MemoryCare Inc (EIN 562178294) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

Elizabeth Stavish MD

Phone

8287712219

Tax Period

2024-01-01 to 2024-12-31

MemoryCare Inc, founded in 2000, is a community nonprofit in the Health Care sector that reported $3.2M in total revenue in fiscal year 2024. Expenses of $2.8M left a modest 13% surplus.

Mission

MemoryCares mission is three-fold: to provide specialized medical care to older adults with cognitive impairment; to support caregivers with education, counseling and...(See entire mission statement on page 2)

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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 $1,405,308

Program Service Revenue $1,209,456

Investment Income $579,407

Other Revenue $0

TOTAL REVENUE $3,194,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,167,040

Fundraising Expenses $112,629

Program Expenses $2,371,700

Other Expenses $627,329

TOTAL EXPENSES $2,794,369

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,194,171	$3,173,181	+0.0%
Expenses	$2,794,369	$2,540,724	+0.1%
Net Income	$399,802	$632,457	-0.4%

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

$135,187

Total Directors

Key Employees

$344,908

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christine Gulden MHP	Executive Director	50.00	Officer	$86,650	$6,485	$93,135
Elizabeth Stavish MBA	Departing Executive Director	50.00	Officer	$36,769	$5,283	$42,052
Margaret Noel Morris MD - Ex Offici	Medical Director/Founder	30.00	Key Emp Highest	$161,228	$8,957	$170,185
Erin Gordon DO	Associate Medical Director	50.00	Key Emp Highest	$161,473	$13,250	$174,723
Carlton D Johnson MD	Employee	45.00	Highest	$160,469	$26,647	$187,116
Amy Cohen MD	Employee	40.00	Highest	$152,251	$13,665	$165,916
Della Simon MD	Employee	40.00	Highest	$151,916	$15,998	$167,914
Laura Meherg	President	3.00	Officer Director	$0	$0	$0
Ryan Harman	Vice-President	3.00	Officer Director	$0	$0	$0
Noel Swartz CPA	Treasurer/ Secretary	3.00	Officer Director	$0	$0	$0
Georgia Crump LPN	Board Member	2.00	Director	$0	$0	$0
Faith Doyle	Board Member	2.00	Director	$0	$0	$0
Nancy Lauffer	Board Member	2.00	Director	$0	$0	$0
Doris Loomis	Board Member	2.00	Director	$0	$0	$0
Diane Mance	Board Member	2.00	Director	$0	$0	$0
Janet Moore MPS APR	Board Member	2.00	Director	$0	$0	$0
Candy Shivers	Board Member	2.00	Director	$0	$0	$0
David Whilden	Board Member	2.00	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
2024	$3,194,171	$2,794,369	$16,644,020	$399,802
2023	$3,173,181	$2,540,724	$15,689,996	$632,457
2022	$3,073,049	$2,437,381	$13,991,458	$635,668
2021	$3,451,184	$2,218,981	$14,980,122	$1,232,203
2020	$3,661,833	$2,112,798	$13,114,913	$1,549,035
2019	$2,459,138	$1,789,464	$10,992,403	$669,674
2018	$2,420,673	$1,588,816	$9,639,747	$831,857

MemoryCare Inc