WHEELS OF SUCCESS INC (EIN 562372792) - 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

2003

Legal Domicile

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.

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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 (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

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

$103,269

Total Directors

$103,269

Key Employees

Highest Compensated

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

WHEELS OF SUCCESS INC