2015-07-29T09:06:36-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2014-01-01 411518013 CRITICAL CARE SERVICES INC CRIT 6126384900 3010 BROADWAY STREET NE MINNEAPOLIS MN 554131768 ROBERT SANNERUD CFO 6126384900 2015-07-24 1 KOREY BOELTER P00775161 6123764500 2014 2016-03-07 17:11:31Z LIFE LINK III EDWARD R EROE 3010 BROADWAY STREET NE MINNEAPOLIS MN 554131768 28829615 0 X WWW.LIFELINKIII.COM X 1985 MN TO PROVIDE SAFE AND EFFECTIVE MEDICAL CARE AND TRANSPORTATION SERVICES FOR PATIENTS. 12 11 123 20 0 0 0 0 29880307 27130364 42099 110698 82734 1527118 30005140 28768180 0 0 0 0 7641229 8060063 0 0 0 16711798 16883907 24353027 24943970 5652113 3824210 37261499 40706551 17167770 16788612 20093729 23917939 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 17998607 0 24132038 ROTOR WING SERVICES - PROVIDES AIR TRANSPORTATION OF PATIENTS REQUIRING CRITICAL CARE AND EMERGENCY MEDICAL CARE IN HELICOPTERS CONFIGURED FOR MOBILE INTENSIVE CARE - 1,808 TRANSPORTS. 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 THROUGHOUT MINNESOTA AND WESTERN WISCONSIN, LIFE LINK III TRANSPORTS ALL TYPES OF CRITICALLY ILL OR INJURED PATIENTS. 1350398 0 2965142 FIXED WING SERVICES - PROVIDES AIR TRANSPORTATION OF PATIENTS REQUIRING CRITICAL CARE AND EMERGENCY MEDICAL CARE IN FIXED WING AIRCRAFT CONFIGURED FOR MOBILE INTENSIVE CARE - 185 TRANSPORTS. LIFE LINK III PROVIDES AIRPLANE AMBULANCE TRANSPORTATION THROUGHOUT THE UNITED STATES, AND INTERNATIONALLY, 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. 38213 0 33184 COMMUNITY EDUCATION AND SAFETY - IN ADDITION TO THE COMMUNITY AND HEALTHCARE-RELATED EDUCATION AND SAFETY EVENTS, FOR 26 YEARS LIFE LINK III HAS PRESENTED THE TRAUMA TACTICS (SM) CONFERENCE. THE CONFERENCE ANNUALLY PROVIDES HIGH QUALITY CONTINUING EDUCATION WITH EXCEPTIONAL SPEAKERS AND SPECIAL GUESTS FOR 200+ EMERGENCY SERVICE AND FIRST RESPONDER PERSONNEL FROM MINNESOTA, WISCONSIN AND SURROUNDING STATES. TRAUMA TACTICS (SM) ENHANCES THE SKILLS OF PROVIDERS OF ALL LEVELS, FROM RESCUE AND PRE-HOSPITAL SITUATIONS TO TRANSPORT AND IN-IN-HOSPITAL TREATMENT.LIFE 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. THERE WERE OVER 160 CAMTS ACCREDITED SERVICES NATIONALLY AT THE END OF 2014. LIFE LINK III IS ONE OF 32 MEDICAL TRANSPORTATION SERVICES NATIONALLY AND INTERNATIONALLY THAT ARE CAMTS ACCREDITED FOR THE THREE MODES OF MEDICAL TRANSPORTATION: AIRPLANE, HELICOPTER AND CRITICAL CARE GROUND.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 2014 THE ORGANIZATION DONATED APPROXIMATELY 1,100 HOURS OF CLINICIAN TIME, 550 HOURS OF PILOT TIME AND 97 HOURS OF AIRCRAFT TIME FOR 172 SEPARATE COMMUNITY AND HEALTHCARE-RELATED EVENTS AND TRAININGS. THE 59 OUTREACH EDUCATION PROGRAMS TRAINED OVER 900 EMS AND COMMUNITY-BASED MEDICAL AND FIRST RESPONDERS. 0 0 0 FINANCIAL ASSISTANCE - LIFE 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 DETERMINATION OF CHARITY CARE AND USE 200% OF THE FEDERAL POVERTY GUIDELINES ESTABLISHED BY THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES IN DETERMINING ELIGIBILITY. IN 2014 THE COST OF PROVIDING CARE TO PATIENTS UNDER THIS PROGRAM WAS $144,014.