SECOND CHANCES FOUNDATION (EIN 821934334) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

JASMIN BAMBUR

Phone

7047791461

Tax Period

2023-01-01 to 2023-12-31

SECOND CHANCES FOUNDATION, founded in 2017, is a small nonprofit in the Human Services sector that reported $417K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $308K, a strong 74% operating margin.

Mission

TO SUPPORT DISABLED AMATEUR ATHLETES THROUGH EDUCATION AND FINANCIAL ASSISTANCE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $410,000

Program Service Revenue $0

Investment Income $6,809

Other Revenue $100

TOTAL REVENUE $416,909

Expense Breakdown

Grants Paid $87,656

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,803

Other Expenses $21,147

TOTAL EXPENSES $108,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$416,909	$320,000	+0.3%
Expenses	$108,803	$74,987	+0.5%
Net Income	$308,106	$245,013	+0.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
JASMIN BAMBUR	PRESIDENT/EXECUTIVE DIRECT	2.00	Officer Director	$0	$0	$0
ISMAR BAMBUR	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ILIJA KOSTADINOV	SECRETARY	2.00	Officer Director	$0	$0	$0
SARAH BAMBUR	TREASURER	2.00	Officer Director	$0	$0	$0
DEJAN ARSOV	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$416,909	$108,803	$853,303	$308,106
2022	$320,000	$74,987	$543,597	$245,013

SECOND CHANCES FOUNDATION