Meals on Wheels Plus Incorporated (EIN 510148188) - 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

Phone

3256725050

Tax Period

2024-09-01 to 2025-08-31

Meals on Wheels Plus Incorporated, founded in 1975, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $6.1M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 37% operating margin.

Mission

The mission of Meals on Wheels Plus is to enhance the quality of life for seniors and other eligible adults by providing nutritionally balanced meals and supportive services.

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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 $3,907,787

Program Service Revenue $37,490

Investment Income $1,307,443

Other Revenue $869,148

TOTAL REVENUE $6,121,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,490,003

Fundraising Expenses $166,365

Program Expenses $3,412,548

Other Expenses $2,352,183

TOTAL EXPENSES $3,842,186

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,121,868	$3,882,633	+0.6%
Expenses	$3,842,186	$3,210,578	+0.2%
Net Income	$2,279,682	$672,055	+2.4%

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

818

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
William R Hoogstra	Director	1.00	Director	$0	$0	$0
Thomas Hawkins	Director	1.00	Director	$0	$0	$0
Angelita B Rodriguez	Secretary	1.00	Officer Director	$0	$0	$0
Jamie Breed	Director	1.00	Director	$0	$0	$0
Allan Farmer	Treasurer	1.00	Officer Director	$0	$0	$0
Edward Hernandez	Director	1.00	Director	$0	$0	$0
Adrienne Morgan	Vice Chairman	1.00	Officer Director	$0	$0	$0
Ken Baker	Director	1.00	Director	$0	$0	$0
Katie McCracken Gore	Member At Large	1.00	Officer Director	$0	$0	$0
Karen Barlow	Director	1.00	Director	$0	$0	$0
Sam Townsend	Director	1.00	Director	$0	$0	$0
Sean Aleman	Director	1.00	Director	$0	$0	$0
Jaime Pena	Director	1.00	Director	$0	$0	$0
Randy Duwe	Member At Large	1.00	Officer Director	$0	$0	$0
Charles Fuller	Director	1.00	Director	$0	$0	$0
Charles Shira	Director	1.00	Director	$0	$0	$0
Dr Barry Moak	Director	1.00	Director	$0	$0	$0
Jon Grant	Director	1.00	Director	$0	$0	$0
Susan Moss	Director	1.00	Director	$0	$0	$0
Jonathan Sharp	Member At Large	1.00	Officer Director	$0	$0	$0
Joel Wilks	Director	1.00	Director	$0	$0	$0
Stacie Stephenson	Director	1.00	Director	$0	$0	$0
Nick Williamson	Director	1.00	Director	$0	$0	$0
Etta B Woodward	Director	1.00	Director	$0	$0	$0
Steven R Stafford	Chairman	2.00	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
2025	$6,121,868	$3,842,186	$23,526,217	$2,279,682
2024	$3,882,633	$3,210,578	$20,200,059	$672,055
2023	$3,221,369	$3,092,116	$16,713,528	$129,253
2022	$4,178,368	$2,644,811	$15,950,146	$1,533,557
2021	$5,925,650	$2,383,663	$17,559,059	$3,541,987

Meals on Wheels Plus Incorporated