Project MedSend

The information on this page was last updated 3/29/2023. If you see errors or omissions, please email: [email protected]


Summary

MedSend equips qualified healthcare professionals to the mission field, where they serve long-term, living in community to offer care for 1:1 needs, to train indigenous health care providers, and to influence the direction of healthcare of the nations. By giving physical help to people in need, they model the love of Christ that is shown in the Gospels.


Contact information

Mailing address:
Project MedSend
1838 Gold Hill Road
Fort Mill, SC 29708

Website: medsend.org

Phone: (203) 891-8223

Email: [email protected]


Organization details

EIN: 752470543

CEO/President: Rick Allen

Chairman:

Board size: 11

Founder: Daniel Fountain & David Topazian

Ruling year: 1993

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2002


Purpose

To reach the world with compassionate care and the love of Christ by empowering committed, Christ-following healthcare professionals to minister and effectively care for those in the least served areas of the world.


Mission statement

In partnership with key Christian ministries, our mission is to strategically fund qualified healthcare professionals to serve the physical and spiritual needs of people around the world.


Statement of faith

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating1024 of 1110113 of 121
Fund acquisition rating1103 of 1111120 of 121
Resource allocation rating1082 of 1111117 of 121
Asset utilization rating499 of 111053 of 121

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%31%20%19%11%21%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%29%20%19%11%21%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%94%101%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%26%19%19%18%21%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%6%-1%0%0%0%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%64%71%72%75%71%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%113%105%99%61%102%
Program output ratio Program output ratio =
Program services /
Total revenue
77%72%74%72%46%73%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-13%-5%1%39%-2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-11%-4%1%48%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%10%11%9%7%8%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.860.930.830.760.701.41
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.761.021.001.221.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.790.950.830.920.701.42
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.9243.0755.6572.3690.8435.65
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.020.020.010.010.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.0412.3714.1412.8016.998.24
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%4%2%1%5%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%4%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
100%103%118%130%136%69%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$1,479,643$2,072,174$2,263,127$1,825,810$1,402,558
Receivables, inventories, prepaids$313,864$1,060,419$1,022,388$2,301,370$605,683
Short-term investments$1,576,396$631,863$27,444$27,017$31,175
Other current assets$0$0$0$0$0
Total current assets$3,369,903$3,764,456$3,312,959$4,154,197$2,039,416
Long-term investments$0$0$715,053$0$0
Fixed assets$0$1,456$1,381$2,111$2,968
Other long-term assets$72,995$0$0$1,250$1,250
Total long-term assets$72,995$1,456$716,434$3,361$4,218
Total assets$3,442,898$3,765,912$4,029,393$4,157,558$2,043,634
 
Liabilities20232022202120202019
Payables and accrued expenses$78,244$67,645$45,786$45,731$57,206
Other current liabilities$0$0$0$0$0
Total current liabilities$78,244$67,645$45,786$45,731$57,206
Debt$0$0$0$156,979$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$72,995$0$2,347$7,980$5,242
Total long-term liabilities$72,995$0$2,347$164,959$5,242
Total liabilities$151,239$67,645$48,133$210,690$62,448
 
Net assets20232022202120202019
Without donor restrictions$3,001,361$3,333,435$2,563,555$1,340,332$1,043,279
With donor restrictions$290,298$364,832$1,417,705$2,606,536$937,907
Net assets$3,291,659$3,698,267$3,981,260$3,946,868$1,981,186
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$2,646,646$2,995,749$3,087,342$4,777,474$2,824,364
Program service revenue$8,375$16,474$0$0$0
Membership dues$0$0$0$0$0
Investment income$161,931$1,957$681$8,694$12,991
Other revenue$53($33,337)$1,100$276$529
Total other revenue$170,359($14,906)$1,781$8,970$13,520
Total revenue$2,817,005$2,980,843$3,089,123$4,786,444$2,837,884
 
Expenses20232022202120202019
Program services$2,037,268$2,217,107$2,209,909$2,181,986$2,058,975
Management and general$324,653$329,660$266,752$209,706$220,214
Fundraising$830,504$590,897$585,803$510,780$607,023
Total expenses$3,192,425$3,137,664$3,062,464$2,902,472$2,886,212
 
Change in net assets20232022202120202019
Surplus (deficit)($375,420)($156,821)$26,659$1,883,972($48,328)
Other changes in net assets$0$0$0$0$0
Total change in net assets($375,420)($156,821)$26,659$1,883,972($48,328)

Compensation

NameTitleCompensation
Richard C AllenPresident/CEO/Chair. Retirement Oversight Comm.$150,957
Morgan BoardmanChief Development Officer$132,309
John SimontacchiSr. VP of Development$114,227

Compensation data as of: 6/30/2023


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/29/2023. To update the information below, please email: [email protected]


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