MEALS ON WHEELS OF ROWAN INC

EIN: 561152417 501(c)(3) Food, Agriculture & Nutrition

SALISBURY, NC

Total Revenue
$2,324,192
Total Expenses
$1,383,898
Total Assets
$2,185,325
Net Assets
$2,088,806
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NC
Principal Officer
CINDY FINK
Phone
7046330352
Tax Period
2023-01-01 to 2023-12-31

MEALS ON WHEELS OF ROWAN INC, founded in 1976, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $940K, a strong 40% operating margin.

Mission

DELIVER FOOD AND NUTRITIOUS MEALS TO ROWAN COUNTY SENIORS AND INDIVIDUALS WHO HAVE DIFFICULTY LEAVING THEIR HOMES AND/OR ARE CHALLENGED TO PREPARE THEIR MEALS. VOLUNTEERS AND STAFF BUILD RELATIONSHIPS, PROVIDE REFERRALS AND WORK TO MITIGATE SOCIAL ISOLATION

Program Service Accomplishments

Program 1
Expenses: $1,242,558 Revenue: $141,593

DELIVERED FOOD AND NUTRITIOUS MEALS TO ROWAN COUNTY SENIORS AND INDIVIDUALS WHO HAD DIFFICULTY LEAVING THEIR HOMES AND/OR ARE CHALLENGED TO PREPARE THEIR MEALS. VOLUNTEERS AND STAFF BUILT...

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DELIVERED FOOD AND NUTRITIOUS MEALS TO ROWAN COUNTY SENIORS AND INDIVIDUALS WHO HAD DIFFICULTY LEAVING THEIR HOMES AND/OR ARE CHALLENGED TO PREPARE THEIR MEALS. VOLUNTEERS AND STAFF BUILT RELATIONSHIPS, PROVIDED REFERRALS AND WORKED TO MITIGATE SOCIAL ISOLATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,178,035
Program Service Revenue $141,593
Investment Income $813
Other Revenue $3,751
TOTAL REVENUE $2,324,192

Expense Breakdown

Grants Paid $0
Salaries & Benefits $533,771
Fundraising Expenses $72,083
Program Expenses $1,242,558
Other Expenses $850,127
TOTAL EXPENSES $1,383,898

Year-over-Year Comparison

2023 2022 Change
Revenue $2,324,192 $1,253,735 +0.9%
Expenses $1,383,898 $1,233,963 +0.1%
Net Income $940,294 $19,772 +46.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
17
Volunteers
N/A

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
5
$137,188
Total Directors
16
$137,188
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CINDY FINK EXECUTIVE DI 40.00
Officer Director
$129,558 $7,630 $137,188
KEVIN PRUITT PRESIDENT 0.00
Officer Director
$0 $0 $0
TOM ROBINSON PAST PRESIDE 0.00
Director
$0 $0 $0
MARK DOBY VICE PRESIDE 0.00
Officer Director
$0 $0 $0
TRACY SMITH SECRETARY 0.00
Officer Director
$0 $0 $0
ROB MILLER TREASURER 0.00
Officer Director
$0 $0 $0
MICHAEL BOARD DIRECTOR 0.00
Director
$0 $0 $0
ELIA GEGOREK DIRECTOR 0.00
Director
$0 $0 $0
LAUREN GRAHAM HENSON DIRECTOR 0.00
Director
$0 $0 $0
RICKEY JOHNSON DIRECTOR 0.00
Director
$0 $0 $0
ANNE LITTLE DIRECTOR 0.00
Director
$0 $0 $0
RON RASILE DIRECTOR 0.00
Director
$0 $0 $0
KRISTEN TREXLER DIRECTOR 0.00
Director
$0 $0 $0
BEVERLY WARNER DIRECTOR 0.00
Director
$0 $0 $0
GLYNN WEATHERBY DIRECTOR 0.00
Director
$0 $0 $0
CHARLES WHALEY 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
2024 No data No data No data No data
2023 $2,324,192 $1,383,898 $2,185,325 $940,294
2022 $1,253,735 $1,233,963 $1,147,877 $19,772
2021 $1,123,443 $994,464 $1,266,355 $128,979
2020 $1,268,026 $820,032 $1,053,936 $447,994
2019 $711,990 $578,948 $589,421 $133,042
2018 $531,125 $517,269 $455,948 $13,856
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