WHEELS OF SUCCESS INC

EIN: 562372792 501(c)(3) Human Services

TAMPA, FL

Total Revenue
$1,055,596
Total Expenses
$530,308
Total Assets
$1,255,123
Net Assets
$1,211,353
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
FL
Principal Officer
SUSAN JACOBS
Phone
8139955040
Tax Period
2024-07-01 to 2025-06-30

WHEELS OF SUCCESS INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $525K, a strong 50% operating margin.

Mission

THE ORGANIZATION HELPS FAMILIES OBTAIN OR CONTINUE WORK BY PROVIDING THEM RELIABLE TRANSPORTATION.

Program Service Accomplishments

Program 1
Expenses: $65,798

TO HELP NEEDY FAMILIES OBTAIN OR CONTINUE TO WORK BY PROVIDING THEM WITH RELIABLE TRANSPORTATION THROUGH A PROGRAM OF CAR REPAIRS, VEHICLE REPLACEMENT, RELATED LICENSING SERVICES, CAR PAYMENT, DOWN...

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TO HELP NEEDY FAMILIES OBTAIN OR CONTINUE TO WORK BY PROVIDING THEM WITH RELIABLE TRANSPORTATION THROUGH A PROGRAM OF CAR REPAIRS, VEHICLE REPLACEMENT, RELATED LICENSING SERVICES, CAR PAYMENT, DOWN PAYMENTS, AND CAR-CARE CLASSES IN THE TRI-COUNTY TAMPA BAY AREA. THE ORGANIZATION RECEIVES INFORMATION TECHNNOLOGY SERVICES THAT SUPPORTS ITS VARIOUS PROGRAM ACCOMPLISHMENTS. THE VALUE OF THE INFORMATION TECHNNOLOGY SERVICES RECEIVED IS 12,000 ANNUALLY. IN THE EVENT THE SERVICES WERE NO LONGER PROVIDED AS A DONATION, THE ORGANIZATION WOULD NEED TO PURCHASE THE SERVICES.

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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 $665,201
Program Service Revenue $17,710
Investment Income $18,351
Other Revenue $354,334
TOTAL REVENUE $1,055,596

Expense Breakdown

Grants Paid $41,191
Salaries & Benefits $191,613
Fundraising Expenses $148,415
Program Expenses $359,263
Other Expenses $297,504
TOTAL EXPENSES $530,308

Year-over-Year Comparison

2024 2023 Change
Revenue $1,055,596 $720,620 +0.5%
Expenses $530,308 $715,029 -0.3%
Net Income $525,288 $5,591 +93.0%
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

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Governance

Voting Members
6
Independent Members
5
Employees
4
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
3
$103,269
Total Directors
6
$103,269
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN JACOBS PRESIDENT & 40.00
Officer Director
$103,269 $0 $103,269
VIRNITIA DIXON BOARD MEMBER N/A
Director
$0 $0 $0
DANNA HAYDAR ESQ BOARD MEMBER N/A
Director
$0 $0 $0
ERICA HOLLIDAY TREASURER N/A
Director
$0 $0 $0
ERIC NOWAK SECRETARY N/A
Officer Director
$0 $0 $0
JOHN PUNZAK CHAIRMAN N/A
Officer 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 $1,055,596 $530,308 $1,255,123 $525,288
2024 No data No data No data No data
2023 $732,005 $736,784 $667,459 $-4,779
2022 $755,879 $466,034 $664,583 $289,845
2021 $602,771 $456,685 $398,642 $146,086
2020 $227,039 $292,895 $306,531 $-65,856
2019 $447,069 $491,142 $300,627 $-44,073
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