SECOND CHANCE FOODS (EIN 810996695) - 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

2016

Legal Domicile

Phone

8457231315

Tax Period

2023-01-01 to 2023-12-31

SECOND CHANCE FOODS, founded in 2016, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 8% surplus.

Mission

SCF collects excess food items from farms and grocery outlets. These items are processed into meals and or directly redistributed by way of donation packages. These packages are provided to other aligned charities for distribution at the family level.

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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 $1,390,963

Program Service Revenue $0

Investment Income $1,064

Other Revenue $0

TOTAL REVENUE $1,392,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,389

Fundraising Expenses $78,616

Program Expenses $1,145,477

Other Expenses $1,075,612

TOTAL EXPENSES $1,280,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,392,027	$1,003,924	+0.4%
Expenses	$1,280,001	$922,991	+0.4%
Net Income	$112,026	$80,933	+0.4%

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

280

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

$101,915

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Martha Elder	Executive Director	50.00	Key Emp	$79,500	$0	$79,500
Stephanie C Purcell	Associate Director	40.00	Key Emp	$18,894	$0	$18,894
Jason Kofman	Board President	8.00	Director	$0	$0	$0
Jean McGee	Secretary	8.00	Officer	$0	$0	$0
Richard Winters	Treasurer	8.00	Officer	$0	$0	$0
Eri Budo Uerkwitz	Director Board Member	8.00	Director	$0	$0	$0
Helen Banks Iral	Individual Gifts and Events Officer part Year	8.00	Director	$0	$0	$0
Maggy Keets	Gifts and Events Officer	20.00	Key Emp	$3,521	$0	$3,521

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
2024	No data	No data	No data	No data
2023	$1,392,027	$1,280,001	$345,913	$112,026
2022	$1,003,924	$922,991	$232,524	$80,933

SECOND CHANCE FOODS