MEALS ON WHEELS OF GREATER NEWBURGH INC (EIN 141557787) - 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

1973

Legal Domicile

Principal Officer

CAROLE MCDERMOTT

Phone

8455623490

Tax Period

2024-01-01 to 2024-12-31

MEALS ON WHEELS OF GREATER NEWBURGH INC, founded in 1973, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $228K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

PREPARE HOT & COLD MEALS, PACK AND DELIVER THEM TO HOMEBOUND INDIVIDUALS WHO ARE UNABLE TO COOK FOR THEMSELVES DUE TO AGE, ILLNESS, INJURY OR DISABILITY.

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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 $135,395

Program Service Revenue $86,555

Investment Income $6,465

Other Revenue $0

TOTAL REVENUE $228,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,683

Fundraising Expenses $31,121

Program Expenses $188,901

Other Expenses $136,416

TOTAL EXPENSES $239,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,415	$178,670	+0.3%
Expenses	$239,099	$256,085	-0.1%
Net Income	$-10,684	$-77,415	-0.9%

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

180

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

Total Directors

$31,890

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLE MCDERMOTT	PRESIDENT	20.00	Officer Director	$0	$0	$0
DARLENE PRICE	1ST VP & SECRETARY	15.00	Officer Director	$0	$0	$0
WILBUR HIGGINS	2ND VP	4.00	Officer Director	$0	$0	$0
THOMAS ROCKAFELLOW	TREASURER	10.00	Officer Director	$0	$0	$0
ROBIN BELLO	DIRECTOR (RETIRED)	20.00	Director	$19,670	$0	$19,670
JOHN DELESSIO	BOARD MEMBER	8.00	Director	$0	$0	$0
JAMES CORSETTI	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH DIRAGO	BOARD MEMBER	9.00	Director	$0	$0	$0
ANTHONY FERN	BOARD MEMBER	8.00	Director	$0	$0	$0
PHILIP LAWRY	BOARD MEMBER	2.00	Director	$0	$0	$0
LINDA LEWIS-BURGER	BOARD MEMBER	9.00	Director	$0	$0	$0
RICHARD MAYFIELD	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH RONES	BOARD MEMBER	4.00	Director	$0	$0	$0
MARTIN SHEFFIELD	BOARD MEMBER	7.00	Director	$0	$0	$0
MONA SODANO	BOARD MEMBER	8.00	Director	$0	$0	$0
RICHARD TRUOCCHIO	BOARD MEMBER	8.00	Director	$0	$0	$0
JENNIFER VERDIN	DIRECTOR	20.00	Director	$12,220	$0	$12,220
SHEILA LEASE	BOARD MEMBER	10.00	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	No data	No data	No data	No data
2024	$228,415	$239,099	$272,860	$-10,684
2023	$178,670	$256,085	$283,445	$-77,415
2022	$191,719	$163,004	$360,860	$28,715
2021	$178,160	$144,042	$332,145	$34,118
2020	$162,077	$122,187	$298,027	$39,890

MEALS ON WHEELS OF GREATER NEWBURGH INC