2023-10-02T07:53:48-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-01-01 411518013 CRITICAL CARE SERVICES INC CRIT 6126384900 8009 34TH AVENUE SOUTH 1300 BLOOMINGTON MN 55425 ROBERT SANNERUD CFO 6126384900 2023-09-28 1 ROBERT SANNERUD 999009999 0 MACKENZIE MCNAUGHTON P02025805 6123764500 2023-09-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LIFE LINK III JOSHUA HOWELL 8009 34TH AVENUE SOUTH 1300 BLOOMINGTON MN 55425 67515969 0 X WWW.LIFELINKIII.COM X 1985 MN TO PROVIDE SAFE AND EFFECTIVE MEDICAL CARE AND TRANSPORTATION SERVICES FOR PATIENTS. 15 13 341 24 -90971 0 3058440 151256 55878040 58783241 1776170 183226 990611 1196207 61703261 60313930 0 0 0 0 33554735 35799861 0 0 0 21234903 23880093 54789638 59679954 6913623 633976 91145525 96972913 38497048 45835157 52648477 51137756 X THE MISSION OF LIFE LINK III IS SAFE AND EFFECTIVE AIR MEDICAL TRANSPORT. WE ACCOMPLISH THIS BY SETTING, HOLDING, AND ENHANCING THE STANDARD FOR EXCELLENCE IN PATIENT CARE, TRANSPORTATION, AND INDUSTRY LEADERSHIP. 0 0 45983616 0 49610036 ROTOR WING SERVICESPROVIDES AIR TRANSPORTATION OF PATIENTS REQUIRING CRITICAL CARE AND EMERGENCY MEDICAL CARE IN HELICOPTERS CONFIGURED FOR MOBILE INTENSIVE CARE. 3,258 TRANSPORTS IN 2022. LIFE LINK III PROVIDES HELICOPTER AIR MEDICAL TRANSPORTATION INCLUDING ON-SCENE EMERGENCY RESPONSE AND INTER-FACILITY TRANSPORT 24 HOURS A DAY, 365 DAYS PER YEAR. WITH HELICOPTER BASES THROUGH MINNESOTA AND WISCONSIN, LIFE LINK III TRANSPORTS ALL TYPES OF CRITICALLY ILL OR INJURED PATIENTS. 4404503 0 5613625 FIXED WING SERVICESPROVIDES AIR TRANSPORTATION OF PATIENTS REQUIRING CRITICAL CARE AND EMERGENCY MEDICAL CARE IN FIXED WING AIRCRAFT CONFIGURED FOR MOBILE INTENSIVE CARE. 311 TRANSPORTS IN 2022. LIFE LINK III PROVIDES AIRPLANE AMBULANCE TRANSPORTATION THROUGHOUT THE UNITED STATES 24 HOURS A DAY, 365 DAYS PER YEAR. LIFE LINK III HAS A DEDICATED, MEDICALLY-CONFIGURED AIRPLANE READY AT ALL TIMES AND HAS ACCESS TO A FLEET OF OTHER AIRCRAFT FOR ADDITIONAL SUPPORT TO TRANSPORT ALL TYPES OF CRITICALLY ILL OR INJURED PATIENTS. 0 0 0 COMMUNITY EDUCATION AND SAFETYLIFE LINK III'S AIRPLANE AND HELICOPTER TRANSPORTATION SERVICES ARE ACCREDITED BY THE COMMISSION ON ACCREDITATION OF MEDICAL TRANSPORT SYSTEMS (CAMTS), WHICH REFLECTS THE ORGANIZATION'S COMMITMENT TO MEETING OR EXCEEDING THE HIGHEST STANDARDS OF PATIENT CARE, QUALITY, AND SAFETY. LIFE LINK III IS ONE OF ONLY 60 MEDICAL TRANSPORTATION SERVICES NATIONALLY AND INTERNATIONALLY THAT ARE CAMTS ACCREDITS FOR THE TWO MODES OF CRITICAL CARE AIR MEDICAL TRANSPORTATION: ROTOR WING