Lifeflight Of Maine Llc
Lifeflight Of Maine Llc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 10518516 · Bangor, ME · NTEE: M23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27.1M |
| Total Expenses | $20.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $28 |
| Net Assets | $28.7M |
| Transparency Score | 88/100 |
Is Lifeflight Of Maine Llc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lifeflight Of Maine Llc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lifeflight Of Maine Llc
Lifeflight Of Maine Llc (EIN: 10518516) is a nonprofit organization based in Bangor, ME, classified under NTEE code M23. The organization reported total revenue of $27.1M and total assets of $42.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lifeflight Of Maine Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lifeflight Of Maine Llc is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.3M |
| Total Expenses | $20.6M |
| Surplus / Deficit | +$7.7M |
| Total Assets | $41.7M |
| Total Liabilities | $13.0M |
| Net Assets | $28.7M |
| Operating Margin | 27.2% |
| Debt-to-Asset Ratio | 31.2% |
| Months of Reserves | 24.3 months |
Financial Health Grade: A
In 2023, Lifeflight Of Maine Llc reported a surplus of $7.7M with revenue exceeding expenses, holds 24.3 months of operating reserves (strong position), has a debt-to-asset ratio of 31.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lifeflight Of Maine Llc's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.1% | +10.7% | +14.7% |
| 2022 | +29.8% | +8.9% | +17.1% |
| 2021 | -17.2% | +7.7% | +20.5% |
| 2020 | +48.6% | +4.9% | +5.0% |
| 2019 | +1.0% | +6.2% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1600 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lifeflight Of Maine Llc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lifeflight Of Maine Llc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.2%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation across all available periods, suggesting that top leadership may be compensated through other means not categorized as 'officer compensation' on the 990, or that the organization operates with a volunteer executive structure, which is unusual for an organization of its size with $28 million in revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lifeflight Of Maine Llc's IRS 990 filings:
- 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
The following positive indicators were identified for Lifeflight Of Maine Llc:
- 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.
Frequently Asked Questions about Lifeflight Of Maine Llc
Is Lifeflight Of Maine Llc a legitimate charity?
Lifeflight Of Maine Llc (EIN: 10518516) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $27.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Lifeflight Of Maine Llc spend its money?
Lifeflight Of Maine Llc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lifeflight Of Maine Llc tax-deductible?
Lifeflight Of Maine Llc is registered as a tax-exempt nonprofit (EIN: 10518516). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lifeflight Of Maine Llc CEO make?
Lifeflight Of Maine Llc's highest-compensated officer earns $28 annually. The organization reported $27.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lifeflight Of Maine Llc's spending goes to programs?
Lifeflight Of Maine Llc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lifeflight Of Maine Llc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Lifeflight Of Maine Llc is above average for NTEE category M23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lifeflight Of Maine Llc located?
Lifeflight Of Maine Llc is headquartered in Bangor, Maine and files with the IRS under EIN 10518516. It is classified under NTEE code M23.
How many years of IRS 990 filings does Lifeflight Of Maine Llc have?
Lifeflight Of Maine Llc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $27.1M in total revenue.
How is executive leadership compensated if 'Officer Comp' is consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all 990 filings for an organization with over $28 million in revenue is unusual. This could indicate that executive leadership is compensated through a related entity, as employees rather than officers, or that the organization relies heavily on volunteer leadership. Further investigation into the organization's operational structure and compensation policies would be needed to clarify this.
What is the primary source of Lifeflight Of Maine Llc's significant revenue growth?
The filings show a substantial increase in revenue from $14,629,916 in 2019 to $28,301,551 in 2023. While the 990 summary doesn't detail specific revenue streams, this growth suggests increasing demand for services, successful fundraising efforts, or potentially new contracts/partnerships. Given its NTEE code (Ambulance & Emergency Medical Services), service fees and government contracts are likely significant contributors.
