SECOND CHANCE SHOP

EIN: 262480593 501(c)(3) Human Services

SUMMERVILLE, SC

Total Revenue
$584,828
Total Expenses
$523,686
Total Assets
$435,578
Net Assets
$430,279
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
SC
Principal Officer
CATHY ELKINS
Phone
8433767974
Tax Period
2025-01-01 to 2025-12-31

SECOND CHANCE SHOP, founded in 1988, is a small nonprofit in the Human Services sector that reported $585K in total revenue in fiscal year 2025. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $524K left a modest 10% 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.

Program Service Accomplishments

Program 1
Expenses: $275,122

OPERATING SECOND CHANCE THRIFT SHOP - THE GOAL OF THE SHOP IS TO RAISE FUNDS FOR OUR COMMUNITY SUPPORT AWARDS. THE SHOP ALSO HAS A MISSION TO KEEP PRICES VERY REASONABLE. WE WANT MEMEBERS OF OUR...

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OPERATING SECOND CHANCE THRIFT SHOP - THE GOAL OF THE SHOP IS TO RAISE FUNDS FOR OUR COMMUNITY SUPPORT AWARDS. THE SHOP ALSO HAS A MISSION TO KEEP PRICES VERY REASONABLE. WE WANT MEMEBERS OF OUR COMMUNITY THAT NEED CLOTHING, AT VERY REASONABLE PRICES, TO ALWAYS BE ABLE TO SHOP WITH US.

Program 2
Expenses: $3,878

COMMUNITY SUPPORT VOUCHERS - COMMUNITY ORGANIZATIONS, THAT SUPPORT OUR MISSION, ARE GIVEN $20 VOUCHERS TO BE GIVEN TO THEIR CLIENTS AS NEEDED. THESE VOUCHERS ARE USED BY THE INDIVIDUAL TO PURHCASE...

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COMMUNITY SUPPORT VOUCHERS - COMMUNITY ORGANIZATIONS, THAT SUPPORT OUR MISSION, ARE GIVEN $20 VOUCHERS TO BE GIVEN TO THEIR CLIENTS AS NEEDED. THESE VOUCHERS ARE USED BY THE INDIVIDUAL TO PURHCASE NEEDED ITEMS AT SECOND CHANCE THRIFT SHOP.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $25,190
Program Service Revenue $0
Investment Income $14,745
Other Revenue $544,893
TOTAL REVENUE $584,828

Expense Breakdown

Grants Paid $256,626
Salaries & Benefits $89,096
Fundraising Expenses $0
Program Expenses $522,041
Other Expenses $177,964
TOTAL EXPENSES $523,686

Year-over-Year Comparison

2025 2024 Change
Revenue $584,828 $457,904 +0.3%
Expenses $523,686 $429,781 +0.2%
Net Income $61,142 $28,123 +1.2%
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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Governance

Voting Members
4
Independent Members
4
Employees
2
Volunteers
115

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
5
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDI BALDING BOARDMEMBER AT LARGE UNTIL RESIGNATION 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 UNTIL RESIGNATION 20.00
Officer
$0 $0 $0
SUSAN LADOW 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
2025 $584,828 $523,686 $435,578 $61,142
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
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