MEALS ON WHEELS OF SUFFOLK & ISLE OF WIGHT INC

EIN: 541409613 501(c)(3)

SUFFOLK, VA

Total Revenue
$325,708
Total Expenses
$292,085
Total Assets
$156,821
Net Assets
$154,833
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
VA
Principal Officer
KAREN STOWE
Phone
7579344911
Tax Period
2024-01-01 to 2024-12-31

MEALS ON WHEELS OF SUFFOLK & ISLE OF WIGHT INC, founded in 1986, is a small nonprofit that reported $326K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $292K left a modest 10% surplus.

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.

Program Service Accomplishments

Program 1
Expenses: $284,210

SUFFOLK MEALS ON WHEELS, INC. DELIVERS MEALS TO RESIDENTS LIVING IN THE CITY OF SUFFOLK AND THE COUNTY OF ISLE OF WIGHT. IN 2024, 38,656 MEALS WERE DELIVERED TO 121 INDIVIDUALS.

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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%)

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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

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Governance

Voting Members
9
Independent Members
9
Employees
9
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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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