AND FIXED WING. LIFE LINK III SUCCESSFULLY COMPLETED THE REACCREDITATION PROCESS IN MARCH 2022 THAT EXTENDED ACCREDITATION THROUGH MARCH 2025.LIFE LINK III PROVIDES OUTREACH EDUCATION AND TRAINING TO PRE-HOSPITAL AND HOSPITAL-BASED HEALTHCARE PROVIDERS COVERING SUCH TOPICS AS HELICOPTER LANDING ZONE SET UP, SCENE SAFETY, PATIENT TRANSPORT PREPARATION AND OTHER PATIENT CARE TOPICS. LIFE LINK III ACTIVELY PARTICIPATES WITH THE COMMUNITIES IT SERVES, INCLUDING PUBLIC, INFORMATIONAL, SCHOOL, INJURY PREVENTION, AND COMMUNITY EVENTS. IN 2022 THE ORGANIZATION DONATED CLINICIAN, PILOT, AND AIRCRAFT TIME FOR 363 SEPARATE COMMUNITY AND HEALTHCARE RELATED EVENTS AND TRAININGS WITH MORE THAN 32,000 ESTIMATED ATTENDEES. THE 136 OUTREACH EDUCATION PROGRAMS TRAINED 4,662 EMS AND COMMUNITY BASED MEDICAL AND FIRST RESPONDERS.IN ADDITION TO THE COMMUNITY AND HEALTHCARE-RELATED EDUCATION AND SAFETY EVENTS, LIFE LINK III CONTINUES TO SEEK NEW CHANNELS FOR DELIVERING EDUCATION TO EMERGENCY SERVICE, FIRST RESPONDER, AND HEALTHCARE PERSONNEL FROM MINNESOTA, WISCONSIN, AND SURROUNDING STATES. LIFE LINK III PROVIDES HIGH QUALITY CONTINUING EDUCATION WITH EXCEPTIONAL SPEAKERS AND SPECIAL GUESTS THROUGH BOTH ITS CLINICAL EDUCATIONAL PROGRAM AND LINKED EVENTS, A REGIONAL EDUCATIONAL SERIES THAT BRINGS EDUCATION TO THE REGION WITH THE GOAL OF ENHANCING SKILLS AND DEMONSTRATING TRANSPORT BEST PRACTICES FOR PROVIDERS OF ALL LEVELS, FROM RESCUE AND PRE-HOSPITAL SITUATIONS TO TRANSPORT AND IN-HOSPITAL TREATMENT. 0 0 0 FINANCIAL ASSISTANCELIFE LINK III MAINTAINS A FINANCIAL ASSISTANCE PROGRAM CALLED COMMUNITY CARE. THIS PROGRAM PROVIDES CARE FOR THOSE WHO ARE UNINSURED OR UNABLE TO AFFORD THE COST OF SERVICES. WE MAINTAIN RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE UNDER THIS PROGRAM. APPLICANTS FOR OUR CHARITY CARE PROGRAM ARE REQUESTED TO PROVIDE CURRENT AND PRIOR YEAR INCOME INFORMATION. WE USE INCOME-BASED CRITERIA IN OUR DETERMINATIONS OF CHARITY CARE AND USE 300% OF THE FEDERAL POVERTY GUIDELINES ESTABLISHED BY THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES IN DETERMINING ELIGIBILITY. IN 2022 THE COST OF PROVIDING CARE TO PATIENTS UNDER THIS PROGRAM WAS $1,051,428. LIFE LINK III PARTICIPATES IN GOVERNMENT PROGRAMS AND IS COMMITTED TO SERVING ALL PERSONS IN NEED REGARDLESS OF RACE, CREED, SEX, NATIONALITY, RELIGION, DISABILITY, AGE, OR ABILITY TO PAY. TO PROMOTE ACCESS TO ALL INDIVIDUALS, LIFE LINK III PARTICIPATES IN THE FOLLOWING PUBLIC HEALTHCARE PROGRAMS: MEDICARE, MEDICAID (PRIMARILY MINNESOTA AND WISCONSIN), MINNESOTACARE, BADGERCARE, AND OTHER GENERAL ASSISTANCE PROGRAMS. PAYMENTS FROM THESE PROGRAMS FREQUENTLY DO NOT COVER THE COSTS LIFE LINK III INCURS TO SERVE PROGRAM BENEFICIARIES. IN 2022 THE COST OF HEALTHCARE SERVICES PROVIDED BY LIFE LINK III WAS $8,511,048 IN EXCESS OF THE REIMBURSEMENT RECEIVED FROM PUBLIC PROGRAMS. 