Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Memphis Medical Center Air Ambulance Services Inc
EIN 62-1280261 • 501(c)3 • Memphis, TN
Profile
To establish, maintain, conduct, manage, own and operate an air ambulance service for the transportation and care of the sick, injured, disabled or diseased or other persons in need of such services.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
95th percentile
Higher net margin than 95% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
22nd percentile
Faster revenue growth than 22% of similar nonprofits.
Balance Sheet
Assets
Down$0
Down $4,235,180 (-100%) from 2023
Liabilities
Down$0
Down $59,350 (-100%) from 2023
Net Assets
Down$0
Down $4,175,830 (-100%) from 2023
Revenue
Down$200,570
Down $137,918 (-41%) from 2023
Expenses
Down$47,935
Down $47,627 (-50%) from 2023
Net Income
Down$152,635
Down $90,291 (-37%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $200,570
- Expenses
- $47,935
- Net income
- $152,635
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 17, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $200,570
Mission and Program Overview
Mission
To establish, maintain, conduct, manage, own and operate an air ambulance service for the transportation and care of the sick, injured, disabled or diseased or other persons in need of such services.
In 2021 memphis medical center air ambulance sold its assets and ceased its normal operating activities.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $4,221,312 | - | - |
| Accounts Receivable | $13,868 | - | - |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | - | - |
| Investments Program Related | $0 | - | - |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $4,235,180 | $0 | ▼ $4,235,180 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $59,350 | - | - |
| Other Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $59,350 | $0 | ▼ $59,350 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $4,175,830 | - | - |
| Total Net Assets Fund Balance | $4,175,830 | $0 | ▼ $4,175,830 |
| Total Liabilities and Net Assets / Fund Balance | $4,235,180 | $0 | ▼ $4,235,180 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Zach Chandler | President/chair |
| Dr Rudy Kink | VP/vice Chair |
| Brad Parsons | Board Member |
| Charles Lane | Board Member |
| James Proctor | Board Member |
| Joe Holly MD | Board Member |
| Martin Croce MD | Board Member |
| Monica Wharton | Board Member |
| John Butora | CEO |
| Allison vance | Secretary/treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $200,570
- Other Revenue
- $0
- Change in Net Assets
- $152,635
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $47,935 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Legal | - | $22,815 | - | $22,815 |
| Office Expenses | - | $16,038 | - | $16,038 |
| Fees for Services Accounting | - | $6,835 | - | $6,835 |
| Fees for Services Other | $0 | $2,247 | $0 | $2,247 |
| Total Functional Expenses | $0 | $47,935 | $0 | $47,935 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- No
- 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
- No
- Conflict-of-interest policy
- No
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Line 7A Members or stockholders electing members of governing body
“The following institutions shall have the right to elect, by action of its governing body, the following number of members of the board of directors of the organization: - baptist memorial healthcare: 3 - methodist healthcare-memphis hospitals: 3 - shelby co. Healthcare corporation: 3 - st. Francis hospital: 1 on or before december 1st of each calendar year, each institution shall notify the organization by writing addressed to the board of directors of the organization of the persons elected by such institution for a term to commence on the next following january 1st. Each member of the board of directors shall serve for a term one year and until his or her successor is duly elected and qualified.”
Form 990, Part VI, Line 11B Review of form 990 by governing body
“The form 990 was prepared by an independent accountant with assistance and oversight by management. Upon completion, a copy of the return was provided to each voting board member prior to filing with the irs.”
Form 990, Part VI, Line 15A Process to establish compensation of top management official
“The board of directors uses comparability data from organizations similar to the filing organization to determine appropriate compensation for the executive director/ceo. The board utilizes resources from its member organizations to gather ample data for the decision.”
Form 990, Part VI, Line 18 How forms are made available to the public
“Photocopies of the form 990 are available upon request at the organization's administrative office. Please see form 990, line 20. In addition, recent filings of the form 990 are available on the organization's website”
Form 990, Part VI, Line 19 Required documents available to the public
“Copies of the organization's financial statements are available upon request at the organization's administrative office. Please see form 990, part vi, line 20 for contact info. Governing documents and a conflict of interest policy are not available for public inspection.”
Filing and Contact Details
Filer
- Filer Name
- Memphis Medical Center Air Ambulance Services Inc
- EIN
- 62-1280261
- Phone
- 9015225321
- Address
- 1080 EASTMORELAND AVENUE, MEMPHIS, TN 38104
Signing Officer
- Name
- Rick Hetherington
- Title
- VP System Controller
- Phone
- 9015225321
- Signed
- 2025-11-17
- Discuss with paid preparer
- Yes
Organization Details
- Formed
- 1987
- Legal Domicile
- Tn
- Voting Board Members
- 9
- Independent Board Members
- 6
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- Forvis Mazars LLP
- Address
- 500 Ridgefield Court, Asheville, NC 28806
- Preparer
- Amy Bibby
- Phone
- 8282542254
Supplemental Narrative
Additional Explanations
Form 990, Part XI, Line 9 Other changes in net assets or fund balances
“Transfer of Equity - -4328465; Total - -4328465;”
Form 990, Part XII, Line 2C
“The process has not changed from the prior year.”
