MEALS OF VIRGINIA BEACH INC (EIN 237364149) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

VICKI RADER

Phone

7573062721

Tax Period

2024-01-01 to 2024-12-31

MEALS OF VIRGINIA BEACH INC MEALS ON WHEELS OF VIRGINIA BEACH, founded in 1974, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $273K in total revenue in fiscal year 2018. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 32% operating margin.

Mission

DELIVERING MEALS TO HOMEBOUND PERSONS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $303,114

Program Service Revenue $74,776

Investment Income $8,025

Other Revenue $0

TOTAL REVENUE $385,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,266

Fundraising Expenses $2,313

Program Expenses $333,968

Other Expenses $277,452

TOTAL EXPENSES $359,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$385,915	$254,327	+0.5%
Expenses	$359,718	$367,070	0.0%
Net Income	$26,197	$-112,743	-1.2%

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

403

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

$50,900

Total Directors

$50,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACIE MINER	EXECUTIVE DI	40.00	Officer Director	$50,900	$0	$50,900
DAN DUQUETTE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
LAURIE GALDO	DIRECTOR	N/A	Director	$0	$0	$0
MARY MACLEOD	DIRECTOR	N/A	Director	$0	$0	$0
ELLEN MANION	DIRECTOR	N/A	Director	$0	$0	$0
MARY MOSBY	DIRECTOR	N/A	Director	$0	$0	$0
VICKI RADER	PRESIDENT	N/A	Officer Director	$0	$0	$0
DAVID REDA	DIRECTOR	N/A	Director	$0	$0	$0
LOU SCHROEDER	DIRECTOR	N/A	Director	$0	$0	$0
VICKI VAUGHAN	SECRETARY	N/A	Officer Director	$0	$0	$0
RICHARD VOLTZ	DIRECTOR	N/A	Director	$0	$0	$0
LES WATSON	TREASURER	N/A	Officer Director	$0	$0	$0
DOT WOOD	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
2024	$385,915	$359,718	$545,255	$26,197
2023	$254,327	$367,070	$443,420	$-112,743
2022	$256,252	$416,543	$485,245	$-160,291
2021	$351,255	$402,873	$718,185	$-51,618
2020	$270,957	$275,404	$705,009	$-4,447
2019	$197,166	$227,824	$673,104	$-30,658
2018	$273,160	$185,146	$637,803	$88,014

MEALS OF VIRGINIA BEACH INC