Second Chances Inc

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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

2005

Legal Domicile

Phone

6176660280

Tax Period

2024-01-01 to 2024-12-31

Second Chances Inc, founded in 2005, is a small nonprofit in the Human Services sector that reported $256K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

Second Chances puts donated clothing to work for our community, diverting clothing, shoes, and accessories from local landfills while helping our neighbors in need take their first steps toward brighter futures.

Program Service Accomplishments

Program 1

Expenses: $206,562 Revenue: $252,780

Collected, reused, and recycled 314,569 pounds of clothing, shoes, and accessories to benefit local homeless and low-income clients. Distributed 6,776 items of free clothing to 1200 people. Hosted...

Collected, reused, and recycled 314,569 pounds of clothing, shoes, and accessories to benefit local homeless and low-income clients. Distributed 6,776 items of free clothing to 1200 people. Hosted over 60 clothing drives working with 26 partners and providers.

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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 (2024)

Revenue Breakdown

Contributions & Grants $226,779

Program Service Revenue $0

Investment Income $3,391

Other Revenue $25,417

TOTAL REVENUE $255,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,797

Fundraising Expenses $29,703

Program Expenses $206,562

Other Expenses $100,983

TOTAL EXPENSES $262,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,587	$365,353	-0.3%
Expenses	$262,780	$265,026	0.0%
Net Income	$-7,193	$100,327	-1.1%

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

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

$106,575

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrea Shapiro	CEO President	37.50	Officer	$106,575	$0	$106,575
Daniele Levine	Director	2.00	Director	$0	$0	$0
Paul Connolly	Treasurer	2.00	Officer	$0	$0	$0
Amanda Adams	Clerk	2.00	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
2025	No data	No data	No data	No data
2024	$255,587	$262,780	$408,325	$-7,193
2023	$365,353	$265,026	$408,519	$100,327
2022	$235,181	$199,173	$302,668	$36,008