MEALS ON WHEELS MONTGOMERY COUNTY

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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

CARRIE WATKINS

Phone

9367565828

Tax Period

2023-10-01 to 2024-09-30

MEALS ON WHEELS MONTGOMERY COUNTY, founded in 1973, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 25% operating margin.

Mission

TO FOSTER THE INDEPENDENCE AND DIGNITY OF HOMEBOUND SENIORS IN MONTGOMERY COUNTY BY PROVIDING THEM WITH NUTRITIOUS MEALS, TRANSPORTATION, AND CARING CONNECTIONS.

Program Service Accomplishments

Program 1

Expenses: $2,114,052 Revenue: $16,141

MEALS ON WHEELSOUR MEALS ON WHEELS PROGRAM PROVIDES A NUTRITIOUS WEEKDAY 247,251 MEALS PROVIDED TO 1,334 HOMEBOUND SENIORS IN MONTGOMERY COUNTY WHO COULD NOT OTHERWISE PROVIDE IT FOR THEMSELVES. THE MEAL IS DELIVERED BY A FRIENDLY STAFF OR VOLUNTEER WHO PROVIDES THE MUCH NEEDED HUMAN CONNECTION AND A SAFETY CHECK TO THIS ISOLATED AND VULNERABLE GROUP.

Program 2

Expenses: $988,885 Revenue: $5,479

TRANSPORTATION AND SHUTTLESENIOR RIDES PROVIDES APPROXIMATELY 19,179 TRIPS TO 526 SENIORS TO THE ELDERLY AND DISABLED POPULATION IN MONTGOMERY COUNTY. THE TRIPS ARE TO ESSENTIAL ERRANDS SUCH AS...

TRANSPORTATION AND SHUTTLESENIOR RIDES PROVIDES APPROXIMATELY 19,179 TRIPS TO 526 SENIORS TO THE ELDERLY AND DISABLED POPULATION IN MONTGOMERY COUNTY. THE TRIPS ARE TO ESSENTIAL ERRANDS SUCH AS MEDICAL OR SOCIAL TRIPS. WE MAINTAIN APPROXIMATELY SIX ADA EQUIPPED VEHICLES AND MAINTAIN A FEDERALLY FUNDED CAB VOUCHER PROGRAM TO PROVIDE SERVICES IN MORE RURAL AREAS AND OUTSIDE REGULAR BUSINESS HOURS.

Program 3

Expenses: $371,750 Revenue: $5,187

CONGREGATE MEALS736 SENIOR DINNERS ARE SERVED AT FOUR (4) LOCATIONS. NUTRITIONISTS PLAN THE MENUS.

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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 $5,305,201

Program Service Revenue $26,807

Investment Income $94,830

Other Revenue $236,010

TOTAL REVENUE $5,662,848

Expense Breakdown

Grants Paid $609,848

Salaries & Benefits $2,223,043

Fundraising Expenses $387,656

Program Expenses $3,474,687

Other Expenses $1,404,055

TOTAL EXPENSES $4,236,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,662,848	$3,543,978	+0.6%
Expenses	$4,236,946	$3,752,082	+0.1%
Net Income	$1,425,902	$-208,104	-7.9%

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

1355

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

$303,441

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY COUNCILL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRISTOPHER JOHNSON	FINANCE	1.00	Officer Director	$0	$0	$0
HEIDI LEGENDRE	GOVERNANCE/SECRETARY	1.00	Officer Director	$0	$0	$0
BRITTANY SLOAN	LEGAL COUNCIL	1.00	Officer Director	$0	$0	$0
JB CHEATHAM	DIRECTOR	1.00	Director	$0	$0	$0
DANNY HOLDERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JASON MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JUSTUS CORLEY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PILGRIM	DIRECTOR	1.00	Director	$0	$0	$0
SUE NETHERTON	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE WATKINS	PRESIDENT & CEO (BEGIN JUNE 2024)	45.00	Officer	$106,572	$12,751	$119,323
SUMMER DAY	PRESIDENT & CEO (UNTIL JUNE 2024)	45.00	Officer	$168,119	$15,999	$184,118

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	$5,662,848	$4,236,946	$6,185,705	$1,425,902
2023	$3,543,978	$3,752,082	$4,398,557	$-208,104
2022	$3,501,449	$3,521,127	$4,525,331	$-19,678
2021	$4,979,317	$3,121,636	$4,669,628	$1,857,681
2020	$3,352,335	$2,575,081	$3,052,229	$777,254
2019	$3,653,006	$2,471,283	$1,922,311	$1,181,723