MEALS ON WHEELS OF HORRY AND GEORGETOWN COUNTY INC (EIN 263523060) - 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

2008

Legal Domicile

Principal Officer

MICHAEL J SNUGGS TYLER

Phone

8439702330

Tax Period

2024-01-01 to 2024-12-31

MEALS ON WHEELS OF HORRY AND GEORGETOWN COUNTY INC, founded in 2008, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $755K, a strong 59% operating margin.

Mission

MEALS ON WHEELS OF HORRY AND GEORGETOWN COUNTY, INC. EXISTS TO PROVIDE NUTRITION, COMPASSION, HOPE, ASSISTANCE, HOUSING AND THE LOVE OF JESUS TO THOSE WHO ARE OR HAVE FAMILY THAT IS CLASSIFIED HOMEBOUND, ELDERLY, AND TERMINALLY ILL. WE WILL ALSO SUPPORT OTHER ORGANIZATIONS THAT ALIGN WITH OUR VALUES, ADHERING TO BIBLICAL PRINCIPLES, SUCH AS, BUT NOT LIMITED TO TITHING MONTHLY AND SHARING OVERFLOW OF GOODS

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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 $1,262,835

Program Service Revenue $0

Investment Income $22,886

Other Revenue $-4,248

TOTAL REVENUE $1,281,473

Expense Breakdown

Grants Paid $82,353

Salaries & Benefits $135,869

Fundraising Expenses $28,960

Program Expenses $442,306

Other Expenses $308,529

TOTAL EXPENSES $526,751

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,281,473	$967,153	+0.3%
Expenses	$526,751	$515,276	+0.0%
Net Income	$754,722	$451,877	+0.7%

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

475

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

$72,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY STRALEY	TREASURER	5.00	Officer Director	$0	$0	$0
DICK ROCHE	SECRETARY	5.00	Officer Director	$0	$0	$0
MICHAEL TYLER	EXECUTIVE DIRECTOR	40.00	Officer	$72,500	$0	$72,500

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	$1,281,473	$526,751	$1,495,548	$754,722
2023	$967,153	$515,276	$622,732	$451,877
2022	$372,782	$396,039	$193,307	$-23,257
2021	$293,721	$246,428	$194,305	$47,293
2020	$224,741	$172,751	$147,474	$51,990

MEALS ON WHEELS OF HORRY AND GEORGETOWN COUNTY INC