SECOND CHANCE INC (EIN 522276640) - 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

2000

Legal Domicile

Principal Officer

Mark Foster

Phone

4103851101

Tax Period

2024-01-01 to 2024-12-31

SECOND CHANCE INC, founded in 2000, is a mid-sized nonprofit in the Employment sector that reported $34.8M in total revenue in fiscal year 2024. Revenue surged 158% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.4M, a strong 16% operating margin.

Mission

JOB TRAINING AND WORKFORCE DEVELOPMENT

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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 $16,124,222

Program Service Revenue $5,649,398

Investment Income $13,070,746

Other Revenue $0

TOTAL REVENUE $34,844,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,564,623

Fundraising Expenses $273,605

Program Expenses $27,307,574

Other Expenses $23,872,078

TOTAL EXPENSES $29,436,701

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,844,366	$13,481,036	+1.6%
Expenses	$29,436,701	$12,945,278	+1.3%
Net Income	$5,407,665	$535,758	+9.1%

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

247

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

$396,800

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK FOSTER	EXECUTIVE DIRECTOR/MEMBER	40	Key Emp Highest	$254,000	$0	$254,000
CLAYTON SHELHOSS	COO	40	Key Emp	$142,800	$0	$142,800
MARCELLUS BAYLOR	RECEIVING MANAGER	50	Highest	$100,292	$0	$100,292
DIANE NEASE	DIRECTOR	2	Director	$0	$0	$0
MARK LAVELLE	PRESIDENT	2	Officer	$0	$0	$0
MATTHEW FRANKE	SECRETARY TREASURER	2	Officer	$0	$0	$0
MICHAEL MALONEY	VICE PRESIDENT	2	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	$34,844,366	$29,436,701	$24,390,751	$5,407,665
2023	$13,176,232	$13,199,417	$23,276,732	$-23,185
2023	$13,481,036	$12,945,278	$23,118,938	$535,758
2022	$13,442,562	$11,900,876	$23,418,043	$1,541,686
2022	No data	No data	No data	No data
2021	$13,264,528	$11,179,554	$22,971,247	$2,084,974
2020	$9,784,965	$9,352,888	$20,877,727	$432,077
2019	$10,922,769	$9,645,736	$19,878,792	$1,277,033
2018	$10,871,740	$9,748,277	$18,890,104	$1,123,463

SECOND CHANCE INC