SECOND CHANCE FOUNDATION (EIN 631213248) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

TONYA D BARKUM

Phone

3342639733

Tax Period

2017-10-01 to 2018-09-30

SECOND CHANCE FOUNDATION, founded in 1998, is a small nonprofit that reported $382K in total revenue in fiscal year 2017.

Mission

COUNSELING, SUPERVISION AND SUPPORT PROVIDED FOR EXPELLED STUDENTS AND AT-RISK YOUTH AND THEIR FAMILIES IN ORDER TO ENABLE THE YOUNG PERSON TO COMPLETE HIS/HER EDUCATION. 30-60 STUDENTS ARE ENROLLED AT ANY TIME.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $376,978

Program Service Revenue $0

Investment Income $0

Other Revenue $5,053

TOTAL REVENUE $382,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,395

Fundraising Expenses $0

Program Expenses $313,741

Other Expenses $86,544

TOTAL EXPENSES $418,939

Year-over-Year Comparison

	2017	2016	Change
Revenue	$382,031	$398,775	0.0%
Expenses	$418,939	$449,036	-0.1%
Net Income	$-36,908	$-50,261	-0.3%

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

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

$52,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANITA STAPLETON	BOARD	2.50	Director	$0	$0	$0
WANDA ANDERSON	BOARD	2.50	Director	$0	$0	$0
TRACEY PRESSLEY	BOARD	2.50	Director	$0	$0	$0
JUDGE CALVIN WILLIAMS	BOARD	2.50	Director	$0	$0	$0
RHONDA WIMBLEY	BOARD	2.50	Director	$0	$0	$0
RHONDA CHERRY-SMOKE	BOARD	2.50	Director	$0	$0	$0
EMMA E COLE	BOARD	2.50	Director	$0	$0	$0
JOHN MCCLENNEY	BOARD	2.50	Director	$0	$0	$0
TONYA D BARKUM	EXECUTIVE DI	65.00	Officer	$52,250	$0	$52,250
DAVID PINNOCK	CHAIRMAN	2.50	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
2018	$382,031	$418,939	$139,036	$-36,908

SECOND CHANCE FOUNDATION