MEALS ON WHEELS SENIOR SERVICES

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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

1978

Legal Domicile

Phone

9727719514

Tax Period

2023-10-01 to 2024-09-30

MEALS ON WHEELS SENIOR SERVICES, founded in 1978, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $953K, a strong 42% operating margin.

Mission

To keep the elderly and disabled citizens of Rockwall County living in their homes as long as safely possible through supportive services, nutritious meals, and daily human contact.

Program Service Accomplishments

Program 1

Expenses: $626,814 Revenue: $2,251,625

MEALS & EDUCATION TO ELDERLY & DISABLED

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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 $0

Program Service Revenue $2,150,699

Investment Income $100,926

Other Revenue $0

TOTAL REVENUE $2,251,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $480,804

Fundraising Expenses $383,963

Program Expenses $626,814

Other Expenses $744,112

TOTAL EXPENSES $1,298,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,251,625	$3,565,084	-0.4%
Expenses	$1,298,584	$1,372,721	-0.1%
Net Income	$953,041	$2,192,363	-0.6%

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

N/A

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

$84,119

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET M VERHAGEN	Exec. Director	40.00	Officer	$84,119	$0	$84,119
SHERI FRANZA	Director	2.00	Director	$0	$0	$0
BRENDA CROSS	Director	2.00	Director	$0	$0	$0
CHRIS MASSENBURG	Director	2.00	Director	$0	$0	$0
DAWN REDIG	Director	2.00	Director	$0	$0	$0
HOLLY LYONS	Director	2.00	Director	$0	$0	$0
KEVIN AGNO	Director	2.00	Director	$0	$0	$0
AL LEFERE	Director	2.00	Director	$0	$0	$0
SHARON RAY	Director	2.00	Director	$0	$0	$0
MIKE MISHLER	Director	2.00	Director	$0	$0	$0
ARIANA KISTNER	Vice President	2.00	Officer	$0	$0	$0
SUSAN SCOTT	Treasurer	2.00	Officer	$0	$0	$0
ERIN NEILL	Secretary	2.00	Officer	$0	$0	$0
DENIS LEWIS	President	2.00	Officer	$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	$2,251,625	$1,298,584	$5,196,966	$953,041
2023	$3,565,084	$1,372,721	$4,262,612	$2,192,363
2022	$1,869,741	$1,140,980	$2,075,731	$728,761
2021	$1,243,867	$939,040	$1,328,484	$304,827
2020	$1,304,595	$857,384	$1,029,598	$447,211
2019	$756,977	$798,728	$548,281	$-41,751
2018	$773,545	$614,916	$488,917	$158,629