MEDISEND COLLEGE OF BIOMEDICAL ENGINEERING TECHNOLOGY (EIN 752332074) - 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

1990

Legal Domicile

Principal Officer

NICHOLAS HALLACK

Phone

2145755006

Tax Period

2023-01-01 to 2023-12-31

MEDISEND COLLEGE OF BIOMEDICAL ENGINEERING TECHNOLOGY, founded in 1990, is a community nonprofit in the International Affairs sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 13% surplus.

Mission

MEDISEND COLLEGE OF BIOMEDICAL ENGINEERING TECHNOLOGY IS A 501(C)(3) NONPROFIT ORGANIZATION WHOSE MISSION INCLUDES HIGH QUALITY, INTENSIVE EDUCATION AND TRAINING OF US MILITARY VETERANS AND SELECT INDIVIDUALS FROM DEVELOPING COUNTRIES, AS WELL AS THE HUMANITARIAN DISTRIBUTION OF LIFE-SAVING MEDICAL SUPPLIES AND BIOMEDICAL EQUIPMENT TO UNDER RESOURCED HOSPITALS IN DEVELOPING COUNTRIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $287,826

Program Service Revenue $1,361,540

Investment Income $0

Other Revenue $180,720

TOTAL REVENUE $1,830,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $890,156

Fundraising Expenses $1,742

Program Expenses $1,327,246

Other Expenses $702,425

TOTAL EXPENSES $1,592,581

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,830,086	$1,244,425	+0.5%
Expenses	$1,592,581	$1,495,057	+0.1%
Net Income	$237,505	$-250,632	-1.9%

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

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

$350,417

Total Directors

$250,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS HALLACK	PRESIDENT	50.00	Officer Director	$205,517	$44,483	$250,000
RICHARD MYERS	CHAIRMAN	0.50	Officer Director	$0	$0	$0
CLETE D MADDEN	TREASURER	0.50	Officer Director	$0	$0	$0
WOODROW GANDY MD	TRUSTEE	0.50	Director	$0	$0	$0
DAN BUTCHER	TRUSTEE	0.50	Director	$0	$0	$0
JOYCE WILLIAMS	TRUSTEE (LEFT 06/23)	0.50	Director	$0	$0	$0
RON PELLEGRINI	TRUSTEE	1.50	Director	$0	$0	$0
GERALD HEEGER	TRUSTEE	0.50	Director	$0	$0	$0
STEPHANIE PEDROZA	CHIEF FINANCIAL OFFICER	40.00	Officer	$85,462	$14,955	$100,417
COSTEL RIZESCU	DIR. OF BIOMEDICAL TRAININ	40.00	Highest	$103,900	$30,000	$133,900

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
2024	No data	No data	No data	No data
2023	$1,830,086	$1,592,581	$3,943,979	$237,505
2022	$1,244,425	$1,495,057	$3,870,793	$-250,632
2021	$1,842,002	$1,505,385	$3,933,856	$336,617
2020	$1,301,177	$1,335,062	$3,734,480	$-33,885
2018	$790,269	$1,280,298	$2,984,488	$-490,029

MEDISEND COLLEGE OF BIOMEDICAL ENGINEERING TECHNOLOGY