Mobile Meals Of Toledo Inc
EIN: 341019610 · Toledo, OH · NTEE: K36Z
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.5M |
| Net Assets | $683K |
Is Mobile Meals Of Toledo Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mobile Meals Of Toledo Inc
Mobile Meals Of Toledo Inc (EIN: 341019610) is a nonprofit organization based in Toledo, OH, classified under NTEE code K36Z. The organization reported total revenue of $2.7M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mobile Meals Of Toledo Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mobile Meals Of Toledo Inc is a mid-size nonprofit that has been operating for 58 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-225,178 |
| Total Assets | $850K |
| Total Liabilities | $167K |
| Net Assets | $683K |
| Operating Margin | -10.0% |
| Debt-to-Asset Ratio | 19.6% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2023, Mobile Meals Of Toledo Inc reported a deficit of $225K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 19.6% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Mobile Meals Of Toledo Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.0% | +3.9% | -18.5% |
| 2022 | +33.4% | +6.4% | +59.9% |
| 2021 | -0.9% | -4.5% | -35.2% |
| 2020 | -16.6% | +13.7% | +0.5% |
| 2019 | +21.4% | -0.3% | +74.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mobile Meals Of Toledo Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mobile Meals Of Toledo Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $225K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.6%.
Frequently Asked Questions about Mobile Meals Of Toledo Inc
Is Mobile Meals Of Toledo Inc a legitimate charity?
Mobile Meals Of Toledo Inc (EIN: 341019610) is a registered tax-exempt nonprofit based in Ohio. It has 12 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. Financial health grade: B.
How does Mobile Meals Of Toledo Inc spend its money?
Mobile Meals Of Toledo Inc reported $2.7M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mobile Meals Of Toledo Inc tax-deductible?
Mobile Meals Of Toledo Inc is registered as a tax-exempt nonprofit (EIN: 341019610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mobile Meals Of Toledo Inc located?
Mobile Meals Of Toledo Inc is headquartered in Toledo, Ohio and files with the IRS under EIN 341019610. It is classified under NTEE code K36Z.
How many years of IRS 990 filings does Mobile Meals Of Toledo Inc have?
Mobile Meals Of Toledo Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.7M in total revenue.
Filing History
IRS 990 filing history for Mobile Meals Of Toledo Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Mobile Meals Of Toledo Inc's revenue has declined by 7.4%, moving from $2.4M to $2.2M. Total assets decreased by 10.3% over the same period, from $948K to $850K. Total functional expenses fell by 0.1%, from $2.5M to $2.5M. In its most recent filing year (2023), Mobile Meals Of Toledo Inc reported a deficit of $225K, with expenses exceeding revenue. The organization holds $167K in liabilities against $850K in assets (debt-to-asset ratio: 19.6%), resulting in net assets of $683K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.5M | $850K | $167K | — | View 990 |
| 2022 | $2.8M | $2.4M | $1.0M | $135K | — | View 990 |
| 2021 | $2.1M | $2.2M | $652K | $137K | — | View 990 |
| 2020 | $2.1M | $2.3M | $1.0M | $334K | — | View 990 |
| 2019 | $2.5M | $2.1M | $1.0M | $85K | — | View 990 |
| 2018 | $2.1M | $2.1M | $573K | $110K | — | View 990 |
| 2017 | $2.1M | $2.2M | $595K | $136K | — | View 990 |
| 2016 | $2.4M | $2.3M | $708K | $119K | — | View 990 |
| 2015 | $2.2M | $2.2M | $586K | $59K | — | View 990 |
| 2014 | $2.2M | $2.4M | $679K | $98K | — | View 990 |
| 2013 | $2.3M | $2.4M | $806K | $71K | — | View 990 |
| 2012 | $2.4M | $2.5M | $948K | $97K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.5M, and assets of $850K (revenue -19.0% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.4M, and assets of $1.0M (revenue +33.4% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.2M, and assets of $652K (revenue -0.9% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.3M, and assets of $1.0M (revenue -16.6% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.1M, and assets of $1.0M (revenue +21.4% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.1M, and assets of $573K (revenue -0.7% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.2M, and assets of $595K (revenue -12.0% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.3M, and assets of $708K (revenue +8.7% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.2M, and assets of $586K (revenue -1.0% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.4M, and assets of $679K (revenue -3.7% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.4M, and assets of $806K (revenue -5.9% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.5M, and assets of $948K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mobile Meals Of Toledo Inc:
Data Sources and Methodology
This transparency report for Mobile Meals Of Toledo Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.