MedGlobal Inc

EIN: 822517347 501(c)(3) Health Care

Chicago Ridge, IL

Total Revenue
$33,542,803
Total Expenses
$24,364,433
Total Assets
$15,657,236
Net Assets
$13,789,687
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
IL
Phone
7089356723
Tax Period
2024-01-01 to 2024-12-31

MedGlobal Inc, founded in 2017, is a mid-sized nonprofit in the Health Care sector that reported $33.5M in total revenue in fiscal year 2024. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.2M, a strong 27% operating margin.

Mission

MedGlobal is a humanitarian non-governmental organization working to serve vulnerable communities around the world by providing innovative, free, and sustainable healthcare. Our health services support refugees, displaced persons, and other marginalized communities in crisis-affected and low-resource settings. MedGlobal supports local medical providers and humanitarian partners, builds capacity through critical health training, works with local communities on critical public health responses, deploys healthcare volunteers, and donates medical equipment, medications and supplies. These services provide life-saving and life-sustaining care, based on needs-assessments and best practices, to the most vulnerable around the world.

Program Service Accomplishments

Program 1
Expenses: $20,714,590

Medglobal has helped build resilience for refugees, IDP, & vulnerable communities in disaster regions, low resource countries and fragile states through partnering with local NGOs, providing...

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Medglobal has helped build resilience for refugees, IDP, & vulnerable communities in disaster regions, low resource countries and fragile states through partnering with local NGOs, providing training, donating medical technology & supplies and providing direct medical care around the world.- Since August 2017, MedGlobal has supported healthcare and emergency humanitarian responses in countries affected by crises, conflicts, and natural disasters, as well as low-resource settings.- MedGlobal currently supports local healthcare for vulnerable populations in Bangladesh, Colombia, Ecuador, Gaza, Greece, Lebanon, Pakistan, Sudan, Syria, the United States, and Yemen. - MedGlobal supports local medical professionals responding to health crises, including a health clinic in Coxs Bazar, Bangladesh that has served over 122,000 Rohingya refugees and a health clinic supporting maternal and child care for Venezuelan migrants in Colombia. - MedGlobal facilitates health training and education to build the capacity of local partners and health professionals, with a particular focus on the Helping Babies Breath to reduce neonatal mortality, use of point-of-care ultrasounds, critical care, COVID-19 management, and mental health/ psychological first aid. - MedGlobal has distributed the most critically needed medical equipment, medications, and supplies based on comprehensive needs assessments. MedGlobal regularly supports health responses in Gaza, Syria, Ecuador, Lebanon, Yemen, Sudan, and Pakistan.- In addition to building local healthcare capacity, MedGlobal has been supported by 455 volunteer nurses, pediatricians, paramedics, OB/GYNs, and medical professionals of all specialties from 26 countries, who have volunteered their skills to provide health services and training to communities around the world. - Since the COVID-19 pandemic began, MedGlobal increased the scope and scale of its medical responses, providing critical supplies and training for the COVID-19 response while continuing to support core health services. In the first six months of the pandemic, MedGlobal responded to COVID-19 outbreaks in 10 countries, provided more than $1.85 million towards the COVID-19 response globally, donated over 982,000 items of personal protective equipment (PPE) and over 37,000 critical medical supplies, trained 393 healthcare workers in COVID-19 management, and reached more than 1.75 million people.

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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 (2024)

Revenue Breakdown

Contributions & Grants $33,542,803
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $33,542,803

Expense Breakdown

Grants Paid $1,106,134
Salaries & Benefits $785,715
Fundraising Expenses $1,692,494
Program Expenses $20,714,590
Other Expenses $22,472,584
TOTAL EXPENSES $24,364,433

Year-over-Year Comparison

2024 2023 Change
Revenue $33,542,803 $16,508,033 +1.0%
Expenses $24,364,433 $16,033,020 +0.5%
Net Income $9,178,370 $475,013 +18.3%
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
15
Independent Members
15
Employees
10
Volunteers
455

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tracy Ibgui RN Director 5.00
Director
$0 $0 $0
Moeen Saleem MD Director 5.00
Director
$0 $0 $0
Ted Barnett MD Director 4.00
Director
$0 $0 $0
Mohammed Abunada Director 4.00
Director
$0 $0 $0
Joshua Hoyt Director 4.00
Director
$0 $0 $0
Nahreen Ahmed MD Director 4.00
Director
$0 $0 $0
LaDale George Director 4.00
Director
$0 $0 $0
Riley Jones MD Director 4.00
Director
$0 $0 $0
Rolla Sweis Director 4.00
Director
$0 $0 $0
Alfredo Mena Lora MD Director 4.00
Director
$0 $0 $0
Sam Song MD Director 4.00
Director
$0 $0 $0
Stevan Weine MD Director 4.00
Director
$0 $0 $0
Mohammed Z Sahloul MD President 15.00
Officer
$0 $0 $0
Hena Ibrahim MD Secretary 10.00
Officer
$0 $0 $0
Len Rubenstein Treasurer 5.00
Officer
$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
2024 $33,542,803 $24,364,433 $15,657,236 $9,178,370
2023 $17,441,185 $16,229,714 $5,374,321 $1,211,471
2023 $16,508,033 $16,033,020 $5,636,439 $475,013
2023 $16,508,033 $16,033,020 $5,636,439 $475,013
2022 $12,632,992 $11,932,955 $3,388,918 $700,037
2021 $6,071,453 $5,217,835 $2,766,181 $853,618
2020 $12,747,225 $12,557,572 $1,933,882 $189,653
2019 $5,803,706 $4,777,146 $1,619,990 $1,026,560
2018 $2,188,842 $1,949,407 $600,015 $239,435
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