Meals on Wheels of Tampa Inc

What it reported doing in 2024

Homebound Meal Delivery: Meals On Wheels of Tampa's (MOWT) mission is "to nourish, enrich and strengthen the lives of seniors (62 and older) and individuals who have difficulty leaving their homes and are challenged to prepare meals". The delivery of daily hot meals by caring and trusted volunteers gives seniors and homebound citizens the opportunity to age in place with consistent balanced nutrition, dignity, safety, and independence. During fiscal year 2025, approximately 262,000 meals were delivered through our Homebound Meal Delivery program to more than 1,186 recipients. All meals are produced daily by professional staff in the MOWT commercial kitchen. We offer 3 menus to select from: Heart Healthy, Diabetic Friendly, and Renal Friendly. MOWT is meeting the specific dietary needs of the fastest growing segment of the community, our seniors, many of whom require healthy food delivered to their doorstep, at an affordable price, to age in place. At no extra charge, recipients also receive once a month delivery of fresh produce, an Annual Hurricane Pack, a Holiday Gift Bag, and birthday cake to ensure they are not forgotten and are well supported. MOWT requests a contribution from recipients for the service. 89% of the neighbors we serve are on a private pay plan, the other 11% have insurance coverage which provides the meals. Of those on private pay, only 18% can afford the full cost of their meals, 63% receive meals at a discounted rate and 19% receive our meals at no cost to them. No one is ever turned away from service due to an inability to pay for their meals. As a privately funded organization, community contributions and earned income from MOWT's social enterprise address this funding gap. In FY 2025, Meals On Wheels of Tampa's commercial kitchen produced over 621,000 meals that were distributed in the Tampa Bay Area in support of our mission.

Financial Efficiency

• Mission deployment rate: 80.1%; rating input score 80
• Program expense ratio: 83.9%; rating input score 84
• Fundraising efficiency: $5.04 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 5.1%; rating input score 51; 51st percentile among comparable filings
• Total-asset coverage ratio: 1.99; rating input score 62; 62nd percentile among comparable filings
• Liabilities to assets ratio: 0.06; rating input score 68; 68th percentile among comparable filings
• Officer compensation ratio: 9.4%; rating input score 32; 32nd percentile among comparable filings

Growth

• Program expense growth: 11.4% per year; rating input score 100; 69th percentile among comparable filings
• Revenue growth: 8.9% per year; rating input score 100; 64th percentile among comparable filings
• Asset growth: 13.4% per year; rating input score 100; 70th percentile among comparable filings