Asheville, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
MemoryCares mission is three-fold: to provide specialized medical care to older adults with cognitive impairment; to support caregivers with education, counseling, and improved access to services; and to provide community education.
MemoryCare was established as a community-based, charitable non-profit organization to address the need for integrated care for people with dementia that includes families throughout the process of...
MemoryCare was established as a community-based, charitable non-profit organization to address the need for integrated care for people with dementia that includes families throughout the process of their care. Now in our 25th year, we are nationally recognized as pioneers in dementia care, and remain the only program in Western Carolina that integrates family support and education with expert medical care of adults with dementia.
MemoryCare is an out-patient, consultative program with the goal that families impacted by dementia have the best possible quality of life. Dementia is a chronic, progressive illness that currently...
MemoryCare is an out-patient, consultative program with the goal that families impacted by dementia have the best possible quality of life. Dementia is a chronic, progressive illness that currently has no cure. All with the disease eventually require the help of others who themselves need support and education to manage as well as possible. Utilizing a multidisciplinary approach, our care teams provide diagnostic work-up, disease management planning, training and medical assistance to handle challenging behaviors and safety concerns, and caregiver education, counseling, and support. We help coordinate available community resources, assist low-income older adults with applications for medication assistance, and counsel individuals/families about end of life decision making. All families are provided a detailed written care plan that is amended as the illness progresses and have full access to our resource library and staff for educational material.
In 2024, our staff provided comprehensive services to 1,230 patients and 3,573 caregivers through our core clinical program. Families were seen in our Asheville office, our rural satellite clinic in...
In 2024, our staff provided comprehensive services to 1,230 patients and 3,573 caregivers through our core clinical program. Families were seen in our Asheville office, our rural satellite clinic in Waynesville, and through our home visit program in Buncombe and Haywood Counties. 35% of clients were low income by federal poverty standards. We are devoted to providing community education about dementia, caregiving, and aging-related health issues and teach professional health care students and providers on these topics as well. In 2024, we facilitated 219 presentations and educational programs. Our MemoryCaregivers Network continued to offer four monthly peer caregive support groups to all caregivers of a loved one with dementia in the community. Our electronic newsletter with information about caregiving, resources, and local events was sent to 4.814 individuals, and we maintain a Resource Library for the public with information about dementia, dementia care, healthy aging, and more.
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 | $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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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