Life Flight Network Foundation: FY2022 Nonprofit Profile & Form 990 (EIN 27-0294759)

Revenue by fiscal year
FY2021	$13.3M
FY2022	$14.0M
FY2023	$15.6M
FY2024	$16.6M
FY2025	$17.7M
FY2026	$18.9M

Expenses by fiscal year
FY2021	$9.8M
FY2022	$12.1M
FY2023	$11.5M
FY2024	$22.5M
FY2025	$12.9M
FY2026	$14.1M

Net assets by fiscal year
FY2021	$7.2M
FY2022	$7.6M
FY2023	$11.3M
FY2024	$6.2M
FY2025	$11.7M
FY2026	$16.4M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Sep 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

97%

Program services 97% · $11.8M Management & general 3% · $318K Fundraising 0% · $16K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII

Tom Lorish

Board Chair

$0Pt VII · Sec A

Lannie Checketts

Board Treasurer

$0Pt VII · Sec A

Sarah Jensen

Board Member

$0Pt VII · Sec A

Joe Ness

Board Member

$0Pt VII · Sec A

Jennifer Doll

Board Member

$0Pt VII · Sec A

Amy Chaumeton

Board Member

$0Pt VII · Sec A

Mike Barsotti

Board Member

$0Pt VII · Sec A

David McFayden

Board Member

$0Pt VII · Sec A

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports training, outreach, and transport for Life Flight Network.

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Provided by the organization

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3 programs · $11.8M · in their own filed words · FY2021

01

Funding to life flight network to cover costs of emergency medical transportation provided to patients who are members. Payment covers the remaining charges after any insurance payments for these transports.

$8.5Mprogram expense

02

Funding to life flight network to cover costs of emergency medical transport via life flight for patients qualified for charity care.

$2.0Mprogram expense

03

General support for life flight network air transport services including support for annual firemed and medix ambulance joint public education drives.

$1.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

S Spencer Scott Fund INCFY2024$500

Total grants receivedfrom 1 funder$500

Grants paid · 6 grants · $67.6M · 2020–2025

Life Flight Network LLCFY2025$10,431,065

Life Flight Network LLCFY2024$9,774,969

Life Flight Network LLCFY2023$19,886,789

Life Flight Network LLCFY2022$9,311,013

Life Flight Network LLCFY2021$10,495,236

Life Flight Network LLCFY2020$7,703,252

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$14.0M

Ln 12

Fees for servicesLn 2g$13.7M

Investment incomeLn 3$263K

Gifts and grantsLn 1h$39K

Money outPt IX

$12.1M

Ln 25

Programscol B$11.8M

Managementcol C$318K

Fundraisingcol D$16K

Owns and owesPt X

$7.6M

net assets · Ln 32

Cash and savingsLn 1–2$1.9M

Total assetsLn 16$27.8M

LiabilitiesLn 26$20.1M

PeoplePt VI, VII

11

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$39K

Fees for servicesLn 2g$13.7M

Investment incomeLn 3$263K

Total revenueLn 12$14.0M

Assets in detailPt X, end of year

CashLn 1$264K

SavingsLn 2$1.7M

Cash and savings togetherLn 1–2$1.9M

InvestmentsLn 11–13$25.5M

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$236K

Total assetsLn 16$27.8M

LiabilitiesLn 26$20.1M

Net assetsLn 32$7.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 69

Fiscal year endsHeaderMarch

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$4.1M	$1.9M
InvestmentsLn 11–13	$18.7M	$25.5M
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$23.0M	$27.8M
LiabilitiesLn 26	$15.8M	$20.1M
Net assetsLn 32	$7.2M	$7.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$10.5M	$10.5M
Other salaries and wagesLn 7	$727K	$574K	$145K	$7K
Payroll taxesLn 10	$70K	$55K	$14K	$701
Management feesLn 11a	$120K	$95K	$24K	$1K
Advertising and promotionLn 12	$29K	$23K	$6K	$289
Office expensesLn 13	$336K	$265K	$67K	$3K
Information technologyLn 14	$6K	$5K	$1K	$65
TravelLn 17	$636	$503	$127	$6
Other expenses (24a–d)Ln 24	$302K	$239K	$60K	$3K
Total functional expensesLn 25	$12.1M	$11.8M	$318K	$16K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2026 Latest	$18.9M	$14.1M	$4.8M	$16.4M	990 PDF
FY2025	$17.7M	$12.9M	$4.8M	$11.7M	990 PDF
FY2024	$16.6M	$22.5M	−$5.9M	$6.2M	990 PDF
FY2023	$15.6M	$11.5M	$4.1M	$11.3M	990 PDF
FY2022 Viewing	$14.0M	$12.1M	$1.9M	$7.6M	990 PDF
FY2021	$13.3M	$9.8M	$3.5M	$7.2M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2022 990 (6 parts)

