MEALS ON WHEELS INC

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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

1970

Legal Domicile

Principal Officer

JAMIE JOHNSON

Phone

3172525558

Tax Period

2024-07-01 to 2025-06-30

MEALS ON WHEELS INC, founded in 1970, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $3.0M left a modest 8% surplus.

Mission

MEALS ON WHEELS IS THE LEADING PRIVATELY FUNDED ORGANIZATION PROMOTING DIGNITY AND INDEPENDENT LIVING FOR THE HOMEBOUND, THROUGH VOLUNTEER DELIVERY OF NUTRITIOUS MEALS IN THE GREATER INDIANAPOLIS AREA.

Program Service Accomplishments

Program 1

Expenses: $2,691,418 Revenue: $906,755

DELIVERY OF MEALS TO THE HOMEBOUND, ELDERLY, AND CHRONICALLY ILL IN INDIANA USING PRIMARILY VOLUNTEER DRIVERS WHO DONATE TIME, AUTOS, AND RELATED EXPENSES.

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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 $2,365,091

Program Service Revenue $906,755

Investment Income $18,789

Other Revenue $-41,881

TOTAL REVENUE $3,248,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,479,172

Fundraising Expenses $134,733

Program Expenses $2,691,418

Other Expenses $1,509,017

TOTAL EXPENSES $2,988,189

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,248,754	$2,861,214	+0.1%
Expenses	$2,988,189	$2,858,301	+0.0%
Net Income	$260,565	$2,913	+88.4%

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

400

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

$225,508

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORRIE MAMLIN	CHAIR	8.00	Officer Director	$0	$0	$0
CORY LARSEN	VICE CHAIR	6.00	Officer Director	$0	$0	$0
JAMES LAUGHMAN	TREASURER	6.00	Officer Director	$0	$0	$0
DAN CLERGET	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER CASE	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSICA MINOR	BOARD MEMBER	2.00	Director	$0	$0	$0
LESLIE WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
LINDA WEST	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL GIEFING	BOARD MEMBER	2.00	Director	$0	$0	$0
REBECCA SIGAFUS	BOARD MEMBER	2.00	Director	$0	$0	$0
REGINA SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
TAYLOR SHOCKEY	BOARD MEMBER	2.00	Director	$0	$0	$0
WANITA KUMAR	BOARD MEMBER	2.00	Director	$0	$0	$0
WENDY PARKER	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMIE JOHNSON	CEO	40.00	Officer	$118,965	$8,711	$127,676
ROBERT LEWIS	DIRECTOR OF FINANCE	40.00	Officer	$79,408	$18,424	$97,832

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
2025	$3,248,754	$2,988,189	$2,061,785	$260,565
2024	$2,918,891	$2,909,522	$1,855,586	$9,369
2023	$2,794,445	$2,842,866	$1,815,279	$-48,421
2022	$2,774,322	$2,940,940	$1,807,663	$-166,618
2021	$4,212,105	$4,535,899	$2,130,881	$-323,794
2020	$4,389,440	$4,904,973	$2,825,704	$-515,533
2019	$2,875,871	$3,033,606	$2,537,658	$-157,735
2018	$1,655,582	$1,462,503	$1,971,094	$193,079