SECOND CHANCE FARM (EIN 461170928) - 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

2012

Legal Domicile

Principal Officer

SANDRA WALKER

Phone

8172438172

Tax Period

2023-01-01 to 2023-12-31

SECOND CHANCE FARM, founded in 2012, is a small nonprofit in the Animal-Related sector that reported $617K in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $218K, a strong 35% operating margin.

Mission

PROVIDED LIFE CARE INCLUDING VETERINARY, FEED, SHELTER TO NEEDY ANIMALS

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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 (2023)

Revenue Breakdown

Contributions & Grants $585,182

Program Service Revenue $17,928

Investment Income $778

Other Revenue $13,407

TOTAL REVENUE $617,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,430

Fundraising Expenses $0

Program Expenses $398,884

Other Expenses $310,454

TOTAL EXPENSES $398,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$617,295	$370,134	+0.7%
Expenses	$398,884	$266,603	+0.5%
Net Income	$218,411	$103,531	+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

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

$36,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA WALKER	PRESIDENT	40.00	Officer	$36,000	$0	$36,000
CHRIS FOLLIS	VICE PRESIDE	20.00	Officer	$0	$0	$0
LYNDA VEAL	SECRETARY TR	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
2024	No data	No data	No data	No data
2023	$617,295	$398,884	$539,507	$218,411
2022	$370,134	$266,603	$320,685	$103,531
2021	$310,942	$278,780	$216,928	$32,162
2020	$302,747	$261,581	$184,788	$41,166
2019	$237,912	$237,334	$143,073	$578
2018	$252,228	$240,872	$141,554	$11,356

SECOND CHANCE FARM