Is Lifeflight Of Maine Llc Legit?

Quick charity verification for Lifeflight Of Maine Llc (EIN: 10518516)

Verdict: Lifeflight Of Maine Llc appears trustworthy

88/100Mission Score

$27.1MRevenue

$42.6MAssets

1Red Flags

4Strengths

Red Flags

Consistent 0% officer compensation reported, which is unusual for an organization of this scale and could indicate a lack of transparency in executive compensation reporting or a complex organizational structure.

Strengths

Consistent and significant revenue growth, from $14.6M in 2019 to $28.3M in 2023, demonstrating increasing support and operational capacity.
Strong asset accumulation, with assets growing from $24.5M in 2019 to $41.7M in 2023, providing a solid financial foundation.
Expenses consistently lower than revenue in recent years (e.g., $20.6M expenses vs. $28.3M revenue in 2023), indicating efficient financial management and surplus generation.
Healthy asset-to-liability ratio, with assets significantly exceeding liabilities ($41.7M assets vs. $13.0M liabilities in 2023), suggesting good financial stability.

Spending Breakdown

How Lifeflight Of Maine Llc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Lifeflight Of Maine Llc

Is Lifeflight Of Maine Llc a legitimate charity?

Based on AI analysis of IRS 990 filings, Lifeflight Of Maine Llc (EIN: 10518516) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.

Is Lifeflight Of Maine Llc a good charity to donate to?

Lifeflight Of Maine Llc has a Mission Score of 88/100. Revenue: $27.1M. Assets: $42.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Lifeflight Of Maine Llc?

The Employer Identification Number (EIN) for Lifeflight Of Maine Llc is 10518516. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Lifeflight Of Maine Llc spend its money?

Lifeflight Of Maine Llc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Lifeflight Of Maine Llc's tax-exempt status?

You can verify Lifeflight Of Maine Llc's tax-exempt status using EIN 10518516 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Lifeflight Of Maine Llc demonstrates strong financial health and a clear commitment to its program services. Over the past five years, the organization has consistently increased its revenue, from $14,629,916 in 2019 to $28,301,551 in 2023, indicating growing support and operational capacity. Its assets have also grown significantly, reaching $41,693,593 in 2023, which provides a solid financial foundation for its mission. The organization's liabilities, while present, are well-managed relative to its assets, suggesting good fiscal stewardship.

Spending efficiency appears robust, with expenses consistently lower than revenue in recent years, allowing for asset growth. For example, in 2023, expenses were $20,591,367 against revenues of $28,301,551. The NTEE code M23 (Ambulance & Emergency Medical Services) suggests a direct service delivery model, which typically involves high program costs. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a different operational model or compensation structure not captured in this specific field, or a highly volunteer-driven leadership.

Transparency is generally good through its consistent 990 filings. The consistent growth in assets and revenue, coupled with controlled expenses, paints a picture of a well-managed and financially stable organization focused on its mission. The lack of reported officer compensation, while potentially positive, could warrant further inquiry into how leadership is compensated or structured to fully understand its transparency in this area.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.