Medsource Community Services INC FY2024 filing

Tax-deductible

Hagerstown, MD501(c)(3)Since 1986Human ServicesEIN 52-1479917

Medsource community services, INC. Provides residential living arrangements for maryland's disabled citizens. Medsource community services, INC. Operates with the vision that everyone has the right to choice and to individually direct their lives, personal goals and determine their outcomes. Medsource community services, INC. Is an equal opportunity employer. We celebrate diversity and are committed to providing an inclusive working environment. We DO not discriminate against age, sex, sexual orientation, race, color, religion, marital status, national origin, or physical or mental handicap.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
5 of 5
years in the black
Looks good: no deficit in the last 5 filings.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
87%
of spending
Looks good: 87% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$1.1M
to officers and key staff · 8% of spending
Looks good: leaders' pay is 8% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
9 mo
of spending, in cash
Looks good: 9.3 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $288K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$7.6M
liabilities
Looks good: debts are 34% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
8
independent of 8 voting board members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$19.5M
-19% vs prior year
Spent
$13.3M
To programs
87%
Net assets
$14.7M
By yearFY2020–FY2024
Revenue
$19.5M
FY2024▼ -19%
Revenue by fiscal year
FY2020$24.2M
FY2021$26.9M
FY2022$31.1M
FY2023$24.2M
FY2024$19.5M
FY2024$21.8M
Expenses
$13.3M
FY2024▼ -42%
Expenses by fiscal year
FY2020$23.2M
FY2021$25.2M
FY2022$29.7M
FY2023$23.1M
FY2024$13.3M
FY2024$14.4M
Net assets
$14.7M
FY2024▲ +73%
Net assets by fiscal year
FY2020$4.3M
FY2021$6.2M
FY2022$7.2M
FY2023$8.5M
FY2024$14.7M
FY2024$21.1M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CMedsource Community Services INC
EINHdr · item D52-1479917
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 1990
Year of formationHdr · item L1986
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CHagerstown, MD
NTEE classificationIRS BMFHuman Services (P20Z)
WebsiteHdr · item Jwww.medsourceservices.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$11.6M
Management & general13%$1.7M
Total functional expensesLn 25$13.3M

Financial health

Is it on solid ground?

Program efficiency
87%
of spending reaches programs
Operating runway
11.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+32%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$22.3M
FY2024▲ +32%
Total assets by fiscal year
FY2020$13.0M
FY2021$16.2M
FY2022$13.9M
FY2023$16.8M
FY2024$22.3M
FY2024$30.7M
Total liabilities
$7.6M
FY2024▼ -9%
Total liabilities by fiscal year
FY2020$8.7M
FY2021$10.0M
FY2022$6.7M
FY2023$8.3M
FY2024$7.6M
FY2024$9.5M
Revenue less expensesPt I · Ln 19$6.2M
Total assetsPt X · Ln 16$22.3M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$10.3M
Total assetsLn 16$22.3M
Total liabilitiesLn 26$7.6M
Total net assetsLn 32$14.7M
Months of cash on handcomputed9.3

Statement of Revenue

Part VIII
Program service revenue$19.1M · 98%
Investment income$451K · 2%
Program service revenue98%$19.1M
Investment income2%$451K
Contributions & grants$17K
Other revenue$2K
Total revenueLn 12$19.5M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12.6M · Operating expenses/yr $13.3M
11.4 months
Where the money goes
Program services
Program services $11.6M · Total expenses $13.3M
87%
Management & General
Management & general $1.7M · Total expenses $13.3M
13%
Fundraising
Fundraising $0 · Total expenses $13.3M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $7K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $17K · Total revenue $19.5M
0.09%
Government reliance
Government grants — · Total revenue $19.5M
—
Earned-income share
Program service revenue $19.1M · Total revenue $19.5M
98%
Investment reliance
Investment income $451K · Total revenue $19.5M
+2%
Program self-sufficiency
Program service revenue $19.1M · Total expenses $13.3M
143%
Growth & trend
Revenue growth (YoY)
This year $19.5M · Prior year $24.2M
-19%
Revenue CAGR
FY2019 $24.2M · FY2023 $19.5M
-5%
Net-asset trend (YoY)
End of year $14.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $19.5M · Expenses $13.3M
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $22.3M
—
Net-asset ratio
Net assets $14.7M · Total assets $22.3M
66%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $22.3M
11%
People & payroll
Highest Reported Total Compensation
Individual Jay Balint · Reported title EXECUTIVE DIRECTOR/PRESIDENT · Highest reported compensation $204K · Total expenses $13.3M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $10.9M · Total expenses $13.3M
82%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%——
Overhead ratio 13%——
Fundraising cost ratio 0%——
Revenue growth -19%——
Legal fee ratio <0.01%——
Accounting fee ratio 0.8%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director/President
$204,160Pt VII · Sec A
Residential Assistant
$130,114Pt VII · Sec A
$118,494Pt VII · Sec A
Program Manager
$116,468Pt VII · Sec A
Residential Assistant
$116,332Pt VII · Sec A
Program Manager
$115,709Pt VII · Sec A
Chief Financial Officer
$108,761Pt VII · Sec A
HR Director
$100,957Pt VII · Sec A