0 0 0 PATIENT RECEIVABLES AND CREDIT POLICYPATIENT ACCOUNTS RECEIVABLE ARE UNCOLLATERALIZED PATIENT OBLIGATIONS THAT ARE STATED AT THE AMOUNT MANAGEMENT EXPECTS TO COLLECT FROM OUTSTANDING BALANCES. THESE OBLIGATIONS ARE PRIMARILY FROM LOCAL RESIDENTS, MOST OF WHOM ARE INSURED UNDER THIRD-PARTY PAYERS ON THE PATIENTS' BEHALF. OR, IF THE PATIENT IS UNINSURED, THE PATIENT RECEIVES AN AUTOMATIC DISCOUNT EQUAL TO THE DISCOUNT GIVEN THE ORGANIZATIONS LARGEST THIRD PARTY PAYER, THEN THAT PATIENT IS BILLED DIRECTLY. ONCE CLAIMS ARE SETTLED WITH THE PRIMARY PAYER, ANY SECONDARY INSURANCE IS BILLED AND PATIENTS ARE BILLED ONLY FOR COPAY AND DEDUCTIBLE AMOUNTS THAT ARE THE PATIENTS' RESPONSIBILITY. LIFE LINK III SUPPORTS AND FOLLOWS THE NO SURPRISES ACT (NSA) PATIENT BILLING GUIDELINES. PAYMENTS ON PATIENT ACCOUNTS RECEIVABLE ARE APPLIED TO THE SPECIFIC CLAIM IDENTIFIED ON THE REMITTANCE ADVICE OR STATEMENT. LIFE LINK III DOES NOT HAVE A POLICY TO CHARGE INTEREST ON PAST DUE ACCOUNTS.PATIENT ACCOUNTS RECEIVABLE ARE REDUCED BY AN ALLOWANCE FOR DOUBTFUL ACCOUNTS. IN EVALUATING THE COLLECTABILITY OF PATIENT ACCOUNTS RECEIVABLE, THE ORGANIZATION ANALYZES ITS COLLECTION HISTORY AND IDENTIFIES TRENDS FOR EACH OF ITS MAJOR PAYOR SOURCES OF REVENUE TO ESTIMATE THE APPROPRIATE ALLOWANCE FOR DOUBTFUL ACCOUNTS AND PROVISION FOR BAD DEBTS.MANAGEMENT REGULARLY REVISES DATA ABOUT THESE MAJOR PAYOR SOURCES OF REVENUE IN EVALUATION THE SUFFICIENCY OF THE ALLOWANCE FOR DOUBTFUL ACCOUNTS. FOR RECEIVABLES ASSOCIATED WITH SERVICES PROVIDED TO PATIENTS WHO HAVE THIRD PARTY COVERAGE, THE ORGANIZATION ANALYZES CONTRACTUALLY DUE AMOUNTS AND PROVIDES AN ALLOWANCE FOR DOUBTFUL ACCOUNTS, A PROVISION FOR BAD DEBT, AND CHARITY CARE. FOR RECEIVABLES ASSOCIATED WITH SELF-PAY PATIENTS (WHICH INCLUDES BOTH PATIENTS WITHOUT INSURANCE AND PATIENTS WITH DEDUCTIBLE AND COPAYMENT BALANCES DUE FOR WHICH THIRD PARTY COVERAGE EXISTS FOR PART OF THE BILL), THE ORGANIZATION RECORDS A SIGNIFICANT PROVISION FOR BAD DEBT IN THE PERIOD OF SERVICE ON THE BASIS OF ITS PAST EXPERIENCE, WHICH INDICATES THAT MANY PATIENTS ARE UNABLE OR UNWILLING TO PAY THE PORTION OF THEIR BILL FOR WHICH THEY ARE FINANCIALLY RESPONSIBLE. THE DIFFERENCE BETWEEN THE STANDARD RATES (OR DISCOUNTED RATES IF