INDEPENDENCE MEALS ON WHEELS INC (EIN 431083396) - 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

1975

Legal Domicile

Principal Officer

JOE GALL

Phone

8162549566

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENCE MEALS ON WHEELS INC, founded in 1975, is a small nonprofit that reported $309K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $286K left a modest 7% surplus.

Mission

DELIVER HOT MEALS TO HOMEDOUND INDIVIDUALS TO SUPPORT INDEPENDENCE AND WELL-BEING OF SENIORS

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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 $123,167

Program Service Revenue $180,659

Investment Income $5,394

Other Revenue $0

TOTAL REVENUE $309,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,918

Fundraising Expenses $0

Program Expenses $280,727

Other Expenses $257,450

TOTAL EXPENSES $286,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$309,220	$349,101	-0.1%
Expenses	$286,368	$286,520	0.0%
Net Income	$22,852	$62,581	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT BOUNDS	SECRETARY	1.00	Officer Director	$0	$0	$0
JANE CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
GREG CLARK	DIRECTOR	1.00	Director	$0	$0	$0
JOE GALL	PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL GLASCO	TREASURER	1.00	Officer Director	$0	$0	$0
MARCIA GRAGG	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA LAGER	DIRECTOR	1.00	Director	$0	$0	$0
DUDLEY LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MARCELLA	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MCCROSSON	DIRECTOR	1.00	Director	$0	$0	$0
GENE MONNIG	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD PENROD	DIRECTOR	1.00	Director	$0	$0	$0
JANA WATTS	VICE PRESIDE	1.00	Officer 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	$309,220	$286,368	$328,182	$22,852
2023	$349,101	$286,520	$303,112	$62,581
2022	$248,141	$264,874	$239,859	$-16,733
2021	$264,752	$242,023	$255,562	$22,729
2020	$242,831	$221,310	$231,257	$21,521
2019	$226,843	$194,196	$207,242	$32,647
2018	$172,040	$177,427	$174,407	$-5,387

INDEPENDENCE MEALS ON WHEELS INC