MEALS OF JOY (EIN 472668533) - 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

2014

Legal Domicile

Principal Officer

Jim Frey

Phone

6235949588

Tax Period

2024-07-01 to 2025-06-30

MEALS OF JOY, founded in 2014, is a small nonprofit that reported $622K in total revenue in fiscal year 2024.

Mission

Meals of Joy enhances the life quality of vulnerable seniors and veterans by addressing food insecurities, social isolation and loneliness to help our aging population live a healthy, active life.

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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 $286,358

Program Service Revenue $324,842

Investment Income $0

Other Revenue $10,458

TOTAL REVENUE $621,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,469

Fundraising Expenses $48,280

Program Expenses $555,921

Other Expenses $492,932

TOTAL EXPENSES $658,401

Year-over-Year Comparison

	2024	2023	Change
Revenue	$621,658	$595,503	+0.0%
Expenses	$658,401	$566,480	+0.2%
Net Income	$-36,743	$29,023	-2.3%

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

$44,542

Total Directors

$44,542

Key Employees

$30,792

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larry Cervarich	Founder (Retired and resigned in July 2025)	40	Officer Director Key Emp	$30,792	$0	$30,792
Cynthia Knaut	Secretary (Had temporary leave while Dir of Ops in 2024)	2	Officer Director	$13,750	$0	$13,750
Jim Frey	President	3	Officer Director	$0	$0	$0
John Pugsley	Vice President	1	Officer Director	$0	$0	$0
Steve Thimjon	Treasurer	3	Officer Director	$0	$0	$0
Jaime Ryum	Director	1	Director	$0	$0	$0
Jeanette Barsky	Director	1	Director	$0	$0	$0
Mike McNally	Director (Resigned effective July 30, 2025)	1	Director	$0	$0	$0
Brian Day	Director (Resigned effective August 4, 2025)	1	Director	$0	$0	$0
Susan Fix	Director (Resigned effective July 30, 2025)	1	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
2025	$621,658	$658,401	$61,528	$-36,743
2024	$595,503	$566,480	$121,079	$29,023
2023	$479,925	$477,968	$34,337	$1,957
2022	$415,801	$428,603	$35,765	$-12,802
2021	$348,426	$357,794	$44,839	$-9,368
2020	$250,462	$230,100	$58,831	$20,362

MEALS OF JOY