MEALS ON WHEELS OF KINGSPORT INC (EIN 620959844) - 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

1972

Legal Domicile

Principal Officer

MARTY POLSON

Phone

4232474511

Tax Period

2023-01-01 to 2023-12-31

MEALS ON WHEELS OF KINGSPORT INC, founded in 1972, is a small nonprofit that reported $212K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $663K represent 37 months of operating reserves.

Mission

TO PREPARE AND DELIVER NUTRITIOUS MEALS TO INCAPACITATED SENIOR CITIZENS AND,IF APPROPRIATE, OTHER HOMEBOUND OR DISABLED PEOPLE IN THE KINGSPORT, TN AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $200,439

Program Service Revenue $0

Investment Income $12,025

Other Revenue $0

TOTAL REVENUE $212,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,483

Fundraising Expenses $137

Program Expenses $206,375

Other Expenses $194,570

TOTAL EXPENSES $209,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,464	$230,628	-0.1%
Expenses	$209,053	$210,728	0.0%
Net Income	$3,411	$19,900	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BEVERLY	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
RIVES DEATON	DIRECTOR	4.00	Director	$0	$0	$0
DON DONNELLAN	DIRECTOR	4.00	Director	$0	$0	$0
ANNE ELPERS	DIRECTOR	4.00	Director	$0	$0	$0
LARRY FLEENOR	DIRECTOR	4.00	Director	$0	$0	$0
CHARLIE FOSTER	DIRECTOR	4.00	Director	$0	$0	$0
CAROL GARLAND	DIRECTOR	4.00	Director	$0	$0	$0
DAVID HAFELE	DIRECTOR	4.00	Director	$0	$0	$0
ERIC KNIEDLER	DIRECTOR	4.00	Director	$0	$0	$0
CYNTHIA LEWIS	DIRECTOR	4.00	Director	$0	$0	$0
MANDIE METZGER	DIRECTOR	4.00	Director	$0	$0	$0
JON PETERS	DIRECTOR	4.00	Director	$0	$0	$0
MARTY POLSON	TREASURER/ED	4.00	Officer Director	$0	$0	$0
KRISTI PONDER	SECRETARY	4.00	Officer Director	$0	$0	$0
LYNETTE REESE	DIRECTOR	4.00	Director	$0	$0	$0
LISA TENCER	PRESIDENT	4.00	Officer Director	$0	$0	$0
APRIL WHITE	DIRECTOR	4.00	Director	$0	$0	$0
BETH WITT	DIRECTOR	4.00	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
2024	No data	No data	No data	No data
2023	$212,464	$209,053	$662,700	$3,411
2022	$230,628	$210,728	$638,907	$19,900
2021	$169,629	$171,700	$635,535	$-2,071
2020	$220,750	$180,314	$633,833	$40,436
2019	$264,634	$152,714	$580,035	$111,920

MEALS ON WHEELS OF KINGSPORT INC