NEGOTIATED) AND THE AMOUNTS ACTUALLY COLLECTED AFTER ALL REASONABLE COLLECTIONS EFFORTS HAVE BEEN EXHAUSTED IS CHARGED OFF AGAINST THE ALLOWANCE FOR DOUBTFUL ACCOUNTS. IN 2022 THESE BAD DEBTS TOTALED $3,559,579.PATIENT ACCOUNTS RECEIVABLE IS RECORDED IN THE ACCOMPANYING BALANCE SHEET NET OF CONTRACTUAL ADJUSTMENTS AND AN ALLOWANCE FOR DOUBTFUL ACCOUNTS.IT IS UNKNOWN HOW MUCH BAD DEBT EXPENSE, IF ANY, REASONABLY COULD BE ATTRIBUTABLE TO PERSONS WHO LIKELY WOULD QUALIFY FOR FINANCIAL ASSISTANCE UNDER OUR COMMUNITY CARE PROGRAM. 0 0 0 50388119 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 39 0 341 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 13 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 MN X ROBERT SANNERUD 6126384900 8009 34TH AVENUE SOUTH SUITE 1300 BLOOMINGTON MN 55425 JOSHUA HOWELL PRESIDENT/CEO 40.00 X X 352884 0 58582 KOLBY KOLBET CHIEF CLINICAL OFFICER 40.00 X 286441 0 44258 JOE HELLIE CHAIR 2.00 X X 0 0 0 ERIC LOHN MBA FHFMA VICE CHAIR 2.00 X X 0 0 0 KELLY SPRATT SECRETARY/TREASURER 2.00 X X 0 0 0 PATTY ALLEN DIRECTOR 1.00 X 0 0 0 BOB BEACHER RPH DIRECTOR 1.00 X 0 0 0 KEVIN BOREN DIRECTOR 1.00 X 0 0 0 BRET HAAKE MD DIRECTOR 1.00 X 0 0 0 BRIAN HOERNEMAN MD DIRECTOR 1.00 X 0 0 0 DERRICK HOLLINGS DIRECTOR 1.00 X 0 0 0 JIM LESTE MS CHSP DIRECTOR 1.00 X 0 0 0 BJORN PETERSON MD FACEP FAEMS DIRECTOR 1.00 X 0 0 0 STEVE STERNER MD DIRECTOR 1.00 X 0 0 0 RJ FRASCONE MD DIRECTOR 1.00 X 0 0 0 EMILY BLOMBERG DIRECTOR (THROUGH FEB 22) 1.00 X 0 0 0 GORDON EDWARDS DIRECTOR (THROUGH AUG 22) 1.00 X 0 0 0 ANDREW BAGNELL DIRECTOR (THROUGH AUG 22) 2.00 X 0 0 0 ROBERT A SANNERUD CHIEF FINANCIAL OFFICER 40.00 X 330105 0 63485 CATHY RICHARDS CHIEF ADMINISTRATIVE OFFICER 40.00 X 269394 0 65120 GREGORY THINGVOLD VP OPERATIONS 40.00 X 223239 0 40123 MATHEW NELSON DIRECTOR, OPERATIONS 40.00 X 204705 0 37967 ALLEN WOLFE JR SR DIRECTOR, CLINICAL EDUCATION 40.00 X 184064 0 47324 LISA KNIPPING DIRECTOR, FINANCE 40.00 X 182407 0 56355 KEVIN RIXMANN BASE LEAD 40.00 X 199104 0 34638 CAROLYN INDIA-BLACK EXECUTIVE DIRECTOR ADMIN SERVICES 40.00 X 199962 0 40391 2432305 0 488243 119 0 1 0 K&E CONSULTING 1541 OAKVIEW COURT LINO LAKES MN 55038 IT SUPPORT 349941 FAEGRE DRINKER 90 S 7TH STREET SUITE 2200 MINNEAPOLIS MN 55402 LEGAL SERVICES 156538 MULCHATNA CONSULTING 11935 WATERFORD ROAD EDIN PRAIRIE MN 55347 CONSULTING 142561 FULTON ANALYTICS 1960 CLIFF LAKE ROAD SUITE 129-132 EAGAN MN 55122 SOFTWARE SUPPORT 134400 4 142725 8531 151256 ROTOR WING SERVICE 621910 52826919 52826919 FIXED WING SERVICE 621910 5956322 5956322 58783241 499158 499158 