Pascack Valley Meals On Wheels Inc
Pascack Valley Meals On Wheels: Consistent Service, Financial Stability Concerns
EIN: 222340025 · Woodcliff Lake, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $751K |
| Total Expenses | $697K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $212K |
| Transparency Score | 85/100 |
Is Pascack Valley Meals On Wheels Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pascack Valley Meals On Wheels Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pascack Valley Meals On Wheels Inc
Pascack Valley Meals On Wheels Inc (EIN: 222340025) is a nonprofit organization based in Woodcliff Lake, NJ. The organization reported total revenue of $751K and total assets of $304K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pascack Valley Meals On Wheels Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pascack Valley Meals On Wheels Inc is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $598K |
| Total Expenses | $697K |
| Surplus / Deficit | $-98,699 |
| Total Assets | $244K |
| Total Liabilities | $31K |
| Net Assets | $212K |
| Operating Margin | -16.5% |
| Debt-to-Asset Ratio | 12.8% |
| Months of Reserves | 4.2 months |
Financial Health Grade: B
In 2023, Pascack Valley Meals On Wheels Inc reported a deficit of $99K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 12.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pascack Valley Meals On Wheels Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.0% | +12.2% | -29.2% |
| 2022 | +4.1% | +14.4% | -11.8% |
| 2021 | -14.8% | -2.0% | -7.7% |
| 2020 | -5.2% | -12.7% | +42.9% |
| 2019 | +50.3% | +31.4% | +13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pascack Valley Meals On Wheels Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Pascack Valley Meals On Wheels Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $99K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.8%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a fully volunteer-led executive team.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Pascack Valley Meals On Wheels Inc's IRS 990 filings:
- Net assets have shown a declining trend from $423,148 in 2020 to $243,660 in 2023, indicating a potential draw on reserves.
- The organization consistently spends more than it earns, with expenses exceeding revenues in multiple years (e.g., 2023: $696,807 expenses vs. $598,108 revenue).
- Liabilities have increased significantly from $8,236 in 2018 to $31,238 in 2023, which warrants further investigation.
Strengths
The following positive indicators were identified for Pascack Valley Meals On Wheels Inc:
- Long-standing operational history with consistent service delivery since at least 2016.
- Strong commitment to mission, evidenced by a high percentage of spending on programs.
- Zero executive compensation demonstrates a highly efficient and volunteer-centric leadership model.
- Maintained significant assets, even with recent declines, providing a buffer for operations.
Frequently Asked Questions about Pascack Valley Meals On Wheels Inc
Is Pascack Valley Meals On Wheels Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pascack Valley Meals On Wheels Inc (EIN: 222340025) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Pascack Valley Meals On Wheels Inc spend its money?
Pascack Valley Meals On Wheels Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pascack Valley Meals On Wheels Inc tax-deductible?
Pascack Valley Meals On Wheels Inc is registered as a tax-exempt nonprofit (EIN: 222340025). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pascack Valley Meals On Wheels Inc CEO make?
Pascack Valley Meals On Wheels Inc's highest-compensated officer earns $0 annually. The organization reported $751K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pascack Valley Meals On Wheels Inc's spending goes to programs?
Pascack Valley Meals On Wheels Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Pascack Valley Meals On Wheels Inc located?
Pascack Valley Meals On Wheels Inc is headquartered in Woodcliff Lake, New Jersey and files with the IRS under EIN 222340025.
How many years of IRS 990 filings does Pascack Valley Meals On Wheels Inc have?
Pascack Valley Meals On Wheels Inc has 13 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 $751K in total revenue.
What does Pascack Valley Meals On Wheels Inc do?
Pascack Valley Meals On Wheels Inc is a nonprofit organization in the Unknown sector, located in Woodcliff Lake, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Pascack Valley Meals On Wheels Inc have?
Pascack Valley Meals On Wheels Inc reported total revenue of $751,207. Based on 13 IRS 990 filings on record.
What are Pascack Valley Meals On Wheels Inc's total assets?
Pascack Valley Meals On Wheels Inc holds total assets of $304,404 as reported in IRS 990 filings.
Where is Pascack Valley Meals On Wheels Inc located?
Pascack Valley Meals On Wheels Inc is based in Woodcliff Lake, New Jersey.
What is Pascack Valley Meals On Wheels Inc's EIN?
Pascack Valley Meals On Wheels Inc's Employer Identification Number (EIN) is 222340025. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Pascack Valley Meals On Wheels Inc?
Pascack Valley Meals On Wheels Inc is classified under NTEE code Unknown (Unknown).
Is Pascack Valley Meals On Wheels Inc a registered 501(c)(3)?
Pascack Valley Meals On Wheels Inc appears in IRS records (EIN: 222340025). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Pascack Valley Meals On Wheels Inc file IRS Form 990?
Yes, Pascack Valley Meals On Wheels Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Pascack Valley Meals On Wheels Inc's revenue in 2023?
In the 202312 filing period, Pascack Valley Meals On Wheels Inc reported total revenue of $598,108, total expenses of $696,807, and net assets of $243,660.
Is Pascack Valley Meals On Wheels Inc's revenue growing or declining?
