Bloomington Meals on Wheels Inc

EIN: 310941563 501(c)(3) Food, Agriculture & Nutrition

Bloomington, IN

Total Revenue
$314,735
Total Expenses
$248,770
Total Assets
$763,641
Net Assets
$763,641
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
IN
Phone
8128222499
Tax Period
2023-01-01 to 2023-12-31

Bloomington Meals on Wheels Inc, founded in 1974, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $315K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 21% operating margin.

Mission

To provide nutritional meals to homebound persons, who are unable through medical or physical disability pursuant to certification by a license medical doctor, to purchase and prepare nourishing meals. The service is provided to the ill, disabled or elderly regardless of income and without distinction as to race, color, creed, national origin or sex.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $127,464
Program Service Revenue $142,868
Investment Income $44,403
Other Revenue $0
TOTAL REVENUE $314,735

Expense Breakdown

Grants Paid $142,738
Salaries & Benefits $61,040
Fundraising Expenses $3,825
Program Expenses $234,599
Other Expenses $44,992
TOTAL EXPENSES $248,770

Year-over-Year Comparison

2023 2022 Change
Revenue $314,735 $208,443 +0.5%
Expenses $248,770 $216,694 +0.1%
Net Income $65,965 $-8,251 -9.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
2
Volunteers
302

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
1
$42,662
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carrie McHaley Executive Dir. 20.00
Officer
$42,662 $0 $42,662
Laura Newton Board Member 1.00
Director
$0 $0 $0
Nate Myers Board Member 1.00
Director
$0 $0 $0
Susan Rannochio Board Member 1.00
Director
$0 $0 $0
Carol Weiss-Kennedy Vice Chair 1.00
Director
$0 $0 $0
Bill Gorr Board Member 1.00
Director
$0 $0 $0
Jennifer Rowe Board Member 1.00
Director
$0 $0 $0
Kathleen Boggess Board Member 1.00
Director
$0 $0 $0
Jim Ferguson Board Member 1.00
Director
$0 $0 $0
Kathy Romy Past Chair 1.00
Director
$0 $0 $0
Missy Santa Board Member 1.00
Director
$0 $0 $0
Carol Williams Secretary 1.00
Director
$0 $0 $0
Patti Russo Chair 1.00
Director
$0 $0 $0
JoAnn Clune Treasurer 1.00
Director
$0 $0 $0
Janelle EuDaly Board Member 1.00
Director
$0 $0 $0
Jim Skomp Board Member 1.00
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 No data No data No data No data
2023 $314,735 $248,770 $763,641 $65,965
2022 $208,443 $216,694 $643,629 $-8,251
2021 $260,601 $235,420 $776,318 $25,181
2020 $290,094 $188,300 $664,307 $101,794
2019 $235,230 $149,222 $516,620 $86,008
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