8230 8230 0 6877877 7183082 10727 -305205 -10727 -315932 -315932 ADMINISTRATIVE SERVICES 561000 718067 718067 MISCELLANEOUS INCOME 900099 569111 569111 INVESTMENT IN FLIGHTBRIDGEED LLC 523000 -90971 -90971 1196207 60313930 58783241 -90971 1470404 1733631 1733631 28562454 25205803 3356651 878930 878930 2435992 2057892 378100 2188854 1806454 382400 120105 2461 117644 47519 47519 41637 41637 1345587 483832 861755 263082 158765 104317 480464 354878 125586 895272 6396 888876 1274069 1122033 152036 3539917 3306950 232967 384830 72736 312094 459171 459171 3693175 3637381 55794 1427857 1066113 361744 BAD DEBT EXPNSE 3559579 3559579 REPAIRS AND MAINTENANCE 3034594 2962427 72167 AIRCRAFT RENT 1787759 1750480 37279 MISCELLANEOUS 925505 849385 76120 599971 598934 1037 59679954 50388119 9291835 0 3178118 731743 9938705 11164504 870615 1132122 1413423 3295457 2073329 2286138 85565402 21522145 57832427 64043257 11560176 10072461 2473209 1700523 1698138 105000 2549093 91145525 96972913 3222330 4924844 4189397 3250132 28588017 34103849 2497304 3556332 38497048 45835157 X 52648477 51132756 5000 52648477 51137756 91145525 96972913 X 633976 -1471488 -673209 X 0 1 X 1 0 X 546634 3058440 151256 3756330 36638671 43427345 48750173 55878040 58783241 243477470 36638671 43427345 49296807 58936480 58934497 247233800 0 0 0 247233800 525631 566683 543381 422305 507388 2565388 525631 566683 543381 422305 507388 2565388 1695 69615 495382 1387638 1287178 3241508 37165997 44063643 50335570 60746423 60729063 253040696 0.97710 0.98020 0.01010 0.01120 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME ADMINISTRATIVE SERVICES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 12182 12182 0 PART II-B, LINE 1: LIFE LINK III DOES NOT DIRECTLY ENGAGE IN ANY LOBBYING ACTIVITIES. A PERCENTAGE OF MEMBERSHIP DUES PAID TO THE ASSOCIATION OF AIR MEDICAL SERVICES, MINNESOTA AMBULANCE ASSOCIATION, ASSOCIATION FOR CRITICAL CARE TRANSPORT, AND HELICOPTER ASSOCIATION INTERNATIONAL ARE USED BY THOSE ORGANIZATIONS TO LOBBY ON BEHALF OF THEIR MEMBERS. 1548235 903636 644599 62875255 20618509 42256746 21141912 21141912 64043257 DEFERRED AIRCRAFT MAINTENANCE 3556332 3556332 X PART X, LINE 2: CRITICAL CARE SERVICES, INC. (DBA: LIFE LINK III) IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAXES PURSUANT TO SIMILAR PROVISIONS IN THE MINNESOTA STATUTES. THE ORGANIZATION FOLLOWS THE GUIDANCE IN THE ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THIS STANDARD HAS NO EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. X X X X X 0 0 0 0 0 0 0 0 0 JOSHUA HOWELL PRESIDENT/CEO 