Memorycare
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Supports older adults with cognitive loss and their caregivers through specialized care and education. For fiscal year 2024 it reported $3.2M in revenue, $2.8M in expenses, and $16.4M in net assets.Pt I
Summary of the Filing
Where the work happens
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.
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.
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.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Erin Gordon DO’s $161K as Associate Medical Director is at the 58th percentile of top reported officer pay among 3116 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Virginia Templeton MD | — | $214,714 | $210,000 | $188,074 | $189,382 |
| Carlton D Johnson MD | $160,469 | $165,944 | $170,245 | $173,373 | $170,282 |
| Erin Gordon DO | $161,473 | — | — | — | — |
| Margaret Noel Morris MD - Ex Offici | $161,228 | $130,077 | — | — | — |
| Amy Cohen MD | $152,251 | — | — | — | $159,997 |
| Della Simon MD | $151,916 | — | — | — | — |
| Della Simon | — | $149,474 | $141,058 | — | — |
| Amy Cohen | — | $146,260 | $143,316 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 85% | — | — |
| Overhead ratio | 11% | — | — |
| Fundraising cost ratio | 8% | — | — |
| Revenue growth | 1% | — | — |
| Investment management fee ratio | 0% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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