2ND CHANCE MS (EIN 812718924) - 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

Principal Officer

DAVID Z SCRUGGS

Phone

6012651895

Tax Period

2024-01-01 to 2024-12-31

2ND CHANCE MS, founded in 2016, is a small nonprofit in the Education sector that reported $346K in total revenue in fiscal year 2024. The organization ran a surplus of $111K, a strong 32% operating margin.

Mission

2ND CHANCE MS WILL RAISE AWARENESS AND FUNDS FOR ADULT EDUCATION AND WORK SKILL TRAINING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $314,165

Program Service Revenue $0

Investment Income $14,573

Other Revenue $16,931

TOTAL REVENUE $345,669

Expense Breakdown

Grants Paid $117,910

Salaries & Benefits $62,787

Fundraising Expenses $13,739

Program Expenses $156,736

Other Expenses $53,907

TOTAL EXPENSES $234,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$345,669	$326,371	+0.1%
Expenses	$234,604	$238,210	0.0%
Net Income	$111,065	$88,161	+0.3%

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

$55,000

Total Directors

$55,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD F SCRUGGS	FOUNDER/CHAIRMAN	20.00	Officer Director	$0	$0	$0
DAVID Z SCRUGGS	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
CATHERINE C BEALS	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM THOMAS	BOARD MEMBER	2.00	Director	$0	$0	$0
COLLEEN HARTFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW MULLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSE MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CANDIE SIMMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
SARH LOMENICK	PROGRAM DIRECTOR	40.00	Officer Director	$55,000	$0	$55,000

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	$345,669	$234,604	$538,211	$111,065
2023	$326,371	$238,210	$426,899	$88,161
2022	$292,927	$264,942	$338,771	$27,985
2021	$337,451	$254,341	$312,324	$83,110
2020	$258,890	$217,176	$229,221	$41,714
2019	$264,909	$255,887	$190,441	$9,022
2018	$300,239	$218,401	$163,651	$81,838

2ND CHANCE MS