2ND CHANCE CORPORATION (EIN 463505927) - 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

2013

Legal Domicile

Phone

6162932150

Tax Period

2021-07-01 to 2022-06-30

2ND CHANCE CORPORATION, founded in 2013, is a micro nonprofit in the Education sector that reported $71K in total revenue in fiscal year 2021. Revenue surged 82% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION PROVIDES INSTRUCTION AND GUIDANCE IN LIFE SKILLS TO YOUTH AND ADULTS WHO HAVE DIFFICULTY IN TRADITIONAL SETTINGS. THIS IS DONE TROUGH, AMONG OTHER THINGS, HANDS ON WORK EXPERIENCE IN A CHRISTIAN AGRICULTURAL SETTING.

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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 (2021)

Revenue Breakdown

Contributions & Grants $15,426

Program Service Revenue $0

Investment Income $45,206

Other Revenue $10,796

TOTAL REVENUE $71,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,000

Fundraising Expenses $0

Program Expenses $0

Other Expenses $17,072

TOTAL EXPENSES $72,072

Year-over-Year Comparison

	2021	2020	Change
Revenue	$71,428	$39,146	+0.8%
Expenses	$72,072	$32,442	+1.2%
Net Income	$-644	$6,704	-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

N/A

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

$55,000

Total Directors

$55,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON SILVERMAN	PRESIDENT DIRECTOR	40.00	Officer Director	$0	$55,000	$55,000
PATTI SILVERMAN	SEC. TREAS. DIRECTOR	20.00	Officer Director	$0	$0	$0
MARY KAY SMITH	DIRECTOR	0.00	Director	$0	$0	$0
PAULA SOMERVILLE	DIRECTOR	0.00	Director	$0	$0	$0
MIKE SIMON	DIRECTOR	0.00	Director	$0	$0	$0
ROGER WAITE	DIRECTOR	0.00	Director	$0	$0	$0
DAN WILSON	DIRECTOR	0.00	Director	$0	$0	$0
MILE STOREY	DIRECTOR	0.00	Director	$0	$0	$0
JEAN KRIEGER	DIRECTOR	0.00	Director	$0	$0	$0
KATHE WAITE	DIRECTOR	0.00	Director	$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	$71,428	$72,072	$31,775	$-644

2ND CHANCE CORPORATION