SECOND CHANCE SOCIETY INC

EIN: 651118303 501(c)(3) Philanthropy & Grantmaking

FORT LADUERDALE, FL

Total Revenue
$349,304
Total Expenses
$374,952
Total Assets
$902,173
Net Assets
$886,480
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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
2002
Legal Domicile
FL
Principal Officer
ROLAND GARCIA
Phone
9547635999
Tax Period
2024-06-01 to 2025-05-31

SECOND CHANCE SOCIETY INC, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $349K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $886K represent 30 months of operating reserves.

Mission

SECOND CHANCE SOCIETY, INC., (THE ORGANIZATION) IS A NOT-FOR-PROFIT ORGANIZATION AND WAS INCORPORATED IN THE STATE OF FLORIDA ON MARCH 5, 2002. THE ORGANIZATION IS SUPPORTED PRIMARILY THROUGH DONOR CONTRIBUTIONS, GRANTS, AND THE UNITED WAY. INGRAINED WITHIN THE WORDING OF THE ORGANIZATION'S MISSION STATEMENT LAY ITS PRIMARY PURPOSE WHICH IS TO AID HOMELESS AND STRUGGLING INDIVIDUALS' RETURN TO A STATE OF SELF-SUFFICIENCY. WITH SELF-SUFFICIENCY COMES A GENERAL STATE OF WELLBEING, SELF-WORTH, REVITALIZATION, AND MOST IMPORTANTLY, HOPE. ITS SECONDARY PURPOSE IS TO PROVIDE ONGOING MORAL ENCOURAGEMENT TO ITS CLIENTS TO ENSURE THEIR ENTRANCE BACK INTO SOCIETY IS AS UNPROBLEMATIC AS POSSIBLE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $337,612
Program Service Revenue $4,323
Investment Income $7,369
Other Revenue $0
TOTAL REVENUE $349,304

Expense Breakdown

Grants Paid $0
Salaries & Benefits $177,284
Fundraising Expenses $19,959
Program Expenses $313,053
Other Expenses $197,668
TOTAL EXPENSES $374,952

Year-over-Year Comparison

2024 2023 Change
Revenue $349,304 $310,549 +0.1%
Expenses $374,952 $308,379 +0.2%
Net Income $-25,648 $2,170 -12.8%
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

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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
14

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCIA BARRY-SMITH DIRECTOR 2.00
Director
$0 $0 $0
PENELOPA BLAIR DIRECTOR 2.00
Director
$0 $0 $0
MATT FERRELLI DIRECTOR 2.00
Director
$0 $0 $0
TANYIA JACKSON DIRECTOR 2.00
Director
$0 $0 $0
FRANKIE JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL O'LEARY DIRECTOR 2.00
Director
$0 $0 $0
JEAN READY DIRECTOR 2.00
Director
$0 $0 $0
ROLAND GARCIA PRESIDENT 2.00
Officer
$0 $0 $0
JESSICA GARVEY TREASURER 2.00
Officer
$0 $0 $0
KIM SAISWICK SECRETARY 2.00
Officer
$0 $0 $0
SHERI WITTINGTON VICE PRESIDE 2.00
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
2025 $349,304 $374,952 $902,173 $-25,648
2024 $310,549 $308,379 $924,960 $2,170
2023 $229,519 $215,788 $911,615 $13,731
2022 $313,406 $212,467 $912,422 $100,939
2021 $250,642 $106,877 $803,155 $143,765
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