Project MedSend 
The information on this page was last updated 12/19/2024. If you see errors or omissions, please email: [email protected]
Summary
MedSend equips qualified healthcare professionals to the mission field, where they serve long-term, living in community to offer care for 1:1 needs, to train indigenous health care providers, and to influence the direction of healthcare of the nations. By giving physical help to people in need, they model the love of Christ that is shown in the Gospels.
Contact information
Mailing address:
Project MedSend
1838 Gold Hill Road
Fort Mill, SC 29708
Website: medsend.org
Phone: (203) 891-8223
Email: [email protected]
Organization details
EIN: 752470543
CEO/President: Rick Allen
Chairman: Douglas Drevets
Board size: 12
Founder: Daniel Fountain & David Topazian
Ruling year: 1993
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2002
Purpose
To reach the world with compassionate care and the love of Christ by empowering committed, Christ-following healthcare professionals to minister and effectively care for those in the least served areas of the world.
Mission statement
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.
Statement of faith
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1037 of 1123 | 101 of 108 |
| Fund acquisition rating | | 1120 of 1124 | 108 of 108 |
| Resource allocation rating | | 1108 of 1124 | 107 of 108 |
| Asset utilization rating | | 516 of 1123 | 45 of 108 |
Financial ratios
| Funding ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 31% | 31% | 20% | 19% | 11% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 29% | 29% | 20% | 19% | 11% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 90% | 94% | 94% | 101% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 29% | 26% | 19% | 19% | 18% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 10% | 6% | 6% | -1% | 0% | 0% |
| Operating ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 58% | 64% | 71% | 72% | 75% |
Spending ratio Spending ratio = Total expenses / Total revenue | 100% | 102% | 113% | 105% | 99% | 61% |
Program output ratio Program output ratio = Program services / Total revenue | 83% | 59% | 72% | 74% | 72% | 46% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 0% | -2% | -13% | -5% | 1% | 39% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 0% | -2% | -11% | -4% | 1% | 48% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 13% | 10% | 11% | 9% | 7% |
| Investing ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.96 | 1.02 | 0.93 | 0.83 | 0.76 | 0.70 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.93 | 1.01 | 1.02 | 1.00 | 1.22 | 1.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.24 | 1.04 | 0.95 | 0.83 | 0.92 | 0.70 |
| Liquidity ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Current ratio Current ratio = Total current assets / Total current liabilities | 12.04 | 27.82 | 43.07 | 55.65 | 72.36 | 90.84 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.04 | 0.02 | 0.02 | 0.01 | 0.01 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.90 | 11.15 | 12.37 | 14.14 | 12.80 | 16.99 |
| Solvency ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 11% | 5% | 4% | 2% | 1% | 5% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 4% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 83% | 93% | 103% | 118% | 130% | 136% |
Financials
| Balance sheet | |||||
| Assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Cash | $640,293 | $1,479,643 | $2,072,174 | $2,263,127 | $1,825,810 |
| Receivables, inventories, prepaids | $764,621 | $313,864 | $1,060,419 | $1,022,388 | $2,301,370 |
| Short-term investments | $1,988,094 | $1,576,396 | $631,863 | $27,444 | $27,017 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3,393,008 | $3,369,903 | $3,764,456 | $3,312,959 | $4,154,197 |
| Long-term investments | $0 | $0 | $0 | $715,053 | $0 |
| Fixed assets | $0 | $0 | $1,456 | $1,381 | $2,111 |
| Other long-term assets | $42,717 | $72,995 | $0 | $0 | $1,250 |
| Total long-term assets | $42,717 | $72,995 | $1,456 | $716,434 | $3,361 |
| Total assets | $3,435,725 | $3,442,898 | $3,765,912 | $4,029,393 | $4,157,558 |
| Liabilities | 2024 | 2023 | 2022 | 2021 | 2020 |
| Payables and accrued expenses | $121,965 | $78,244 | $67,645 | $45,786 | $45,731 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $121,965 | $78,244 | $67,645 | $45,786 | $45,731 |
| Debt | $0 | $0 | $0 | $0 | $156,979 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $40,314 | $72,995 | $0 | $2,347 | $7,980 |
| Total long-term liabilities | $40,314 | $72,995 | $0 | $2,347 | $164,959 |
| Total liabilities | $162,279 | $151,239 | $67,645 | $48,133 | $210,690 |
| Net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Without donor restrictions | $2,563,281 | $3,001,361 | $3,333,435 | $2,563,555 | $1,340,332 |
| With donor restrictions | $710,165 | $290,298 | $364,832 | $1,417,705 | $2,606,536 |
| Net assets | $3,273,446 | $3,291,659 | $3,698,267 | $3,981,260 | $3,946,868 |
| Revenues and expenses | |||||
| Revenue | 2024 | 2023 | 2022 | 2021 | 2020 |
| Total contributions | $3,229,421 | $2,646,646 | $2,995,749 | $3,087,342 | $4,777,474 |
| Program service revenue | $20,768 | $8,375 | $16,474 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $197,536 | $161,931 | $1,957 | $681 | $8,694 |
| Other revenue | $0 | $53 | ($33,337) | $1,100 | $276 |
| Total other revenue | $218,304 | $170,359 | ($14,906) | $1,781 | $8,970 |
| Total revenue | $3,447,725 | $2,817,005 | $2,980,843 | $3,089,123 | $4,786,444 |
| Expenses | 2024 | 2023 | 2022 | 2021 | 2020 |
| Program services | $2,037,535 | $2,037,268 | $2,217,107 | $2,209,909 | $2,181,986 |
| Management and general | $468,721 | $324,653 | $329,660 | $266,752 | $209,706 |
| Fundraising | $1,013,439 | $830,504 | $590,897 | $585,803 | $510,780 |
| Total expenses | $3,519,695 | $3,192,425 | $3,137,664 | $3,062,464 | $2,902,472 |
| Change in net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Surplus (deficit) | ($71,970) | ($375,420) | ($156,821) | $26,659 | $1,883,972 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($71,970) | ($375,420) | ($156,821) | $26,659 | $1,883,972 |
Compensation
| Name | Title | Compensation |
| Richard C Allen | President/CEO/Chair. Retirement Oversight Comm. | $151,554 |
| Morgan Boardman | Chief Development Officer | $138,906 |
| John Simontacchi | Sr. VP of Development | $117,682 |
Compensation data as of: 6/30/2024
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 12/19/2024. To update the information below, please email: [email protected]
History
Founded in 1992
MedSend has empowered more than 700 healthcare professionals serving in areas of deep physical and spiritual need by alleviating the burden of student loan debt. As healthcare providers, they are welcomed where others are not. MedSend grant recipients staff and run hospitals and clinics, usually involving the training and mentoring of Christian nationals into professional roles serving their own people. MedSend's involvement around the world is transforming individuals, communities, and national healthcare systems through education programs and in conjunction with Ministers of Health.