Part I · Summary $13,971,410 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $85,200$39,079

I-9 Program service revenuePrior year $12,924,346$13,669,059

I-10 Investment incomePrior year $307,531$263,272

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $13,317,077$13,971,410

I-13 Grants and similar amounts paidPrior year $8,235,349$10,495,236

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $695,354$796,824

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $872,201$794,029

I-18 Total expensesPrior year $9,802,904$12,086,089

I-19 Revenue less expensesPrior year $3,514,173$1,885,321

Part VI · Governance 8 of 8 board members independent, 3 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $13,971,410 across 5 lines filed

VIII-1f All other contributions, gifts and grants$39,079

VIII-1h Total contributions, gifts and grants$39,079

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,669,059$13,669,059

VIII-3 Investment incomeExcluded from tax $263,272$263,272

VIII-12 Total revenueRelated to mission $13,669,059 · Unrelated business $0 · Excluded from tax $263,272$13,971,410

Part IX · Statement of functional expenses $12,086,089 across 9 lines filed

IX-1 Grants to domestic organizationsPrograms $10,495,236$10,495,236

IX-7 Other salaries and wagesPrograms $574,146 · Management $145,353 · Fundraising $7,268$726,767

IX-10 Payroll taxesPrograms $55,345 · Management $14,011 · Fundraising $701$70,057

IX-11a Management feesPrograms $94,922 · Management $24,031 · Fundraising $1,202$120,155

IX-12 Advertising and promotionPrograms $22,826 · Management $5,779 · Fundraising $289$28,894

IX-13 Office expensesPrograms $265,235 · Management $67,148 · Fundraising $3,358$335,741

IX-14 Information technologyPrograms $5,119 · Management $1,296 · Fundraising $65$6,480

IX-17 TravelPrograms $503 · Management $127 · Fundraising $6$636

IX-24 Other expenses (24a–d)Programs $238,677 · Management $60,425 · Fundraising $3,021$302,123

IX-25 Total functional expensesPrograms $11,752,009 · Management $318,170 · Fundraising $15,910$12,086,089

Part X · Balance sheet $27,756,758 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $904,523$264,058

X-2 Savings and temporary cash investmentsStart of year $3,186,874$1,676,112

X-9 Prepaid expenses and deferred chargesStart of year $23,364$73,920

X-10c Land, buildings and equipment, netStart of year $0$0

X-11 Publicly traded securitiesStart of year $18,684,350$25,507,069

X-15 Other assetsStart of year $171,287$235,599

X-16 Total assetsStart of year $22,970,398$27,756,758

X-17 Accounts payable and accrued expensesStart of year $148,447$257,743

X-19 Deferred revenueStart of year $11,861,686$13,762,342

X-25 Other liabilitiesStart of year $3,773,977$6,090,866

X-26 Total liabilitiesStart of year $15,784,110$20,110,951

X-27 Net assets without donor restrictionsStart of year $7,186,288$7,645,807

X-32 Total net assets or fund balancesStart of year $7,186,288$7,645,807

X-33 Total liabilities and net assetsStart of year $22,970,398$27,756,758

Part XI · Reconciliation of net assets $7,645,807 net assets at year end

XI-1 Total revenue$13,971,410

XI-2 Total expenses$12,086,089

XI-3 Revenue less expenses$1,885,321

XI-4 Net assets at start of year$7,186,288

XI-5 Net unrealized gains (losses) on investments−$1,425,802

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$7,645,807

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Life Flight Network Foundation FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Life Flight Network Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

Life Flight Network Foundation FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Life Flight Network Foundation

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV