Project Second Chance Inc

EIN: 680116834 501(c)(3) Education

Concord, CA

Total Revenue
$207,986
Total Expenses
$86,905
Total Assets
$3,153,009
Net Assets
$3,151,843
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
CA
Principal Officer
Michael Marable
Phone
9256913960
Tax Period
2024-07-01 to 2025-06-30

Project Second Chance Inc, founded in 1986, is a small nonprofit in the Education sector that reported $208K in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $121K, a strong 58% operating margin.

Mission

Project Second Chance, Inc. was established to support the Contra Costa County Library Adult Literacy Program, Project Second Chance (PSC). Project Second Chance offers literacy instruction and has helped over 7,201 adults improve their reading, writing and spelling skills. Project Second Chance offers one-on-one basic literacy instruction to people who struggle with basic literary tasks.

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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 $25,699
Program Service Revenue $0
Investment Income $181,604
Other Revenue $683
TOTAL REVENUE $207,986

Expense Breakdown

Grants Paid $75,791
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $75,791
Other Expenses $11,114
TOTAL EXPENSES $86,905

Year-over-Year Comparison

2024 2023 Change
Revenue $207,986 $1,054,574 -0.8%
Expenses $86,905 $82,234 +0.1%
Net Income $121,081 $972,340 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
275

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Marable President 1.00
Officer Director
$0 $0 $0
Elizabeth Bognar Secretary 1.00
Officer Director
$0 $0 $0
Robert Venema Treasurer 3.00
Officer Director
$0 $0 $0
Lisa Cline Board Member 3.00
Director
$0 $0 $0
Carole Mansinne-Shafer Board Member 1.00
Director
$0 $0 $0
Susan Schneider Board Member 1.00
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 $207,986 $86,905 $3,153,009 $121,081
2024 $1,054,574 $82,234 $2,879,935 $972,340
2023 $322,426 $34,367 $1,753,005 $288,059
2022 $150,364 $36,620 $1,596,189 $113,744
2021 $112,170 $80,125 $1,813,641 $32,045
2020 $85,293 $75,616 $1,490,947 $9,677
2019 $82,411 $71,509 $1,450,202 $10,902
2018 $103,523 $48,018 $1,373,990 $55,505
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