MEALS ON WHEELS OF ROWAN INC (EIN 561152417) - 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

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

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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 (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

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

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

$137,188

Total Directors

$137,188

Key Employees

Highest Compensated

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

MEALS ON WHEELS OF ROWAN INC