Civic Intelligence

Medical Bridges Inc

EIN 76-0548161 • 501(c)3 • Houston, TX

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Profile

Medical Bridges recovers medical surplus that would otherwise be discarded and redistributes it to hospitals, clinics, and healthcare providers in less fortunate countries. Our goal is to continue bridging the healthcare gap, connecting those who have with those who hope.

2706 Magnet StHouston, TX 77054

www.medicalbridges.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

42nd percentile

0.11x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.04x

Higher debt load relative to revenue than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

68th percentile

14%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

42nd percentile

$165,000

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

93rd percentile

46%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-9.7%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$5,301,352

Up $1,673,508 (+46%) from 2023

Liabilities

Down

$575,364

Down $293,832 (-34%) from 2023

Net Assets

Up

$4,725,988

Up $1,967,340 (+71%) from 2023

Operations
Liabilities / Revenue18th percentileNet Margin68th percentile

Revenue

Down

$13,979,687

Down $1,502,773 (-9.7%) from 2023

Expenses

Down

$12,011,153

Down $4,372,272 (-27%) from 2023

Net Income

Up

$1,968,534

Up $2,869,499 (+318%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth93rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $2,783,649Liabilities 2010: $702,068Net Assets 2010: $2,081,5812010Assets 2011: $2,101,928Liabilities 2011: $680,501Net Assets 2011: $1,421,4272011Assets 2012: $3,075,730Liabilities 2012: $633,168Net Assets 2012: $2,442,5622012Assets 2013: $2,959,350Liabilities 2013: $342,060Net Assets 2013: $2,617,2902013Assets 2014: $3,373,393Liabilities 2014: $206,437Net Assets 2014: $3,166,9562014Assets 2015: $2,574,533Liabilities 2015: $243,538Net Assets 2015: $2,330,9952015Assets 2016: $2,585,647Liabilities 2016: $425,676Net Assets 2016: $2,159,9712016Assets 2017: $2,715,397Liabilities 2017: $397,371Net Assets 2017: $2,318,0262017Assets 2018: $4,479,010Liabilities 2018: $407,541Net Assets 2018: $4,071,4692018Assets 2019: $2,195,544Liabilities 2019: $333,660Net Assets 2019: $1,861,8842019Assets 2020: $2,007,136Liabilities 2020: $52,471Net Assets 2020: $1,954,6652020Assets 2021: $4,030,405Liabilities 2021: $505,631Net Assets 2021: $3,524,7742021Assets 2022: $5,932,030Liabilities 2022: $2,273,646Net Assets 2022: $3,658,3842022Assets 2023: $3,627,844Liabilities 2023: $869,196Net Assets 2023: $2,758,6482023Assets 2024: $5,301,352Liabilities 2024: $575,364Net Assets 2024: $4,725,9882024

Highlighted filing

2024

Assets$5,301,352
Liabilities$575,364
Net Assets$4,725,988
Open 2024 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,372,9542010Expenses 2011: $4,932,7332011Expenses 2012: $4,834,8052012Revenue 2013: $7,298,827Expenses 2013: $7,124,099Net Income 2013: $174,7282013Revenue 2014: $8,440,286Expenses 2014: $7,890,620Net Income 2014: $549,6662014Revenue 2015: $7,839,536Expenses 2015: $8,675,497Net Income 2015: -$835,9612015Revenue 2016: $6,775,726Expenses 2016: $6,946,750Net Income 2016: -$171,0242016Revenue 2017: $8,531,242Expenses 2017: $8,373,187Net Income 2017: $158,0552017Revenue 2018: $8,186,339Expenses 2018: $6,432,896Net Income 2018: $1,753,4432018Revenue 2019: $7,085,440Expenses 2019: $9,329,025Net Income 2019: -$2,243,5852019Revenue 2020: $9,001,008Expenses 2020: $8,908,227Net Income 2020: $92,7812020Revenue 2021: $10,206,946Expenses 2021: $8,636,837Net Income 2021: $1,570,1092021Revenue 2022: $10,922,111Expenses 2022: $10,788,501Net Income 2022: $133,6102022Revenue 2023: $15,482,460Expenses 2023: $16,383,425Net Income 2023: -$900,9652023Revenue 2024: $13,979,687Expenses 2024: $12,011,153Net Income 2024: $1,968,5342024

