Meals on Wheels of Asheville and Buncombe County Inc (EIN 561115597) - 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

1976

Legal Domicile

Principal Officer

Debbie Sprouse

Phone

8282535286

Tax Period

2024-07-01 to 2025-06-30

Meals on Wheels of Asheville and Buncombe County Inc, founded in 1976, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $875K, a strong 40% operating margin.

Mission

Meals on Wheels of Asheville and Buncombe County is a nonprofit organization dedicated to improving the health, safety, and independence of homebound older adults by providing nutritious, home-delivered meals and meaningful moments of human connection.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,767,119

Program Service Revenue $373,808

Investment Income $54,010

Other Revenue $8,845

TOTAL REVENUE $2,203,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $549,317

Fundraising Expenses $71,825

Program Expenses $1,140,474

Other Expenses $770,552

TOTAL EXPENSES $1,328,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,203,782	$1,443,374	+0.5%
Expenses	$1,328,869	$1,317,950	+0.0%
Net Income	$874,913	$125,424	+6.0%

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

300

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

$95,497

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debbie Sprouse	Executive Director	40.00	Officer	$80,154	$15,343	$95,497
Donna Mann Belt	President	2.00	Officer Director	$0	$0	$0
Belinda Moss	Vice Chair	2.00	Officer Director	$0	$0	$0
Pam Kellam	Treasurer	2.00	Officer Director	$0	$0	$0
Rich Fellrath	Secretary	2.00	Officer Director	$0	$0	$0
Cynthia Allman	Board Member	2.00	Director	$0	$0	$0
Wendy Baughman	Board Member	2.00	Director	$0	$0	$0
Marilyn Held	Board Member	2.00	Director	$0	$0	$0
Todd Eveland	Board Member	2.00	Director	$0	$0	$0
Marcus Goodkind	Board Member	2.00	Director	$0	$0	$0
Dr Cheryl Jefferson	Board Member	2.00	Director	$0	$0	$0
Norman Leonard	Board Member	2.00	Director	$0	$0	$0
Grant Brown	Board Member	2.00	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	$2,203,782	$1,328,869	$3,140,013	$874,913
2024	$1,443,374	$1,317,950	$2,239,532	$125,424
2023	$1,368,383	$1,199,458	$2,218,217	$168,925
2022	$1,303,669	$1,042,611	$1,939,020	$261,058
2021	$1,312,315	$903,533	$1,814,825	$408,782
2020	$975,652	$818,962	$1,398,478	$156,690
2019	$773,626	$804,836	$1,209,537	$-31,210
2018	$687,006	$802,144	$1,203,652	$-115,138

Meals on Wheels of Asheville and Buncombe County Inc