SECOND START (EIN 020302477) - 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

1970

Legal Domicile

Principal Officer

JOSEPH SHOEMAKER

Phone

6032281341

Tax Period

2024-07-01 to 2025-06-30

SECOND START, founded in 1970, is a community nonprofit in the Human Services sector that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

SECOND START IS A NON-PROFIT ORGANIZATION COMMITTED TO IMPROVING THE ECONOMIC AND EDUCATIONAL WELL BEING OF NEW HAMPSHIRE RESIDENTS. OUR GOAL IS TO HELP PEOPLE BECOME MORE PRODUCTIVE WORKERS, FAMILY MEMBERS AND COMMUNITY CITIZENS.

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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 $1,352,150

Program Service Revenue $3,362,161

Investment Income $61,113

Other Revenue $34,414

TOTAL REVENUE $4,809,838

Expense Breakdown

Grants Paid $20,803

Salaries & Benefits $3,639,643

Fundraising Expenses $19,968

Program Expenses $4,237,076

Other Expenses $1,069,558

TOTAL EXPENSES $4,730,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,809,838	$4,191,159	+0.1%
Expenses	$4,730,004	$4,158,802	+0.1%
Net Income	$79,834	$32,357	+1.5%

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

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

$138,805

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MEALEY	EXECUTIVE DI	40.00	Officer	$130,827	$7,978	$138,805
KIMBERLY HALEY	STUDENT ASST	40.00	Highest	$125,315	$7,926	$133,241
ASHLEY ANISKOVICH	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN BARTHELMES	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CAROLINE BROWN	BOARD MEMBER	0.50	Director	$0	$0	$0
RAYMOND BURSTEIN	SECRETARY	1.00	Officer Director	$0	$0	$0
DODD GRIFFITH	BOARD MEMBER	0.50	Director	$0	$0	$0
CLEMENT KIGUGU	FORMER BOARD	0.50	Director	$0	$0	$0
FRANK LEMAY	BOARD MEMBER	0.50	Director	$0	$0	$0
TOM PAINCHAUD	FORMER BOARD	0.50	Director	$0	$0	$0
BETSY PEABODY	BOARD MEMBER	0.50	Director	$0	$0	$0
JOSEPH SHOEMAKER	PRESIDENT	0.50	Officer Director	$0	$0	$0
TAMMY WELLS	BOARD MEMBER	1.00	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	$4,809,838	$4,730,004	$3,272,704	$79,834
2024	$4,191,159	$4,158,802	$3,122,910	$32,357
2023	$3,747,518	$3,805,978	$3,058,971	$-58,460
2022	$3,964,815	$3,657,084	$3,257,715	$307,731
2021	$3,905,663	$3,493,212	$2,972,435	$412,451
2020	$3,061,772	$3,001,801	$2,562,412	$59,971
2019	$3,103,095	$3,143,338	$2,229,455	$-40,243

SECOND START