Highlighted filing

2024

Revenue$13,979,687
Expenses$12,011,153
Net Income$1,968,534
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,301,352
Liabilities
$575,364
Net assets
$4,725,988
Revenue
$13,979,687
Expenses
$12,011,153
Net income
$1,968,534
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.30$0.58$4.73$14.0$12.0$1.97
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.63$0.87$2.76$15.5$16.4$0.90
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.93$2.27$3.66$10.9$10.8$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.03$0.51$3.52$10.2$8.64$1.57
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$0.05$1.95$9.00$8.91$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.20$0.33$1.86$7.09$9.33$2.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.48$0.41$4.07$8.19$6.43$1.75
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.72$0.40$2.32$8.53$8.37$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$0.43$2.16$6.78$6.95$0.17
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.57$0.24$2.33$7.84$8.68$0.84
2014Detailed filing. Detailed filing data is available for this year.$3.37$0.21$3.17$8.44$7.89$0.55
2013Detailed filing. Detailed filing data is available for this year.$2.96$0.34$2.62$7.30$7.12$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.08$0.63$2.44$4.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.68$1.42$4.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$0.70$2.08$4.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 1, 2025
Return Version
2024v5.2
Gross Receipts
$16,199,220
Mission and Program Overview

Mission

Medical Bridges recovers medical surplus that would otherwise be discarded and redistributes it to hospitals, clinics, and healthcare providers in less fortunate countries. Our goal is to continue bridging the healthcare gap, connecting those who have with those who hope.

To procure and distribute medical equipment and supplies to underserved communities worldwide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$835,900$2,751,311▲ $1,915,411
Savings and Temporary Cash Investments$1,528,218$1,486,043▼ $42,175
Land, Buildings, and Equipment, Net$680,356$687,094▲ $6,738
Cash and Non-Interest-Bearing Accounts$468,877$297,212▼ $171,665
Pledges and Grants Receivable$66,800$67,000▲ $200
Accounts Receivable$29,868--
Prepaid Expenses and Deferred Charges$17,825$12,692▼ $5,133
Total Assets$3,627,844$5,301,352▲ $1,673,508
Liabilities
Deferred Revenue$761,863$471,712▼ $290,151
Accounts Payable and Accrued Expenses$107,333$103,652▼ $3,681
Total Liabilities$869,196$575,364▼ $293,832
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,519,850$4,479,208▲ $1,959,358
Net Assets With Donor Restrictions$238,798$246,780▲ $7,982
Total Net Assets Fund Balance$2,758,648$4,725,988▲ $1,967,340
Total Liabilities and Net Assets / Fund Balance$3,627,844$5,301,352▲ $1,673,508

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$470,255$380,526$850,781
Equipment$120,526$203,017$323,543
Land$96,313-$96,313
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Walter UlrichPresident & CEOFT$165,000$165,000

Board Members and Trustees

NameTitle
Bryan LastrapesChair
Patricia Brock Howard MDFounder, Chair Emeritus
Niel GolightlyVice Chair
Craig NunezDirector
Hayne BlakelyDirector
John MelkoDirector
Margaret A Goetz MDDirector
Mary T Neal MDDirector
Richard ClarkDirector
Spurgeon RobinsonDirector
John Zipprich IISecretary
Carl StuttsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
MaerskShipping8770 New Trails Dr, The Woodlands, TX 77381$178,187
Revenue and Support

Revenue Composition

Contributions and Grants
$13,926,983
Program Service Revenue
$0
Investment Income
$69,508
Other Revenue
$-16,804
All Other Contributions
$13,654,875
Change in Net Assets
$1,968,534

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Drugs and Medical Supplies369$12,220,024Fair Market Value (FMV)
Other Non Cash Contri Table1$53,888Fair Market Value (FMV)
Other Non Cash Contri Table24$10,130Fair Market Value (FMV)
Total Noncash Contributions394$12,284,042-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,979,687
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,194
Total Revenue per Audited Statements
$13,978,493
Total Revenue per Form 990
$13,979,687
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,814,223
Salaries, Compensation, and Employee Benefits$1,407,744
Other Expenses$789,186
Total Fundraising Expense$243,045
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$9,784,517--$9,784,517
Other Salaries and Wages$807,507$167,761$91,938$1,067,206
Current Officers, Directors, Trustees, and Key Employees$33,000$66,000$66,000$165,000
Office Expenses$119,871$24,147$16,358$160,376
Other Expenses$88,383$2,881$1,921$93,185
Payroll Taxes$63,527$17,669$11,937$93,133
Other Employee Benefits$56,210$15,633$10,562$82,405
Fees for Services Accounting-$69,000-$69,000
Insurance$44,740$6,391$12,783$63,914
Fees for Services Other$36,931$20,297$3,427$60,655
Depreciation Depletion$45,983$5,268$7,589$58,840
Occupancy$44,864$3,620$2,413$50,897
Information Technology$17,747$10,369$9,490$37,606
Grants to Domestic Orgs$28,080--$28,080
Travel$5,567$5,568$5,737$16,872
Conferences and Meetings$2,805$2,805$2,890$8,500
Grants to Domestic Individuals$1,626--$1,626
Total Functional Expenses$11,350,699$417,409$243,045$12,011,153