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 (MINNESOTA AND WISCONSIN), MINNESOTACARE, AND GENERAL ASSISTANCE PROGRAMS. PAYMENTS FROM THESE PROGRAMS FREQUENTLY DO NOT COVER THE COSTS LIFE LINK III INCURS TO SERVE PROGRAM BENEFICIARIES. IN 2014 LIFE LINK III PROVIDED $2,908,096 OF HEALTH CARE SERVICES IN EXCESS OF THE REIMBURSEMENT RECEIVED FROM PUBLIC PROGRAMS. 0 0 0 PATIENT RECEIVABLES AND CREDIT POLICY - PATIENT 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 PAYORS 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 FOR COPAY AND DEDUCTIBLE AMOUNTS THAT ARE PATIENTS' RESPONSIBILITY. 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 REVIEWS DATA ABOUT THESE MAJOR PAYOR SOURCES OF REVENUE IN EVALUATING 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 DEBTS AND CHARITABLE 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 DEBTS 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 COLLECTION EFFORTS HAVE BEEN EXHAUSTED IS CHARGED OFF AGAINST THE ALLOWANCE FOR DOUBTFUL ACCOUNTS. IN 2014 THESE BAD DEBTS TOTALED $2,865,181.PATIENT ACCOUNTS RECEIVABLE ARE 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 PERSON WHO LIKELY WOULD QUALIFY FOR FINANCIAL ASSISTANCE UNDER OUR COMMUNITY CARE PROGRAM. 0 0 0 19387218 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 67 0 123 1 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X ROBERT SANNERUD CFO 6126384900 3010 BROADWAY STREET NE MINNEAPOLIS MN 554131768 JOHN FOLSTAD CHAIR 2.00 X X 0 0 0 GRETCHEN LEITERMAN VICE CHAIR 2.00 X X 0 0 0 DR STEVEN STERNER SECRETARY/TREASURER 2.00 X X 0 0 0 DR RALPH J FRASCONE DIRECTOR & CMO 2.00 X X 0 0 0 JOHN DOHERTY PAST CHAIR 2.00 X 0 0 0 JAMES GARVEY DIRECTOR 1.00 X 0 0 0 DRWILLIAM HEEGAARD DIRECTOR & CLINICAL COUNSEL VICE CHAIR 2.00 X 0 0 0 GREG KLUGHERZ DIRECTOR 1.00 X 0 0 0 JIM LESTE DIRECTOR 1.00 X 0 0 0 ERIC LOHN DIRECTOR 1.00 X 0 0 0 DAVID MILLER DIRECTOR 1.00 X 0 0 0 EDWARD R EROE PRESIDENT AND CEO 40.00 X X 259140 0 46622 ROBERT A SANNERUD CHIEF FINANCIAL OFFICER 40.00 X 178689 0 31782 PAUL MACHELEDT SENIOR DIRECTOR OF STRATEGIC PLANNING & ANALYTICS 40.00 X 152802 0 6215 JOHN HUOT GOVERNMENT RELATIONS 40.00 X 133997 0 4664 KOLBY KOLBET CHIEF OPERATING OFFICER 40.00 X 133029 0 28683 CATHY RICHARDS HUMAN RESOURCES DIRECTOR 40.00 X 128946 0 27423 KRISTIN BRAND MARKETING DIRECTOR 40.00 X 126018 0 6226 AMY SAYLOR BASE MANAGER 40.00 X 121767 0 15254 1234388 0 166869 14 0 1 0 AIR METHODS CORPORATION 7211 SOUTH PEORIA ENGLEWOOD CO 80112 AIRCRAFT, PILOTS & MECHANICS 6903274 CLUB JET CHARTER LLC 17957 BEARPATH TRAIL EDEN PRAIRIE MN 55347 AIRCRAFT, PILOTS & MECHANICS 1040412 UNISPACE MN LLC 14250 JUDICIAL ROAD BURNSVILLE MN 55306 INTERIOR REMODEL & DESIGN 803166 K & E CONSULTING INC 1541 OAKVIEW COURT LINO LAKES MN 55038 IT SUPPORT 217096 GRANT THORNTON 1901 S MEYERS ROAD SUITE 455 OAKBROOK TERRACE IL 60181 ACCOUNTING AND TAX 186850 9 ROTOR WING SERVICE 