Charlotte Neuroscience Foundation … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

Janet LeClair

Phone

7045773186

Tax Period

2024-07-01 to 2025-06-30

Charlotte Neuroscience Foundation DBA Memory and Movement Charlotte, founded in 2013, is a community nonprofit in the Diseases & Disorders sector that reported $5.4M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 20% operating margin.

Mission

To impact the lives of individuals living with cognitive impairment and movement disorders as well as those who care for them, to provide patients with specialized medical care through an in-depth assessment of the medical, safety and behavioral needs of the patients and to support caregivers and the whole family with education, counseling, and improved access to services.

Program Service Accomplishments

Program 1

Expenses: $3,850,123 Revenue: $2,520,567

Charlotte Neuroscience Foundation (DBA Memory & Movement Charlotte) is a non-profit medical practice that offers treatment and support to patients and their families battling Alzheimers Disease...

Charlotte Neuroscience Foundation (DBA Memory & Movement Charlotte) is a non-profit medical practice that offers treatment and support to patients and their families battling Alzheimers Disease, Parkinsons Disease, and related disorders. Using a time-and-attention model, Memory & Movement Charlotte is devoted to meeting the medical, safety and behavioral needs of patients and develops a patient-centric care plan as a roadmap to address every aspect of the patients needs. In concert with patient care, caregivers receive continuing education, time to ask questions and express concern throughout the caregiving journey. Memory & Movement Charlotte has three physician led clinical teams caring for almost 1,400 patients and 3,000 caregivers.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,826,940

Program Service Revenue $2,520,567

Investment Income $16,299

Other Revenue $17,312

TOTAL REVENUE $5,381,118

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,354,712

Fundraising Expenses $171,552

Program Expenses $3,850,123

Other Expenses $965,846

TOTAL EXPENSES $4,320,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,381,118	$3,654,867	+0.5%
Expenses	$4,320,558	$3,575,586	+0.2%
Net Income	$1,060,560	$79,281	+12.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$213,363

Total Directors

$101,032

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sanjay Iyer MD	Medical Director	40.00		$339,219	$8,262	$347,481
Aristides Chaconas MD	Physician	40.00		$302,118	$2,982	$305,100
Anita Wu MD	Physician	40.00		$221,313	$7,572	$228,885
Johnnie Waataja	Physicians Assist.	40.00		$111,647	$12,961	$124,608
Robyn Wolkofsky	Physicians Assist.	40.00		$116,085	$6,825	$122,910
Janet LeClair	CEO	40.00	Officer	$105,068	$7,263	$112,331
Charles H Edwards II MD	Vice Chair	32.00	Officer Director	$101,032	$0	$101,032
John Chanon	Chair	0.50	Officer Director	$0	$0	$0
Scott Kerr	Treasurer	0.50	Officer Director	$0	$0	$0
John Beyer	Secretary	0.50	Officer Director	$0	$0	$0
Hannah Dickerson	Devt Chair	0.50	Director	$0	$0	$0
Bernard Burns	Director	0.50	Director	$0	$0	$0
Bill Crowder	Director	0.50	Director	$0	$0	$0
Cindy Grim	Director	0.50	Director	$0	$0	$0
Joe Marley	Director	0.50	Director	$0	$0	$0
John McAlister	Director	0.50	Director	$0	$0	$0
Harsha Mirchandani	Director	0.50	Director	$0	$0	$0
Camille Salisbury	Director	0.50	Director	$0	$0	$0
Don Taft	Director	0.50	Director	$0	$0	$0

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
2025	$5,381,118	$4,320,558	$4,179,996	$1,060,560
2024	$3,654,867	$3,575,586	$3,111,504	$79,281
2023	$3,020,612	$2,973,932	$3,018,558	$46,680
2022	$3,290,485	$2,768,595	$3,082,037	$521,890
2021	$2,731,013	$2,362,702	$1,381,981	$368,311
2020	$1,870,984	$2,175,881	$1,077,791	$-304,897
2019	$1,214,793	$1,075,250	$1,126,652	$139,543

Charlotte Neuroscience Foundation DBA Memory and Movement Charlotte