MEALS ON WHEELS OF THE SALINAS VALLEY (EIN 770064507) - 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

1985

Legal Domicile

Principal Officer

REGINA GAGE

Phone

8317586325

Tax Period

2024-07-01 to 2025-06-30

MEALS ON WHEELS OF THE SALINAS VALLEY, founded in 1985, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $847K, a strong 32% operating margin.

Mission

SERVE HOMEBOUND SENIORS, 60 AND OLDER, WHO CAN NO LONGER SHOP OR COOK FOR THEMSELVES.

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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 $1,625,478

Program Service Revenue $0

Investment Income $1,043,368

Other Revenue $0

TOTAL REVENUE $2,668,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $755,315

Fundraising Expenses $201,152

Program Expenses $1,312,136

Other Expenses $1,066,527

TOTAL EXPENSES $1,821,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,668,846	$1,474,828	+0.8%
Expenses	$1,821,842	$1,436,151	+0.3%
Net Income	$847,004	$38,677	+20.9%

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

143

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

$261,074

Total Directors

$155,592

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE BOILARD	TREASURER	2.00	Officer Director	$0	$0	$0
LYNETTE FITZGERALD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JENE CANLAS	CHIEF FINANCIAL OFFICER	40.00	Officer	$98,588	$6,894	$105,482
REGINA GAGE	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$145,572	$10,020	$155,592
KATHIE HAINES	PRESIDENT	2.00	Officer Director	$0	$0	$0
MERVYN SELVIDGE	SECRETARY	2.00	Officer Director	$0	$0	$0
ARNOLD CHAVEZ	DIRECTOR	2.00	Director	$0	$0	$0
MIRIAM MACK-PICCONE	DIRECTOR	2.00	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
2025	$2,668,846	$1,821,842	$5,608,877	$847,004
2024	$1,474,828	$1,436,151	$5,336,201	$38,677
2023	$1,604,055	$1,294,300	$4,861,090	$309,755
2022	$1,403,942	$1,207,048	$4,142,368	$196,894
2021	$1,788,651	$1,532,417	$4,553,039	$256,234
2020	$1,051,228	$937,197	$3,561,046	$114,031
2019	$1,000,921	$755,208	$3,322,005	$245,713
2018	$788,627	$680,665	$2,948,044	$107,962

MEALS ON WHEELS OF THE SALINAS VALLEY