621910 24132038 24132038 FIXED WING SERVICE 621910 2965142 2965142 EDUCATION SERVICES 541900 33184 33184 27130364 133288 133288 75728 24845 50883 50883 50883 14000 36590 -22590 -22590 -22590 STATE TAX REFUND 900099 1465734 1465734 MISCELLANEOUS INCOME 900099 10501 10501 1476235 28768180 27130364 0 1637816 675250 675250 5964194 3878070 2086124 214495 114131 100364 679111 562638 116473 527013 334025 192988 185173 185173 52858 52858 722147 722147 210235 210235 252109 134755 117354 52830 52830 366504 196780 169724 934347 796993 137354 177768 76906 100862 175955 175955 1095165 588264 506901 477186 413260 63926 AIRCRAFT RENT 7698388 7698388 BAD DEBT EXPENSE 2865181 2865181 EQUIPMENT MAINTENANCE 1126139 1126139 MISCELLANEOUS 305811 241954 63857 186111 183779 2332 24943970 19387218 5556752 0 9830219 10957296 3482207 2233405 30432 640377 78518 133595 349178 317773 30073655 5487484 6231132 24586171 15420158 536 1839655 1837398 37261499 40706551 1545235 1813877 2535 2570 15420000 14033720 200000 0 0 938445 17167770 16788612 X 20093729 23917939 20093729 23917939 37261499 40706551 3824210 0 X 0 1 X 1 0 X 31813358 25657655 28180673 29880307 27130364 142662357 31813358 25657655 28180673 29880307 27130364 142662357 0 0 0 142662357 53317 100881 121786 111631 209016 596631 53317 100881 121786 111631 209016 596631 32143 1476235 1508378 31866675 25758536 28302459 30024081 28815615 144767366 0.98550 0.99670 0.00410 0.00310 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME STATE TAX REFUND 0 0 0 0 0 0 0 0 1 3847 3847 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 (AAMS), MINNESOTA AMBULANCE ASSOCIATION, ASSOCIATION FOR CRITICAL CARE TRANSPORT (ACCT) AND HELICOPTER ASSOCIATION INTERNATIONAL (HAI) ARE USED BY THOSE ORGANIZATIONS FOR LOBBYING ACTIVITIES ON BEHALF OF THEIR MEMBERS. 300000 300000 3713136 1405126 2308010 68186 67363 823 25985838 4014995 21970843 6495 6495 24586171 DEFERRED AIRCRAFT MAINTENANCE 938445 938445 X 24351412 47435 47435 24303977 4464203 4464203 28768180 22103634 24845 24845 22078789 2865181 2865181 24943970 PART X, LINE 2: THE ORGANIZATION 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. IN ORDER TO ACCOUNT FOR ANY UNCERTAIN TAX POSITIONS, ASC TOPIC 740-10, INCOME TAXES, REQUIRES AN ORGANIZATION TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION OF THE TECHNICAL MERITS OF THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THE TAX POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE THE ORGANIZATION HAS ANY MATERIAL UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION RECORDED NO ASSETS OR LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION'S FEDERAL RETURNS FOR TAX YEARS 2011 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 24,845. LOSS ON SALE OF EQUIPMENT 22,590. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST INCOME 133,288. PROVISION FOR UNCOLLECTIBLE ACCOUNTS 2,865,181. STATE TAX REFUND 1,465,734. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 24,845. