SECOND CHANCE SHELTER

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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

2009

Legal Domicile

Principal Officer

RICHARD D MCGEE

Phone

2565612411

Tax Period

2023-01-01 to 2023-12-31

SECOND CHANCE SHELTER, founded in 2009, is a small nonprofit in the Animal-Related sector that reported $468K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

OPERATE A NO-KILL SHELTER FOR STRAY AND UNWANTED PETS. ENSURE ALL PETS ARE SPRAYED OR NEUTERED AND PLACED IN PERMANENT HOME.

Program Service Accomplishments

Program 1

Expenses: $447,632 Revenue: $10,050

To operate a no-kill shelter for dogs for placement in a permanent home.

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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 $441,831

Program Service Revenue $10,050

Investment Income $16,497

Other Revenue $0

TOTAL REVENUE $468,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,229

Fundraising Expenses $0

Program Expenses $447,632

Other Expenses $220,706

TOTAL EXPENSES $470,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	$468,378	$430,396	+0.1%
Expenses	$470,935	$446,064	+0.1%
Net Income	$-2,557	$-15,668	-0.8%

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

N/A

Employees

Volunteers

158

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

$28,310

Total Directors

Key Employees

$15,838

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD D MCGEE	PRESIDENT	40	Officer	$11,769	$0	$11,769
WANDA MCGEE	VICE-PRESIDENT	55	Officer	$16,541	$0	$16,541
TERESA A CAMP	TREASURER	28	Key Emp	$15,838	$0	$15,838

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	$468,378	$470,935	$45,844	$-2,557
2022	$430,396	$446,064	$29,043	$-15,668
2021	$405,532	$426,339	$34,925	$-20,807
2020	$302,581	$385,682	$55,732	$-83,101