MEALS-ON-WHEELS OF NEW CANAAN INC (EIN 223070686) - 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

1990

Legal Domicile

Principal Officer

ANN GERVASE

Phone

2035945318

Tax Period

2023-07-01 to 2024-06-30

MEALS-ON-WHEELS OF NEW CANAAN INC, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $174K in total revenue in fiscal year 2023. The organization ran a surplus of $29K, a strong 16% operating margin.

Mission

MEALS ON WHEELS OF NEW CANAAN IS A NON-PROFIT COMMUNITY SERVICE WHICH PROVIDES NOURISHING MEALS EACH WEEKDAY THROUGHOUT THE YEAR TO ELIGIBLE CITIZENS OF NEW CANAAN, CONNECTICUT SO THAT THEY MAY CONTINUE TO LIVE INDEPENDENTLY IN THEIR OWN HOMES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $128,715

Program Service Revenue $28,183

Investment Income $17,041

Other Revenue $0

TOTAL REVENUE $173,939

Expense Breakdown

Grants Paid $129,178

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,178

Other Expenses $16,122

TOTAL EXPENSES $145,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$173,939	$168,999	+0.0%
Expenses	$145,300	$149,309	0.0%
Net Income	$28,639	$19,690	+0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH STUART	DIRECTOR	1.00	Director	$0	$0	$0
MARYALICE GELHAUS	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN CIOFFI	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN CORBETT	DIRECTOR	1.00	Director	$0	$0	$0
SHONA GOLDENBERG	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER VAN DE GRAAG	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE CROWLEY	DIRECTOR	1.00	Director	$0	$0	$0
ERICA EVANS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE SLOAN	PRESIDENT	1.00	Officer	$0	$0	$0
MEG MEHOS	SECRETARY	1.00	Officer	$0	$0	$0
STEVE VAN DE GRAAF	TREASURER	1.00	Officer	$0	$0	$0
ANN GERVASE	VICE PRESIDENT	1.00	Officer	$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	$173,939	$145,300	$648,555	$28,639
2023	$168,999	$149,309	$603,993	$19,690
2022	$170,915	$146,066	$573,615	$24,849
2021	$134,262	$123,329	$561,877	$10,933

MEALS-ON-WHEELS OF NEW CANAAN INC