Meals on Wheels of Chesapeake 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

1976

Legal Domicile

Principal Officer

Jim Dyche

Phone

7573126458

Tax Period

2023-07-01 to 2024-06-30

Meals on Wheels of Chesapeake Inc, founded in 1976, is a small nonprofit that reported $476K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 15% operating margin.

Mission

Meals on Wheels of Chesapeake, Inc. is a non-profit community service agency that delivers meals to the ill, handicapped, convalescent, needy and individuals maintaining independent living in their own homes in Chesapeake, VA.

Program Service Accomplishments

Program 1

Expenses: $344,855 Revenue: $475,236

In fiscal year 2024, over 500 volunteers drove 80,000 miles and donated 11,295 hours of their time and 3,176 gallons of fuel to deliver 74,950 meals and 37,475 safety checks and moments of social...

In fiscal year 2024, over 500 volunteers drove 80,000 miles and donated 11,295 hours of their time and 3,176 gallons of fuel to deliver 74,950 meals and 37,475 safety checks and moments of social connection to 330 participants. Over 70% of participants struggle to make ends meet, and 31,072 meals (41%) were provided by grants and donations. Thanks to our supportive services, participants report increased nutrition, wellbeing, safety, and economic stability, as well as decreases in isolation, malnourishment, and hunger. Donations and volunteers are needed to sustain this program.

Program 2

Expenses: $12,288 Revenue: $250

Recognizing the vital role that pets play in social wellbeing, Meals on Wheels implemented a new social connection program, PAWS(Pets Aiding the Wellbeing of Seniors) in FY 2023, with grant funding provided by Meals on Wheels America and PetSmart. 65% of participants who benefit from PAWS are low-income, and all of them struggle to make ends meet. In FY 2024, volunteers and staff coordinated the delivery of over 3,000 pounds of pet food, cat litter, puppy pads, and flea/tick collars. MOWC also partnered with area mobile veterinarian Golden Paws, who provided exemplary care, as well as a generous discount on all services. Most pets had not been to the vet in years. Donations and volunteers are needed to sustain this program.

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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 $221,187

Program Service Revenue $253,192

Investment Income $1,509

Other Revenue $0

TOTAL REVENUE $475,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,609

Fundraising Expenses $0

Program Expenses $357,143

Other Expenses $297,726

TOTAL EXPENSES $402,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$475,888	$383,013	+0.2%
Expenses	$402,335	$354,197	+0.1%
Net Income	$73,553	$28,816	+1.6%

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

500

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

$40,666

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Megan Mann	Executive Director	40.00	Officer	$40,666	$0	$40,666
Thomas Speight	President	2.00	Officer Director	$0	$0	$0
Sheryl Harts	Secretary	2.00	Officer Director	$0	$0	$0
Andrea Ruege	Vice President	0.00	Officer Director	$0	$0	$0
Jim Dyche	Treasurer	2.00	Officer Director	$0	$0	$0
Julie Ulrich	Director	0.00	Director	$0	$0	$0
Robert Culpepper	Director	0.00	Director	$0	$0	$0
Jackita Ralph	Director	0.00	Director	$0	$0	$0
Nathan Speerbrecker	Director	0.00	Director	$0	$0	$0
Phyllis Stoneburner	Director	0.00	Director	$0	$0	$0
Nancy Welch	Director	0.00	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
2025	No data	No data	No data	No data
2024	$475,888	$402,335	$256,345	$73,553
2023	$383,013	$354,197	$158,519	$28,816
2022	$292,909	$266,506	$120,937	$26,403
2021	$204,783	$190,057	$91,787	$14,726