SECOND CHANCES GARAGE INC

EIN: 271336325 501(c)(3) Human Services

FREDERICK, MD

Total Revenue
$1,039,736
Total Expenses
$1,114,280
Total Assets
$412,300
Net Assets
$131,308
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MD
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

REPAIR AND REFURBISH DONATED VEHICLES TO PLACE WITH LOW-INCOME WAGE EARNERS REFERRED BY PARTNER AGENCIES. PROVIDE REDUCED COST REPAIR SERVICES TO QUALIFIED LOW-INCOME INDIVIDUALS.

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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 (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
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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
12
Independent Members
12
Employees
6
Volunteers
12

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
6
$137,254
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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