Salem, NH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Salemhaven Inc, founded in 1977, is a mid-sized nonprofit in the Health Care sector that reported $14.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.
In February, 1972, a group of Salem, NH residents founded the organization with the goal of developing a facility to provide health care and related services for the community's elderly population.
The Salemhaven complex provides comprehensive healthcare services, resources and accommodations (110 bed facility) for senior citizens, including the operation of a medical day care service...
The Salemhaven complex provides comprehensive healthcare services, resources and accommodations (110 bed facility) for senior citizens, including the operation of a medical day care service. Salemhaven services include providing long term care, rehabilitation including PT, OT Speech, social services for residents and families, meeting of Spiritual needs, activities, supporting many local charities and community services, hospice services and respite care. We employ over 150 workers from the local area, we subsidized Medicaid over 1 million dollars annually, and we are a participant in the local and state emergency planning programs.Silverthorne Adult Medical Day Center provides to participants: Health care monitoring, Social services, Therapeutic and recreational activities, Health Care Education to participants, families and the community. We also provide respite care for caregivers and a Caregiver Support Group monthly for families and community members.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $14,066,328 | $12,070,998 | +0.2% |
| Expenses | $14,387,291 | $14,580,117 | 0.0% |
| Net Income | $-320,963 | $-2,509,119 | -0.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Michael Carney Jr | Board Co-President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Frank Monteiro | Board Co-President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Richard Shahtanian | Board Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Michael Collins | Board Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kevin Breen | Board Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Greg Brown | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Phillip Cammarata | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Donna Harris | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jamie Santo | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Brendan Slein | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Robert Slein | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Beverly Collins | Past Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Charles Crush | Administrator | 40.00 |
Officer
|
$79,287 | $18,258 | $97,545 |
| Andrea Sherwin | Past Administrator | 40.00 |
Officer
|
$58,336 | $647 | $58,983 |
| Shakur Miro | LPN Certified | 40.00 |
Highest
|
$143,742 | $9,898 | $153,640 |
| Carolyn Farhadian | Director of Nurses | 40.00 |
Highest
|
$129,743 | $24,968 | $154,711 |
| Stephanie Gelerdes | MDS Clinical Reimb | 40.00 |
Highest
|
$125,455 | $10,182 | $135,637 |
| Cheryl Northam | Registered Nurse | 40.00 |
Highest
|
$124,676 | $0 | $124,676 |
| Kim Elliott | RN/Unit Manager | 40.00 |
Highest
|
$120,862 | $10,182 | $131,044 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $14,066,328 | $14,387,291 | $6,148,933 | $-320,963 |
| 2023 | $12,070,998 | $14,580,117 | $6,261,617 | $-2,509,119 |
| 2022 | $11,553,239 | $14,485,225 | $7,113,100 | $-2,931,986 |
| 2021 | $12,544,295 | $13,315,156 | $10,755,688 | $-770,861 |
| 2020 | $15,106,818 | $12,942,688 | $11,538,814 | $2,164,130 |
| 2019 | $11,906,817 | $12,478,397 | $9,962,768 | $-571,580 |
| 2018 | $12,063,458 | $12,609,037 | $10,130,104 | $-545,579 |
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