Jay Balint’s $198K as Executive Director/Preside is at the 43rd percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Jay Balint$197,675$204,160$193,706$174,206$172,586$179,536
Beulah Bowling$120,773$130,114$141,526$145,700$107,957$131,936
Marlian Ingram$127,490—————
Rebecca Guilday$122,153$116,468$110,206$111,689$109,724$105,920
Evelyn Miller-Wood$121,297$115,709$112,882$110,892$105,512$108,255
Leslie Karcher$118,973$108,761$106,556$96,805$87,622$87,495
Colleen Rollins$118,838$118,494$113,246———
Miatta Grant—$116,332————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Medsource Community Services INC is a human services nonprofit based in Hagerstown, MD, formed in 1986.

Provided by the organization

This section is blank until Medsource Community Services INC claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $11.6M of program spending, described in the organization's own filed words · FY2023.
01

Residential

Provided support to approximately 90 people with developmental disabilities in an integrated environment.

$11.5Mprogram expense
02

Behavioral Support Services and Family Support Services

Behavioral support services focus on understanding an individual's challenging behavior and implementing a plan to enhance the individual's independence and inclusion in their community. Family support services - supports the individual by focusing on the family needs.

$124Kprogram expense
03

Fiscal Management Services (fms)

Transactions related to finalizing operations related to FMS contract that was not renewed.

$33Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$288K
Grants paid · 4 grants · $54.0M · 2019–2022
Unitemized GrantFY2022$10,089,666
Unitemized GrantFY2021$17,322,838
Unitemized GrantFY2020$13,643,544
Unitemized GrantFY2019$12,988,794

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Viewing $19.5M$13.3M-19% 990 PDF
FY2023 $24.2M$23.1M-22% 990 PDF
FY2022 $31.1M$29.7M+16% 990 PDF
FY2021 $26.9M$25.2M+11% 990 PDF
FY2020 $24.2M$23.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $13,306,535 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $40,677 · Management $506,985$547,662
IX-7 Other salaries and wagesPrograms $8,379,645 · Management $400,213$8,779,858
IX-8 Pension plan contributionsPrograms $58,554 · Management $6,839$65,393
IX-9 Other employee benefitsPrograms $810,757 · Management $62,499$873,256
IX-10 Payroll taxesPrograms $610,701 · Management $61,286$671,987
IX-11b Legal feesManagement $1,023$1,023
IX-11c Accounting feesPrograms $5,249 · Management $99,727$104,976
IX-11g Other fees for servicesPrograms $37,883$37,883
IX-13 Office expensesPrograms $187,286 · Management $258,290$445,576
IX-14 Information technologyPrograms $25,793 · Management $83,405$109,198
IX-16 OccupancyPrograms $481,093 · Management $105,286$586,379
IX-17 TravelPrograms $69,961 · Management $23,931$93,892
IX-19 Conferences, conventions and meetingsManagement $16,648$16,648
IX-20 InterestPrograms $72,431 · Management $456$72,887
IX-22 Depreciation, depletion and amortizationPrograms $280,175 · Management $19,855$300,030
IX-23 InsurancePrograms $108,169 · Management $18,341$126,510
IX-24 Other expenses (24a–d)Programs $430,039 · Management $25,600$455,639
IX-24e All other expensesPrograms $17,302 · Management $436$17,738
IX-25 Total functional expensesPrograms $11,615,715 · Management $1,690,820 · Fundraising $0$13,306,535

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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