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.

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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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Financial Health Indicators

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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
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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