WinstonSalem, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Moravian Home Incorporated dba Salemtowne, founded in 1971, is a mid-sized nonprofit in the Human Services sector that reported $41.5M in total revenue in fiscal year 2024.
Salemtowne is a nonprofit continuing care retirement community that promotes the well-being of its residents by providing a caring environment. Salemtowne is an ecumenical community that reflects the Moravian values of individual respect, hospitality, lifelong learning, and love of the arts.
SALEMTOWNE PROVIDED SERVICES THROUGH LONG-TERM CARE FOR ELDERLY IN THE WINSTON-SALEM COMMUNITY AND SURROUNDING AREAS. IT IS THE MISSION OF THE SALEMTOWNE COMMUNITY OUTREACH PROGRAM TO PROVIDE...
SALEMTOWNE PROVIDED SERVICES THROUGH LONG-TERM CARE FOR ELDERLY IN THE WINSTON-SALEM COMMUNITY AND SURROUNDING AREAS. IT IS THE MISSION OF THE SALEMTOWNE COMMUNITY OUTREACH PROGRAM TO PROVIDE RESOURCES FOR SERVICES, PROGRAMS AND EDUCATION THAT ENHANCE THE QUALITY OF LIVING AND CARE FOR SENIOR ADULTS OF PIEDMONT NORTH CAROLINA. SALEMTOWNE STRIVES TO SHARE ITS EXPERTISE IN THE AREA OF AGING BY OFFERING EDUCATION AND TRAINING TO SENIOR ADULTS, FAMILIES AND CAREGIVERS; BY UTILIZING ITS TIME, TALENTS, AND FACILITIES FOR PROGRAMS AND EDUCATION; AND BY SPONSORING AND/OR SUPPORTING PROGRAMS OF ORGANIZATIONS AND ASSOCIATIONS DEDICATED TO SENIOR ADVOCACY.
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 | $41,505,884 | $39,341,268 | +0.1% |
| Expenses | $42,991,730 | $40,041,593 | +0.1% |
| Net Income | $-1,485,846 | $-700,325 | +1.1% |
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 |
|---|---|---|---|---|---|---|
| Corlis Sellers-Drummond | Secretary | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| Larry Colbourne | Treasurer | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| Marty Edwards | Chair | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| Terry Williams | Vice Chair | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| Aimee Smith | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| Chris Thore | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| Elms Allen | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| John Ferguson | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| Kevin Owen | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| Leslee Battle | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| Michelle Cook | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| R Patrick Yeatts | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| Rose Simon | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| Russell Armistead | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| Scott Southerland | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| Tim Gardner | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| Mark Steele | President/CEO (outgoing) | 40.0 |
Officer
|
$276,910 | $60,129 | $337,039 |
| PAUL E HARRISON | President/CEO (incoming) | 40.0 |
Officer
|
$126,363 | $6,559 | $132,922 |
| Tracy Beisecker | CFO | 40.0 |
Officer
|
$227,608 | $9,102 | $236,710 |
| ALLISON E VESSELS | VP of HR/Resident Services | 40.0 |
Key Emp
|
$181,309 | $17,721 | $199,030 |
| KRISTIN J STATHERS | VP of Healthcare Services | 40.0 |
Key Emp
|
$154,734 | $2,624 | $157,358 |
| TIMOTHY S DAHLKE | Director of Facilities | 40.0 |
Key Emp
|
$156,216 | $5,437 | $161,653 |
| Anne Burris | VP of Marketing and Sales | 40.0 |
Highest
|
$165,733 | $15,721 | $181,454 |
| CANDISE G ELDRIDGE | Licensed Practical Nurse | 40.0 |
Highest
|
$147,652 | $2,942 | $150,594 |
| ERIC KIRKEENG | General Manager of Culinary Services | 40.0 |
Highest
|
$127,077 | $1,047 | $128,124 |
| Renee Brumagin | Director of Marketing | 40.0 |
Highest
|
$112,317 | $12,492 | $124,809 |
| Stephanie Stone | Director of Nursing | N/A |
Highest
|
$136,399 | $1,358 | $137,757 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $41,505,884 | $42,991,730 | $124,402,490 | $-1,485,846 |
| 2024 | $39,341,268 | $40,041,593 | $131,234,419 | $-700,325 |
| 2023 | $40,790,928 | $40,646,316 | $131,791,581 | $144,612 |
| 2022 | $36,716,865 | $39,004,328 | $135,166,146 | $-2,287,463 |
| 2021 | $33,077,118 | $35,454,523 | $137,193,397 | $-2,377,405 |
| 2020 | $30,165,424 | $32,378,283 | $143,877,398 | $-2,212,859 |
| 2019 | $28,128,831 | $33,061,946 | $143,625,335 | $-4,933,115 |
| 2018 | $24,274,947 | $28,349,675 | $112,397,128 | $-4,074,728 |
Compare Moravian Home Incorporated dba Salemtowne with other nonprofits in North Carolina and across the country.