MEMORYLANE CARE SERVICES

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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

2016

Legal Domicile

Principal Officer

SALLI BOLLIN

Phone

4197204940

Tax Period

2023-01-01 to 2023-12-31

MEMORYLANE CARE SERVICES, founded in 2016, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

TO PROVIDE CARE, SERVICES, ADVICE AND SUPPORT TO PERSONS LIVING WITH ALZHEIMER'S DISEASE, DEMENTIA AND RELATED DISORDERS, AND THEIR FAMILIES AND CAREGIVERS; TO PROVIDE EDUCATION AND INFORMATION TO THE PUBLIC AND HEALTHCARE PROFESSIONALS ABOUT THE NATURE AND EFFECT OF ALZHEIMER'S DISEASE, DEMENTIA AND RELATED DISORDERS.

Program Service Accomplishments

Program 1

Expenses: $1,044,484 Revenue: $740,665

THE ORGANIZATION PROVIDES ADULT DAY SERVICES FOR INDIVIDUALS IMPACTED BY ALZHEIMER'S DISEASE AND RELATED DEMENTIA. THE PROGRAM SERVES AS A RESPITE SERVICE FOR FAMILY CAREGIVERS AND AN OPPORTUNITY FOR PEOPLE WITH DEMENTIA TO INTERACT WITH OTHERS IN A POSITIVE, SAFE AND SUPPORTIVE ENVIRONMENT. THE CENTER IS OPEN MONDAY - FRIDAY, 7:30AM - 5:30PM, OPERATES ON A VOLUNTARY COST SHARE CONTRIBUTION AND OFFERS TRANSPORTATION TO AND FROM THE CENTER, MEALS AND SNACKS, ACTIVITIES AND ASSISTANCE WITH ADL'S.

Program 2

Expenses: $5,929 Revenue: $29,524

THE EDUCATION AND CARE COACHING PROGRAM PROVIDES FAMILIES WITH RESOURCES AND HELP WHILE THEY ARE CARING FOR SOMEONE DIAGNOSED WITH ALZHEIMER'S DISEASE OR DEMENTIA. THIS PROGRAM PROVIDES MUCH NEEDED SUPPORT, DIRECTION TO RESOURCES AND EDUCATION ABOUT DEMENTIA RELATED DISEASES FOR FAMILY CAREGIVERS.

Program 3

Expenses: $116,021 Revenue: $91,000

THE INSTITUTIONAL RESPITE PROGRAM OFFERS SHORT-TERM RESPITE CARE TO FAMILY CAREGIVERS BY ASSISTING WITH THE COST OF ROOM AND BOARD ASSOCIATED WITH A TEMPORARY RESPITE STAY IN A NURSING HOME OR...

THE INSTITUTIONAL RESPITE PROGRAM OFFERS SHORT-TERM RESPITE CARE TO FAMILY CAREGIVERS BY ASSISTING WITH THE COST OF ROOM AND BOARD ASSOCIATED WITH A TEMPORARY RESPITE STAY IN A NURSING HOME OR FACILITY. THIS PROGRAM PROVIDES A MUCH NEEDED BREAK FOR FAMILY CAREGIVESRS TO ATTEND TO PERSONAL OR MEDICAL NEEDS AND ALLOWS THE INDIVIDUAL WITH DEMENTIA TO BE CARED FOR IN A SAFE MANNER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $301,231

Program Service Revenue $861,189

Investment Income $8,832

Other Revenue $11,050

TOTAL REVENUE $1,182,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $776,105

Fundraising Expenses $8,300

Program Expenses $1,166,434

Other Expenses $488,584

TOTAL EXPENSES $1,264,689

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,182,302	$1,319,236	-0.1%
Expenses	$1,264,689	$1,282,463	0.0%
Net Income	$-82,387	$36,773	-3.2%

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

$134,078

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MALONE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ALEX CATCHINGS	CHAIR	2.00	Officer Director	$0	$0	$0
ERIC GOLUS	TREASURER	1.00	Officer Director	$0	$0	$0
ANTHONY THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
PHIL WALTON	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM WALSH	DIRECTOR	1.00	Director	$0	$0	$0
JOELLEN APGAR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DIANA WAUGH	DIRECTOR	1.00	Director	$0	$0	$0
WENDY WATSON	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE BURMAN	DIRECTOR	1.00	Director	$0	$0	$0
KAITLYN DUMMITT	DIRECTOR	1.00	Director	$0	$0	$0
DAVE KOENIG	DIRECTOR	1.00	Director	$0	$0	$0
JUDY TURNER	DIRECTOR	1.00	Director	$0	$0	$0
SALLI BOLLIN	EXECUTIVE DIRECTOR	40.00	Officer	$134,078	$0	$134,078

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	No data	No data	No data	No data
2023	$1,182,302	$1,264,689	$1,090,502	$-82,387
2022	$1,319,236	$1,282,463	$1,206,365	$36,773
2021	$1,221,935	$1,184,455	$695,033	$37,480
2020	$889,153	$954,493	$639,959	$-65,340
2019	$1,008,334	$1,007,014	$614,141	$1,320
2018	$826,804	$834,336	$602,788	$-7,532