MEALS ON WHEELS MINISTRY INC (EIN 237313019) - 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

TIFFANY DAMSKOV

Phone

9035937385

Tax Period

2023-10-01 to 2024-09-30

MEALS ON WHEELS MINISTRY INC, founded in 1973, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $3.9M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $4.8M exceeded revenue, resulting in a 23% operating deficit.

Mission

EMPOWERS OLDER AND DISABLED ADULTS TO LIVE INDEPENDENTLLY IN THIER OWN HOMES BY PROVIDING NUTRITIOUS HOME-DELIVERED MEALS, SAFETY CHECKS, SOCIALIZATION, AND COMMUNITY CONNECTION, WHICH RESULT IN AN ENHANCED QUALITY OF LIFE AND PURPOSE AS EVERYDAY PEOPLE JOIN US IN MINISTRY.

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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 $3,820,247

Program Service Revenue $21,659

Investment Income $68,881

Other Revenue $14,679

TOTAL REVENUE $3,925,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,906,493

Fundraising Expenses $265,263

Program Expenses $4,076,354

Other Expenses $2,940,164

TOTAL EXPENSES $4,846,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,925,466	$5,153,643	-0.2%
Expenses	$4,846,657	$6,028,404	-0.2%
Net Income	$-921,191	$-874,761	+0.1%

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

101

Volunteers

600

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

$87,268

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STAN ANDERSON	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFF CHEAVENS	MEMBER	1.00	Director	$0	$0	$0
TAYLOR BERUMEN	MEMBER	3.00	Director	$0	$0	$0
HOLLY BISHOP	MEMBER	1.00	Director	$0	$0	$0
JOE DENSON	MEMBER	10.00	Director	$0	$0	$0
JOHN GENUNG	MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER MASSEY	SECRETARY	0.50	Officer Director	$0	$0	$0
CHRIS STEWART	MEMBER	1.00	Director	$0	$0	$0
BETTY TURMAN	MEMBER	1.00	Director	$0	$0	$0
LONNY UZZELL	MEMBER	1.00	Director	$0	$0	$0
KEVAN KIRKSEY	TREASURER	1.00	Officer Director	$0	$0	$0
TIFFANY DAMSKOV	EXEC DIRECTOR	40.00	Officer	$87,268	$0	$87,268

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	$3,925,466	$4,846,657	$2,344,967	$-921,191
2023	$5,153,643	$6,028,404	$3,833,058	$-874,761
2022	$3,269,188	$5,001,398	$3,870,328	$-1,732,210
2021	$4,374,520	$4,936,502	$4,907,342	$-561,982
2020	$4,524,724	$4,303,886	$5,316,350	$220,838
2019	$5,000,676	$4,366,950	$5,180,131	$633,726
2018	$4,315,715	$4,804,505	$4,612,093	$-488,790

MEALS ON WHEELS MINISTRY INC