MEALS ON WHEELS OF SOMERSET COUNTY INC (EIN 231307035) - 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

MARGE CODDINGTON

Phone

8144432787

Tax Period

2024-10-01 to 2025-09-30

MEALS ON WHEELS OF SOMERSET COUNTY INC, founded in 1973, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $284K in total revenue in fiscal year 2024. Revenue surged 97% from the prior year, signaling strong growth momentum. Net assets of $990K represent 42 months of operating reserves.

Mission

PROVIDING MEALS TO THE ELDERLY AND NEEDY

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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 $136,997

Program Service Revenue $86,071

Investment Income $61,005

Other Revenue $0

TOTAL REVENUE $284,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,201

Fundraising Expenses $0

Program Expenses $283,695

Other Expenses $161,356

TOTAL EXPENSES $284,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$284,073	$144,531	+1.0%
Expenses	$284,557	$281,290	+0.0%
Net Income	$-484	$-136,759	-1.0%

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

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
VINCENT BARBERA	PRESIDENT	N/A	Officer Director	$0	$0	$0
SUSAN BASTIAN	DIRECTOR	N/A	Director	$0	$0	$0
MARGE CODDINGTON	DIRECTOR	N/A	Officer Director	$0	$0	$0
LYNETTE ELY	DIRECTOR	N/A	Director	$0	$0	$0
NEIL JAMES	DIRECTOR	N/A	Director	$0	$0	$0
NITSA KARAS MCCLATCHEY	SECRETARY	N/A	Officer Director	$0	$0	$0
TODD ROWLEY	VICE-PRESIDE	N/A	Director	$0	$0	$0
RICHARD STERN	TREASURER	N/A	Officer Director	$0	$0	$0
GARY THOMAS	DIRECTOR	N/A	Director	$0	$0	$0
SAM ZIMMERMAN	DIRECTOR	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
2025	$284,073	$284,557	$991,855	$-484
2024	$144,531	$281,290	$992,175	$-136,759
2023	$242,966	$246,491	$1,129,031	$-3,525
2022	$264,687	$250,304	$1,132,115	$14,383
2021	$252,271	$226,671	$1,117,783	$25,600
2020	$278,189	$215,661	$1,092,149	$62,528
2019	$230,084	$205,430	$1,029,629	$24,654
2018	$281,740	$188,451	$1,004,757	$93,289

MEALS ON WHEELS OF SOMERSET COUNTY INC