302098 0 50606 0 180 0 12200 0 46382 0 411466 0 0 0 ROBERT A SANNERUD CHIEF FINANCIAL OFFICER 276277 0 51551 0 2277 0 12200 0 51285 0 393590 0 0 0 CATHY RICHARDS CHIEF ADMINISTRATIVE OFFICER 224037 0 44138 0 1219 0 11167 0 53953 0 334514 0 0 0 KOLBY KOLBET CHIEF CLINICAL OFFICER 241018 0 45243 0 180 0 11553 0 32705 0 330699 0 0 0 GREGORY THINGVOLD VP OPERATIONS 201952 0 19656 0 1631 0 8880 0 31243 0 263362 0 0 0 MATHEW NELSON DIRECTOR, OPERATIONS 177090 0 26084 0 1531 0 8201 0 29766 0 242672 0 0 0 CAROLYN INDIA-BLACK EXECUTIVE DIRECTOR ADMIN SERVICES 175721 0 23970 0 271 0 8112 0 32279 0 240353 0 0 0 LISA KNIPPING DIRECTOR, FINANCE 158762 0 22870 0 775 0 7559 0 48796 0 238762 0 0 0 KEVIN RIXMANN BASE LEAD 198272 0 688 0 144 0 8085 0 26553 0 233742 0 0 0 ALLEN WOLFE JR SR DIRECTOR, CLINICAL EDUCATION 160006 0 22870 0 1188 0 7452 0 39872 0 231388 0 0 0 A PUBLIC FINANCE AUTHORITY 273866124 2013-09-30 15420000 PURCHASE OF HELICOPTERS 0 0 0 B PUBLIC FINANCE AUTHORITY 273866124 2015-12-11 2600000 PURCHASE OF A HELICOPTER 0 0 0 A 12951324 15420000 15420000 2014 0 0 1 1 B 2019312 2600000 2600000 2015 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PUBLIC FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2018 ISSUER NAME: PUBLIC FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/22/2020 FORM 990, PART VI, SECTION A, LINE 1A THE FINANCE COMMITTEE INCLUDES BOARD MEMBERS AND FINANCIAL EXECUTIVES OF CONSORTIUM MEMBER ORGANIZATIONS AS DEFINED BY COMMITTEE CHARTER AUTHORIZED BY THE BOARD OF DIRECTORS. EXECUTIVE COMMITTEE MEMBERSHIP CONSISTS SOLELY OF BOARD MEMBERS. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS IN THE INTERVALS BETWEEN BOARD OF DIRECTORS MEETINGS, PROVIDED, HOWEVER, THE EXECUTIVE COMMITTEE DOES NOT HAVE AUTHORITY TO ACT ON ANY MATTER REQUIRING A SUPERMAJORITY VOTE OR OTHER MATTERS SPECIFIED IN THE BYLAWS. FINANCE COMMITTEE MEMBERSHIP CONSISTS PRIMARILY OF NON-BOARD MEMBERS APPOINTED BY THE RESPECTIVE LIFE LINK III MEMBER ORGANIZATIONS. THE FINANCE COMMITTEE ACTS AS THE AUDIT COMMITTEE AND ASSISTS AND ADVISES THE BOARD OF DIRECTORS ON CAPITAL STRUCTURE, FINANCING, INVESTMENT STRATEGIES AND FINANCIAL POLICIES. THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR THE PERFORMANCE REVIEW AND SETTING COMPENSATION OF THE CEO. FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE CLASS OF MEMBER - NON-PROFIT HEALTHCARE ORGANIZATIONS. LIFE LINK III OPERATES AS A CONSORTIUM WITH TEN MEMBERS INCLUDING: ALLINA HEALTH; CHILDRENS HEALTH CARE; HENNEPIN HEALTHCARE SYSTEM INC.; REGIONS HOSPITAL; FAIRVIEW HEALTH SERVICES; CENTRACARE HEALTH SYSTEM; SACRED HEART HOSPITAL OF THE HOSPITAL SISTERS OF THE THIRD ORDER OF ST. FRANCIS; ST. LUKES HOSPITAL OF DULUTH, INC.; ESSENTIA HEALTH; AND MARSHFIELD CLINIC HEALTH SYSTEM. