Moravian Home Incorporated dba Salemtowne

EIN: 560963926 501(c)(3) Human Services

WinstonSalem, NC

Total Revenue
$41,505,884
Total Expenses
$42,991,730
Total Assets
$124,402,490
Net Assets
$5,316,537
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
NC
Phone
3367678130
Tax Period
2024-04-01 to 2025-03-31

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.

Mission

To be a welcoming community where senior adults flourish.

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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 $711,617
Program Service Revenue $38,181,887
Investment Income $1,361,308
Other Revenue $1,251,072
TOTAL REVENUE $41,505,884

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,773,396
Fundraising Expenses $967,223
Program Expenses $24,441,505
Other Expenses $24,218,334
TOTAL EXPENSES $42,991,730

Year-over-Year Comparison

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%
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
16
Independent Members
16
Employees
513
Volunteers
160

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
$706,671
Total Directors
16
$0
Key Employees
3
$518,041
Highest Compensated
5
reported
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
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 $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
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