Salemhaven Inc

EIN: 020325847 501(c)(3) Health Care

Salem, NH

Total Revenue
$14,066,328
Total Expenses
$14,387,291
Total Assets
$6,148,933
Net Assets
$675,043
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NH
Principal Officer
Charles Crush
Phone
6038935586
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

Healthcare services for the elderly

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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 $54,335
Program Service Revenue $13,904,607
Investment Income $19,238
Other Revenue $88,148
TOTAL REVENUE $14,066,328

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,351,116
Fundraising Expenses $0
Program Expenses $12,898,763
Other Expenses $5,036,175
TOTAL EXPENSES $14,387,291

Year-over-Year Comparison

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%
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

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

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Governance

Voting Members
11
Independent Members
11
Employees
187
Volunteers
11

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
7
$156,528
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
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
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 $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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