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS ARE ENTITLED TO APPOINT ONE PERSON TO THE BOARD OF DIRECTORS AND UPON DISSOLUTION OF THE ORGANIZATION, SHARE EQUALLY IN ANY SURPLUS OF PROPERTY. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS REVIEWED IN DETAIL BY THE CHIEF FINANCIAL OFFICER (CFO). THE CFO PROVIDED AND REVIEWED A DRAFT OF THE FORM WITH THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. THE BOARD OF DIRECTORS THEN RECEIVED A FINAL DRAFT AND APPROVED PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY COMPLETE AND SIGN THE CONFLICT OF INTEREST STATEMENT. THE SIGNED STATEMENTS REMAIN ON FILE WITH THE ORGANIZATION FOR THE CALENDAR YEAR. CONFLICTS ARE REVIEWED AND DETERMINED BY THE CEO IN CONJUNCTION WITH THE EXECUTIVE COMMITTEE. PERSONS WITH A CONFLICT ARE REQUIRED TO DISCLOSE AND REFRAIN FROM VOTING ON MATTERS WHERE THEY HAVE A CONFLICT. ACTUAL CONFLICTS ARE NOTED IN MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A AN INDEPENDENT NATIONAL COMPENSATION CONSULTING FIRM IS ENGAGED TO ASSESS EVERY POSITION IN THE COMPANY INCLUDING THAT OF THE CEO. DATA PROVIDED BY THAT INDEPENDENT CONSULTANT AND CONSIDERATION OF THE NEEDS OF THE ORGANIZATION CONSISTENT WITH THE DIRECTION OF THE BOARD WERE ALL USED TO ARRIVE AT THE COMPENSATION FOR THE CEO. THE PROCESS OF REVIEWING THE CEO COMPENSATION INCLUDES REVIEW AND APPROVAL BY INDEPENDENT PERSONS, MARKET COMPENSATION DATA FOR COMPARABLE COMPANIES AND CONTEMPORANEOUS SUBSTANTIATION. LIFE LINK III ENGAGES AN INDEPENDENT CONSULTANT TO REVIEW MARKET COMPENSATION DATA FOR COMPARABLE COMPANIES AND CONTEMPORANEOUS SUBSTANTIATION, AS WELL AS MAKE INFORMED RECOMMENDATIONS ON COMPENSATION LEVELS OF KEY ROLES. THE COMPENSATION REVIEW PROCESS LAST OCCURRED FOR THE CEO IN 2021 AND FOR OTHER OFFICERS IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE HELD BY THE ORGANIZATION'S CEO AND CFO AND ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: LOSS ON GOODWILL IMPAIRMENT -2,473,209. GAIN ON CONTINGENT LIABILITY 1,800,000. FLIGHTBRIDGEED LLC 996 WILKINSON TRACE SUITE A4 BOWLING GREEN KY 42103 462572648 CRITICAL CARE, PRE-HOSPITAL AND EMERGENCY MEDICINE EDUCATION KY CRITICAL CARE SERVICES INC S -122682 275469 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 0 FLIGHTBRIDGEED LLC L 1029103 CASH FLIGHTBRIDGEED LLC O 520174 CASH FLIGHTBRIDGEED LLC Q 508929 CASH