MedAssist of Mecklenburg DBA NC Medassist

EIN: 562018957 501(c)(3) Human Services

Charlotte, NC

Total Revenue
$53,016,520
Total Expenses
$52,817,057
Total Assets
$13,131,580
Net Assets
$11,569,115
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NC
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.

Program Service Accomplishments

Program 1
Expenses: $51,946,265

NC MedAssist is a nonprofit pharmacy program that provides access to lifesaving prescription medications, over the counter (OTC) medicines, patient support, advocacy, and related services to poor...

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NC MedAssist is a nonprofit pharmacy program that provides access to lifesaving prescription medications, over the counter (OTC) medicines, patient support, advocacy, and related services to poor, vulnerable, and uninsured residents across North Carolina. During the reporting year, NC MedAssist advanced its mission through expanded partnerships, improved operational efficiency, and enhanced patient-centered programming aligned with Year 2 of its strategic plan. Within the Free Pharmacy Program, NC MedAssist continued to respond to industry-wide changes as pharmaceutical manufacturers increasingly removed donated brand-name medications from patient assistance programs. As a result, the organization absorbed rising costs to procure generic alternatives, while implementing cost-saving sourcing strategies that generated up to $100,000 in savings and expanded the availability of inhalers and other essential medications on formulary. The enrollment team achieved 100% SHIIP counseling certification, strengthening support for Medicare-eligible patients navigating coverage and cost-saving options.Through the Mobile Free Pharmacy (MFP) and Free OTC Store programs, NC MedAssist distributed more than $7.4 million in OTC medications to low-income individuals and families, serving over 42,000 people statewide. OTC medicines were received through partnerships with organizations such as Second Harvest Food Bank of Metrolina and numerous corporate and community donors. Research indicates that every $1 in OTC medicine provided prevents approximately $6 in downstream healthcare costs, reinforcing the programs significant cost-avoidance impact. Strategic partnerships also enabled expanded access to womens health screenings, vaccinations, food distribution, and disaster relief services.NC MedAssist strengthened community engagement and patient voice by launching a statewide Community Advisory Committee, hosting its first patient focus group, and implementing language access enhancements to improve medication understanding and adherence. The organization also distributed 2,598 units of Narcan through a pilot program in partnership with Mecklenburg County Alliance Health and other collaborators, addressing urgent public health needs.The Transitional Jobs Program (TJP) continued to provide paid, work-based learning opportunities for individuals facing long-term unemployment or barriers to employment. Participants developed social, business, and customer service skills to support successful workforce reentry. Additionally, NC MedAssists social workers and pharmacy teams provided over 5,600 referrals addressing social drivers of health, including smoking cessation, substance use support, housing instability, and access to care.Through these combined efforts, NC MedAssist dispensed more than $39 million prescription & more than $7 million OTC medications in value to the community and achieved over $100 million in estimated healthcare cost avoidance, while expanding access, improving efficiency, and strengthening community partnerships in alignment with its strategic goals.

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

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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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Governance

Voting Members
11
Independent Members
11
Employees
55
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
5
$147,206
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
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
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