Beloit 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

1971

Legal Domicile

Phone

6083623683

Tax Period

2024-01-01 to 2024-12-31

Beloit Meals on Wheels Inc, founded in 1971, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $573K in total revenue in fiscal year 2024. Net assets of $1.9M represent 39 months of operating reserves.

Mission

Beloit Meals on Wheels seeks to nourish and enrich the lives of homebound seniors to promote dignity and independent living.

Program Service Accomplishments

Program 1

Expenses: $492,935

To provide nutrtious meals to elderly and 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 (2024)

Revenue Breakdown

Contributions & Grants $463,533

Program Service Revenue $51,303

Investment Income $0

Other Revenue $58,027

TOTAL REVENUE $572,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,001

Fundraising Expenses $30,885

Program Expenses $492,935

Other Expenses $345,061

TOTAL EXPENSES $560,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$572,863	$565,495	+0.0%
Expenses	$560,062	$511,933	+0.1%
Net Income	$12,801	$53,562	-0.8%

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

650

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

$57,694

Total Directors

Key Employees

$16,034

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ellen Wiegand	Executive Director - Retired	40.00	Officer	$41,660	$0	$41,660
Linda Ross	Executive Director	40.00	Officer Key Emp	$16,034	$0	$16,034
Imelda Barajas	Secretary	1.00	Officer Director	$0	$0	$0
Michelle Fitzgerald	Director-term expired	0.00	Director	$0	$0	$0
Allen Geeser	President	1.00	Officer Director	$0	$0	$0
Brian Mertens	Director	0.00	Director	$0	$0	$0
Ed Hansen	Vice President	1.00	Officer Director	$0	$0	$0
Misty Laub	Director	0.00	Director	$0	$0	$0
Amy Lokrantz	Director	0.00	Director	$0	$0	$0
Beth Quinn	Treasurer	3.00	Officer Director	$0	$0	$0
Daniel Rodriguez	Director	0.00	Director	$0	$0	$0
Michelle Schaefer	Director	0.00	Director	$0	$0	$0
Fran Sorenson	Director	0.00	Director	$0	$0	$0
Marilyn Thomas	Director	0.00	Director	$0	$0	$0
Ellen Tillman	Director	0.00	Director	$0	$0	$0
Michelle Wetzel	Director	0.00	Director	$0	$0	$0
Tasha Johnson	Director	0.00	Director	$0	$0	$0
Chuck Wilson	President - term expired	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	$572,863	$560,062	$1,901,442	$12,801
2023	$565,495	$511,933	$1,885,798	$53,562
2023	$500,460	$511,933	$1,885,798	$-11,473
2022	$1,542,992	$465,915	$1,824,446	$1,077,077
2021	$471,497	$372,300	$775,895	$99,197
2020	$485,413	$364,036	$595,919	$121,377
2019	$383,288	$320,281	$478,402	$63,007
2018	$364,243	$354,350	$426,920	$9,893