SECOND CHANCE SHOP (EIN 262480593) - 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

1988

Legal Domicile

Principal Officer

CATHY ELKINS

Phone

8433767974

Tax Period

2024-01-01 to 2024-12-31

SECOND CHANCE SHOP, founded in 1988, is a small nonprofit in the Human Services sector that reported $458K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $430K left a modest 6% surplus.

Mission

THE MISSION OF SECOND CHANCE THRIFT SHOP IS TO GENERATE FUNDS THROUGH THE SALE OF DONATED ITEMS. GENERATED FUNDS ARE THEN DISTRIBUTED TO LOCAL NONPROFIT ORGANIZATIONS.

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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 $2,753

Program Service Revenue $0

Investment Income $17,645

Other Revenue $437,506

TOTAL REVENUE $457,904

Expense Breakdown

Grants Paid $233,140

Salaries & Benefits $49,590

Fundraising Expenses $0

Program Expenses $428,136

Other Expenses $147,051

TOTAL EXPENSES $429,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$457,904	$414,923	+0.1%
Expenses	$429,781	$333,220	+0.3%
Net Income	$28,123	$81,703	-0.7%

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

100

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
NAOMI NIMMO	BOARDMEMBER	20.00	Director	$0	$0	$0
WILL HUMPHRIES	BOARDMEMBER	20.00	Director	$0	$0	$0
SUSAN LADOW	BOARDMEMBER	20.00	Director	$0	$0	$0
JUDI BALDING	BOARDMEMBER	20.00	Director	$0	$0	$0
JULIE DUGAN	BOARDMEMBER	20.00	Director	$0	$0	$0
JANYCE HURSEY	PRESIDENT	20.00	Officer	$0	$0	$0
ROBIN PRICE	VICE PRESIDENT	20.00	Officer	$0	$0	$0
LISA ROBERSON	SECRETARY	20.00	Officer	$0	$0	$0
CATHY ELKINS	TREASURER	20.00	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
2024	$457,904	$429,781	$370,753	$28,123
2023	$414,923	$333,220	$341,530	$81,703
2022	$350,951	$273,297	$259,624	$77,654
2021	$265,449	$166,594	$181,970	$98,855
2021	$265,449	$166,594	$181,970	$98,855

SECOND CHANCE SHOP