MEDISEND COLLEGE OF BIOMEDICAL ENGINEERING TECHNOLOGY

EIN: 752332074 501(c)(3) International Affairs

DALLAS, TX

Total Revenue
$1,830,086
Total Expenses
$1,592,581
Total Assets
$3,943,979
Net Assets
$1,054,593
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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
TX
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 IS 501C3 NONPROFIT ORGANIZATION. ITS CORE MISSION IS TO PROVIDE HIGH-QUALITY, INTENSIVE EDUCATION AND TRAINING IN BIOMEDICAL ENGINEERING TECHNOLOGY THAT PREPARES GRADUATES FOR PROFESSIONAL CAREERS AS FIELD SERVICE ENGINEERS AND BIOMEDICAL EQUIPMENT TECHNICIANS IN THE HEALTHCARE INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $1,327,246 Revenue: $1,361,540

MEDISEND COLLEGE OF BIOMEDICAL ENGINEERING TECHNOLOGY PROVIDES HIGH QUALITY INTENSIVE EDUCATION AND TRAINING AND OPPORTUNITIES FOR US VETERANS TO ELEVATE THEIR LIVES AND ACHIEVE FINANCIAL SECURITY AS...

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MEDISEND COLLEGE OF BIOMEDICAL ENGINEERING TECHNOLOGY PROVIDES HIGH QUALITY INTENSIVE EDUCATION AND TRAINING AND OPPORTUNITIES FOR US VETERANS TO ELEVATE THEIR LIVES AND ACHIEVE FINANCIAL SECURITY AS WELL AS MEANINGFUL SERVICE IN THE HEALTHCARE INDUSTRY. IN ADDITION, MEDISEND COLLEGE OFFERS COMPREHENSIVE BIOMEDICAL ENGINEERING TECHNOLOGY PROGRAMS TO INDIVIDUALS FROM DEVELOPING COUNTRIES. THEY RETURN TO THEIR HOMES TO IMPROVE THE OVERALL HEALTHCARE IN THEIR HOSPITALS AND COMMUNITIES.

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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%)

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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

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Governance

Voting Members
7
Independent Members
6
Employees
9
Volunteers
7

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
4
$350,417
Total Directors
8
$250,000
Key Employees
0
$0
Highest Compensated
1
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
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