2026-09-22T11:11:45-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 121 WEST BRIDGE STREET OWATONNA MN 55060 990 2025-01-01 411518013 CRITICAL CARE SERVICES INC CRIT 6126384900 3673 LEXINGTON AVE N BOX 402 H-2 ARDEN HILLS MN 55126 LISA KNIPPING CHIEF FINANCIAL OFFICER 6126384900 2026-09-21 1 JUSTIN HARTERT P02236744 5074467100 2026-09-21 2025 LIFE LINK III JOSHUA HOWELL 3673 LEXINGTON AVE N BOX 402 H-2 ARDEN HILLS MN 55126 88702022 0 X WWW.LIFELINKIII.COM X 1985 MN TO PROVIDE SAFE AND EFFECTIVE MEDICAL CARE AND TRANSPORTATION SERVICES FOR PATIENTS. 11 11 385 19 0 0 116867 1361482 67087424 76153460 -5993243 1259850 1315562 1007113 62526610 79781905 0 0 0 0 39336239 43170475 0 0 0 22932028 26308500 62268267 69478975 258343 10302930 77953749 80530818 22536124 14488193 55417625 66042625 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 53980758 0 70018499 ROTOR WING SERVICESPROVIDES AIR TRANSPORTATION OF PATIENTS REQUIRING CRITICAL CARE AND EMERGENCY MEDICAL CARE IN HELICOPTERS CONFIGURED FOR MOBILE INTENSIVE CARE WITH 3,541 TRANSPORTS IN 2025. 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 WISCONSIN, LIFE LINK III TRANSPORTS ALL TYPES OF CRITICALLY ILL OR INJURED PATIENTS. 5311663 0 6134961 FIXED WING SERVICESPROVIDES AIR TRANSPORTATION OF PATIENTS REQUIRING CRITICAL CARE AND EMERGENCY MEDICAL CARE IN FIXED WING AIRCRAFT CONFIGURED FOR MOBILE INTENSIVE CARE WITH 280 TRANSPORTS IN 2025. 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 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 ACCREDITED 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 2025 THAT EXTENDED ACCREDITATION THROUGH MARCH 2028.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 2025 THE ORGANIZATION DONATED CLINICIAN, PILOT, AND AIRCRAFT TIME FOR 354 SEPARATE COMMUNITY AND HEALTHCARE-RELATED EVENTS AND TRAININGS WITH MORE THAN 33,000 ESTIMATED ATTENDEES. LIFE LINK III WAS THE FIRST AND ONLY CRITICAL CARE TRANSPORT PROGRAM TO ACHIEVE THE AACN BEACON AWARD OF EXCELLENCE GOLD LEVEL. THIS PRESTIGIOUS AWARD RECOGNIZES EXCELLENCE IN CRITICAL CARE NURSING.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. 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 COMMUNITY CARE UNDER THIS PROGRAM. APPLICANTS FOR OUR COMMUNITY CARE PROGRAM ARE REQUESTED TO PROVIDE CURRENT YEAR INCOME INFORMATION. WE USE INCOME-BASED CRITERIA IN OUR DETERMINATION OF COMMUNITY CARE AND USE 300% OF THE FEDERAL POVERTY GUIDELINES ESTABLISHED BY THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES IN DETERMINING ELIGIBILITY. IN 2025 THE COST OF PROVIDING CARE TO PATIENTS UNDER THIS PROGRAM WAS $1,895,596. 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 2025 THE COST OF HEALTH CARE SERVICES PROVIDED BY LIFE LINK III WAS $8,222,751 IN EXCESS OF THE REIMBURSEMENT RECEIVED FROM PUBLIC PROGRAMS. 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 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 COMMUNITY 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 2025 THESE BAD DEBTS TOTALED $9,600,328.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 PERSONS WHO LIKELY WOULD QUALIFY FOR FINANCIAL ASSISTANCE UNDER OUR COMMUNITY CARE PROGRAM. 