MEALS ON WHEELS OF CHEMUNG COUNTY INC (EIN 161353247) - 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

1970

Legal Domicile

Principal Officer

YVETTE FRANCISCO

Phone

6077349535

Tax Period

2024-01-01 to 2024-12-31

MEALS ON WHEELS OF CHEMUNG COUNTY INC, founded in 1970, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $943K in total revenue in fiscal year 2024. Net assets of $2.0M represent 26 months of operating reserves.

Mission

TO PROVIDE WELL BALANCED, NUTRITIOUS MEALS TO RESIDENTS OF CHEMUNG COUNTY WHO ARE UNABLE TO PROCURE OR PREPARE PROPER MEALS FOR THEMSELVES.

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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 $370,136

Program Service Revenue $517,812

Investment Income $2,445

Other Revenue $52,413

TOTAL REVENUE $942,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $400,452

Fundraising Expenses $0

Program Expenses $831,505

Other Expenses $554,509

TOTAL EXPENSES $954,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$942,806	$938,079	+0.0%
Expenses	$954,961	$994,977	0.0%
Net Income	$-12,155	$-56,898	-0.8%

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

195

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

$75,828

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE BOLAND	EXECUTIVE DIRECTOR	40.00	Officer	$72,401	$3,427	$75,828
MICHAEL NOVOTNY	PRESIDENT	4.00	Officer Director	$0	$0	$0
GAIL VERUTO	SECRETARY	4.00	Officer Director	$0	$0	$0
BETHANY LOHMANN	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
YVETTE FRANCISCO	TREASURER	4.00	Officer Director	$0	$0	$0
DEBRA LAVIOLA	ASSISTANT SECRETARY	4.00	Officer Director	$0	$0	$0
KAREN PETERSON	ASSISTANT TREASURER	4.00	Officer Director	$0	$0	$0
MIKE CANTANDO	DIRECTOR	1.00	Director	$0	$0	$0
PETER WALLIN	DIRECTOR	1.00	Director	$0	$0	$0
CAROL HOUSSOCK	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN QUALEY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM NARSIFF	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA ARDUINI	DIRECTOR	1.00	Director	$0	$0	$0
LARRY RANSEY	DIRECTOR	1.00	Director	$0	$0	$0
FLOYD BARRETT	DIRECTOR	1.00	Director	$0	$0	$0
KAY ACKERMAN	DIRECTOR	1.00	Director	$0	$0	$0
PEG COMFORT	DIRECTOR	1.00	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
2024	$942,806	$954,961	$2,256,950	$-12,155
2023	$938,079	$994,977	$2,307,341	$-56,898
2022	$892,335	$894,262	$2,397,265	$-1,927
2021	$1,104,716	$776,317	$2,103,270	$328,399
2020	$1,180,002	$764,020	$1,821,108	$415,982
2019	$737,275	$669,424	$1,528,964	$67,851

MEALS ON WHEELS OF CHEMUNG COUNTY INC