Meals on Wheels Delaware Inc (EIN 510355145) - 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

1995

Legal Domicile

Phone

3022504035

Tax Period

2023-01-01 to 2023-12-31

Meals on Wheels Delaware Inc, founded in 1995, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $897K left a modest 12% surplus.

Mission

Meals On Wheels Delaware?s MOWD mission is to raise funds, other resources, and awareness to support meal delivery programs to homebound seniors in Delaware.

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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 (2023)

Revenue Breakdown

Contributions & Grants $675,998

Program Service Revenue $0

Investment Income $12,722

Other Revenue $329,328

TOTAL REVENUE $1,018,048

Expense Breakdown

Grants Paid $414,840

Salaries & Benefits $343,133

Fundraising Expenses $251,968

Program Expenses $542,528

Other Expenses $138,617

TOTAL EXPENSES $896,590

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,018,048	$813,594	+0.3%
Expenses	$896,590	$665,231	+0.3%
Net Income	$121,458	$148,363	-0.2%

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

100

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

$86,845

Total Directors

$86,845

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anne Love	Executive Dir.	40.00	Officer Director	$86,845	$0	$86,845
Kimberly Fonda	Treasurer	1.00	Director	$0	$0	$0
Mr Michael Clement	Director	1.00	Director	$0	$0	$0
Mr Daniel C Dugan	Director	1.00	Director	$0	$0	$0
Nicole Bailey	Chairman	1.00	Director	$0	$0	$0
Vaughn Hardin	Director	1.00	Director	$0	$0	$0
Lyndon Yearick	Director	1.00	Director	$0	$0	$0
Dale Cochrhan	Director	1.00	Director	$0	$0	$0
Tom Hannum	Director	1.00	Director	$0	$0	$0
John McMahon	Director	1.00	Director	$0	$0	$0
Ben Muse	Director	1.00	Director	$0	$0	$0
Pamela Scott	Director	1.00	Director	$0	$0	$0
Patricia Schulze	Director	0.00	Director	$0	$0	$0
Devashish Guha	Director	0.00	Director	$0	$0	$0
Debbie Smith	Director	0.00	Director	$0	$0	$0
Maria Fraser	Director	1.00	Director	$0	$0	$0
Lanette Sherman	Director	1.00	Director	$0	$0	$0
Scott Baylis	Director	1.00	Director	$0	$0	$0
Elizabeth Stonebraker	Secretary	1.00	Director	$0	$0	$0
Jan Waldauer	Director	1.00	Director	$0	$0	$0
Caitlin Custer-Hufe	Director	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	No data	No data	No data	No data
2023	$1,018,048	$896,590	$2,151,519	$121,458
2022	$813,594	$665,231	$1,917,400	$148,363
2021	$927,156	$590,499	$1,898,293	$336,657
2020	$640,357	$577,998	$1,528,408	$62,359
2019	$767,103	$665,933	$1,370,396	$101,170
2018	$592,389	$563,957	$1,274,769	$28,432

Meals on Wheels Delaware Inc