Second Chance Farms Inc (EIN 300484915) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

Kristin MacDonald

Phone

3522581655

Tax Period

2022-01-01 to 2022-12-31

Second Chance Farms Inc, founded in 2008, is a micro nonprofit in the Animal-Related sector that reported $14K in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year.

Mission

Committed to providing sanctuary for abused, neglected, and unwanted animals. Dedicated to promoting responsible pet ownership through education and by setting an example.

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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 (2022)

Revenue Breakdown

Contributions & Grants $14,030

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,396

Other Expenses $14,423

TOTAL EXPENSES $14,423

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,030	$16,968	-0.2%
Expenses	$14,423	$14,279	+0.0%
Net Income	$-393	$2,689	-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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristin MacDonald	Director	15.00	Director	$0	$0	$0
Mark Cunningham	Trustee	15.00	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
2022	$14,030	$14,423	$3,696	$-393
2021	$16,968	$14,279	$4,336	$2,689
2020	$9,535	$10,071	$2,720	$-536

Second Chance Farms Inc