2nd Chance Ministries Community Developm (EIN 010851864) - 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

2005

Legal Domicile

Principal Officer

ARTHUR BOYD

Phone

7168831008

Tax Period

2023-01-01 to 2023-12-31

2nd Chance Ministries Community Developm, founded in 2005, is a micro nonprofit in the Mental Health sector that reported $58K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $107K exceeded revenue, resulting in a 85% operating deficit.

Mission

TO ADVANCE, PROMOTE COMMUNITY DEVELOPMENT

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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 $0

Program Service Revenue $0

Investment Income $15

Other Revenue $57,994

TOTAL REVENUE $58,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,055

Fundraising Expenses $0

Program Expenses $101,891

Other Expenses $87,266

TOTAL EXPENSES $107,321

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,009	$49,553	+0.2%
Expenses	$107,321	$84,949	+0.3%
Net Income	$-49,312	$-35,396	+0.4%

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

N/A

Volunteers

N/A

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

Total Directors

$18,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Arthur Boyd	President	5.00	Officer Director	$0	$0	$0
Catherine Keenan	Board Member	12.00	Director	$9,050	$0	$9,050
Avon White	Board Member	12.00	Director	$9,050	$0	$9,050

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
2023	$58,009	$107,321	$1,010,104	$-49,312
2022	$49,553	$84,949	$1,059,416	$-35,396
2021	$52,558	$74,698	$1,094,812	$-22,140
2020	$50,543	$82,417	$1,120,554	$-31,874
2019	$60,595	$87,151	$1,150,589	$-26,556
2018	$97,084	$87,195	$1,196,539	$9,889

2nd Chance Ministries Community Developm