MedAssist of Mecklenburg DBA NC Medassist (EIN 562018957) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

Brenda Vass

Phone

7045361790

Tax Period

2024-07-01 to 2025-06-30

MedAssist of Mecklenburg DBA NC Medassist, founded in 1997, is a mid-sized nonprofit in the Human Services sector that reported $53.0M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year.

Mission

NC MedAssist is a nonprofit pharmacy program providing access to lifesaving prescription medications, client support, advocacy and other services to poor, vulnerable, and uninsured North Carolina residents.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $52,740,417

Program Service Revenue $0

Investment Income $181,746

Other Revenue $94,357

TOTAL REVENUE $53,016,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,616,294

Fundraising Expenses $382,141

Program Expenses $51,946,265

Other Expenses $50,200,763

TOTAL EXPENSES $52,817,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,016,520	$66,268,245	-0.2%
Expenses	$52,817,057	$66,548,836	-0.2%
Net Income	$199,463	$-280,591	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

5613

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$147,206

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dustin Allen	Chief Operating	40.00		$162,696	$6,120	$168,816
Brenda Vass	CEO	40.00	Officer	$141,086	$6,120	$147,206
Todd Wells	Imm. Past Chair	2.00	Director	$0	$0	$0
Laura Magennis	Chair	2.00	Officer Director	$0	$0	$0
Jeremy Jacobs	Treasurer	2.00	Officer Director	$0	$0	$0
Jay Vora	Vice Chair	2.00	Officer Director	$0	$0	$0
Cole Wilson	Secretary	2.00	Officer Director	$0	$0	$0
Julie Ghurtskaia	Director	2.00	Director	$0	$0	$0
Iris Phillips	Director	2.00	Director	$0	$0	$0
Kevin Kendrick	Director	2.00	Director	$0	$0	$0
Kuldip Patel	Director	2.00	Director	$0	$0	$0
Ryan Smith	Director	2.00	Director	$0	$0	$0
Natalie Galdos	Director	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$53,016,520	$52,817,057	$13,131,580	$199,463
2024	$66,268,245	$66,548,836	$13,080,650	$-280,591
2023	$73,752,586	$74,725,880	$13,721,267	$-973,294
2022	$71,421,311	$68,994,590	$12,976,938	$2,426,721
2021	$72,421,883	$69,307,130	$10,618,612	$3,114,753
2020	$83,036,652	$81,579,374	$7,150,262	$1,457,278
2019	$77,439,678	$77,888,307	$5,310,793	$-448,629
2018	$72,441,990	$71,862,581	$5,718,009	$579,409

MedAssist of Mecklenburg DBA NC Medassist