Meals on Wheels of Durham Inc (EIN 561729111) - 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

1975

Legal Domicile

Principal Officer

JASON PEACE

Phone

9196679424

Tax Period

2022-07-01 to 2023-06-30

Meals on Wheels of Durham Inc, founded in 1975, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.7M in total revenue in fiscal year 2022. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 12% surplus.

Mission

TO SERVE THE ELDERLY, FRAIL, DISABLED, CONVALESCING & OTHERS WHO CAN'T PROVIDE PROPER NUTRITION FOR THEMSELVES. DEDICATED VOLUNTEERS DELIVER LUNCHES EACH WEEKDAY TO IMPROVE THE NUTRITIONAL STATUS & HEALTH OF THESE INDIVIDUALS SO THEY CAN REMAIN INDEPENDENT AS LONG AS POSSIBLE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $744,217

Program Service Revenue $957,130

Investment Income $9,107

Other Revenue $1,290

TOTAL REVENUE $1,711,744

Expense Breakdown

Grants Paid $0

Salaries & Benefits $616,994

Fundraising Expenses $114,727

Program Expenses $1,229,765

Other Expenses $883,546

TOTAL EXPENSES $1,500,540

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,711,744	$1,331,819	+0.3%
Expenses	$1,500,540	$1,396,584	+0.1%
Net Income	$211,204	$-64,765	-4.3%

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

150

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

$118,162

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICE SHARP	TRUSTEE	2.00	Director	$0	$0	$0
APRIL DUDASH	VICE PRESIDENT/SECRETARY	2.00	Officer Director	$0	$0	$0
ASYIA MITCHEL	TRUSTEE	2.00	Director	$0	$0	$0
DAVID ROUSSO	TREASURER	2.00	Officer Director	$0	$0	$0
JUSTIN CLAYTON	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN DOUGHTERY	BOARD MEMBER	2.00	Director	$0	$0	$0
LIBBY TOWELL	TRUSTEE	2.00	Director	$0	$0	$0
MOSES CAREY	PAST PRESIDENT	2.00	Director	$0	$0	$0
NATE JONES	TRUSTEE	2.00	Director	$0	$0	$0
NAVDEEP GREWAL	TRUSTEE	2.00	Director	$0	$0	$0
PASHARA BLACK	PRESIDENT	2.00	Officer Director	$0	$0	$0
RACHEL DEWEES	TRUSTEE	2.00	Director	$0	$0	$0
TIFFANY BASHORE	TRUSTEE	2.00	Director	$0	$0	$0
JASON PEACE	EXECUTIVE DIRECTOR	40.00	Officer	$118,162	$0	$118,162

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,711,744	$1,500,540	$2,171,486	$211,204
2022	$1,331,819	$1,396,584	$1,972,279	$-64,765
2021	$2,671,064	$1,875,423	$2,057,689	$795,641
2020	$1,747,711	$1,532,972	$1,333,807	$214,739

Meals on Wheels of Durham Inc