PROJECT MEDSEND

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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

1992

Legal Domicile

Principal Officer

RICHARD C ALLEN

Phone

2038918223

Tax Period

2024-07-01 to 2025-06-30

PROJECT MEDSEND, founded in 1992, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2024. Expenses of $3.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

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.

Program Service Accomplishments

Program 1

Expenses: $1,186,665 Revenue: $16,520

NATIONAL SCHOLARS - MEDSEND PROVIDES GRANTS TO U.S. BASED 501(C)(3) ORGANIZATIONS THAT PROVIDE TRAINING FOR MEDICAL PROFESSIONALS IN THIRD WORLD COUNTRIES.

Program 2

Expenses: $707,902 Revenue: $24,200

LONGEVITY PROGRAMA MULTI-FACETED INITIATIVE DESIGNED TO PROVIDE PROFESSIONAL, RELATIONAL, AND SPIRITUAL SUPPORT TO HEALTHCARE MISSIONARIES. THE LONGEVITY PROJECT NOT ONLY SUPPORTS THE WELFARE OF THE MISSIONARY FAMILY BUT ALSO WORKS TO ENSURE THEY CAN CONTINUE IN THEIR SERVICE ON THE MISSION FIELD, SAVING LIVES AND INTRODUCING THEIR PATIENTS TO JESUS.

Program 3

Expenses: $572,398 Revenue: $44,249

MEDSEND TO THE WORLD - THE BOARD OF DIRECTORS CONTINUES TO MAKE COMMITMENTS TO REPAY THE EDUCATIONAL LOANS OF U.S. HEALTHCARE PROFESSIONALS DURING THEIR TERMS OF SERVICE BOTH AT HOME (USA) AND...

MEDSEND TO THE WORLD - THE BOARD OF DIRECTORS CONTINUES TO MAKE COMMITMENTS TO REPAY THE EDUCATIONAL LOANS OF U.S. HEALTHCARE PROFESSIONALS DURING THEIR TERMS OF SERVICE BOTH AT HOME (USA) AND ABROAD. APPROVED CANDIDATES AND RENEWAL CANDIDATES ARE REVIEWED AND VOTED UPON BY THE BOARD.

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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 $3,311,405

Program Service Revenue $84,969

Investment Income $188,259

Other Revenue $-33,274

TOTAL REVENUE $3,551,359

Expense Breakdown

Grants Paid $1,622,816

Salaries & Benefits $1,266,026

Fundraising Expenses $975,806

Program Expenses $2,485,715

Other Expenses $969,463

TOTAL EXPENSES $3,924,425

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,551,359	$3,447,725	+0.0%
Expenses	$3,924,425	$3,519,695	+0.1%
Net Income	$-373,066	$-71,970	+4.2%

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

$163,499

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET CROW MD-DIRECTOR	VICE CHAIR(PART YEAR)/CHAIR/CHAIR OF NOM. COM	4.00	Officer Director	$0	$0	$0
JOHN NWAGNWU	DIRECTOR/VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
CHRIS WALKER	SECRETARY/DIRECTOR	4.00	Officer Director	$0	$0	$0
DOUGLAS A DREVETS MD	CHAIRMAN/DIRECTOR (PART YEAR)	4.00	Officer Director	$0	$0	$0
ROBIN NICHOLS	TREASURER	4.00	Officer Director	$0	$0	$0
IIIONA MARUSZAK	DIRECTOR	2.00	Director	$0	$0	$0
SHANE HIGBY	DIRECTOR	4.00	Director	$0	$0	$0
DR YONG LIE LEE	DIRECTOR	2.00	Director	$0	$0	$0
PETER SHIH	DIRECTOR	2.00	Director	$0	$0	$0
DAVID WATT	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
ERIN GOELDNER-DIRCHAIR OF	GOVERNANCE & COMP. COMM. (PART-YEAR)	4.00	Director	$0	$0	$0
RYAN TAKANAGA	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH GROSS	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD C ALLEN-PRESIDENT	CEO/CHAIR. RETIREMENT OVERSIGHT COMM.	40.00	Officer	$148,557	$14,942	$163,499
MORGAN BOARDMAN	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$111,900	$32,396	$144,296
JOHN SIMONTACCHI	SR. VP OF DEVELOPMENT	40.00	Highest	$113,448	$11,836	$125,284

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	$3,551,359	$3,924,425	$3,079,136	$-373,066
2024	$3,447,725	$3,519,695	$3,435,725	$-71,970
2023	$2,817,005	$3,192,425	$3,442,898	$-375,420
2022	$2,980,843	$3,137,664	$3,765,912	$-156,821
2021	$3,089,123	$3,062,464	$4,029,393	$26,659
2020	$4,786,444	$2,902,472	$4,157,558	$1,883,972
2019	$2,837,884	$2,886,212	$2,043,634	$-48,328
2018	$2,857,723	$2,807,608	$2,057,395	$50,115