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

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating990 of 1077129 of 142
Fund acquisition rating1058 of 1078136 of 142
Resource allocation rating919 of 1078121 of 142
Asset utilization rating585 of 107777 of 142

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%19%11%21%20%16%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%19%11%21%20%16%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%100%100%100%99%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%19%18%21%20%19%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%0%0%0%1%0%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%72%75%71%73%72%
Spending ratio Spending ratio =
Total expenses /
Total revenue
87%99%61%102%98%84%
Program output ratio Program output ratio =
Program services /
Total revenue
69%72%46%73%71%61%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
13%1%39%-2%2%16%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
18%1%48%-2%2%24%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%9%7%8%7%8%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.870.760.701.411.361.25
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.601.221.001.001.261.75
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.640.920.701.421.722.19
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.1872.3690.8435.6533.8028.89
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.010.010.030.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.7512.8016.998.246.795.30
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%1%5%3%2%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%4%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
89%130%136%69%72%78%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$2,263,127$1,825,810$1,402,558$689,189$302,766
Receivables, inventories, prepaids$1,022,388$2,301,370$605,683$907,019$755,385
Short-term investments$27,444$27,017$31,175$40,646$75,300
Other current assets$0$0$0$0$0
Total current assets$3,312,959$4,154,197$2,039,416$1,636,854$1,133,451
Long-term investments$715,053$0$0$407,722$845,368
Fixed assets$1,381$2,111$2,968$3,942$6,115
Other long-term assets$0$1,250$1,250$8,877$0
Total long-term assets$716,434$3,361$4,218$420,541$851,483
Total assets$4,029,393$4,157,558$2,043,634$2,057,395$1,984,934
 
Liabilities20212020201920182017
Payables and accrued expenses$45,786$45,731$57,206$48,427$39,228
Other current liabilities$0$0$0$0$0
Total current liabilities$45,786$45,731$57,206$48,427$39,228
Debt$0$156,979$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$2,347$7,980$5,242$447$1,136
Total long-term liabilities$2,347$164,959$5,242$447$1,136
Total liabilities$48,133$210,690$62,448$48,874$40,364
 
Net assets20212020201920182017
Without donor restrictions$2,563,555$1,340,332$1,043,279$1,029,903$1,094,137
With donor restrictions$1,417,705$2,606,536$937,907$978,618$850,433
Net assets$3,981,260$3,946,868$1,981,186$2,008,521$1,944,570
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$3,087,342$4,777,474$2,824,364$2,824,702$2,942,531
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$681$8,694$12,991$22,841$7,527
Other revenue$1,100$276$529$10,180$116
Total other revenue$1,781$8,970$13,520$33,021$7,643
Total revenue$3,089,123$4,786,444$2,837,884$2,857,723$2,950,174
 
Expenses20212020201920182017
Program services$2,209,909$2,181,986$2,058,975$2,037,499$1,796,724
Management and general$266,752$209,706$220,214$208,730$203,960
Fundraising$585,803$510,780$607,023$561,379$477,738
Total expenses$3,062,464$2,902,472$2,886,212$2,807,608$2,478,422
 
Change in net assets20212020201920182017
Surplus (deficit)$26,659$1,883,972($48,328)$50,115$471,752
Other changes in net assets$0$0$0$0$0
Total change in net assets$26,659$1,883,972($48,328)$50,115$471,752

Compensation

NameTitleCompensation
Richard AllenPresident/CEO$160,812

Compensation data as of: 6/30/2019


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]


History


Program accomplishments


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