59292421 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 1 385 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MN X LISA KNIPPING 6126384900 3673 LEXINGTON AVE N SUITE H-2 BOX ARDEN HILLS MN 55126 KELLY SPRATT CHAIR 2.00 X X 0 0 0 KEVIN BOREN VICE CHAIR 2.00 X X 0 0 0 WENDY STULAC-MOTZEL DIRECTOR 1.00 X 0 0 0 ANUPAM KHARBANDA DIRECTOR 1.00 X 0 0 0 RJ FRASCONE DIRECTOR 1.00 X 0 0 0 BOB BEACHER DIRECTOR 1.00 X 0 0 0 BRET HAAKE DIRECTOR 1.00 X 0 0 0 BRIAN HOERNEMAN DIRECTOR 1.00 X 0 0 0 NICK VAN DEELEN DIRECTOR 1.00 X 0 0 0 JOE HELLIE DIRECTOR 1.00 X 0 0 0 STEVE STERNER DIRECTOR 1.00 X 0 0 0 JOSHUA M HOWELL PRESIDENT AND CEO 40.00 X 393999 0 52881 BJORN K PETERSON CHIEF MEDICAL OFFICER 40.00 X 325838 0 22385 LISA M KNIPPING CHIEF FINANCIAL OFFICER 40.00 X 308105 0 31397 KOLBY L KOLBET CHIEF INNOVATION OFFICER 40.00 X 301382 0 28034 CAROLYN P INDIA-BLACK CHIEF BUSINESS OPERATIONS AND PLANNING 40.00 X 257221 0 48517 KEVIN R RIXMANN RN BACHELOR BASE LEAD 40.00 X 300441 0 27573 KEITH M VELASKI RN BACHELOR 40.00 X 217087 0 36918 AARON R CORDES INSTRUCTOR PILOT AND CHECK AIRMAN 40.00 X 210359 0 41877 MARTIN ISKE ROTOR WING PILOT 40.00 X 193635 0 48779 ANDREW TIDBALL ROTOR WING PILOT 40.00 X 213996 0 23773 2722063 0 362134 149 0 1 0 K&E CONSULTING 1541 OAKVIEW COURT LINO LAKES MN 55038 IT SUPPORT 407879 FAEGRE DRINKER 90 S 7TH STREET SUITE 2200 MINNEAPOLIS MN 55402 LEGAL SERVICES 307687 PRIMACY STRATEGY 660 TRANSFER ROAD ST PAUL MN 55114 PROFESSIONAL SERVICES 180000 MULCHATNA CONSULTING 11935 WATERFORD RD EDEN PRAIRIE MN 55347 PROFESSIONAL SERVICES 155127 FULTON ANALYTICS 1960 CLIFF LAKE RD SUITE 129-132 EAGAN MN 55122 SOFTWARE SUPPORT 123200 5 42278 1319204 1361482 ROTOR WING SERVICE 621910 70018499 70018499 FIXED WING SERVICE 621910 6134961 6134961 76153460 650727 650727 2013430 7493310 1899065 6998552 114365 494758 609123 609123 10500 42278 22500 -12000 -12000 MISCELLANEOUS INCOME 900099 1019113 1019113 1019113 79781905 76153460 0 2266963 1769759 1769759 34342598 30703806 3638792 1112653 1112653 3285372 2683683 601689 2660093 2223324 436769 345652 104275 241377 77217 68817 8400 27968 27968 924636 374088 550548 406132 357693 48439 1034999 964620 70379 1048585 5246 1043339 1412615 1293783 118832 3727882 3437743 290139 590890 441382 149508 250522 250522 3428292 3383596 44696 1290099 967574 322525 REPAIRS AND MAINTENANCE 4062622 3949992 112630 BAD DEBT EXPENSE 2656894 2656894 MISCELLANEOUS 2589147 1878382 710765 AIRCRAFT RENT 2434348 2434348 69478975 59292421 10186554 0 278487 399538 10207982 15251778 16409648 14748936 541605 296247 4527647 5783426 568192 613117 63012088 30130354 28713674 32881734 5892161 6520091 183000 183000 1688584 1687651 8942769 2165300 77953749 80530818 5073468 5172574 1242302 628651 9080307 1417696 7140047 7269272 22536124 14488193 X 55355060 64727681 62565 1314944 55417625 66042625 77953749 80530818 10302930 322070 0 X X 0 1 X 1 0 X 3058440 151256 123830 116867 1361482 4811875 55878040 58783241 62272691 67087424 76153460 320174856 58936480 58934497 62396521 67204291 77514942 324986731 0 0 0 324986731 422305 507388 415275 546124 650727 2541819 11088 8283 19371 422305 507388 426363 554407 650727 2561190 1387638 1287178 1709314 1257133 1029613 6670876 60746423 60729063 64532198 69015831 