MEALS ON WHEELS OF SUFFOLK & ISLE OF WIGHT INC (EIN 541409613) - 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

1986

Legal Domicile

Principal Officer

KAREN STOWE

Phone

7579344911

Tax Period

2024-01-01 to 2024-12-31

SUFFOLK MEALS ON WHEELS INC, founded in 1986, is a small nonprofit that reported $240K in total revenue in fiscal year 2018. Revenue decreased 17% compared to the prior year. Expenses of $265K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO DELIVER MEALS TO THE HOMEBOUND, DISABLED, AND CONVALESCENT WHO ARE UNABLE TO PREPARE THEIR MEALS. IN ADDITION, VOLUNTEERS DELIVER A PERSONAL CONNECTION THAT BATTLES ISOLATION SO PREVALENT WITH HOMEBOUND INDIVIDUALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $135,146

Program Service Revenue $175,531

Investment Income $6,290

Other Revenue $8,741

TOTAL REVENUE $325,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,030

Fundraising Expenses $0

Program Expenses $284,210

Other Expenses $181,055

TOTAL EXPENSES $292,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$325,708	$248,981	+0.3%
Expenses	$292,085	$268,511	+0.1%
Net Income	$33,623	$-19,530	-2.7%

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

250

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
KAREN PALMER	Director	0.50	Director	$0	$0	$0
ROSELAND WORRELL	Chairman	0.50	Officer Director	$0	$0	$0
CHRISTINA MARTIN	Director	0.50	Director	$0	$0	$0
KEVIN DAWKINS	Director	0.50	Director	$0	$0	$0
WESLEY KING	Director	0.50	Director	$0	$0	$0
TAMAKIA HAMLIN	Director	0.50	Director	$0	$0	$0
KAREN STOWE	Treasurer	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
2024	$325,708	$292,085	$156,821	$33,623
2023	$248,981	$268,511	$124,351	$-19,530
2022	$296,985	$280,141	$142,656	$16,844
2021	$270,294	$291,180	$128,518	$-20,886
2020	$297,604	$296,921	$146,629	$683
2019	$247,230	$282,243	$145,671	$-35,013
2018	$239,671	$265,033	$180,461	$-25,362

MEALS ON WHEELS OF SUFFOLK & ISLE OF WIGHT INC