MEALS ON WHEELS OF STATEN ISLAND INC (EIN 132894978) - 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

1977

Legal Domicile

Principal Officer

JOSEPH TORNELLO

Phone

7187274435

Tax Period

2024-07-01 to 2025-06-30

MEALS ON WHEELS OF STATEN ISLAND INC, founded in 1977, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $8.8M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 24% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE NUTRITIOUS MEALS DAILY, DELIVERED THROUGH VOLUNTEERS & STAFF TO ELDERLY HOMEBOUND STATEN ISLAND RESIDENTS UNABLE TO SHOP FOR OR PREPARE THEIR OWN MEALS.

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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 $7,956,082

Program Service Revenue $206,589

Investment Income $589,138

Other Revenue $84,194

TOTAL REVENUE $8,836,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,230,922

Fundraising Expenses $76,215

Program Expenses $5,263,491

Other Expenses $3,448,772

TOTAL EXPENSES $6,703,694

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,836,003	$6,297,903	+0.4%
Expenses	$6,703,694	$5,745,197	+0.2%
Net Income	$2,132,309	$552,706	+2.9%

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

250

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

$530,703

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH TORNELLO	PRESIDENT/CE	35.00	Officer	$207,080	$29,319	$236,399
ROSEANN HOLT	VICE PRES/CO	35.00	Officer	$169,675	$15,801	$185,476
JOHN FIORE	CFO	35.00	Officer	$105,320	$3,508	$108,828
SUSAN REILLY	REGISTERED N	35.00	Highest	$110,914	$14,688	$125,602
MICHAEL ASSENZA	MEMBER AT LA	1.00	Director	$0	$0	$0
THOMAS BEYAR	DIRECTOR	1.00	Director	$0	$0	$0
SHELDON BLACKMAN PHD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BLOOMFIELD	DIRECTOR	1.00	Director	$0	$0	$0
GERALD BURT SR	DIRECTOR	1.00	Director	$0	$0	$0
JASMINE CARDONA	DIRECTOR	1.00	Director	$0	$0	$0
KILLIAN TORMEY CLIFFORD	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY DANNA ESQ	DIRECTOR	1.00	Director	$0	$0	$0
ERIC FELDMANN	MEMBER AT LA	1.00	Director	$0	$0	$0
OLGA GAETA - EMERITUS	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE GUINTA	DIRECTOR	1.00	Director	$0	$0	$0
ANNAMARIE GULINO-GENTILE ESQ	MEMBER AT LA	1.00	Director	$0	$0	$0
JOHN LAURIA	DIRECTOR	1.00	Officer Director	$0	$0	$0
GARY LI GRECI	DIRECTOR	1.00	Director	$0	$0	$0
EDWINA FRANCES MARTIN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
PETER F MARTIN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
PANKAJ R PATEL MD	DIRECTOR	1.00	Director	$0	$0	$0
MARK RUSSO	MEMBER AT LA	1.00	Director	$0	$0	$0
JEANNE SARNO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SCAMARDELLA	DIRECTOR	1.00	Director	$0	$0	$0
MARK TRANCHINA	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN V GATTULLO	CHAIR	1.00	Officer Director	$0	$0	$0
JEAN RINGHOFF	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARY-BETH FRANCIS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTOPHER RUBANO	TREASURER	1.00	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	$8,836,003	$6,703,694	$21,144,178	$2,132,309
2024	$6,297,903	$5,745,197	$18,682,910	$552,706
2024	$5,906,832	$5,745,197	$17,536,494	$161,635
2023	$6,149,313	$5,642,101	$17,623,626	$507,212
2022	$6,231,063	$5,796,581	$16,126,953	$434,482
2021	$8,552,345	$4,601,337	$16,622,362	$3,951,008
2020	$4,878,021	$4,590,139	$12,604,893	$287,882
2019	$4,231,460	$4,304,738	$11,886,439	$-73,278

MEALS ON WHEELS OF STATEN ISLAND INC