SECOND CHANCES GARAGE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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

BARBARA SWANHART

Phone

2407241919

Tax Period

2023-01-01 to 2023-12-31

SECOND CHANCES GARAGE INC, founded in 2009, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO PROVIDE AFFORDABLE, RELIABLE TRANSPORTATION TO LOW-WAGE INDIVIDUALS AND FAMILIES PRIMARILY IN FREDERICK COUNTY, MARYLAND WHO ARE REFERRED BY PARTNER AGENCIES AND TO PROVIDE REDUCED COST REPAIR SERVICES TO QUALIFIED LOW-INCOME INDIVIDUALS IN THE LOCAL AREA.

Program Service Accomplishments

Program 1

Expenses: $820,782 Revenue: $402,887

THE ORGANIZATION RECEIVED DONATED VEHICLES, REPAIRED THESE VEHICLES TO ENSURE THAT THEY WERE IN GOOD OPERATING CONDITION AND PLACED THE VEHICLES WITH LOW-INCOME WAGE EARNERS REFERRED BY PARTNER...

THE ORGANIZATION RECEIVED DONATED VEHICLES, REPAIRED THESE VEHICLES TO ENSURE THAT THEY WERE IN GOOD OPERATING CONDITION AND PLACED THE VEHICLES WITH LOW-INCOME WAGE EARNERS REFERRED BY PARTNER AGENCIES AT SUBSTANTIALLY LOWER THAN MARKET PRICES. VEHICLES NOT APPROPRIATE FOR PROGRAM PARTICIPANTS WERE SOLD TO THE GENERAL PUBLIC AT FAIR MARKET VALUE. IN 2023, THE TOTAL NUMBER OF VEHICLES SOLD WAS 116.

Program 2

Expenses: $205,196 Revenue: $100,141

THE ORGANIZATION PROVIDED REDUCED COST REPAIR SERVICES FOR QUALIFIED LOW-INCOME INDIVIDUALS AND FAMILIES WHOSE INCOME IS AT OR BELOW 250% OF FEDERAL POVERTY GUIDELINES BASED ON HOUSEHOLD SIZE AND/OR WELFARE BENEFITS. REPAIRS ARE PROVIDED AT RATES THAT ARE SUBSTANTIALLY LOWER THAN MARKET RATES. A TOTAL OF 640 INDIVIDUALS WERE SERVED DURING 2023.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $535,735

Program Service Revenue $502,530

Investment Income $973

Other Revenue $498

TOTAL REVENUE $1,039,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $338,499

Fundraising Expenses $37,410

Program Expenses $1,025,978

Other Expenses $775,781

TOTAL EXPENSES $1,114,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,039,736	$954,312	+0.1%
Expenses	$1,114,280	$1,027,936	+0.1%
Net Income	$-74,544	$-73,624	+0.0%

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

Employees

Volunteers

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

$137,254

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN FRAWLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURA JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
BOB BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
ERIN GARRETT-GLASPELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
APRIL DIXON	SECRETARY	1.00	Officer Director	$0	$0	$0
GINGER TRAUTMAN	DIRECTOR	1.00	Director	$0	$0	$0
RONNIE WACHTER	DIRECTOR	1.00	Director	$0	$0	$0
JOSE BUESO	DIRECTOR	1.00	Director	$0	$0	$0
RUSS CLARK	DIRECTOR	1.00	Director	$0	$0	$0
MICHA HAGANS	DIRECTOR	1.00	Director	$0	$0	$0
TANER HASSAN	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY SCHOR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GRUPENHOFF	SHOP MANAGER	40.00	Officer	$80,062	$0	$80,062
BARBARA SWANHART	EXECUTIVE DIRECTOR	40.00	Officer	$57,192	$0	$57,192

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	$1,039,736	$1,114,280	$412,300	$-74,544
2022	$954,312	$1,027,936	$479,230	$-73,624
2021	$1,073,057	$1,096,144	$348,513	$-23,087
2020	$942,968	$876,701	$327,328	$66,267
2019	$981,454	$993,558	$262,412	$-12,104
2018	$781,036	$778,727	$266,140	$2,309