2ND 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

1987

Legal Domicile

Principal Officer

KRYCHELLE SMITH

Phone

2562367381

Tax Period

2022-10-01 to 2023-09-30

2ND CHANCE INC, founded in 1987, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year.

Mission

TO PROVIDE SHELTER AND AID TO THE VICTIMS OF DOMESTIC VIOLENCE.

Program Service Accomplishments

Program 1

Expenses: $1,026,583

TO PROVIDE SHELTER AND AID TO THE VICTIMS OF DOMESTIC VIOLENCE.

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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 $1,176,813

Program Service Revenue $0

Investment Income $3,807

Other Revenue $36,592

TOTAL REVENUE $1,217,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $827,062

Fundraising Expenses $6,461

Program Expenses $1,026,583

Other Expenses $389,159

TOTAL EXPENSES $1,216,221

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,217,212	$1,348,997	-0.1%
Expenses	$1,216,221	$1,383,083	-0.1%
Net Income	$991	$-34,086	-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

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
ASHLEY BASS-MARTIN	MEMBER	N/A	Director	$0	$0	$0
LUCILE BODENHEIMER	MEMBER	N/A	Director	$0	$0	$0
PAM HOWARD	PRESIDENT	N/A	Officer Director	$0	$0	$0
FALON HURST	MEMBER	N/A	Director	$0	$0	$0
HANNAH KEITH	MEMBER	N/A	Director	$0	$0	$0
CHRISTA MORPHIS	SECRETARY	N/A	Officer Director	$0	$0	$0
KEVIN MOYERS	TREASURER	N/A	Officer Director	$0	$0	$0
STEPHANIE SHERMAN	MEMBER	N/A	Director	$0	$0	$0
KYLA WHITMORE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KRYCHELLE SMITH	EXECUTIVE DI	N/A	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
2023	$1,217,212	$1,216,221	$701,302	$991
2022	$1,348,997	$1,383,083	$750,183	$-34,086
2021	$1,521,873	$1,287,263	$854,500	$234,610
2019	$1,503,248	$1,548,654	$708,187	$-45,406
2018	$1,369,338	$1,367,673	$615,408	$1,665