FIRST CHANCE FOUNDATION (EIN 203517982) - 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

Principal Officer

HEATHER SWINDALL

Phone

2106377900

Tax Period

2023-01-01 to 2023-12-31

FIRST CHANCE FOUNDATION is a small nonprofit in the Education sector that reported $355K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106K, a strong 30% operating margin.

Mission

TO FINANCIALLY AND PHYSICALLY ASSIST OTHER NON-PROFIT ORGANIZATIONS WITH THE NURTURING AND DEVELOPMENT OF DISADVANTAGED CHILDREN.

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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 $367,013

Program Service Revenue $0

Investment Income $0

Other Revenue $-11,594

TOTAL REVENUE $355,419

Expense Breakdown

Grants Paid $206,766

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $249,748

Other Expenses $42,982

TOTAL EXPENSES $249,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$355,419	$257,453	+0.4%
Expenses	$249,748	$57,220	+3.4%
Net Income	$105,671	$200,233	-0.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLINT SWINDALL	VICE PRESIDE	10.00	Officer	$0	$0	$0
HEATHER SWINDALL	PRESIDENT	10.00	Officer	$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
2023	$355,419	$249,748	$612,586	$105,671
2022	$257,453	$57,220	$506,915	$200,233

FIRST CHANCE FOUNDATION