NHS SECOND CHANCE 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

2015

Legal Domicile

Principal Officer

ELIZABETH HUGHES

Phone

9043211647

Tax Period

2024-10-01 to 2025-09-30

NHS SECOND CHANCE INC, founded in 2015, is a community nonprofit in the Animal-Related sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring.

Mission

OPERATE A RESALE STORE TO PROVIDE FUNDS FOR ANIMAL RESCUE AND WELFARE ORGANIZATIONS THAT QUALIFIES AS 501(C)(3) ENTITIES IN AND AROUND FERNANDINA BEACH, FL.

Program Service Accomplishments

Program 1

Expenses: $990,003 Revenue: $0

SECOND CHANCE RESALE STORE TO PROVIDE FUNDS FOR ANIMAL RESCUE AND WELFARE 501(C)(3) ENTITIES UNDER THE IRS CODE. THE STORES ONLY SELL ITEMS THAT ARE DONATED TO IT SUCH AS FURNITURE, DISHWARE...

SECOND CHANCE RESALE STORE TO PROVIDE FUNDS FOR ANIMAL RESCUE AND WELFARE 501(C)(3) ENTITIES UNDER THE IRS CODE. THE STORES ONLY SELL ITEMS THAT ARE DONATED TO IT SUCH AS FURNITURE, DISHWARE, EXERCISE EQUIPMENT, RUGS, BIKES, KITCHENWARE, AND OTHER HOUSEHOLD GOODS.

Program 2

Expenses: $637,234 Revenue: $0

THE CLOSET PROVIDE FUNDS FOR ANIMAL RESCUE AND WELFARE 501(C)(3) ENTITIES UNDER THE IRS CODE. THE STORE ONLY SELL ITEMS THAT ARE DONATED TO IT SUCH AS CLOTHING AND ACCESSORIES.

Program 3

Expenses: $1,801 Revenue: $0

THE EBAY SHOP PROVIDES FUNDS FOR ANIMAL RESCUE AND WELFARE 501(C)(3) ENTITIES UNDER THE IRS CODE. THE STORE ONLY SELL ITEMS THAT ARE DONATED TO IT SUCH AS DISHWARE, EXERCISE EQUIPMENT, RUGS, BIKES...

THE EBAY SHOP PROVIDES FUNDS FOR ANIMAL RESCUE AND WELFARE 501(C)(3) ENTITIES UNDER THE IRS CODE. THE STORE ONLY SELL ITEMS THAT ARE DONATED TO IT SUCH AS DISHWARE, EXERCISE EQUIPMENT, RUGS, BIKES, KITCHENWARE, AND OTHER HOUSEHOLD GOODS AND COLLECTIBLES.

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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 $10,401

Program Service Revenue $0

Investment Income $60,852

Other Revenue $1,578,384

TOTAL REVENUE $1,649,637

Expense Breakdown

Grants Paid $711,867

Salaries & Benefits $550,379

Fundraising Expenses $14

Program Expenses $1,629,170

Other Expenses $370,597

TOTAL EXPENSES $1,632,843

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,649,637	$3,072,658	-0.5%
Expenses	$1,632,843	$2,711,061	-0.4%
Net Income	$16,794	$361,597	-1.0%

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

100

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
KATHY SMERAGLINOLO	PRESIDENT	15	Officer Director	$0	$0	$0
ROBIN WRINN	VICE PRESIDENT	15	Officer Director	$0	$0	$0
ED HARDEE	SECRETARY	15	Officer Director	$0	$0	$0
ELIZABETH HUGHES	TREASURER	15	Officer 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
2025	$1,649,637	$1,632,843	$1,392,792	$16,794
2024	$3,072,658	$2,711,061	$1,469,892	$361,597
2023	$2,803,862	$2,448,105	$1,107,453	$355,757
2022	$2,112,588	$1,787,305	$749,815	$325,283
2021	$888,553	$752,320	$423,443	$136,233
2020	$714,339	$674,380	$240,161	$39,959
2019	$733,654	$874,188	$199,250	$-140,534
2018	$719,287	$555,309	$340,966	$163,978