MY SECOND 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

1999

Legal Domicile

Principal Officer

ROYCE ADAMS

Phone

2143741104

Tax Period

2022-01-01 to 2022-12-31

MY SECOND CHANCE INC, founded in 1999, is a small nonprofit in the Mental Health sector that reported $263K in total revenue in fiscal year 2022. Revenue fell 50% from the prior year — a significant decline worth monitoring.

Mission

My Second Chance. is a not-for-profit, corporation established to provide supportive services to women in crisis with issues related to incarceration, substance use, homelessness, HIV, displacement or family violence

Program Service Accomplishments

Program 1

Expenses: $187,080 Revenue: $235,073

The Organizatio provided the following services in 2022. Peer support staff screened 4 women for safe connect domestic violence project and provided emergency shelter to 4 families. Peer Support...

The Organizatio provided the following services in 2022. Peer support staff screened 4 women for safe connect domestic violence project and provided emergency shelter to 4 families. Peer Support staff facilitated substance abuse groups to 106 women living in shelters and transitional housing facilities. Peer support staff provided information and referrals to 211 women and 1955 men re-entering the community from the Texas Department of Criminal Justice center in Dallas.

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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 $237,615

Program Service Revenue $25,605

Investment Income $0

Other Revenue $0

TOTAL REVENUE $263,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,941

Fundraising Expenses $0

Program Expenses $187,080

Other Expenses $83,393

TOTAL EXPENSES $276,334

Year-over-Year Comparison

	2022	2021	Change
Revenue	$263,220	$528,521	-0.5%
Expenses	$276,334	$495,873	-0.4%
Net Income	$-13,114	$32,648	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Emily Vernon	Board Member	001.00	Director	$0	$0	$0
Cynthia Edwards	Board Member	001.00	Director	$0	$0	$0
Amy Carenza	Board Member	001.00	Director	$0	$0	$0
Betty Grant	Board Member	001.00	Director	$0	$0	$0
Phillis Thompson	Board Member	001.00	Director	$0	$0	$0
Theresa Braddy	Peer Support	001.00	Director	$0	$0	$0
Annette Sears	Board Member	001.00	Director	$0	$0	$0
Royce Adams	Director of Operation	045.00	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
2022	$263,220	$276,334	$38,190	$-13,114
2021	$528,521	$495,873	$37,579	$32,648
2020	$531,723	$542,039	$20,903	$-10,316
2019	$462,891	$484,475	$9,698	$-21,584
2018	$466,727	$474,950	$11,830	$-8,223