Healthnet Aeromedical Services Inc
- Assets
- $39.4m
- Revenue
- $42.2m
- Investments
- $0.0
- Employees
- 356
- Location
- Charleston, WV
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 55-0681969
Organization Overview
Healthnet Aeromedical Services Inc is located in Charleston, WV. The organization was established in 1997. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. As of 12/2021, Healthnet Aeromedical Services Inc employed 356 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthnet Aeromedical Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Healthnet Aeromedical Services Inc generated $42.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $42.2m during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED APPROXIMATELY 4,965 FLIGHTS AND 24,045 GROUND TRANSPORTS FOR PATIENTS REQUIRING EMERGENCY TRANSPORTATION TO RECEIVE APPROPRIATE TREATMENT AND CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clinton Burley President & CEO | OfficerTrustee | 50 | $250,394 |
Brian Doughty VP Business Operations/cfo | Officer | 50 | $169,423 |
Matthew Handley VP Of Clinical Operations | 50 | $162,839 | |
Leslie Peterson Medical Director | 45 | $155,022 | |
Clifford Fordyce III Flight Team Leader | 40 | $124,906 | |
Ronald Dotson Flight Nurse | 40 | $123,993 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quick Med Claims Llc Billing Services | 12/30/21 | $1,232,408 |
Air Methods Corp Aviation Services | 12/30/21 | $13,676,380 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,130 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,630 |
| Total Program Service Revenue | $41,402,899 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,717 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,193,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $419,816 |
| Compensation of current officers, directors, key employees. | $419,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,022,666 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,972,435 |
| Payroll taxes | $1,258,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,661 |
| Fees for services: Accounting | $25,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,475,767 |
| Advertising and promotion | $60,262 |
| Office expenses | $238,560 |
| Information technology | $221,185 |
| Royalties | $0 |
| Occupancy | $626,367 |
| Travel | $322,855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,236 |
| Interest | $387,797 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,575,029 |
| Insurance | $1,504,758 |
| All other expenses | $0 |
| Total functional expenses | $42,193,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,786 |
| Savings and temporary cash investments | $291,162 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,918,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $202,420 |
| Prepaid expenses and deferred charges | $551,441 |
| Net Land, buildings, and equipment | $25,908,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $152,691 |
| Total assets | $39,359,657 |
| Accounts payable and accrued expenses | $5,864,294 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $15,476,812 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,771,918 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,216,633 |
| Total liabilities | $39,329,657 |
| Net assets without donor restrictions | $30,000 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,359,657 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthnet Aeromedical Services Inc Charleston, WV | $39,359,657 | $42,193,095 |
Cems Of Ohio Inc Columbus, OH | $19,301,146 | $21,425,319 |
Emergycare Inc Erie, PA | $12,913,982 | $18,661,997 |
Community Care Ambulance Network Ashtabula, OH | $8,251,226 | $16,332,903 |
Lancaster Emergency Medical Services Association Millersville, PA | $17,157,525 | $16,491,001 |
Cetronia Ambulance Corps Inc Allentown, PA | $17,214,906 | $14,241,265 |
Lifestar Allentown, PA | $3,348,857 | $7,246,772 |
Nonprofit Emergency Services Of Beaver County Beaver, PA | $8,074,829 | $9,611,142 |
Suburban Emergency Medical Services Palmer, PA | $8,243,365 | $11,085,285 |
Sandy Valley Transportation Services Inc Prestonsburg, KY | $8,772,616 | $10,534,380 |
Monongalia Emergency Medical Services Inc Morgantown, WV | $4,567,760 | $10,479,493 |
Fayette Emergency Medical Services Connellsville, PA | $5,644,365 | $8,761,646 |