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR UNCOLLECTIBLE ACCOUNTS 2,865,181. NORTH AMERICA 0 1 PROGRAM SERVICES EMERGENCY AIR MEDICAL TRANSPORTATION 59317 0 1 0 0 0 1 59317 0 59317 0 0 0 0 0 0 X X X X X 1 0 0 0 0 0 0 0 0 EDWARD R EROE PRESIDENT AND CEO 226228 0 31724 0 1188 0 0 0 46622 0 305762 0 0 0 ROBERT A SANNERUD CHIEF FINANCIAL OFFICER 157393 0 20108 0 1188 0 0 0 31782 0 210471 0 0 0 PAUL MACHELEDT SENIOR DIRECTOR OF STRATEGIC PLANNING & ANALYTICS 137220 0 15168 0 414 0 0 0 6215 0 159017 0 0 0 KOLBY KOLBET CHIEF OPERATING OFFICER 117148 0 15719 0 162 0 0 0 28683 0 161712 0 0 0 CATHY RICHARDS HUMAN RESOURCES DIRECTOR 113675 0 14497 0 774 0 0 0 27423 0 156369 0 0 0 PART I, LINE 4A JOHN HUOT WAS SEPARATED FROM SERVICE AND RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $30,000. A PUBLIC FINANCE AUTHORITY 273866124 2013-09-30 15420000 PURCHASE OF HELICOPTERS 0 0 0 A 1386280 15420000 536 15419464 2014 0 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, VICE-CHAIR, SECRETARY, PRESIDENT, CHIEF MEDICAL OFFICER AND THE IMMEDIATE PAST CHAIR. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION IN BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, PROVIDED THAT THE EXECUTIVE COMMITTEE DOES NOT HAVE THE AUTHORITY TO ACT ON ANY MATTER REQUIRING SUPERMAJORITY VOTE OR ANY PROHIBITED ACTIONS AS DEFINED IN THE BYLAWS. 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 NINE MEMBERS INCLUDING: ALLINA HEALTH; CHILDREN'S 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. LUKE'S HOSPITAL OF DULUTH, INC.; AND ESSENTIA HEALTH. 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 11 THE RETURN WAS REVIEWED IN DETAIL BY THE CHIEF FINANCIAL OFFICER (CFO). THE CFO PROVIDED A DRAFT OF THE FORM TO 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'S CEO FOR THE CALENDAR FISCAL 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 THAY HAVE A CONFLICT. ACTUAL CONFLICTS ARE NOTED IN MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A AN INDEPENDENT NATIONAL COMPENSATION CONSULTING FIRM WAS 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. IN 2014, THE PROCESS OF REVIEWING THE CEO'S COMPENSATION INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, MARKET COMPENSATION DATA FOR COMPARABLE COMPANIES AND CONTEMPORANEOUS SUBSTANTIATION. AN INDEPENDENT NATIONAL COMPENSATION CONSULTING FIRM WAS ENGAGED TO ASSESS EVERY POSITION IN THE COMPANY INCLUDING ALL OTHER OFFICERS AND KEY EMPLOYEES. ALL POSITIONS WERE ANALYZED, LEVELLED AND COMPARED TO THE AIR MEDICAL TRANSPORT INDUSTRY. THIS INFORMATION IS EVALUATED AND CONSIDERED IN THE CONTEXT OF THE JOB DESCRIPTION, POSITION SKILLS AND EXPERIENCE REQUIREMENTS BY THE DIRECTOR OF HUMAN RESOURCES AND THE CEO TO ESTABLISH A RANGE TO BE USED FOR COMPENSATION AND DEVELOPING COMPENSATION RANGES TO BE USED DURING A HIRING PROCESS. THIS PROCESS WAS LAST PERFORMED IN 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE IN THE CARE OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER AND ARE AVAILABLE FOR INSPECTION UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS.