Meals on Wheels of Chesapeake Inc (EIN 541080366) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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 $205K in total revenue in fiscal year 2020. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $190K left a modest 7% surplus.

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.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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

Meals on Wheels of Chesapeake Inc