CABARRUS MEALS ON WHEELS INC

EIN: 561172942 501(c)(3) Food, Agriculture & Nutrition

CONCORD, NC

Total Revenue
$1,074,119
Total Expenses
$1,301,514
Total Assets
$2,786,270
Net Assets
$2,035,847
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NC
Principal Officer
JAMES COREY
Phone
7049323412
Tax Period
2024-07-01 to 2025-06-30

CABARRUS MEALS ON WHEELS INC, founded in 1977, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 21% operating deficit.

Mission

CREATION OF A HEALTHIER COMMUNITY BY PROVIDING NUTRITIOUS MEALS, FOSTERING A SENSE OF CARE,AND PROVIDING SUPPORT TO CABARRUS HOMEBOUND SENIORS, DISABLED ADULTS, AND VULNERABLE CHILDREN.

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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 $746,330
Program Service Revenue $290,280
Investment Income $18,795
Other Revenue $18,714
TOTAL REVENUE $1,074,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $571,117
Fundraising Expenses $28,692
Program Expenses $1,061,788
Other Expenses $730,397
TOTAL EXPENSES $1,301,514

Year-over-Year Comparison

2024 2023 Change
Revenue $1,074,119 $1,299,251 -0.2%
Expenses $1,301,514 $1,310,833 0.0%
Net Income $-227,395 $-11,582 +18.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
18
Volunteers
350

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
11
$143,488
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBIN SCHARDING BOARD MEMBER 2.00
Director
$0 $0 $0
JAMES COREY PRESIDENT 2.00
Officer Director
$0 $0 $0
JESSICA TUCKER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
HILLARY SMITH BOARD MEMBER 2.00
Director
$0 $0 $0
KIMBERLY STRONG EXECUTIVE DIRECTOR 40.00
Director
$129,808 $13,680 $143,488
WIM DENEEF BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID WILLIAMS BOARD MEMBER 2.00
Director
$0 $0 $0
DR DEBASISH BANERJEE BOARD MEMBER 2.00
Director
$0 $0 $0
KEVIN DURKEE BOARD MEMBER 2.00
Director
$0 $0 $0
BOB BLACK BOARD MEMBER 2.00
Director
$0 $0 $0
DIANNE SMITH 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 $1,074,119 $1,301,514 $2,786,270 $-227,395
2024 $1,299,251 $1,310,833 $3,079,354 $-11,582
2023 $1,120,733 $1,160,519 $3,074,449 $-39,786
2022 $880,781 $1,034,410 $3,252,614 $-153,629
2021 $1,533,708 $1,026,418 $3,529,437 $507,290
2020 $2,023,059 $855,406 $2,244,052 $1,167,653
2019 $688,009 $681,263 $800,337 $6,746
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