Pascack Valley Meals On Wheels Inc's revenue is relatively stable. Revenue went from $569,678 (202212) to $598,108 (202312), a +5.0% change. Based on 13 filings on record.
What is Pascack Valley Meals On Wheels Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Pascack Valley Meals On Wheels Inc covers tax period 202312. It shows revenue of $598,108, expenses of $696,807, total assets of $243,660, and liabilities of $31,238.
How much does Pascack Valley Meals On Wheels Inc spend on programs vs administration?
Based on IRS 990 analysis, Pascack Valley Meals On Wheels Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Pascack Valley Meals On Wheels Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Pascack Valley Meals On Wheels Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 4 strengths noted.
What are the red flags for Pascack Valley Meals On Wheels Inc?
The following concerns were identified: Net assets have shown a declining trend from $423,148 in 2020 to $243,660 in 2023, indicating a potential draw on reserves.. The organization consistently spends more than it earns, with expenses exceeding revenues in multiple years (e.g., 2023: $696,807 expenses vs. $598,108 revenue).. Liabilities have increased significantly from $8,236 in 2018 to $31,238 in 2023, which warrants further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Pascack Valley Meals On Wheels Inc's strengths?
Positive indicators for Pascack Valley Meals On Wheels Inc include: Long-standing operational history with consistent service delivery since at least 2016.. Strong commitment to mission, evidenced by a high percentage of spending on programs.. Zero executive compensation demonstrates a highly efficient and volunteer-centric leadership model.. Maintained significant assets, even with recent declines, providing a buffer for operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Pascack Valley Meals On Wheels Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a fully volunteer-led executive team. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Pascack Valley Meals On Wheels sustain operations with consistent deficits and declining net assets?
The organization appears to be drawing down its accumulated assets to cover operational shortfalls, as evidenced by the decrease in net assets from $423,148 in 2020 to $243,660 in 2023, while expenses frequently exceed revenues.
What is the long-term strategy for addressing the increasing liabilities and ensuring financial sustainability?
With liabilities rising from $8,236 in 2018 to $31,238 in 2023, and a pattern of spending exceeding revenue, the organization needs a clear strategy to manage debt and secure additional funding to avoid further erosion of its financial base.
Filing History
IRS 990 filing history for Pascack Valley Meals On Wheels Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pascack Valley Meals On Wheels Inc's revenue has grown by 104.8%, moving from $292K to $598K. Total assets increased by 124.3% over the same period, from $109K to $244K. Total functional expenses rose by 159%, from $269K to $697K. In its most recent filing year (2023), Pascack Valley Meals On Wheels Inc reported a deficit of $99K, with expenses exceeding revenue. The organization holds $31K in liabilities against $244K in assets (debt-to-asset ratio: 12.8%), resulting in net assets of $212K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $598K | $697K | $244K | $31K | — | — |
| 2022 | $570K | $621K | $344K | $33K | — | View 990 |
| 2021 | $547K | $543K | $390K | $28K | — | View 990 |
| 2020 | $642K | $554K | $423K | $65K | — | — |
| 2019 | $678K | $634K | $296K | $27K | — | View 990 |
| 2018 | $451K | $483K | $260K | $8K | — | View 990 |
| 2017 | $498K | $482K | $294K | $10K | — | View 990 |
| 2016 | $451K | $415K | $276K | $9K | — | View 990 |
| 2015 | $355K | $351K | $269K | $11K | — | View 990 |
| 2014 | $345K | $316K | $214K | $12K | — | View 990 |
| 2013 | $343K | $320K | $184K | $12K | — | View 990 |
| 2012 | $349K | $303K | $158K | $9K | — | View 990 |
| 2011 | $292K | $269K | $109K | $5K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $598K, expenses of $697K, and assets of $244K (revenue +5.0% year-over-year).
- 2022: Revenue of $570K, expenses of $621K, and assets of $344K (revenue +4.1% year-over-year).
- 2021: Revenue of $547K, expenses of $543K, and assets of $390K (revenue -14.8% year-over-year).
- 2020: Revenue of $642K, expenses of $554K, and assets of $423K (revenue -5.2% year-over-year).
- 2019: Revenue of $678K, expenses of $634K, and assets of $296K (revenue +50.3% year-over-year).
- 2018: Revenue of $451K, expenses of $483K, and assets of $260K (revenue -9.5% year-over-year).
- 2017: Revenue of $498K, expenses of $482K, and assets of $294K (revenue +10.4% year-over-year).
- 2016: Revenue of $451K, expenses of $415K, and assets of $276K (revenue +27.0% year-over-year).
- 2015: Revenue of $355K, expenses of $351K, and assets of $269K (revenue +2.9% year-over-year).
- 2014: Revenue of $345K, expenses of $316K, and assets of $214K (revenue +0.5% year-over-year).
- 2013: Revenue of $343K, expenses of $320K, and assets of $184K (revenue -1.7% year-over-year).
- 2012: Revenue of $349K, expenses of $303K, and assets of $158K (revenue +19.6% year-over-year).
- 2011: Revenue of $292K, expenses of $269K, and assets of $109K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pascack Valley Meals On Wheels Inc:
Data Sources and Methodology
This transparency report for Pascack Valley Meals On Wheels 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.