Second Chances Foundation Inc (EIN 261510916) - 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

2008

Legal Domicile

Principal Officer

Grace Pipkin

Phone

9014122853

Tax Period

2023-01-01 to 2023-12-31

Second Chances Foundation Inc, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $463K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $412K left a modest 11% surplus.

Mission

PROVIDING SAFE AFFORDABLE ALCOHOL-FREE AND DRUG-FREE HOUSING TO CLIENTS IN REHABILITATION IN THE MEMPHIS TN REGIONAL COMMUNITY.

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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 $114,878

Program Service Revenue $346,357

Investment Income $0

Other Revenue $1,347

TOTAL REVENUE $462,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,830

Fundraising Expenses $0

Program Expenses $365,314

Other Expenses $158,198

TOTAL EXPENSES $412,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$462,582	$328,452	+0.4%
Expenses	$412,028	$342,617	+0.2%
Net Income	$50,554	$-14,165	-4.6%

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

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
ROBIN CLOCHARD	SEC TREAS	5.00	Director	$0	$0	$0
WILLY BEARDEN	DIRECTOR	2.00	Director	$0	$0	$0
MAC EDWARDS	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL GRABER	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH HARCOURT	DIRECTOR	2.00	Director	$0	$0	$0
AMI KELLEY	DIRECTOR	2.00	Director	$0	$0	$0
BUTCH ODOM	DIRECTOR	2.00	Director	$0	$0	$0
LAUREL REISMAN	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$462,582	$412,028	$144,280	$50,554
2022	$328,452	$342,617	$93,727	$-14,165
2021	$409,427	$419,852	$112,491	$-10,425
2020	$368,853	$469,896	$127,716	$-101,043
2019	$426,971	$461,324	$338,343	$-34,353

Second Chances Foundation Inc