What is the organization's strategy for managing its growing liabilities?
Lifeflight Of Maine Llc's liabilities have fluctuated, reaching $16,015,689 in 2021 before decreasing to $12,989,841 in 2023. While assets have grown significantly faster than liabilities, understanding the nature of these liabilities (e.g., long-term debt, accounts payable) and the organization's repayment strategy is important for long-term financial stability, especially as the organization continues to expand.
Filing History
IRS 990 filing history for Lifeflight Of Maine Llc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lifeflight Of Maine Llc's revenue has grown by 234.5%, moving from $8.5M to $28.3M. Total assets increased by 318.6% over the same period, from $10.0M to $41.7M. Total functional expenses rose by 163.7%, from $7.8M to $20.6M. In its most recent filing year (2023), Lifeflight Of Maine Llc reported a surplus of $7.7M, with revenue exceeding expenses. The organization holds $13.0M in liabilities against $41.7M in assets (debt-to-asset ratio: 31.2%), resulting in net assets of $28.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28.3M | $20.6M | $41.7M | $13.0M | — | View 990 |
| 2022 | $23.4M | $18.6M | $36.3M | $11.5M | — | View 990 |
| 2021 | $18.0M | $17.1M | $31.0M | $16.0M | — | — |
| 2020 | $21.7M | $15.9M | $25.8M | $12.7M | — | — |
| 2019 | $14.6M | $15.1M | $24.5M | $13.8M | — | View 990 |
| 2018 | $14.5M | $14.2M | $24.7M | $12.9M | — | View 990 |
| 2017 | $11.0M | $11.6M | $25.8M | $13.7M | — | View 990 |
| 2016 | $13.0M | $10.0M | $18.1M | $7.1M | — | View 990 |
| 2015 | $9.0M | $8.7M | $16.1M | $7.4M | — | View 990 |
| 2014 | $9.9M | $9.9M | $10.1M | $5.6M | — | View 990 |
| 2013 | $8.1M | $8.6M | $9.1M | $5.6M | — | View 990 |
| 2012 | $9.1M | $8.6M | $10.3M | $6.2M | — | View 990 |
| 2011 | $8.5M | $7.8M | $10.0M | $6.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.3M, expenses of $20.6M, and assets of $41.7M (revenue +21.1% year-over-year).
- 2022: Revenue of $23.4M, expenses of $18.6M, and assets of $36.3M (revenue +29.8% year-over-year).
- 2021: Revenue of $18.0M, expenses of $17.1M, and assets of $31.0M (revenue -17.2% year-over-year).
- 2020: Revenue of $21.7M, expenses of $15.9M, and assets of $25.8M (revenue +48.6% year-over-year).
- 2019: Revenue of $14.6M, expenses of $15.1M, and assets of $24.5M (revenue +1.0% year-over-year).
- 2018: Revenue of $14.5M, expenses of $14.2M, and assets of $24.7M (revenue +31.6% year-over-year).
- 2017: Revenue of $11.0M, expenses of $11.6M, and assets of $25.8M (revenue -15.1% year-over-year).
- 2016: Revenue of $13.0M, expenses of $10.0M, and assets of $18.1M (revenue +43.3% year-over-year).
- 2015: Revenue of $9.0M, expenses of $8.7M, and assets of $16.1M (revenue -8.3% year-over-year).
- 2014: Revenue of $9.9M, expenses of $9.9M, and assets of $10.1M (revenue +22.5% year-over-year).
- 2013: Revenue of $8.1M, expenses of $8.6M, and assets of $9.1M (revenue -11.1% year-over-year).
- 2012: Revenue of $9.1M, expenses of $8.6M, and assets of $10.3M (revenue +7.0% year-over-year).
- 2011: Revenue of $8.5M, expenses of $7.8M, and assets of $10.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lifeflight Of Maine Llc:
Data Sources and Methodology
This transparency report for Lifeflight Of Maine Llc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.