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| IRS990/MissionDesc | 0 | TO ESTABLISH, MAINTAIN, CONDUCT, MANAGE, OWN AND OPERATE AN AIR AMBULANCE SERVICE FOR THE TRANSPORTATION AND CARE OF THE SICK, INJURED, DISABLED OR DISEASED OR OTHER PERSONS IN NEED OF SUCH SERVICES. |
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| IRS990/PYInvestmentIncomeAmt | 0 | 181977 |
| IRS990/PYOtherExpensesAmt | 0 | 95562 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 156511 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 242926 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 95562 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 338488 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 1 | 620123940 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 1 | true |
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| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 3 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 1 | 3 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 2 | 3 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | SHELBY COUNTY HEALTH CARE CORPORA |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 1 | BAPTIST MEMORIAL HOSPITAL |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 2 | METHODIST HEALTHCAREMEMPHIS |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE FOLLOWING INSTITUTIONS SHALL HAVE THE RIGHT TO ELECT, BY ACTION OF ITS GOVERNING BODY, THE FOLLOWING NUMBER OF MEMBERS OF THE BOARD OF DIRECTORS OF THE ORGANIZATION: - BAPTIST MEMORIAL HEALTHCARE: 3 - METHODIST HEALTHCARE-MEMPHIS HOSPITALS: 3 - SHELBY CO. HEALTHCARE CORPORATION: 3 - ST. FRANCIS HOSPITAL: 1 ON OR BEFORE DECEMBER 1ST OF EACH CALENDAR YEAR, EACH INSTITUTION SHALL NOTIFY THE ORGANIZATION BY WRITING ADDRESSED TO THE BOARD OF DIRECTORS OF THE ORGANIZATION OF THE PERSONS ELECTED BY SUCH INSTITUTION FOR A TERM TO COMMENCE ON THE NEXT FOLLOWING JANUARY 1ST. EACH MEMBER OF THE BOARD OF DIRECTORS SHALL SERVE FOR A TERM ONE YEAR AND UNTIL HIS OR HER SUCCESSOR IS DULY ELECTED AND QUALIFIED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION, A COPY OF THE RETURN WAS PROVIDED TO EACH VOTING BOARD MEMBER PRIOR TO FILING WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD OF DIRECTORS USES COMPARABILITY DATA FROM ORGANIZATIONS SIMILAR TO THE FILING ORGANIZATION TO DETERMINE APPROPRIATE COMPENSATION FOR THE EXECUTIVE DIRECTOR/CEO. THE BOARD UTILIZES RESOURCES FROM ITS MEMBER ORGANIZATIONS TO GATHER AMPLE DATA FOR THE DECISION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | PHOTOCOPIES OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. PLEASE SEE FORM 990, LINE 20. IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | COPIES OF THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. PLEASE SEE FORM 990, PART VI, LINE 20 FOR CONTACT INFO. GOVERNING DOCUMENTS AND A CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE FOR PUBLIC INSPECTION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Transfer of Equity - -4328465; Total - -4328465; |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 7a Members or stockholders electing members of governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 11b Review of form 990 by governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 15a Process to establish compensation of top management official |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 18 How forms are made available to the public |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 19 Required documents available to the public |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part XI, Line 9 Other changes in net assets or fund balances |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part XII, Line 2c |
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| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | false |
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| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | true |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 1 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 2 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | NA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 1 | NA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 2 | METHODIST LE BONHEUR HEALTHCARE |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | SHELBY COUNTY HEALTH CARE CORPORATION |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 1 | BAPTIST MEMORIAL HOSPITAL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 2 | METHODIST HEALTHCARE-MEMPHIS HOSPITALS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 621113169 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 1 | 620123940 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 2 | 620479367 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(c)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 1 | 501(c)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 2 | 501(c)(3) |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 1 | HEALTHCARE |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 2 | HEALTHCARE |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | 7 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 1 | 3 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 2 | 3 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 877 JEFFERSON AVE |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 1 | 350 N HUMPHREYS BLVD |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 2 | 1265 UNION AVE |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | MEMPHIS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 1 | MEMPHIS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 2 | MEMPHIS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 1 | TN |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 2 | TN |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 38103 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 1 | 38120 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 2 | 38104 |
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| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | false |
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| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | true |
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| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | false |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | false |
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| IRS990/SignificantChangeInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 0 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 4235180 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
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| IRS990/TotalEmployeeCnt | 0 | 0 |
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| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 47935 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 47935 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 59350 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 59350 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 4175830 |
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