ALZHEIMERS & DEMENTIA SERVICES OF MEMPHIS INC

EIN: 621179871 501(c)(3)

Memphis, TN

Total Revenue
$751,245
Total Expenses
$1,375,304
Total Assets
$5,277,723
Net Assets
$5,277,723
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
TN
Principal Officer
Katrina Thompson
Phone
9013724585
Tax Period
2024-07-01 to 2025-06-30

ALZHEIMERS & DEMENTIA SERVICES OF MEMPHIS INC, founded in 1983, is a small nonprofit that reported $751K in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 83% operating deficit.

Mission

ADS is a not for profit voluntary health and welfare agency established to provide adult day care services to persons with Alzheimer's disease and related disorders.

Program Service Accomplishments

Program 1
Expenses: $1,366,338 Revenue: $596,951

Provide adult day care services and programs to persons with alzheimer's disease and related disorders

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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 $162,671
Program Service Revenue $582,994
Investment Income $5,580
Other Revenue $0
TOTAL REVENUE $751,245

Expense Breakdown

Grants Paid $0
Salaries & Benefits $950,880
Fundraising Expenses $8,966
Program Expenses $1,366,338
Other Expenses $415,458
TOTAL EXPENSES $1,375,304

Year-over-Year Comparison

2024 2023 Change
Revenue $751,245 $711,840 +0.1%
Expenses $1,375,304 $1,352,011 +0.0%
Net Income $-624,059 $-640,171 0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
20
Volunteers
378

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
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Katrina Thompson President 1
Officer Director
$0 $0 $0
Leslie Smith-Thomas Vice President 1
Officer Director
$0 $0 $0
Ellen Edge Treasurer 1
Director
$0 $0 $0
Brinders Jones MD Secretary 1
Director
$0 $0 $0
Vivian Collier-Nelson Director 1
Officer Director
$0 $0 $0
Demetris Graham Director 1
Officer Director
$0 $0 $0
Naomi Jacobs Director 1
Officer Director
$0 $0 $0
Jacque Jenkins Director 1
Director
$0 $0 $0
Kevin Little Director 1
Director
$0 $0 $0
Paula Miller Director 1
Director
$0 $0 $0
Jacqueline Wallace Director 1
Director
$0 $0 $0
Caroline Winters Director 1
Director
$0 $0 $0
Lonnie Robinson Director 1
Officer Director
$0 $0 $0
Judy Martin Executive Director 40
Officer 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
2025 $751,245 $1,375,304 $5,277,723 $-624,059
2024 No data No data No data No data
2023 $3,414,813 $1,413,334 $6,470,897 $2,001,479
2022 $1,237,591 $1,233,526 $4,350,343 $4,065
2021 $2,133,712 $1,405,352 $4,866,660 $728,360
2020 $1,618,415 $1,483,977 $3,931,666 $134,438
2019 $1,770,291 $1,655,413 $3,793,235 $114,878
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