79195282 334218797 0.97240 0.97190 0.00770 0.00800 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME ADMINISTRATIVE SERVICES TAX BENEFIT FUNDRAISING EVENT RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 180000 0 1 17071 197071 0 PART II-B, LINE 1: LIFE LINK III ENGAGES DIRECTLY WITH A PROFESSIONAL FIRM FOR LOBBYING ACTIVITIES. IN ADDITION, A PERCENTAGE OF MEMBERSHIP DUES PAID TO VARIOUS ASSOCIATIONS ARE USED BY THOSE ORGANIZATIONS TO LOBBY ON BEHALF OF THEIR MEMBERS. 1934885 1193045 741840 58661285 28937309 29723976 2415918 2415918 32881734 DEFERRED AIRCRAFT MAINTENANCE 5063757 OPERATING LEASE LIABILITY 2205515 7269272 X 76189234 322070 22500 344570 75844664 27968 3909273 3937241 79781905 66816613 22500 22500 66794113 27968 2656894 2684862 69478975 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 22,500. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT 2,656,894. RESTRICTED CONTRIBUTIONS 1,252,379. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 22,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT 2,656,894. GOLF EVENT 52778 42278 10500 1000 17500 4000 52778 42278 10500 1000 17500 4000 22500 -12000 X X X X X X 0 0 0 0 0 0 0 0 0 JOSHUA M HOWELL PRESIDENT AND CEO 347529 0 0 0 46470 0 15992 0 36889 0 446880 0 0 0 BJORN K PETERSON CHIEF MEDICAL OFFICER 325589 0 0 0 249 0 5880 0 16505 0 348223 0 0 0 LISA M KNIPPING CHIEF FINANCIAL OFFICER 271100 0 0 0 37005 0 12080 0 19317 0 339502 0 0 0 KOLBY L KOLBET CHIEF INNOVATION OFFICER 266164 0 0 0 35218 0 11763 0 16271 0 329416 0 0 0 KEVIN R RIXMANN RN BACHELOR BASE LEAD 300279 0 0 0 162 0 12141 0 15432 0 328014 0 0 0 CAROLYN P INDIA-BLACK CHIEF BUSINESS OPERATIONS AND PLANNI 227063 0 0 0 30158 0 10844 0 37673 0 305738 0 0 0 KEITH M VELASKI RN BACHELOR 216673 0 0 0 414 0 8661 0 28257 0 254005 0 0 0 AARON R CORDES INSTRUCTOR PILOT AND CHECK AIRMAN 207032 0 2653 0 674 0 8831 0 33046 0 252236 0 0 0 MARTIN ISKE ROTOR WING PILOT 193366 0 0 0 269 0 8498 0 40281 0 242414 0 0 0 ANDREW TIDBALL ROTOR WING PILOT 213726 0 0 0 270 0 8745 0 15028 0 237769 0 0 0 A PUBLIC FINANCE AUTHORITY 273866124 2013-09-30 15420000 PURCHASE OF HELICOPTERS 0 0 0 A 14786373 15420000 15420000 2014 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PUBLIC FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2018 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 LIFE LINK III OPERATES AS A CONSORTIUM OF TEN MEMBERS NON-PROFIT HEALTHCARE ORGANIZATIONS 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; ASPIRUS ST. LUKE'S HOSPITAL; 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 15 INDEPENDENT NATIONAL COMPENSATION DATA IS USED TO REGULARLY ASSESS EVERY POSITION IN THE COMPANY INCLUDING THAT OF THE CEO. THIS DATA, AND CONSIDERATION OF THE NEEDS OF THE ORGANIZATION CONSISTENT WITH THE DIRECTION OF THE BOARD, IS USED TO ARRIVE AT THE COMPENSATION FOR THE CEO. LIFE LINK III ALSO PERIODICALLY ENGAGES INDEPENDENT CONSULTANTS TO REVIEW MARKET COMPENSATION DATA FOR COMPARABLE COMPANIES TO MAKE INFORMED RECOMMENDATIONS ON COMPENSATION LEVELS FOR KEY ROLES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. 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 XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.