SECOND CHANCES (EIN 800797298) - Form 990 Financial Analysis & Trantor Score

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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

2015

Legal Domicile

Principal Officer

BRENDA DUNCAN

Phone

5072367331

Tax Period

2023-01-01 to 2023-12-31

SECOND CHANCES, founded in 2015, is a micro nonprofit that reported $38K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $142K exceeded revenue, resulting in a 272% operating deficit.

Mission

DEDICATED TO PROVIDING TROUBLED YOUTHS A SAFE AND COMFORTABLE ENVIRONMENT WHILE FOSTERING A POSITIVE SELF ESTEEM AND DEVELOPING THE NECESSARY SKILLS FOR A SUCCESSFUL FUTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $30

Program Service Revenue $57,774

Investment Income $-19,549

Other Revenue $0

TOTAL REVENUE $38,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,531

Fundraising Expenses $0

Program Expenses $142,424

Other Expenses $112,893

TOTAL EXPENSES $142,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,255	$159,489	-0.8%
Expenses	$142,424	$139,765	+0.0%
Net Income	$-104,169	$19,724	-6.3%

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

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

$26,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROLAND DUNCAN	CEO	20.00	Officer	$20,000	$0	$20,000
BRENDA DUNCAN	CFO	20.00	Officer	$6,250	$0	$6,250
DIANE DUNCAN	DIRECTOR	1.00	Director	$0	$0	$0
KATHY LEET	DIRECTOR	1.00	Director	$0	$0	$0
SARAH MITTELSTADT	DIRECTOR	1.00	Director	$0	$0	$0
JON SCHOFIELD	DIRECTOR	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
2023	$38,255	$142,424	No data	$-104,169
2022	$159,489	$139,765	$205,092	$19,724
2021	$70,440	$88,126	$199,073	$-17,686
2020	$179,615	$163,602	$224,251	$16,013

SECOND CHANCES