MEALS ON WHEELS NORTH CENTRAL TEXAS INC (EIN 751555153) - 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

1976

Legal Domicile

Principal Officer

LARRY TRAMMELL

Phone

8888696325

Tax Period

2023-10-01 to 2024-09-30

MEALS ON WHEELS NORTH CENTRAL TEXAS INC, founded in 1976, is a community nonprofit in the Human Services sector that reported $3.4M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $3.0M left a modest 14% surplus.

Mission

PROVIDE HOME-DELIVERED AND CONGREGATE MEALS TO SENIOR CITIZENS AND THE DISABLED.

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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 $3,400,841

Program Service Revenue $22,121

Investment Income $18,461

Other Revenue $4,079

TOTAL REVENUE $3,445,502

Expense Breakdown

Grants Paid $936,171

Salaries & Benefits $1,067,545

Fundraising Expenses $269,423

Program Expenses $2,357,757

Other Expenses $965,531

TOTAL EXPENSES $2,969,247

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,445,502	$3,811,297	-0.1%
Expenses	$2,969,247	$2,584,230	+0.1%
Net Income	$476,255	$1,227,067	-0.6%

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

540

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

$99,133

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN FINCH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARGIE WRIGHT	VICE-CHAIRMAN (THRU 2/24)	1.00	Officer Director	$0	$0	$0
MISTY LOUTHAN	TREASURER	1.00	Officer Director	$0	$0	$0
LYNDA SLOAN	SECRETARY	1.00	Officer Director	$0	$0	$0
TARA HUFFMAN	TRUSTEE	1.00	Director	$0	$0	$0
JULISSA MARTINEZ	TRUSTEE (THRU 12/23)	1.00	Director	$0	$0	$0
ROB ORR	TRUSTEE	1.00	Director	$0	$0	$0
WILL TURNER	TRUSTEE	1.00	Director	$0	$0	$0
RHYAN ANDERSON	VICE-CHAIRMAN (AS OF 6/24)	1.00	Officer Director	$0	$0	$0
LORAINE PITTENGER	TRUSTEE (AS OF 2/24)	1.00	Director	$0	$0	$0
CRYSTAL RICHARDSON	TRUSTEE (AS OF 4/24)	1.00	Director	$0	$0	$0
CHRISTINE HOCKIN-BOYD	EXECUTIVE DIRECTOR	40.00	Officer	$84,272	$14,861	$99,133

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	$3,445,502	$2,969,247	$6,243,701	$476,255
2023	$3,811,297	$2,584,230	$6,964,079	$1,227,067
2023	$3,940,856	$3,353,777	$7,138,172	$587,079
2022	$3,216,369	$2,884,806	$4,364,278	$331,563
2021	$4,567,319	$2,302,370	$4,275,750	$2,264,949
2021	$4,874,768	$2,629,224	$4,326,146	$2,245,544
2020	$3,282,369	$2,352,123	$2,049,630	$930,246
2018	$2,171,913	$1,970,131	$1,252,382	$201,782

MEALS ON WHEELS NORTH CENTRAL TEXAS INC