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,011,153
Total Expenses per Audited Statements$12,011,153
Total Expenses per Form 990$12,011,153
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Faith in PracticeHouston, TX501c3General support$0

International Summary

Offices
0
Employees
0
Spending
$9,784,517

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Russia and Neighboring StatesGrantmaking-00$5,180,212
South AsiaGrantmaking-00$2,179,037
Sub-Saharan AfricaGrantmaking-00$1,752,652
Middle East and North AfricaGrantmaking-00$667,072
Central America and the CaribbeanGrantmaking-00$5,544
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$85,704
Fundraising Gross Income$68,900
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$341,008$68,900$23,387$45,513
Total Events$341,008$68,900$85,704$-16,804
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 1A

“The primary function of the Executive Committee is to exercise powers of the board of directors for issues which arise between regularly scheduled board meetings or when it is not practical or feasible for the board to meet. The Executive Committee includes the Chair Emeritus & Founder; current board officers (Chair, Vice Chair, Treasurer, and Secretary); the chairs of the standing committees and the President/CEO as ex-officio members. All Executive Committee members are duly elected active members of the board of directors and have oversight management authority in all aspects relative to their stated positions on the board.”

Form 990, Part VI, Section B, line 11B

“The Finance and Audit Committee (elected members of the board plus one outside independent accountant) review and approve Form 990. Upon approval, the form is made available to the full board prior to filing with the IRS.”

Form 990, Part VI, Section B, line 12C

“The Governance Committee oversees management by conducting regularly scheduled meetings. When selecting board members, Medical Bridges refrains from recruiting individuals doing business with Medical Bridges or who will benefit from the relationship professionally or personally.”

Form 990, Part VI, Section B, line 15A

“The compensation of the President/CEO is determined by the Executive Committee. The process includes a review of salaries paid by agencies of comparable size and structure.”

Form 990, Part VI, Section C, line 19

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
Medical Bridges Inc
EIN
76-0548161
Phone
7137488131
Address
2706 Magnet St, Houston, TX 77054

Signing Officer

Name
Walter Ulrich
Title
President & CEO
Phone
7137488131
Signed
2025-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Walter Ulrich
Formed
1997
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
23
Volunteers
230

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Barbara Murphy
Phone
7134395739
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

“In 2024, Medical Bridges prepared and sent shipments to 22 countries. These shipments ranged in size from suitcases filled with sutures to 40-foot ocean-freight containers holding up to 1,200 boxes of supplies and equipment. Medical Bridges diligently assesses the multitude of requests received annually to ensure that consignees meet requirements both in terms of who receives the supplies and how the supplies are distributed to the community. Medical Bridges relies greatly on the expertise and time commitment of volunteers. Volunteers work in the distribution center and on special projects throughout the year; they routinely log more than 4,000 hours each year.”

Raw XML AppendixShowing 400 of 715 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Desc0Medical Bridges procures medical, dental and surgical supplies and equipment for redistribution to qualified organizations and health care professionals primarily in the developing world. Medical Bridges procures donations of surplus supplies and equipment from hospitals, clinics, private practice physicians, medical supply companies, home health agencies, and private individuals. Continued on Schedule O
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0Bryan Lastrapes
IRS990/Form990PartVIISectionAGrp/PersonNm1Niel Golightly
IRS990/Form990PartVIISectionAGrp/PersonNm2Carl Stutts
IRS990/Form990PartVIISectionAGrp/PersonNm3John Zipprich II
IRS990/Form990PartVIISectionAGrp/PersonNm4Patricia Brock Howard MD
IRS990/Form990PartVIISectionAGrp/PersonNm5Hayne Blakely
IRS990/Form990PartVIISectionAGrp/PersonNm6Richard Clark
IRS990/Form990PartVIISectionAGrp/PersonNm7Margaret A Goetz MD
IRS990/Form990PartVIISectionAGrp/PersonNm8John Melko
IRS990/Form990PartVIISectionAGrp/PersonNm9Mary T Neal MD
IRS990/Form990PartVIISectionAGrp/PersonNm10Craig Nunez
IRS990/Form990PartVIISectionAGrp/PersonNm11Spurgeon Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm12Walter Ulrich
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Founder, Chair Emeritus
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
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IRS990/PrincipalOfficerNm0Walter Ulrich
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt082722
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012
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IRS990ScheduleA/PublicSupportPY170Pct00.91060
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0203017
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IRS990ScheduleD/ExpensesSubtotalAmt012011153
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