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 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

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

Program Service Accomplishments

Program 1
Expenses: $1,061,788 Revenue: $303,979

WE SERVE SENIORS THROUGHOUT CABARRUS COUNTY, INCLUDING CONCORD, KANNAPOLIS, HARRISBURG, MIDLAND AND MT. PLEASANT. WE HAVE 31 ROUTES THROUGHOUT OUR COUNTY. VOLUNTEERS DRIVE JUST UNDER 500 MILES EACH...

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WE SERVE SENIORS THROUGHOUT CABARRUS COUNTY, INCLUDING CONCORD, KANNAPOLIS, HARRISBURG, MIDLAND AND MT. PLEASANT. WE HAVE 31 ROUTES THROUGHOUT OUR COUNTY. VOLUNTEERS DRIVE JUST UNDER 500 MILES EACH DAY TO DELIVER MEALS TO OUR CLIENTS. WE SERVED OVER 650 UNIQUE INDIVIDUALS THIS PAST FISCAL YEAR. WE ALSO HAVE A FROZEN ONLY MEAL PROGRAM. THIS PROGRAM PROVIDES 14 FROZEN MEALS TO SENIORS ON OUR WAITING LIST AND THOSE WHO LIVE OUTSIDE OUR DELIVERY AREAS.OUR AVERAGE CLIENT IS A 75-YEAR-OLD WHITE FEMALE WHO LIVES ALONE AND RELIES SOLELY ON SOCIAL SECURITY FOR INCOME. SHE WORRIES ABOUT WHERE HER NEXT MEAL WILL COME FROM. THERE ARE DAYS SHE DOES NOT EAT OR REDUCES HER MEAL BECAUSE SHE DOES NOT HAVE ENOUGH EXTRA FUNDS TO AFFORD FOOD.ALL CLIENTS ARE ASKED TO PAY FOR THEIR MEALS BASED ON A SLIDING SCALE BASED AND BASED ON THEIR ABILITY TO PAY BUT MANY ARE UNABLE TO AFFORD A NUTRITIOUS MEAL. 59% OF OUR CLIENTS SURVIVE ON LESS THAN $1,000 PER MONTH WITH AN AVERAGE INCOME OF $742.31 PER MONTH.OUR MEALS ARE PREPARED DAILY IN OUR STATE-OF-THE-ART COMMERCIAL KITCHEN. EACH MEAL CONSISTS OF 1/3 OF THE DAILY RDA'S AND OUR MENU IS PREPARED BY A REGISTERED DIETICIAN. WE USE AS MANY FRESH FOODS AS POSSIBLE. WE TRY TO SERVE FRESH, SEASONAL FRUITS AND VEGETABLES TO PROVIDE THE MOST NUTRITIOUS MEAL AS WE CAN. MEALS ARE PREPARED FRESH EACH MORNING BEGINNING AT 6:30 A.M. SEEING A VOLUTEER EACH DAY ALSO HELPS ALLEVIATE THE FEELING OF LONELINESS THAT SENIORS LIVE WITH. MOST OF THEM LIVE ALONE AND OUR VOLUNTEER MAY BE THE ONLY PERSON THEY SEE AND TALK WITH IN A DAY. OUR PROGRAM ALSO MAKES REFFERALS TO MANY OTHER PROGRAMS FOR ANY CONCERNS WE IDENTIFY. WE ALSO PROVIDE OUR SENIORS WITH PET FOOD FOR THEIR BELOVED PETS, EXTRA GROCERIES WHEN THEY DO NOT HAVE ACCESS TO ENOUGH FOOD AND PROVIDE GIFTS FOR BIRTHDAYS AND CHRISTMAS. OUR PROGRAM ENCOMPASSES THE ENTIRE PERSON. WE ARE MORE THAN A MEAL. WE DELIVER HOPE.

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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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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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