PEOPLE OF THE SECOND CHANCE

EIN: 274039128 501(c)(3)

CARLSBAD, CA

Total Revenue
$492,818
Total Expenses
$316,907
Total Assets
$371,091
Net Assets
$334,647
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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
2013
Legal Domicile
CA
Tax Period
2018-01-01 to 2018-12-31

PEOPLE OF THE SECOND CHANCE, founded in 2013, is a small nonprofit that reported $493K in total revenue in fiscal year 2018. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $176K, a strong 36% operating margin.

Mission

THE ORGANIZATION IS ESTABLISHED TO BE OPERATED FOR THE PURPOSE OF PRESENTING A BIBLICAL, CHRISTIAN MINISTRY OF THE GOSPEL, HOPE, ENCOURAGEMENT, AND STRENGTH TO AS MANY PEOPLE AS POSSIBLE

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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 (2018)

Revenue Breakdown

Contributions & Grants $48,724
Program Service Revenue $752,183
Investment Income $0
Other Revenue $-308,089
TOTAL REVENUE $492,818

Expense Breakdown

Grants Paid $0
Salaries & Benefits $150,331
Fundraising Expenses $0
Program Expenses $316,907
Other Expenses $166,576
TOTAL EXPENSES $316,907

Year-over-Year Comparison

2018 2017 Change
Revenue $492,818 $743,267 -0.3%
Expenses $316,907 $596,708 -0.5%
Net Income $175,911 $146,559 +0.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
3
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE FOSTER DIRECTOR 60.00
Officer
$0 $0 $0
BILL TOWNSEND CHAIRMAN CFO 10.00
Officer
$0 $0 $0
KEVIN SMALL SECRETARY 10.00
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
2018 $492,818 $316,907 $371,091 $175,911
2017 $743,267 $596,708 $206,736 $146,559
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