SECOND CHANCE SHELTER (EIN 262717351) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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 $303K in total revenue in fiscal year 2020. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $386K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO OPERATE AS A NO-KILL SHELTER FOR STRAY AND UNWANTED PETS IN THE NORTH ALABAMA AREA. TO ENSURE THAT ALL ANIMALS ARE SPRAYED/NEUTERED AND

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

SECOND CHANCE SHELTER