on part ix, line 21 as payments to or reimbursements (from) affiliates.

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

The members each have two representatives on the board of directors, which approves all significant decisions of the organization.

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

The review of the form 990 starts with the cfo reviewing the entire return with the ceo. After completion, but before filing, the cfo requests review from the finance committee. Once approved by the finance committee, the form 990 is shared with the entire board of directors.

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

All leaders within the organization are required to complete an annual disclosure statement that is reviewed by the ceo and cfo.

Form 990, Part VI, Section B, Line 15

Initially comparability data is used. Then a review by the chairman of the board and the treasurer, with final approval of the finance committee.

Form 990, Part VI, Section C, Line 19

The financial statements and governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Healthnet Aeromedical Services Inc
EIN
55-0681969
Phone
3043408000
Address
110 WYOMING ST, CHARLESTON, WV 25302

Signing Officer

Name
Clinton Burley
Title
President / CEO
Phone
3043408000
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clinton Burley
Formed
1987
Legal Domicile
Wv
Voting Board Members
7
Independent Board Members
0
Employees
332
Volunteers
0

Preparer

Firm
Gray Griffith & Mays Ac
Address
707 VIRGINIA STREETEASTSUITE 400, CHARLESTON, WV 25301-2711
Preparer
J Ryan Lindsay
Phone
3043459400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Billing services: program service expenses 1,327,035. Management and general expenses 63,313. Fundraising expenses 0. Total expenses 1,390,348. Payroll services: program service expenses 101,172. Management and general expenses 4,827. Fundraising expenses 0. Total expenses 105,999. Air methods: program service expenses 17,456,560. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,456,560. Ground services: program service expenses 39,932. Management and general expenses 1,905. Fundraising expenses 0. Total expenses 41,837. Other: program service expenses 172,957. Management and general expenses 8,252. Fundraising expenses 0. Total expenses 181,209.

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Reimbursements from members -5,413,728.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Reimbursements from members -5,413,728.

Raw XML AppendixShowing 400 of 958 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR/CHH PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt11FLIGHT NURSE
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IRS990/Form990PartVIISectionAGrp/TitleTxt13FLIGHT NURSE
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IRS990/MissionDesc0TO IMPROVE THE QUALITY AND AVAILABILITY OF HEALTH CARE IN THE STATE OF WEST VIRGINIA AND TO PROVIDE FACILITIES, EQUIPMENT AND SERVICES TO ITS MEMBERS IN ORDER TO CARRY OUT SUCH PURPOSES AND TO REDUCE AND CONTROL THE COST THEREOF. TO PROVIDE EMERGENCY AND NON-EMERGENCY AIR AND GROUND TRANSPORTATION, TREATMENT AND CARE TO PATIENTS WITHOUT DISTINCTION.
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CHARLESTON AREA MEDICAL CENTER INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1WEST VIRGINIA UNIVERSITY HOSPITAL
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