DEMENTIA ALLIANCE OF NORTH CAROLINA INC

EIN: 561501117 501(c)(3) Diseases & Disorders

RALEIGH, NC

Total Revenue
$1,295,758
Total Expenses
$1,031,064
Total Assets
$1,269,726
Net Assets
$1,065,384
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NC
Principal Officer
DION BENNETT
Phone
9198323732
Tax Period
2024-07-01 to 2025-06-30

DEMENTIA ALLIANCE OF NORTH CAROLINA INC, founded in 1981, is a community nonprofit in the Diseases & Disorders sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $265K, a strong 20% operating margin.

Mission

TO IMPROVE THE LIVES OF ALL NORTH CAROLINIANS IMPACTED BY DEMENTIA, ENGAGING AND EMPOWERING THEM THROUGH SUPPORT, EDUCATION AND RESEARCH.

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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 $1,164,852
Program Service Revenue $178,098
Investment Income $25,960
Other Revenue $-73,152
TOTAL REVENUE $1,295,758

Expense Breakdown

Grants Paid $116,687
Salaries & Benefits $615,408
Fundraising Expenses $135,809
Program Expenses $703,905
Other Expenses $298,969
TOTAL EXPENSES $1,031,064

Year-over-Year Comparison

2024 2023 Change
Revenue $1,295,758 $1,028,399 +0.3%
Expenses $1,031,064 $969,514 +0.1%
Net Income $264,694 $58,885 +3.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
10
Volunteers
250

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
2
$95,246
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM MURRAY CHAIR 10.00
Director
$0 $0 $0
TARA LAU VICE CHAIR 5.00
Director
$0 $0 $0
DION BENNETT TREASURER 5.00
Director
$0 $0 $0
ERIC LARSEN TREASURER (FORMER) 5.00
Director
$0 $0 $0
STEVEN MILLER SECRETARY 5.00
Director
$0 $0 $0
JOSH CHAPIN SECRETARY (24-25) 5.00
Director
$0 $0 $0
DAVID CREE BOARD MEMBER 5.00
Director
$0 $0 $0
RANDY FRASER BOARD MEMBER 5.00
Director
$0 $0 $0
LYNETTE SOMERS BOARD MEMBER 5.00
Director
$0 $0 $0
ANDREA BOZOKI MD BOARD MEMBER 5.00
Director
$0 $0 $0
KATHLEEN WELSH-BOHMER PHD BOARD MEMBER 5.00
Director
$0 $0 $0
MICHAEL CORY HOWES BOARD MEMBER 5.00
Director
$0 $0 $0
ADRIENNE SCHUTTE BOARD MEMBER 5.00
Director
$0 $0 $0
CHRIS MILLER BOARD MEMBER 5.00
Director
$0 $0 $0
CRIS CHARBONNEAU BOARD MEMBER 5.00
Director
$0 $0 $0
SANDI MASSEY BOARD MEMBER 5.00
Director
$0 $0 $0
HEATHER HOOPER EXECUTIVE DIRECTOR (FORMER) 40.00
Officer
$92,472 $2,774 $95,246
ELIZABETH HULLENDER EXECUTIVE DIRECTOR (INTERIM) 40.00
Officer
$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 $1,295,758 $1,031,064 $1,269,726 $264,694
2024 $1,028,399 $969,514 $1,047,827 $58,885
2023 $746,139 $826,140 $998,521 $-80,001
2022 $872,226 $737,495 $832,392 $134,731
2021 $585,797 $635,529 $821,877 $-49,732
2020 $569,917 $816,036 $790,391 $-246,119
2019 $509,199 $653,089 $893,383 $-143,890
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