MEALS ON WHEELS INC (EIN 221946479) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

GAVIN LAROSE

Phone

9084865100

Tax Period

2024-01-01 to 2024-12-31

MEALS ON WHEELS INC, founded in 1971, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $3.1M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE ORGANIZATION PROVIDES MEALS TO ELDERLY AND INFIRMED PEOPLE WHO ARE NOT ABLE TO PREPARE MEALS OR OTHERWISE TAKE CARE OF THEMSELVES. MEAL ON WHEELS SERVES THE PEOPLE OF UNION COUNTY, NEW JERSEY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $199,400

Program Service Revenue $2,356,923

Investment Income $35,995

Other Revenue $0

TOTAL REVENUE $2,592,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,274,908

Fundraising Expenses $0

Program Expenses $3,126,351

Other Expenses $1,859,847

TOTAL EXPENSES $3,134,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,592,318	$2,826,573	-0.1%
Expenses	$3,134,755	$2,971,059	+0.1%
Net Income	$-542,437	$-144,486	+2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRUDI KARPEL	BOARD MEMBER	N/A	Officer	$0	$0	$0
CHRISTOPHER HORGAN	BOARD MEMBER	N/A	Officer	$0	$0	$0
GAVIN LAROSE	EXEC DIRECTO	N/A	Officer	$0	$0	$0
NOREEN HORGAN	PRESIDENT	N/A	Officer	$0	$0	$0
EVELYN GARCIA	BOARD MEMBER	N/A	Director	$0	$0	$0
JULIO SANCHEZ	BOARD MEMBER	N/A	Director	$0	$0	$0
JANICE CHAPIN ESQ	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL RUSSELL	BOARD MEMBER	N/A	Director	$0	$0	$0
DIANE PETITTI ESQ	BOARD MEMBER	N/A	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	$2,592,318	$3,134,755	$1,692,749	$-542,437
2023	$2,826,573	$2,971,059	$2,261,584	$-144,486
2022	$3,255,081	$2,808,195	$2,362,938	$446,886
2021	$2,237,874	$2,514,088	$2,000,833	$-276,214
2020	$2,510,539	$2,369,717	$2,207,997	$140,822
2019	$2,731,258	$2,591,193	$2,071,162	$140,065
2018	$2,725,163	$2,705,479	$1,936,978	$19,684

MEALS ON WHEELS INC